It is great to have ambitious targets and a dramatic vision for the future, considering what the business might become. It’s even better if you share that vision with your team but the step that all too many miss is to break down the overall target into achievable steps. It is great to inspire and…
How do you make decisions? You start by gathering data (usually it is data, rather than information) and you analyse what you’ve learnt. From the analysis you can make your judgement and usually your decision. Sometimes though the data you have is insufficient. You can’t decide, you are not sure. This will happen where it…
I don’t know about you but I was always told to “work hard and success will come” and that’s true, to a point. Put it the other way around – success won’t come without hard work – and it is much truer. It is really important to work smarter, not harder. There’s an old…
I’ve been reading Fortune magazine’s article on the top 100 best companies to work for. In the article the authors point out that the perks provided by the top employers have an indirect purpose; Google (as many of us will already know) provide many employee perks including free food; what I had not known…
I’ve had a couple of experiences this week where promises made were not kept. One was a promise about funding for a voluntary organisation, the other a promise to change a procedure to allow more time for comment and input. How do you feel when a promise or a commitment is broken? I know I…
The three major themes of Oil, the Euro and Conflict continue to dominate the outlook for the world’s economy.The oil price seems to be stabilising, subject to occasional shocks that result in blips. I suspect it has a little further to fall from current levels of $60-$50.The Euro disturbances – especially in Greece – continue…
There are an awful lot of moving parts influencing the world’s major economies at the moment. Major disruptive influences are the recent sharp decline in oil prices, driven partly by the collapse of a speculative “bubble” but more fundamentally by the increase in production (the US is now a larger producer than Saudi by some…
Recent news is that BT is buying a mobile phone company – it looks like they will chose EE over O2 Those of us with enough grey hairs will remember that BT used to have a mobile phone business, and unless I am mistaken it was the business that formed the basis of what is…
Last week I was introduced to a team of three directors who have fallen out with the 4^th director, who is also the largest shareholder in the business. This team of 3 merged their business with the larger business owned by the 4^th director some time ago, and things have not worked out as they…
When I was a child, my parents often exhorted me to “Try & Try again” if I failed at something. In business, all too often I meet companies who, when something is suggested, respond with “Oh that doesn’t work – we tried it some time ago and it failed” If you dig into that &…