N2Growth Blog

NOVEMBER 29, 2010

Posted on November 29th, 2010 by admin in Miscellaneous , Operations & Strategy , Talent Management By Mike Myatt , Chief Strategy Officer, N2growth Bonus or no bonus? There is a tremendous amount of conflicting data as to whether or not incentive compensation in any form is an effective motivation tool.

Blog 382

Blog Metrics Brand CEO 382

In the CEO Afterlife

DECEMBER 11, 2012

Collectively, these giants employ 300,000 people, the vast majority of which are committed to delivering results, ethically. In the heat of battle, there is a hell of an incentive to discount products for easy market share, even by the most disciplined of marketers.

Price 162

Price Discount Brand Incentives 162

In the CEO Afterlife

DECEMBER 11, 2012

Collectively, these giants employ 300,000 people, the vast majority of which are committed to delivering results, ethically. In the heat of battle, there is a hell of an incentive to discount products for easy market share, even by the most disciplined of marketers.

Price 148

Price Discount Brand Incentives 148

The Horizons Tracker

DECEMBER 13, 2022

. “But then people quickly realized that this is fluff, especially with more information being made available on sites like Glassdoor, and so this has created a real external incentive to be more ethical.” ” Values-based leadership.

Cooper 97

Cooper Long-term Politics Energy 97

Strategy Driven

MARCH 15, 2019

To quote The Economist “consumer trust is the basis of all brand values, and therefore brands have an immense incentive to retain it”. The ‘actual’ difference between ethical brands with a moral code and those exposed as being without one, is increasingly a key factor in consumer brand adoption or rejection. Why is this so important?

Supply Chain 75

Supply Chain Brand Advertising PR 75

Women on Business

DECEMBER 7, 2010

What if service people were given incentives for the “yes” answers they gave to customers and were docked pay for their “no” answers? If the person says “yes” they may have to do something and then take a risk for doing it. And frankly, it seems that some service people don’t feel like they are being paid to say “yes.”

Press Release 170

Press Release Discount PR Compliance 170

Strategy Driven

MARCH 22, 2018

You might want to offer incentives such as bonuses for the hardest workers every week. One worker’s negativity or apathy can affect the work ethic of everyone else in the workplace. They need to be professional on the phone or social media when talking to customers, but they also need to create a professional product.

Brand 52

Brand Incentives Ethics Reputation 52

Women on Business

JANUARY 3, 2011

If possible, provide some financial incentive like a small hourly rate or commission for work well-done. Make sure you say in your ad description what they need to be successful with you (eg – a computer with internet access, a nice phone voice, computer skills, etc.). I have used www.internhere.com to post my request.

Press Release 160

Press Release Parcell Discount PR 160

Harvard Business Review

JUNE 10, 2011

Bazerman and Tenbrunsel outline five reasons why ethical people allow unethical behavior to thrive. Jack Springman is a consultant and author of Elusive Growth: Why Prevailing Practices in Strategy, Marketing and Management Education are the Problem, Not the Solution (Old Broad Street Press, 2011).

Ethics 13

Ethics Committee Incentives Loyalty 13

Lead on Purpose

AUGUST 6, 2009

This is an awsome incentive that could motivate a lot of people! I haven’t seen anything like this anywhere.

Productivity 100

Productivity Products Press Release Discount 100

Strategy Driven

NOVEMBER 6, 2015

Incentives-rewards-bonus plan is annually updated, with realistic, measurable goals. Company has and regularly fine-tunes a communications strategy. The organization maintains and lives by an ethics statement. Human Resources program is active, professional and responsive to the organization. Business development.

Succession 50

Succession Strategic Planning Budgeting Goal 50

Strategy Driven

OCTOBER 29, 2018

However, not all of them will, and this might be because there is no general work ethic to work harder or longer. As an added incentive you can offer a reward for the best idea and allow the employee who came up with the idea the opportunity to work with the team to implement it. Make Productivity a Central Issue.

Mission Statement 50

Mission Statement Morale Loyalty Efficiency 50

Coaching Tip

APRIL 1, 2013

Traditionally the thinking has been that employers should appeal to workers’ more obvious forms of self-interest: financial incentives, yes, but also work that is inherently interesting or offers the possibility for career advancement. Shaking up Yahoo is an effective change management strategy. John Agno: Can't Get Enough Leadership.

