They strike fear into the hearts of business leaders everywhere: letters and summons from the IRS, EEOC, or litigation attorneys. Organizations can spend hundreds of hours and huge amounts of money defending against these accusations, which often come out of nowhere.
USA Today Business Editor Steven Strauss once wrote, “Cash flow is your business oxygen.” Indeed, business owners need ready access to liquid cash to make payroll for their employees, pay bills and keep their companies alive.
One thing many savvy business owners have done is to provide a retirement plan for their employees. Done right, there doesn’t have to be a huge cost on the front end for the business owner and there are potentially many benefits both personally for the owner and also for the business.
In a 2010 global fraud study, the Association of Certified Fraud Examiners (ACFE) determined that a typical organization loses 5 percent of its annual revenue to fraud and theft.
Walt Disney World employs nearly 60,000 “Cast Members,” the organization’s term for its employees, and entertains more than 16 million “guests,” or customers, annually.
In the current recession, being profitable and saving money are top priorities for many companies. Leaders are pushing staff to perform beyond their limits with fewer resources, and as they struggle to find shortcuts, employees may feel pressured to behave unethically
Walter Isaacson’s new biography (authorized by Steve Jobs before his death), sheds some light on Jobs' thought processes, visions, insight and philosophy.
If burnout goes unaddressed, entire companies can lose their zeal for building great products and services and keeping customers happy.