Archive for October, 2008.
By Mike Myatt, Chief Strategy Officer, N2growth
Measuring innovation is where the rubber meets the road. While it’s very easy to wax eloquent about innovation, I’ve found that for most companies, measuring innovation is quite a tall order. Moreover, even for those organizations that do measure innovation, are they measuring the right metrics, for the right reasons? I’ve authored many posts on the topic of innovation, and have lectured often on the necessity for executives to completely embrace innovation as a core focus area. The power of innovation to totally transform a mediocre business into a category dominant company is really only deniable by the ignorant or the prejudiced. However even those businesses that embrace the concept in theoretical fashion can fail to implement productive innovation management programs if they do not understand how to measure its impact. In today’s post I’ll address how to measure innovation…
Posted on October 30th, 2008 by admin in
Leadership
By Mike Myatt, Chief Strategy Officer, N2growth
Bill Clinton gets it wrong again…During a campaign rally in Orlando last night in which Bill Clinton was introducing Barack Obama, he built his warm-up speech around what he called “the four things that really matter in a president.” According to Bill Clinton, the four things it takes to be a great president are: 1) Philosophy; 2) Policies; 3) Ability to make a Decision, and; 4) The ability to Execute on Decisions. Wow…What about Character, Integrity, Track Record, Service Above Self, etc. (see “Leadership DNA“).
By Mike Myatt, Chief Strategy Officer, N2growth
Increasing sales in a down economy should be a subject near and dear to the heart of all those that read this blog. Few things are as important in today’s economy as building your sales funnel and increasing revenue. It is no wonder that amongst the most frequent e-mail inquiries I receive each week are messages asking for suggestions about how to increase sales. This week I received an e-mail with an interesting twist on the age old topic…Perhaps a sign of the times, the question was: “What is the fastest way to increase sales?” The message was sent in from the CEO of a mid-market company whose sales have been flat for the last few quarters. The introduction of speed into the equation gives me a chance to put a fresh spin on an often over-discussed, but nonetheless mission critical topic…
By Mike Myatt, Chief Strategy Officer, N2growth
“Can you provide any tips for modeling a winning compensation plan?” is today’s Myatt on Mondays question which was asked by a CFO of an Internet marketing company. While certainly a great question, I must admit that I have been reluctant to address the topic of compensation in previous posts as compensation theory is not only complex, but it often varies greatly based upon the situational realities of different workplace environments. That being said, there are definitely key elements which serve as the foundation for any well designed compensation plan which I’ll cover in today’s post…
By Mike Myatt, Chief Strategy Officer, N2growth
Please watch the above video and then join me in just saying no to Socialism. I don’t know about you, but last time I checked those of us residing in the United States of America live in a Democratic Republic underpinned by free market capitalism, and not a Socialist State. Barack Obama’s desire to play Robin Hood is not at all appealing to me. I don’t desire to have Mr. Obama determining how much of my income he is going to give away to others based upon his definition of “fair.” In the text that follows I’ll share some thoughts on why Mr. Obama’s plans are just plain wrong for Americans…
Posted on October 8th, 2008 by admin in
Rants
By Mike Myatt, Chief Strategy Officer, N2growth
Are CEOs getting a bad rap? In a word, yes. As a top ceo coach, I can tell you that CEOs are under siege…in fact, I would go so far as to say that CEOs as an occupational class are in a state of crisis. I understand that Americans are upset about the economic debacle we find ourselves presently entangled in. I’m upset and outraged as well. What’s frustrating to most is that there are many more questions being posed than answers being given at this point in time. We’ve entered the blame zone of rash allegations and finger pointing in order to deflect responsibility. While I understand that no sane person could have watched the events of the last few weeks and not want to pin the blame on someone, simply assigning “villain” status to chief executives as a class because their compensation plans seem egregious to some is not the answer. In today’s post I’ll examine the issue of CEO Compensation and why I believe CEOs are unfairly being vilified.
By Mike Myatt, Chief Strategy Officer, N2growth
If deal transparency isn’t at the forefront of your M&A strategy, you might want to stop and do a bit of thinking. In some ways the world of corporate M&A is much the same as it was 20 years ago, and in other ways the events of the last few weeks have changed the landscape dramatically. The Bailout, the current capital and credit crunch, and the outcome of recent litigation have taken and already inefficient market and made it even more so. In today’s post I’ll share my observations as to what might be the single biggest trend that will influence how transactions will be closed in today’s changing marketplace…deal transparency.
While the majority of our readers are CEOs, savvy senior execs, and seasoned entrepreneurs, I’ve noticed that we’ve been experiencing a rapid growth of late in readership falling within the ranks of developing leaders. So when Phil Gerbyshack was kind enough to offer to do a guest post I was estatic! Phil has established himself as a prolific writer and speaker whose savvy is well beyond his years. Phil is the co-author of Help Desk Manager’s Crash Course, and offers advice for new managers at The Management Expert. He currently serves as a vice president for a financial services company headquartered in Milwaukee, WI. You can follow Phil on Twitter @PhilGerb. What I most appreciate about Phil is his passion for improving the lives of everyone he interacts with. I’ll believe you’ll see this shine through is his post below…enjoy!
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Increase Employee Engagement With More Fast FACE Time
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By Mike Myatt, Chief Strategy Officer, N2growth
Few would disagree that we’re in tough economic times…however it’s not the tough times, but how you choose to deal with them that’s important. There has been no shortage of unsettling news over the last few weeks. With disequilibrium in the capital and credit markets, tough times for the average American aren’t usually too far behind. Some of you reading today’s post have already felt the constraints associated with tough economic times. However rather than pen assuaging platitudes in an attempt to provide comfort, I want to provide you with simple and clear direction; Don’t panic, don’t quit, and most importantly get your head back in the game. I’m going to rely on the video above to communicate what I believe is a sound approach to dealing with the tough blows that life can dole out. If you find the above video inspirational, you might also enjoy a previous post using Michael Jordan as an example of the benefits of enduring and pressing through tough times…
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