the best management ideas ever

When interviewing potential employees, we don’t merely ask them to list their strengths for us. Often, we’ll ask them to tell us what their weaknesses are as well. This helps us get to know them better. And it reveals where we might be able to assist them if we bring them onto our team. Our businesses could use this same type of insight.

Knowing your company’s weaknesses will only make your organization stronger. It’ll reveal two things:

1. Where your organization still needs to improve
2. How to reposition your company’s weaknesses as strengths

Company values are a collection of ideas and guidelines that establish your company culture and drive your employees to daily success.

These values are essential to a company overall, but in many cases, they are only found written on the office walls or inside employee handbooks. They aren’t being talked about daily or living and breathing within the company. So how do we transform values from plain text into a way of life?

Hiring is an expensive and time-consuming endeavor. According to the SHRM, it costs an average of $4129 to hire an employee, and takes an average of 42 days to do so. These figures increase exponentially the more senior-level the hire.

Given the time and expense involved, executives and decision-makers need to make the right decision the first time. Hiring well can be a great investment for the company, as high-quality talent quickly pays for itself in terms of knowledge, efficiency and leadership potential.

There's nothing more frustrating than car trouble, it doesn't matter if it's flat tire on the way to work or the dreaded dead engine. Workplace culture is a lot like taking care of your car, invest a little early and it can pay big dividends later.

Workplace culture is the buzzword of the business world in 2019. It's catching on reflects the fact that consistent and positive workplace culture is essential to business success.

A workplace's culture is the sum of the company values, superior to inferior dynamics, norms, and goals from the top down.

Just like in life, everything in business is a tradeoff. Every decision that you make has an opportunity cost - basically, by taking one route, you're giving up the opportunity to take another route. Some of these tradeoffs are small, and others are major; some are simple, and some are extraordinarily complex.

Say you want to purchase a computer. If your only requirement is that it meets a certain price point, the decision is easy. If, on the other hand, it needs to be a certain size, have a certain amount of processing power, a touch screen, and four USB ports, chances are you're going to have to make some tradeoffs.