Monday, January 31, 2022

Giving Feedback As a Leader

Giving negative feedback is a critical component of effective leadership — but while the benefits of receiving constructive criticism are clear, it’s less obvious how giving such feedback impacts leaders. While some leaders enjoy giving negative feedback (I'm not one), one survey found that 44% of managers find it stressful or difficult. 

Here are several strategies for organizations to better support both high- and low-empathy leaders, including encouraging more-empathetic leaders to take breaks after giving negative feedback and training less-empathetic leaders on techniques for delivering feedback more compassionately.

Monday, January 24, 2022

Summing Up 30 Years of Insights Studying Corporate Culture

Harvard Business School professor emeritus James Heskett, now 88, is still making the business case for corporate culture.  He's summeds up the insights he’s gleaned in more than 30 years of studying corporate culture in his new book, Win From Within:  Build Organizational Culture for Competitive Advantage.

“Strategy is hard; culture is soft,” Heskett writes, beginning a list of common misconceptions. “The impact of a strategy on growth and profit can be measured, but that of a culture cannot. If you get the core values shared by everyone right, the rest will take care of itself. A strong culture helps assure good performance. To change an organization’s culture requires a long time. All of these assertions have been passed around in management circles over the years. And all of them are essentially wrong.”

Heskett’s thesis:  most leaders don’t devote nearly enough time to managing the culture of their companies, and the time that they do spend on it is often wasted.

Is that you?  

Follow Heskett's lead and "live the culture."  Because meaningful change, like many things, begins at the top.

Monday, January 17, 2022

Asynchronous Work and What It Means

Companies are waking up to the current problems with distributed work and see the need for more flexible solutions.  A veteran Googler, Kenzo Fong, who founded messaging app Rock maintains that operating asynchronously lets work get done on time. People are less stressed and it allows for a wider talent pool, too.

Fong says that asynchronous, in short, is when work happens for different people on their own time.

Work gets done on time, people are less stressed, and it allows for a wider talent pool. With an asynchronous work style, companies can hire literally from anywhere in any time zone and are not limited by geography.

Read:  The future of work is asynchronous to rethink how we work.

Monday, January 10, 2022

A Growth Mindset Will Make a Difference in 2022

Julia Pimsleur believes that some women meet their goals and become successful while others get in their own way and stop themselves in their tracks.  Why is that?  "It is all about one word – mindset," explains Pimsleur, a trained mindset coach.

Read on to see if you have the right growth mindset for success in 2022.

Monday, January 03, 2022

Embrace 2022 With Productivity Tools and Tips For Hybrid Teams

Have you decided to make your hybrid office a permanent protocol? Now, how should you adjust your online setup? Are you using Slack too much or not enough? Should you replace Miro with MindMeister, or vice versa? So many tools, so little time. 

Learn what Nick Wolny over at Fast Company has to say about all this.  He provides a few foundational processes to streamline for the coming hybrid year.



Monday, December 13, 2021

Exit Strategy Options

Exit strategies come in several forms – selling to a strategic buyer, a merger and acquisition (M&A) or the issuing of an IPO.

An exit strategy should also bring optimum results for the business owner and therefore a carefully calculated plan has to be executed to unlock the value of the company.

Check out some viable exit strategies:  crucial plans for all business owners.

Monday, December 06, 2021

Monday, November 29, 2021

Million-Dollar Business Owner Gets Creative During the Pandemic

Tiffany Williams, founder of Rich Girl Collective saw an opportunity. She launched her business to teach women how to start online businesses that have the potential to replace their full-time income, so they can leave the nine-to-five. “A lot of people were home. They realized, ‘I need a backup plan,’” says Williams.

As Elaine Pofelt reports for Forbes:

When the pandemic hit, many people finally decided to act on business ideas that had been percolating for months or years. Some were looking to keep busy while stuck at home during lockdowns; others were laid off and needed to create their own jobs. U.S. business formations increased by nearly 42% in 2020, according to the U.S. Census Bureau. 

Read on to see what Tiffany does to keep on cranking to grow her business.  She says she typically develops her products in response to requests from her community. “They keep asking, I keep creating.  Cool.

Monday, November 22, 2021

Addressing Gaps Between Men and Women Entrepreneurs Worldwide

For 23 years, the Global Entrepreneurship Monitor (GEM) has provided data to guide policymakers' decisions. The latest GEM report focusing on women offers insights into many aspects of entrepreneurship.

