Compensation : Five Rules
By: Verne Harnish “Growth Guy” Sept 21, 2010 1:00:00 AM ET “Would we rather have a bunch of low paid dumb people or a lot less better paid smart people?” Two identical payrolls. One company has half the people paid twice as much. Its competitor has twice the people paid half as much. Who’s going to win the war for talent? Just theory? Stay tuned. “Would we rather have a bunch of low paid dumb people or a lot less better paid smart people?” This was the question Kip Tindell and Garrett Boone asked themselves 28 years ago. Today, their privately …
CEO Health: Stay at Your Peak
By: Verne Harnish “Growth Guy” Sept 21, 2010 1:00:00 AM ET Dr. Linus Pauling, the two-time Nobel Prize winner who discovered that high dose vitamin C, along with certain nutritional protocols geared to a person’s unique body chemistry, cured most chronic diseases, even cancer. In the same (simple) way that lemon juice prevents a quartered apple from turning brown, high dose vitamin C prevents harmful oxidation from sapping the life out of today’s busy executive – and now we understand the mechanism Year after year I’ve watched CEOs come off high stress periods in their businesses and develop chronic illnesses, some …
“Black Swan” Moment: Seize Them Now
By: Verne Harnish “Growth Guy” Sept 21, 2010 1:00:00 AM ET It’s these “Black Swan” moments that drive the success of your company – these few times-in-alifetime events when the entire fate of the company is changed forever. “A key to our business model was driven by an offhand comment by a friend” exclaims Naomi Simson, founder and CEO of Sydney-based Red Balloon. It was a similar set of “customer clues” that drove a 60% increase in revenue for Roger Hardy’s Vancouver- based Coastal Contacts. It’s these “Black Swan” moments that drive the success of your company – these few times-in-a-lifetime events when the …
Strategy: Stay Focused and Open
By: Verne Harnish “Growth Guy” Jun 1, 2010 1:00:00 AM ET Shortly before Facebook announced that it was planning to go public, founder Mark Zuckerberg asked employees from around the world to attend a meeting at the company’s new headquarters in Menlo Park, Calif. Around 2,000 of them gathered under a big white tent on the lawn, as Fortune writers Miguel Helft and Jessi Hempel reported in their compelling story in the March 19 edition. Everyone thought Zuckerberg was going to talk about the impending IPO, but the 27-year-old CEO surprised them all. Instead, as Fortune reported, the gathering was to discuss priorities for 2012. …