42. Minimum Standards

Standards. We live in a world of standards. We apply standards to everything: accounting, the environment, quality, behavior, health, safety, employment, trade, professionalism, food, transportation, technology, and the list goes on and on. We have standards we have to meet at work, standards we have to meet at home, and standards we set for ourselves and those we apply to others. Everything has a standard because everyone has a standard they apply to everything.

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41. No MAT for YOU

In today’s podcast I talk about something that affects about ten percent of workers in America: Substance use disorder. I’m not just talking about any worker, either, I’m talking about physicians who suffer from addiction.

Many organizations have employee assistance programs to help workers who need help with addiction. However, there’s disparity in treatment options available to the average worker compared to some professionals, specifically doctors.

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40. Realize Your Passion

You know what I think about achieving goals? Everyone has a passion for something, a powerful, compelling drive to achieve a goal. I saw a meme recently that speaks to this quite well:

“When it’s time to fight, you fight like you’re the third monkey on the ramp to Noah’s ark…and brother it’s starting to rain.”

If you’re passionate about something, you’re willing to fight for it. You don’t take “no” for an answer and you won’t let anything stand in your way. The fight can be a hard one or easy depending on the process you employ in realizing your passion.

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39. The Truth in Business Ethics

You know what I think about business ethics? It’s the topic of today’s episode and is in three parts. In relation to business ethics, the term ‘ordinary decency’ refers to the moral standing of an organization where honesty and fairness, a refraining from coercion and physical violence, and a respect for the law are its guiding principles. The cornerstone of this principle is honesty and honesty is built on truth.

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38. Responsive Supply Chains

You know what I think about supply chain management? The ultimate goal of SCM is interenterprise integration and the goal of interenterprise integration is reducing inventory, production, and distribution costs. So, how do companies achieve these goals?

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37. Change Management

You know what I think about change management? There are a number of change management theories and processes “on the books” today. And each and every one are more or less just variations of Kurt Lewin’s foundational three phase change process of unfreezing, transitioning, and refreezing. In this podcast, I share various techniques manager’s utilize in carrying out Lewin’s change model.

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36. The Hypercompetition Paradox

Hypercompetition is a state of perpetual change in the rules of competition within an industry. Since these rules are in a constant state of flux, organizations can’t sustain competitive advantage forcing them to vigorously and continuously compete in cost and quality, timing and know-how, strongholds and market invasion, and the deep pockets of competitors. Requiring a constant reinventing of competitive advantage, an organization achieves the greatest advantage by competing against its own areas of strength. But in a global economy, this can result in an exhausting treadmill.

35. Be Like Water

You know what I think about strategy? In this episode I share some thoughts on developing business strategy. Sun Tzu taught us centuries ago that gaining a competitive advantage comes during the planning stage, not with the execution of the plan. For once the plan is put in motion, our strategy becomes apparent.

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34. Motivating Employees

You know what I think about motivation? Anyone can be motivated and motivating others is a skill that can be learned. Motivation is an essential ingredient for effective performance and how well employees perform will determine the organizations success or failure. In this podcast I share some employee motivation techniques and some advice on employee engagement to increase motivation.

33. Ten Rules For e-Business Success

You know what I think about e-business strategy? According to e-commerce analytics firm, Ever Merchant, e-commerce generates almost 2 and a half million dollars every minute.. Think about that number for a second: Two and a half million dollars. Almost two million of those sales are done over the desktop, while the remaining 500 thousand dollars are generated over mobile device. Almost 1.4 million dollars is spent on credit, debit, prepaid, and store cards, and just over a million dollars are alternative payments, like e-wallets, direct debits, bank transfer, or cod. It’s not surprising that Amazon soaks up almost 200 thousand dollars a minute all by itself, while eBay does 150 thousand, and Apple processes about 36 thousand dollars every minute. And let’s not forget social media, which generates a ton of sales, with Facebook bringing in 11 thousand dollars a minute, and Pinterest and Twitter bringing in just under 10 thousand, each. Without a doubt, the Internet is a powerful tool to facilitate commerce, but to be truly effective, it must be in the forefront of business strategy.