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TechTown 160x240 081212

The Employers Assoc (General)

Management Associ of Ill (General)
Features » Business Veteran Advice

Business Veteran Advice

- Judging by many of today’s corporate taglines and promises, you would assume these inspiring sound bites belong to nonprofit organizations.

- Why do businesses exist? The answer most businesspeople would give is “To make a profit.” To quote Peter Drucker, widely considered the father of modern management, “This answer is not only false, it is irrelevant. … In fact, the concept is worse than irrelevant: it does harm.”

- I’ve been spending an increasing amount of time with North American ‘business leaders’ over the last six months. With markets in turmoil, employees scared of layoffs and cutbacks, and increasing scrutiny by investors, many C-Level managers are feeling the weight of their companies and the associated stress increasing on a weekly basis.

- There are three parties at fault for the current economic crisis: the government which doubled our country’s debt to $ 10.5 trillion over the past eight years, companies which took too much risk and the public which spent too much money it did not own.

- The current economic downturn creates a ripe opportunity for proactive leaders to build powerful leadership skills and to explore new business strategies or sectors. Leaders who focus their energy on three key areas will not only survive the economic turmoil, but flourish in it.

- Many Michigan businesses are finding their greatest growth markets are outside of North America, including China and India.