This is part 2 of a two-part series; view part 1 here. Horst Schulze doesn’t really think outside the box; he creates new boxes. One of those boxes became The Ritz-Carlton Hotel Company, a global icon of excellence that has inspired business leaders worldwide with its credo of “ladies and gentlemen serving ladies and gentlemen,”
CEO
Tax planning is a crucial consideration for business owners. With the Tax Cuts and Jobs Act setting to expire in a few short years, now is a good time to rethink how it can impact you once tax season rolls around. One of the biggest benefits of TCJA is its change to estate tax exemptions.
The technology sector experienced unprecedented growth in 2020 and 2021, but this year has proven that growth was inevitably going to slow. Global recession is looming, and governments are doing everything they can to support local businesses. But cross-border e-commerce growth is still possible with the right tools and mindset. The past few years have
Editor’s Note: As we were working to put together a feature for the next issue of Chief Executive, asking some of the best leaders and leadership experts in the world for sound advice to help CEOs over the long haul, we spoke recently with Frances Hesselbein, Chair of The Frances Hesselbein Leadership Forum at the
Several years ago, I was speaking to an investment manager who constantly delivered a good and steady financial performance. I asked him what his investment principles were. One of them, he said, was that he never invested in anything that was labeled as ‘exciting.’ His view was that exciting things were all too often hype
As the war on talent intensifies into 2023, companies are increasingly looking to access a highly qualified talent pool and pipeline for nearly any expansion, relocation and new development efforts. Michigan is well-positioned to provide a responsive, enthusiastic and capable workforce, thanks to its understanding of the current talent landscape and its private-public collaboration opportunities.
When companies as widely recognized and well established as Boeing, Walmart, and IBM start moving in a similar direction on something, it’s safe to say the idea has legs. In this case, companies are looking towards skills-based hiring in tandem with degree-based hiring. The idea here is for companies to remove “must-have” barriers around hiring—such
Here’s a question: where do you speak about strategy issues when you don’t know exactly what it is you want to say? Certainly not in the board room or at a company presentation. Probably not even in front of your senior leadership team or even in a one-to-one meeting with a key report. You’re supposed
The Great Resignation has proved problematic for many employers. Meanwhile “quiet quitting”—where employees do the bare minimum as a protest over feeling underappreciated—has become a big issue. But the solution for both really isn’t that elusive or far away. If leaders of those affected companies changed their approach and focused more on the employee experience,
Making sure employees have everything they need to progress their career and stay with our company is of great importance to me. Against the backdrop of the Great Resignation, I know there’s no place for complacency. However, it’s becoming more evident that a happy workplace isn’t only about career opportunity. It’s also about providing the
We know that gender equality remains a huge problem for businesses, but for real change to occur, the drive has to come from the top. So, firstly, why is this important? The case for diversity, equity and inclusion in the workplace is considerable, not only from a moral perspective, but because it simply makes good
In order to contribute at the highest level, salespeople need to understand and follow a clear system – also known as a sales process. Most CEOs we work with get this. What they sometimes struggle with, however, is the related principle that in order to succeed as a sales leader, it’s just as important to
Joe Smolarski is well aware, as most senior leaders are by now, that the U.S. is experiencing a dramatic skills shortage and that the balance of power has shifted from employers to employees, with the latter able to command higher paychecks and more flexible hours. He has heard the dire predictions for companies—and particularly tech
According to an October 2022 Zippia study, 26% of U.S. employees work remotely, and remote jobs make up 15% of all work opportunities. It also mentions that sales are one of the top industries for remote workers. As a sales manager or company owner, embracing the remote selling trend is imperative. While doing so, there
Cheating has been part of human behavior forever. A systematic look at cheating in baseball offers insights into why it is sometimes particularly prevalent and ideas on how to control it. In baseball, cheating became common once sporting clubs first started playing competitively in the 1850s. Teams unfairly grabbed ringers from neighboring clubs, occasionally paying
The last few years have seen unprecedented disruptions in how, when and even why we work. As we look to 2023, Korn Ferry talent acquisition experts offer their thoughts on what the coming year will bring to the job market. 1. Moving around – but not out. Thanks to an uncertain job market, professionals are
Pragmatic, rather than disruptive innovation, is what is driving companies forward. There’s only one word that may be buzzier than “recession,” one that strikes even more fear into the hearts of executives across industries: It’s all about disruption these days, isn’t it? I don’t think so. Just because disruption is taking place, it doesn’t mean that
According to various studies anywhere from 25% to as many as 55% of startups fail due to poor team management. The first step of good management is selecting the right people for the team. This task often keeps first-time founders and managers awake. Their main goal up until now has been to create a unique
We could all use a confidence boost these days – especially with how fast life is moving around us. Think about the last compliment you got from a friend, colleague or even from the boss. How did it feel? Great, right? That’s exactly how I feel every time I connect with my leadership coach –
As I reflect one year in as a first-time Chief People Officer (CPO), from day one, I never saw any reason why I shouldn’t be looking through the same lens of business impact as my peers on the senior leadership team. In fact, I saw it as the only way to go about my role.
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