Management

Beyond Flextime

August 11, 2008August 12, 2008 by Chris Banescu

Inc.com | by Scott Westcott | August 2008

For Linda Skoglund, getting a pedicure on a busy Tuesday afternoon was a career turning point. It ran against her Midwestern work ethic. And certainly, there was plenty of work piled up at J.A. Counter & Associates, the $2.5 million insurance and investment advisory firm she owns in New Richmond, Wisconsin. On the other hand, canceling her visit to the salon that day could have sent a bad message. It risked signaling to her 15 employees that they weren’t allowed to do whatever they wanted at any given time during work hours. And that would tank her plans to overhaul the work environment at J.A. Counter. [Read more…]

Key Characteristics of Great Leaders – Part II

June 21, 2008August 13, 2019 by Chris Banescu

Great Leaders Integrity, Honesty, Humility, Courage by Chris Banescu –
In this article I’m continuing with my review of the key characteristics of great leaders. Here are some additional qualities that embody superior leadership.

Great leaders surround themselves with greatness. They actively seek out the best possible people and hire them to fill all key positions within their organizations. Great leaders know that surrounding themselves with excellence is a direct reflection on their own character, abilities, and effectiveness as leaders. They understand that their own success and the success of their organizations depend mostly on hiring and promoting the best qualified, ethical, skilled, responsible, mature, and productive people and giving them the proper resources, authority, and freedom to do what’s needed for the long-term benefit of their companies. Great leaders do not feel threatened by anyone lower in the chain of command who’s smarter, better educated, more productive, or more popular than they are. They respect the greatness and unique abilities of the individuals they lead and encourage them to continually flourish and grow. [Read more…]

Breaking Through

January 20, 2008February 18, 2008 by Chris Banescu

Inc.com | by Mike Hofman | January 2008
How companies just like yours mushroomed into powerhouses in their industries. A conversation with Keith R. McFarland.

How do you create a breakthrough company? Where do you start?
First, I’d say that it’s not about being in a hot, sexy market. It’s not about having the coolest, hippest product. We came up with an index of companies that grew to a certain level both in terms of their annual revenue and in terms of their financial performance, compared with the rest of their industry. [Read more…]

Key Characteristics of Great Leaders – Part I

December 31, 2007August 13, 2019 by Chris Banescu

Great Leaders characteristics by Chris Banescu –
What are some key characteristics of a great leader? While many books and countless articles have been written about this subject, we continue to witness a significant shortage of great leaders in many companies and institutions. Here are some essential traits and skills that great leaders must possess.

Great leaders are people persons. They must like being around people, be comfortable talking to and listening to people, and know how to relate to them. Great leaders must know how to communicate with their employees, speak their language, and not talk down to them. This is essential. Anyone who is not comfortable being around people, or exhibits anti-social or narcissistic behavior, should not lead or be in charge of anyone. Bullies, sycophants, and loners never make great leaders, regardless of their level of intelligence, education, and capability.
[Read more…]

Truth in Organizations is Not a Matter of Opinion

October 3, 2007March 29, 2017 by Chris Banescu

Truth in Organizations, Truth in Business Telling the truth is too often overlooked in business. Truth is the catalyst that should inform all management decisions and actions. It’s the foundation on which trust and integrity rest. Truth is the critical prerequisite that enables management and employees to make ethical decisions in the day-to-day activities of an organization.

Now when I speak of “truth” I mean the objective reality of our lives that we can all categorically agree with. This includes facts and information that cannot be disputed and are universally true whether or not someone chooses to acknowledge them. Some examples include: two plus two always equals four, water is necessary to sustain life, man has landed on the moon, companies must be profitable to remain in business, in a vacuum light travels at precisely 186,282.397 miles per second, and only 0.037% of our atmosphere is made up of carbon dioxide.
[Read more…]

Mistreating Employees A Clear Sign of Management Troubles

August 28, 2007September 18, 2019 by Chris Banescu

During the glory days of the dot-com bubble I worked as director of web development at Homestore.com (now Move.com). Homestore ran Realtor.com, the largest real estate site on the web. Homestore’s management team was unable to capitalize on the unique position and strategic advantages the company had in the marketplace and squandered the resources and talent they were entrusted with.

Homestore com Logo old

The way executives reacted to the looming financial crisis of their own making is an illustrative case study in how not to conduct layoffs and how not to manage a company’s most important assets – its employees.
[Read more…]

Some Employees Are More Equal Than Others

July 7, 2007September 21, 2019 by Chris Banescu

Some Employees Are More Equal Than Others by Chris Banescu –
When I was younger I used to believe that getting a good education and working hard would offer me a stable life. I learned real quick that many companies don’t reward hard work anymore – at least not like I thought they should.

I believe in hard work. I think people should be rewarded on what they produce. But all too often the wrong people get promoted. Employees get preferential treatment and enjoy more benefits and opportunities as long as they don’t make any waves, toe the organizational line, and always support their bosses; no matter how incompetent, hypocritical, or abusive they are.

When we first come across such a dysfunctional work environment (especially early in our career), we are not sure what to make of it. We recognize that such preferential treatment of less qualified employees is neither ethical nor fair, but we don’t know how to handle it. [Read more…]