Monday, September 30, 2019

Bounce!

When you run a growing business, some days are good and some days are awful.  The key to achieving success is developing resiliency or the ability to bounce, no matter what comes your way.
To bolster your spirit and boost your inner strength, give these resilience quotes a read—and then carry on, or bounce :-)!

Monday, September 23, 2019

The Desire to Build a Female Internet

The serial dating entrepreneur, Bumble CEO Whitney Wolfe Herd, wants nothing less than to “change thousands of years of behavior” between men and women. But first, she has to get a lot more women (and men) to see things her way.

She says:
“We’re not one of our competitors that’s just trying to hook people up,” says Whitney Wolfe Herd, the 30-year-old CEO of Bumble, the online dating platform where women have to initiate potential interest. “We’re trying to say, ‘Let’s change thousands of years of behavior. Globally.’ Do you see why this is so challenging?”
See how Whitney wants to change the world or at the very least, create equality.

Monday, September 16, 2019

16th Annual WPO Chicago Summit 2019 on Artificial Intelligence Rocked!

There are so many people to thank who contributed to the success of our 16th Annual WPO Chicago Summit 2019 on "Artificial Intelligence:  What It Is and Why It Matters for Your Business," and if I fail to mention anyone, please pardon my oversight.

WPO Chicago Steering Committee Members:
  • Chaoran Jin, Keystone Capital
  • AJ Goehle, Luci Creative
  • Teri Sharp, American Precision Supply
  • Xza Higgins, Parent & Co.
  • Ralph Jacobsen, IBM
Speakers:
  • Sue Hallen, IBM
  • Ann Yeung, Northwestern Mutual
  • Dale Miller, Visionati
Other important people who contributed to our winning program:
  • Sally Roessler, IBM
  • Laura Fairman, Blue Canvas Inc.
  • Tomi Jane DeTorres, Women Presidents' Organization
  • All our sponsors, especially IBM for hosting our event in their magnificent Innovation Center!
  • All our members who participated in the program!
We look forward to seeing everyone again at next year's 17th Annual WPO Chicago Summit!

Photos courtesy:  ©2019 Laurel J. Delaney.  All rights reserved.

Monday, September 09, 2019

Are You (Unintentionally) Sabotaging Your Business?

The following article by Stefan Theme, William Barclay Harding Professor of Business Administration at Harvard Business School, is complicated (5-minute read) yet it is insightful when it gets to the 10 points that can lead to sabotaging your business.
  1. “Insist on doing everything through ‘channels.’ Never permit shortcuts to be taken in order to expedite decisions.”
  2. “Make ‘speeches.’ Talk as frequently as possible and at great length. Illustrate your ‘points’ by long anecdotes and accounts of personal experiences.”
  3. “When possible, refer all matters to committees, for ‘further study and consideration.’ Attempt to make the committees as large as possible — never less than five.”
  4. “Bring up irrelevant issues as frequently as possible.”
  5. “Haggle over precise wordings of communications, minutes, resolutions.”
  6. “Refer back to matters decided upon at the last meeting and attempt to reopen the question of the advisability of that decision.”
  7. “Advocate ‘caution.’ Be ‘reasonable’ and urge your fellow conferees to be ‘reasonable’ and avoid haste, which might result in embarrassments or difficulties later on.”
  8. “Be worried about the propriety of any decision — raise the question of whether such action as is contemplated lies within the jurisdiction of the group or whether it might conflict with the policy of some higher echelon.”
  9. “To lower morale and with it, production, be pleasant to inefficient workers; give them undeserved promotions. Discriminate against efficient workers; complain unjustly about their work.”
  10. “Hold conferences when there is more critical work to be done.”
The lesson here, says Theme, is that some of the biggest threats to organizational performance can and do come from within.

Could that be you at your firm?  Read the entire article at MIT Sloan Management Review.

Monday, September 02, 2019

What's Your Victory Hour?

Do you have a particular hour when you wake up and feel more energized and productive?  Robin Sharma thinks we all do and the earlier we rise the better to find your victory hour.
I [Scott Bedgood] blazed through his [Robin Sharma's] newest book, The 5 AM Club, in a few days before speaking with him. Told in parable form, the story features four central characters: The Spellbinder, The Homeless Man/Billionaire, The Artist, and The Entrepreneur. Through the course of the book, the Artist and the Entrepreneur go through a complete life change due to the teachings of The Spellbinder and Billionaire characters. The main point of their lessons is, of course, that the two should get up at 5 a.m. and structure their days according to Sharma’s formulas.
For a lesson or two on how to exercise, reflect, and grow, study up on whether joining the 5 AM Club will change your life.