Unfortunately, it’s a stark fact of the business world that the majority of startups fail. As Tanya Prive points out, writing for Forbes.com, a new business represents a journey into the unknown, and entrepreneurs need to embrace ambiguity, uncertainty and multiple challenges.
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When you’ve been in the workforce for a certain amount of time, you realise the importance of skills and abilities that simply can’t be learned in business school, observes Katherine Reynolds Lewis, writing for Fortune. With that in mind, the author highlights five key – but neglected – skills for management success...
Writing for the HBR.org Blog Network, Roger Martin, Dean of the Rotman School of Management at the University of Toronto in Canada, reveals that an executive on the verge of promotion to head a large global company recently approached him for advice on how to be effective as a new CEO. Martin offered the executive five recommendations.
You might want your organisation to be thought of as innovative, but simply asking your employees to think outside of the box won’t produce game-changing ideas, notes Lisa Bodell, writing for InnovationManagement.se.
Good writing skills can enrich anyone’s life, but are particularly important for entrepreneurs, according to Josh Steimle, writing for Forbes.com.
Writing for Entrepreneur.com, Martin Zwilling observes that many entrepreneurs believe their business idea will carry their startup, while most investors think that the idea is worthless without the right execution. This, he insists, means that selling yourself is more important than selling your idea.
Companies such as Facebook, Google, Cisco and IBM not only offer shining examples of innovation – they are also models for strong corporate culture, writes Kispert for Chiefexecutive.net.
According to Randy Komisar, writing for the HBR.org Blog Network, most of the time the best thing a manager can do is to get out of the way of the people actually doing the work. This is the principle behind what he calls “Minimally Invasive Management”.
There’s no doubt that email has become an invaluable tool for communication and collaboration in the workplace. However, writing for Forbes.com, Jacob Morgan warns that it has its limitations and the widespread reach of email is both its greatest strength and its biggest weakness.
Being a leader often means keeping some of your feelings and thoughts to yourself instead of sharing them with your employees, according to Geoffrey James, writing for Inc.com.
The author explores some of the most common thoughts that bosses frequently have but are best left unspoken:
The first three months for a new boss is a critical period, writes Matt Regan for Management Today. As the author points out, first impressions count, and a clear and realistic 100-day plan can help you prioritise your time in a key period.
One of the fundamental aspects of leadership is directing people’s attention – and to do so effectively, leaders first need to focus their own attention.
The theme of how to manage a business during the recession is explored at Fortune courtesy of senior editor at large Geoff Colvin.
In Harvard Business Review, Robert I. Sutton advises on how to be a good manager when the economy is bad.
On the website of Fortune magazine, Anne Fisher discusses the art of global management with Charlene M. Solomon and Michael S. Schell, co-authors of the book Managing Across Cultures: The Seven Keys to Doing Business with a Global Mindset.
On Inc.com, Darren Dahl discusses how entrepreneurs can assess the market potential of a new product or service.
On the Fast Company website, media training company Mindflash present a guide to the seven habits of a highly ineffective manager.
Highlighted in infographic form are the "most common workplace ruts" that undermine the effectiveness of managers. Here is a summary of the seven undesirable habits and how to kick them:
On BusinessWeek.com, Matt Boyle talks to management guru Sydney Finkelstein about his latest book Think Again, which examines why ostensibly good managers make poor decisions.
In his 'Leading Edge' column on Forbes.com, Sangeeth Varghese discusses the 'WICS' model for creating leaders with its developer, Robert Jeffrey Sternberg.
On HBR.org's 'Best Practices' blog, Amy Gallo emphasises the importance of keeping your business plan flexible.
On Forbes.com, Kern Lewis shares some tips on marketing for entrepreneurs, as he discusses how to write a compelling email subject line.
On Inc.com, the importance of happiness in the workplace is acknowledged, as the business website suggests ten ways to make employees love their office, summarised below.
Alyssa Danigelis of Inc.com imparts ten tips for giving an important speech, to help managers confidently step on stage in front of a large audience.