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Business Management Blog

Incentive Programs: Paying for Performance

& Management.

A regular incentive program (or bonus) can be an excellent mechanism to redistribute the wealth a company retains in the good years and remain solvent in less successful ones. Ad hoc incentives can also be used to reward above-and-beyond performance. Unfortunately, too often the enthusiasm around the first surprise reward quickly morphs into entitlement on… Read more »

Take The Stress Out Of Compensation

& Management.

Few business leaders are immune to the anxiety and discomfort that go along with discussions of compensation. What we hear: “They think the bonus is a guaranteed part of their pay. It’s entitlement!” “They expect to be gifted equity for time served.” “They brought me an internet search that indicated they were 50% underpaid. That… Read more »

7 Tips to Avoid Procrastination

& Leadership, Management.

Procrastination is a form of self-regulation failure that involves prioritizing short-term mood repair over the long-term pursuit of intended actions (Sirois & Pychyl, 2013).  Basically, it’s more fun to watch TV or read a book than to clean the toilet. At least, in the moment. The problem is that the toilet isn’t going to clean… Read more »

Developing People Through Talent Assessment

& Management.

In Good to Great, Jim Collins taught us that we need to get the right people in the right seats. In small business, the seats are fairly standard: President, General Manager, Sales Manager, Operations Manager, Finance Manger…There are industry-specific variations on this theme but those five titles represent the foundational core to most businesses with… Read more »

The After-Action Review

& Leadership, Project Management.

An After-Action Review (AAR), sometimes referred to as a project post-mortem, is a review of past performance to glean lessons that can be applied to future situations. Ideally, those learnings are then implemented within the organization as part of a continuous improvement effort. Ineffective AARs devolve into blame circles instead of being future oriented, focus… Read more »