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Communication Tips

When I was growing up, my father used to tell me to, “Say what you mean and mean what you say.” It was a frequent lesson in our household, underscoring the importance of good communication under any circumstance.

When asked about key attributes of great leaders, being effective communicators always tops the list. Likewise relevant communication is the core of smart and profitable organizations. In fact, in academic settings, in sports, at home, or just out for a great time, communicating effectively is critical.

ACG NJ event: Private Equity and Family Owned Business A Match Made in Heaven or a Shotgun Wedding?

There are many different paths that a middle market, family-owned business can choose when it is time for a leadership transition.  The next generation of family members, external managers, and even employees can be tapped for a successful succession plan.

But often the option of working with a private equity investor is overlooked as a viable alternative.

Recognizing that there are challenges to working with a PE firm, family leaders often avoid this route – but nonetheless, private credit can be just the right choice under just the right circumstances.

Multi-Tasking is No Easy Task

In order to answer the question of why mindful practices matter at work, it helps to examine how and why the approach itself has gained such extraordinary attention and momentum in recent years.

Why the focus on mindfulness?

“Employees are Your Greatest Asset”

Business owners and senior leaders often say, “Our employees are our greatest asset.”  But exactly what does that mean? Everyone understands that an asset is something or someone useful or valuable. Why – or how – does this define the role of employees in a small to mid-size privately-owned company, nonprofit or large, public corporation?  

There are two key ways that employees can add value to their employers.

Employees have their finger on the pulse of the company

Measure What Matters

In Measure What Matters, author John Doerr reminds his readers of some pretty discouraging statistics based in part on Gallup surveys that present the same scenario year after year. He notes that, “Worldwide employee engagement is in a crisis.” He goes on to back up that statement, observing that “Less than a third of U.S. workers are involved in, enthusiastic about, and committed to their work and workplace.” Of those disengaged millions, the author says that more than half would leave their company for a raise of 20% or less!

Enjoy the Cup of Tea

On a rainy October day, I sat in a meeting with a woman who, while I sat across from her, was responding to emails on her desktop, troubleshooting texts from her son’s teacher, answering the phone calls that her assistant put through all while scarfing down a poor excuse for a salad. If I did not see it with my own eyes, I would not believe this is how she conducted a meeting. The crazy part is that when later that day I told a friend about the experience, there was no shock or surprise. As if this has become normal accepted behavior.   

How Can You Make a Merger Work and Why You Should!

In today’s complicated and congested corporate and nonprofit communities, mergers, alliances, and collaborations are taking center stage.  Everyone from funders, donors and volunteers to investment bankers and business consultants are advising their clients – from large and small-to-mid-sized corporations to nonprofit organizations - to consider the power and advantages of merging.

Effective Branding Strategies

In this third and final blog I will focus on the ability of great companies to employ effective branding communications strategies. These are the tools they need to help build and reinforce their reputations in order to attract and retain the best employees and best customers over time.

Marketing strategies that work

There is only one place to begin a discussion on marketing. That is to focus on customer service and the commitment of the company to its current customers.

Strong Culture is Essential

In this second of a series of blogs regarding characteristics of successful companies I will focus on the valuable role of the company’s culture.

What is a corporate culture?

The concept of ‘culture’ reflects the ability of a company or a nonprofit to define itself by the shared customs, institutions, processes, goals, values and achievements that everyone in the company embraces. By having a common set of stated core beliefs, the company  can behave more consistently and reliably.

Teamwork builds cultures

Strong Leadership = Successful Company

Successful companies and professional service firms of all sizes share many common characteristics. These characteristics include confident and well-regarded leaders, a strong employee-focused culture and effective branding and marketing communications.  Over the next three weeks we will share insights and best practices in each of these three areas and their positive impact on today’s corporate and privately-held businesses.

I will begin Blog #1 by addressing ‘powerful leadership.’

Defining leadership characteristics