Peter Drucker famously quipped that “Culture eats strategy for breakfast”. But maybe culture and strategy should just be friends and eat breakfast together. Culture All companies have an organizational culture, whether they focus on it or not. Culture is all about the attitude of the company, it’s beliefs and values. It influences how people behave. Companies like Google and Zappos have very...
"Employee engagement has become one of the most frequently cited buzzwords in the hR and l&d world, and with good reason. engaged employees are generally more productive, less likely to leave, and more aligned with, and committed to, the wider vision of the businesses in which they work. But creating a highly engaged workforce is no easy task. There is no...
Published July, 2015 A standard workweek is typically thought of as 40 hours, though many employees spend much more time than that at work. Employees who work more than 40 hours a week must be paid overtime under the Fair Labor Standards Act unless they meet certain exemption criteria. In very general terms, aside from jobs that are classified as exempt...
Managing the strategic financial direction of an organization is at the heart of the CFO role. CFOs are charged with making informed decisions regarding how to distribute an organization's assets in order to maximize value to customers and, therefore, generate profit. To that end, it is critical that CFOs stay informed about new and emerging business principles and management systems across all...
Value Based Economics I distinctly remember the day that I learned in one of my many business classes in college that the purpose of any business is to “maximize shareholder wealth”. The professor taught that the end goal of any company is to make more money for the owners. I operated under this premise for many years as I ventured into...
When user organizations outsource business functions to a service provider, the risks of the service organization become risks of the user entities. Organizations that use service providers want to ensure the integrity and security of the system and company to which they are entrusting their data. Accordingly, user organizations are increasingly demanding that their service providers undergo an audit that...