The Secret to Optimizing ROI on Compensation, Commission and Bonus Programs

What is the ROI that your company expects from its compensation, commission and bonus programs? In business, ROI (return on investment) is routinely calculated, planned and monitored. Many organizations’ expectations of these monetary rewards programs include employee retention as well as achievement of critical goals and targets.  But, the greater value of these programs can best…

The Critical Need for Strategic Thinking

Less than 15% of companies make it a regular practice to monitor performance results in relation to the prior years’ strategic plan.* The implications are that managers can’t easily know how effectively performance on goals and score card metrics predicts actual business strategy execution, and further, they risk embedding disconnects between strategy and plan year over…

Manufacturing Leaders – The Very Best of the Very Latest Reads

              Links:  OUR TOP 5 INSIGHT ARTICLES, VIDEOS & STATISTICS 1. Intellectual Capital is now the leading asset class in valuation of businesses 2. Video:  Insights from our Assessments 3. Dan DiMicco: Why ‘American Made’ is the Answer, Industry Week 4. Unconventional Leadership Lessons From A Nuclear Submarine Captain and 5th:…

Manufacturing Leaders: Do Your People Really Understand The Business Strategy?

John Kotter’s July 19, 2013 article in Forbes, “When CEOs Talk Strategy, 70% Of The Company Doesn’t Get It” and Harvard Business Review’s June, 2013 article, “When CEOs Talk Strategy, Is Anyone Listening?” are two credible sources citing research and experience proving that, even in companies who take the time to communicate about the strategy, only a small percentage of employees actually take…

Is Quality Being Lost In Today’s Quest For Efficient Execution?

Strategy is, and should be simple.  It consists of 3 dimensions: 1. Value Proposition:  what your company does excellently, better than your competitors, that brings customers to your door 2. Value Chain:  all of the tasks and work your people do in order to deliver your value proposition 3. Fit:  how well you’ve aligned your people, processes, priorities, etc. with your value proposition…

What 3 Actions Can Drive Success For a New CEO?

“New CEOs face a critical strategic choice. Should they settle into the job, spend a year or more getting to know their businesses, and then start shifting the portfolio? Or is it better to act quickly and boldly early on to divert resources from mature activities to a new generation of corporate opportunities?” This key…

Favorite Finds: Videos on Strategy, Execution and H.R. Management

Picture from Pinterest[/caption] We hope you’ll enjoy and find value in the following videos! Please share your questions and comments! Contact us to learn more about our services. Videos From YouTube – Michael Porter on Competitiveness http://www.youtube.com/watch?v=y5I_cnpP99U&list=TL6t8q9HLj8as From YouTube – 1-hour+ Lecture 24 by Michael Porter – ECON http://www.youtube.com/watch?v=KvYwKM5bY0s From YouTube – Michael Porter – The Five…