Social Capital 139

Social Capital Cialdini Mentor Incentives 139

Strategy Driven

DECEMBER 9, 2013

The bad news is it’s so full of retail shopping incentives, mobs of people, and ‘today only deals’ that the festivity of Thanksgiving is somewhat lost in the shuffle. Whatever it is, it’s a strategy for advertising and promoting. The assets you possess that you believe have created the person you are. Tough list, eh?).

Mission Statement 58

Mission Statement Customer Loyalty Competitive Advantage Library 58

Deming Institute

APRIL 7, 2016

Watch this short video for a great story illustrating this problem in action: There may be cases in which incentives work only as intended, but I suspect they are relatively rare. Gipsie Ranney, The Trouble with Incentives: They Work. If the focus is just on meeting a target improving the system is not a sensible strategy.

Deming 28

Deming System Incentives Short-term 28

N2Growth Blog

AUGUST 5, 2010

I don’t know about you, but it’s almost as if we have raised a generation of leaders who feel they have a moral and ethical obligation to be politically correct – WRONG. And if you succeed by learning to be politically correct in an organization what is the incentive to be anything else? How sad is this?

Politics 375

Politics Blog Leadership Diversity 375

Strategy Driven

FEBRUARY 6, 2015

In order to complete the chain, organizations must insist that suppliers, professional services counselors and vendors show demonstrated quality programs, as well as ethics statements. Educational and incentive programs should be implemented. Business Strategy Steers the Quality Process. Faster innovation. Higher sales.

Quality 50

Quality Metrics Strategic Planning TQM 50

N2Growth Blog

NOVEMBER 23, 2010

I will onshore, offshore, outsource, insource, or execute whatever business strategy I implement without regard for diversity. Case in point is Wal-Mart CEO, Lee Scott, who is so concerned with diversity mandates that Wal-Mart officers are held financially accountable by tying officer incentive bonuses to achieving diversity goals.

Diversity 350

Diversity Blog Leadership Learning-by-Doing 350

Harvard Business Review

OCTOBER 6, 2011

The experience of Esquel Group proves that a stakeholder-based strategy is feasible in even the toughest of industries. And it has to do so by adopting completely new strategies — those that are able to integrate the industry's pursuit of growth and profitability with the values and interests of its stakeholders.

Industry 10

Industry Strategy Supply Chain Long-term 10

Harvard Business Review

JULY 19, 2018

For example, if a researcher wants to understand how employees respond to particular incentives, the results of a study measuring how undergraduate students in the U.S. respond to those incentives will have limited generalizability, and may not be at all relevant in most work contexts or in other cultures.

Metrics 9

Metrics Ethics Incentives Policies 9

Harvard Business Review

NOVEMBER 16, 2018

After surveying corruption experts and business executives (including one who went to jail for bribery) I identified four strategies: Have a resistance plan for bribe demands. At that point, everybody will lean in together to fix that problem in an ethical and compliant manner, even if it takes considerably longer,” Bistrong says.

Management 9

Management Ethics Cost Bureaucracy 9

Harvard Business Review

MARCH 22, 2018

Over the last decade, industries, academics, and the public sector have turned their focus toward culture and ethics in response to the financial crisis as well as misconduct at a broad range of corporations. naqiewei/Getty Images. But what role does culture play in corporate misconduct, and why do these problematic cultures persist?

Company 10

Company Banking Incentives Human Capital 10

Harvard Business Review

JANUARY 28, 2011

Corporations booking record profits as cities , states , and countries go broke have little (read: zero) incentive to actually do much get people, communities, and society out of this mess. 21st century intelligence is not just analytical — it's ethical, emotional, and creative. Hence, the atmosphere of groupthink.

Ethics 15

Ethics Globalization Groupthink Incentives 15

Michael Lee Stallard

JUNE 23, 2010

In addition, Corporate Executive Board research shows that 40 percent of engaged employees are not aligning their behavior with organizational goals, The bottom line is that only one out of ten employees are both engaged and aligned with strategy. He made certain the Navy’s plans and budgets were aligned with his priorities.

