Most companies start, grow and die in a two-act play. During the first act, the entrepreneurial drive of the founders champions the company’s launch of the business idea and pushes up its growth through a strenuous but engaging period of development.
Is it better to be in a family business? I ask the question to provoke some thinking.
On an annual basis, in June, many businesses in the UK participate in a nation-wide event ‘Bring your dog to work day’. The main scope behind this event is to raise money for animal-welfare charities, dogs in particular.
Everyone looks forward and expects a pay rise throughout the year. That simple increase to an employee’s salary is the result of a delicate process called a pay review.
The Situation
The client, which has been in the business for over 30 years, sought to up-skill the firm’s management team by better equipping them to lead their respective teams and above all, their strategic awareness.
On a few occasions during a board meeting you feel that it would be better if there were no executives around to express an opinion or a point of view.
High staff turnover causes negative morale at the office. Demotivation and disengagement kick in, affecting the relationship with your customers, which will eventually affect your turnover and profit margins. All this leads to a serious negative impact on your company culture and also on your company’s reputation.
One of the biggest challenges facing business in these last twenty years is that of adapting to the change brought about by outside forces.
The damage done by the financial crisis of 2008 to the image of business is mostly unrepairable.
