According to Gladwell, the tipping point is the moment at which “an idea, trend, or social behavior crosses a threshold, tips, and spreads like wildfire..” Recently, HRB was engaged by an ESOP. An employee stock ownership company (ESOP) is an employee-stock owner program that provides a company’s workforce with an ownership interest in the company. [Continue Reading]
The One Best Way
Sunday’s sermon was about the workers and the vineyard, Matthew 20:1-16. “A landowner who went out early in the morning to hire workers for his vineyard. 2 He agreed to pay them a denarius[a] for the day and sent them into his vineyard. 3 “About nine in the morning he went out and saw others standing in [Continue Reading]
Great Moments
“Great moments are born from great opportunity.” Family businesses often do not recognize great opportunity. We get satisfied, but what is satisfied? In today’s business each unit must practice continuous improvement. Success can be a reality. Be careful its effects are temporary. Often in small business, Family Owned Business, Women owned businesses and even big [Continue Reading]
3 Thoughts on Object Permanence in your Family Business Culture
Standards in the Family Business Jean Piaget was a Swiss developmental psychologist and philosopher known for his epistemological studies with children. His theory of cognitive development and epistemological view are together called “genetic epistemology”. One of Piaget’s theories discusses objective permanence. Object permanence is the understanding that objects continue to exist even when they cannot be observed [Continue Reading]
Things that Get Measured
The next time tells you we don’t make anything anymore in the USA; invite them to a take a foundry tour. What gets measured gets done. — Tom Peters A foundry is a factory that produces metal castings. Metals are cast into shapes by melting them into a liquid, pouring the metal in a mold, [Continue Reading]
Family Business and Chaos Theory
Family Business and Chaos Theory. Our Team continued to work at the family’s manufacturing plant. Improvement is difficult without stability. Do you know anything about the chaos theory? It has to do with fractal mathematics. A fractal is a natural phenomenon or a mathematical set that exhibits a repeating pattern that displays at every [Continue Reading]
Top three Reasons for Tempo in Family Business
Family businesses need tempo. Generational businesses have a rhythm a pace and often need an allegro fast, quickly, bright . Tempo is defined as rate of pace. In music Tempo is is the speed or pace of a given piece. Going too fast or too slow is referred to as “rushing and dragging.” In [Continue Reading]
Does your Business do Lookahead planning?
Lookahead planning is an often overlooked phase in project/program management. Many times Family businesses do little look-ahead planning. Lookahead Planning establishes a way forward, a schedule, based on input from the stakeholders, that creates realistic guidelines to meet the objectives of the project. Evolution is a relentless process that seems to keep going and [Continue Reading]