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Lesson #3: Find What Works and Stick With It
Coca-Cola executives in the 1980s would have done well to follow in the example of its founder. In growing his company, Candler understood the importance of not messing with perfection. As an increasing number of copycat beverages found their way onto the market, Candler might have changed the shape of his bottle, or altered his marketing message, but he never once made the crucial error that his later successors would: after creating the perfect drink, he never again changed its secret recipe. Candler knew that in an increasingly competitive industry, it was important to stand out, and to keep customers on their toes, but he did not dare mess with what he saw as excellence. After all, if it was not broke, why fix it?

Finding Success in the Great Outdoors: How Bean Lived his Dream
When Bean died in 1967, the executives at the company he had founded were not sure if they should publicize his death. Bean’s attachment to the company was such that most customers believed he himself still personally tested each product and tended to each of their orders. His successors feared that if people knew he was gone, that perception would be eroded and the company would lose ground. They considered keeping his death a secret, until a television news show got wind and broke the story. That was the importance that Bean, at 94, still had on his company. But just how did this outdoorsman create one of the most successful and innovative mail-order catalogue companies of his time?

The Talent Pool Has No Deep End
Have you identified successors in the executive positions within your company? Read some statistics and ideas on what to look for and access the talent pool within your company.

Transforming Leadership is Everything!
It takes many components to make a successful leader but the foregoing list outlines some of the primary skills and attributes of a Transforming and Level 5 Leader. Remember: These principles apply to family situations and small associations, just as much as they do to large corporations.

Leadership Development Your Company Can Afford…Even This Year!
Do you need to be developing leaders for the future? Do you think it must cost a fortune, and it's just plain out of reach for this year, given budget constraints? Learn how one company built it's bench to prepare for baby boomer retirements with an inexpensive, no-travel, highly effective leadership development process. And after strengthening their leadership team using this approach, learn about the great results they produced during the last five years.

Valentine, valentine, please be mine!
A look at an important people management issue with Valentine's day approaching!

Older Employees in Big Demand!!
Employers are facing a critical workforce shortage in the not too distant future. There are fewer younger workers entering the US workforce than there are older workers leaving: in fact the ratio is close to 1:3. And this labor shortage is predicted for all industries, from construction and manufacturing, to technology and health care. At the same time, the definition of retirement is changing; more baby boomers are redefining traditional retirement planning by working longer. Sound like a formula for a great and continuing partnership between you and your (or another...) company?

How to Get a Promotion
In today's competitive business environment, more and more people are seeking something that will give them that extra edge: the help of a professional business coach. No longer considered a luxury enjoyed by only a few CEOs, business coaches are frequently consulted by individuals and organizations looking for guidance on everything from how to resolve conflicts, build successful teams and develop next generation leaders.

Other successors Related Articles

Lesson #3: Find What Works and Stick With It
Coca-Cola executives in the 1980s would have done well to follow in the example of its founder. In growing his company, Candler understood the importance of not messing with perfection. As an increasing number of copycat beverages found their way onto the market, Candler might have changed the shape of his bottle, or altered his marketing message, but he never once made the crucial error that his later successors would: after creating the perfect drink, he never again changed its secret recipe. Candler knew that in an increasingly competitive industry, it was important to stand out, and to keep customers on their toes, but he did not dare mess with what he saw as excellence. After all, if it was not broke, why fix it?

Finding Success in the Great Outdoors: How Bean Lived his Dream
When Bean died in 1967, the executives at the company he had founded were not sure if they should publicize his death. Bean’s attachment to the company was such that most customers believed he himself still personally tested each product and tended to each of their orders. His successors feared that if people knew he was gone, that perception would be eroded and the company would lose ground. They considered keeping his death a secret, until a television news show got wind and broke the story. That was the importance that Bean, at 94, still had on his company. But just how did this outdoorsman create one of the most successful and innovative mail-order catalogue companies of his time?

The Talent Pool Has No Deep End
Have you identified successors in the executive positions within your company? Read some statistics and ideas on what to look for and access the talent pool within your company.

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