Long-term 207

Long-term Consensus Class Follow-up 207

Harvard Business Review

DECEMBER 14, 2015

The company does not ask for budgets, financial forecasts, or strategy documents. The ethical conduct of business is central to the company and its culture. Is ethical behavior being influenced by the tone at the top? It has no central marketing, procurement, sales, HR, IT, or legal department.

Short-term 8

Short-term Long-term Supply Chain Ethics 8

Harvard Business Review

JUNE 2, 2014

Like a startup, you have to get the market fit right, but you also have to fight the corporate systems at the same time, dealing with the rules, procedures, and approval processes that every big company has in place to support its strategy. By and large, corporate strategies and the internal rules they engender are good and useful.

Innovation 9

Innovation Conflict of Interest Strategy System 9

Harvard Business Review

DECEMBER 4, 2013

Remember that people set strategy. Berra was famous for his “Yogi-isms,” but this one contained an essential truth: inchoate strategies and ineffectual leadership generally go hand in hand. American baseball legend Yogi Berra warned, “If you don’t know where you’re going, you might not get there.”

CEO 8

CEO Tips Long-term Consultative 8

Harvard Business Review

MAY 28, 2015

If anything, raising questions that do not get answered, or being surprising and counterintuitive, may be better strategies for being widely cited than actually answering questions accurately. What will the advent of big data mean for management research, given the incentives in our publication process I’ve described above?

Management 8

Management Retail Construction Ethics 8

Harvard Business Review

NOVEMBER 14, 2016

” Whether you’re dividing up the workload for next year or next week, here are some strategies to help. ” Morgenstern suggests setting aside one or two hours at the end of each week for “delegation strategy and review.” Devote time in your schedule for thinking through your strategy for delegating.

Delegation 8

Delegation Project Team Short-term 8

Strategy Driven

APRIL 4, 2014

The way in which the bigger issues are interpreted has direct bearing on strategy and implementation. The Business Tree : Growth Strategies and Tactics for Surviving and Thriving. Retaining good employees, involving training, motivation and incentives, is yet another matter. by Hank Moore. 56% of employees lie to supervisors.

Budgeting 82

Budgeting Succession Consultative Crisis 82

Harvard Business Review

MARCH 8, 2011

And often that strategy works. Others write about the uncertainty over whether and when someone will die (it's real), the way financial incentives drive overtreatment (they do), and the lack of coordination of care for complex, seriously ill patients (absolutely true).

Health Care 11

Health Care Document System Education 11

Harvard Business Review

MAY 2, 2011

They must be supported by incentives, different processes, training, and often changes in how adjacent activities are carried out (as tools rarely sit in isolation). Any manager who has ever tried to shift organizational behaviors by rolling out a new piece of software knows this well. He can be found on Twitter at @Richardsona.

Metrics 12

Metrics Education Software Tools 12

Harvard Business Review

OCTOBER 18, 2011

They go by names like corporate social responsibility, sustainability, shareholder advocacy, social assessment and auditing, consumer action, government regulation, leadership development, ethics, realignment of incentives , attracting long-term investors , creating shared value , and more.

CEO 11

CEO Incubator Supply Chain Entrepreneur 11

Harvard Business Review

OCTOBER 9, 2012

Let's implement a more aggressive incentive plan to motivate the sales force. Instead of simplistic, one-note fixes, smart managers consider broader improvement plans, such as these: Set a cohesive sales strategy that focuses sales effort on the right customer segments with a compelling value proposition. Is sales growth lagging?

Kaizen 8

Kaizen Incentives Market Segmentation Efficiency 8

Women on Business

JANUARY 11, 2011

Finally, after tough negotiations with Republican leaders, the President announced a comprehensive tax package that not only addressed income, capital gains and estate tax rates, but also the AMT, unemployment insurance and many expiring individual and business tax credits and incentives. What’s in the Tax Bill?

Press Release 178

Press Release Discount Insurance PR 178

Strategy Driven

MARCH 11, 2011

The Business Tree : Growth Strategies and Tactics for Surviving and Thriving. Enron did not demand enough accountability, fairness, ethics and operational autonomy from its outside auditor. Incentive and ‘random acts of kindness’ programs were deleted. Do successful corporations operate without a strategy-vision?

Strategic Planning 57

Strategic Planning Committee Golden Handcuff Media 57