Posts in Company Culture
How Investing in Your People Will Push You Past a Growth Plateau

There’s a quote that I love attributed to Mary Kay Ash, founder of the Mary Kay Cosmetics empire: “A company is only as good as the people it keeps.” In some form, this statement has been made many times and in many different ways. Elon Musk, CEO of Tesla, Inc., has a perspective that also rings true. “A company is a group organized to create a product or service, and it is only as good as its people and how excited they are about creating.”

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Integrating the Human Element in a Merger or Acquisition

Executives considering any type of merger or acquisition do their due diligence. They pore over balance sheets, scrutinize operational procedures, evaluate budgets and forecasts, and conduct numerous other analyses. But how often do they pause to consider the people. Bringing together two companies also brings together two sets of people. And the corporate cultures within which these people operate may be significantly different.

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A Simple Guide to Succession Planning

Historically, succession planning has been focused on key leadership roles. For example, when Jack Welch was the CEO of GE, the rule of thumb was three replacements for his role. In other words, there should be three people with the potential to replace him at any given time. This concept has been adapted and proven to be effective by a number of organizations. One that comes to mind is McDonalds, which survived the unexpected loss of two CEOs in a nine-month period.

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