How do you hang onto your brightest young talent and prepare them to lead? Simple: Recruit your more experienced employees to help coach and guide them. Decide Why You Want a Mentor Program...
Relatively stable and foreigner-friendly, these growing mid-size markets offer expansion opportunities in regions less vulnerable to the current global economic slowdown. .expansionPic { width:324px; float:right; margin:0px 0 10px 10px; padding:5px 5px 0; background:#edece7; border:1px solid #d4d4d4; } * html .expansionPic { display:inline; margin-top:20px;} .expansionPic p...
The world’s largest foreign markets are all growing — and making it easier for western companies to join their economies. .expansionPic { width:324px; float:right; margin:0px 0 10px 10px; padding:5px 5px 0; background:#edece7; border:1px solid #d4d4d4; } * html .expansionPic { display:inline; margin-top:20px;} .expansionPic p {...
Thanks to job growth and newfound political stability, these smaller markets present a big opportunity for U.S. and other western companies to expand. .expansionPic { width:324px; float:right; margin:0px 0 10px 10px; padding:5px 5px 0; background:#edece7; border:1px solid #d4d4d4; } * html .expansionPic { display:inline; margin-top:20px;} ...
One chronic underperformer can hold back an entire team. Here's how to let someone go with professionalism—and compassion.Is one of your workers holding back the rest of your team? If you've given them plenty of chances to improve and things just aren't working out, it's time to consider another option:...
Don't just sell to them—learn from them! Crowdsourcing is the new way to turn your most passionate customers into a powerful talent resource.Crowdsourcing is the practice of tapping members of the general public to perform important business tasks such as research, product development, and marketing. With the advent of Web-based...
Companies like P&G, Chipotle, O'Reilly, and Threadless are using the wisdom of crowds to solve old problems in innovative ways. Procter & Gamble: Consumer products manufacturer Crowdsourcing Task: Research & Development During a 2002 Procter &...
Letting an employee go can make your feel like the angel of death. Here's how three managers cope with the realities of bearing bad news. James Wright Position: Partner at IT staffing firm Bridge Technical Solutions. Experience: In the 1990s,...
As workers become more knowledgeable about their rights, the number of wrongful-termination lawsuits is on the rise. Here's how you can avoid legal trouble when firing an employee. Title VII of the Civil Rights Act of 1964 Also known as: Title VII...
America's top aerospace firm tapped the wisdom of its global suppliers to design the new 787 Dreamliner. Preparing a model of the 787 Dreamliner for a wind-tunnel test. Boeing enlisted 100 of its suppliers to help design the plane. ...
Forced ranking is a controversial workforce management tool that uses intense yearly evaluations to identify a company's best and worst performing employees. Why It Matters Now Although most large organizations refuse to publicly discuss or even confirm whether they're using some form of forced ranking, as many as...
Despite the jargony name, crowdsourcing is a very real and important business idea. The basic idea is to tap into the collective intelligence of the public at large to complete business-related tasks that a company would normally either perform itself or outsource to a third-party provider. ...
Donald Trump makes it look easy, but the words you're fired are always difficult to say. Here's how to let an employee go the right way, breaking the news firmly but gently so you can get your team back on track. Treat Dismissal As an...
Crowdsourcing is a technique that sophisticated companies use to translate the enthusiasm of their most highly-engaged customers into valuable marketing. Decide If You Really Care What Your Customers Think GOAL: Engage in a true dialog with your customers, or don't bother at all. ...
So let's say this whole alternative-energy craze inspires you and me to rethink our energy consumption. Who can we call to help change our carbon-choked ways? At the moment, that's problematic. We'd need to find a mom-and-pop solar dealer or maybe a local electrician or construction guy who understands the...
It has been more than a decade since Patagonia gave us fleece jackets made from recycled soda bottles. Since then, the greening of outdoor gear has gone both high tech and haute cuisine. Timberland , the $1.6 billion apparel company, will introduce the equivalent of nutritional labels for...
When Himabindu Marichetty showed up to talk about a job at software development firm Virtusa in Hyderabad, India, the 24-year-old college grad wore a traditional Asian outfit called a salwar kameez and brought a résumé, her handbag--and her father. Marichetty's father didn't negotiate for her, but he did...
How to save the world and make a fortune? Come up with an alternative to petroleum. Countless companies, backed by billions in investments, are trying. Here's how some of the more esoteric efforts stack up. Dyadic International Jupiter, FL Proposition: Improve efficiency of corn-based ethanol production with...
Lyndon "Duke" Hanson knew he and his partners had hit on something big when the fire marshal at the Fort Lauderdale, Florida, boat show started yelling that the crowd gathered around their Crocs' shoe booth was blocking the aisles. Hanson was tossing pairs of his company's colorful boating shoes at...
It's the great "aha" moment every entrepreneur seeks: You've come up with an idea that no one else has thought of--one that ultimately gets off the ground and really flies. Everybody has ideas, but how do you come up with those million-dollar ideas that translate into big business? ...
Articles 2006-02-01
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