With an estimated 274 million women involved in business startups worldwide, they are a force that can drive post-pandemic recovery globally, according to 2020/21 Women's Entrepreneurship Report: Thriving through Crisis.

Read on to discover the key findings on the report from Geri Stengel, Forbes contributor and president of Ventureneer.

Monday, November 15, 2021

Best Business Books 2021 By strategy+business

Writers from strategy+business choose the best books of the year (2021) in seven genres.

In this, our [strategy+business] 21st edition of Best Business Books, our stalwart crew of reviewers have distilled recommendations guaranteed not only to pique your interest and pass the time, but to make you a better leader, coworker, and trendsurfer.

Read on.

Monday, November 08, 2021

As a CEO, Do You Need to Develop Your Own Personal Brand?

Most WPO members realize the value of establishing a strong and memorable brand for their company or product, but how important is it to develop a brand for yourself as an individual business owner?

Do you really need to develop a strong personal brand to have a successful startup or small business?

It depends.  Read on.

Monday, November 01, 2021

How to Develop a High Impact Dream Team

The best leaders don’t just stumble upon dream teams; they know how to build a dream team, even under challenging circumstances.

These five leadership habits will encourage the right behavior in a team—the first two establish an environment of safety; the last three provide stretch.

Monday, October 25, 2021

Three Attainable Strategies for Taking Better Care of Yourself

According to CEO Thrive Global Arianna Huffington, economic theory has a whole to do with sleep.

It's simple: When you don't get enough sleep, you have to contend with diminishing returns and opportunity cost--the physical toll of tiredness doesn't allow you to operate at your greatest capacity.

Burnout among founders is a serious problem – and it can be one that's hard to talk about.

Here are three of Arianna's standout lessons for how to make mental health a priority in your life and at your company.

Monday, October 18, 2021

In Search of a Meaningful Life

Paul Bloom, a professor of psychology at the University of Toronto, shares a magnificent essay on why we choose to suffer.  Yes, I know, that sounds awful.  Yet in search for a meaningful life, simple seeking pleasure isn't enough.  We need to struggle and sacrifice.

The essay is adapted from his new book, “The Sweet Spot: The Pleasures of Suffering and the Search for Meaning,” which will be published on Nov. 2 by Ecco.  It's worth reading every single word.

Monday, October 11, 2021

How 3 Chicago Business Owners Tackled the Global Pandemic Successfully

©2021 Enterprising Women Magazine.
Whether it's building a strong remote technology and communication infrastructure, acknowledging the emotional needs of your employees or cultivating a reinvention mindset, these three (3) Chicago business owners who happen to be WPO members too are fearless in carving out a successful future for their businesses.

Read:  How 3 Chicago Business Owners Tackled the Global Pandemic Successfully – published in Enterprising Women Magazine (fall edition 2021).

Monday, October 04, 2021

LIVE From Nashville, the 24th Annual WPO Conference 2021!

This year's exciting theme is:  Sounds of Success

After a long stretch of virtual meetings, this year’s WPO's conference is designed to give you more time to engage and build relationships with chapter chairs, sponsors and other members.

Join WPO to discover knowledge, connections, and inspiration that will help you amplify your impact as a business leader.

Watch all our social media channels for updates – LinkedIn, Twitter, blog and website.  

Monday, September 27, 2021

What Are the Systemic Difficulties That Women Face Today?

Few business leaders will openly state that they have little interest in a more gender-equal world. However, the gap between intention and outcome illustrates that nowhere near enough decisive action has been taken to make this the case.

Women founders face obstacles across the board.

The problem lies not in the fact that women don’t want to build million-dollar businesses, but in the disconnect between our dreams and the industry support we receive — or lack thereof. As the world embraces a new way of working and strategizes for a post-pandemic world, it’s vital to investigate new ways of supporting women’s entrepreneurship. Here are the key questions that we need to ask — and how we can go about resolving them.

Learn how to create a gender-equitable startup landscape and more.

Monday, September 20, 2021

Are You Ready to Lead a Hybrid Team?

There are many challenges a hybrid workforce leader must address and overcome if they want to lead a high-performing, agile team.

Leading a high-performance, engaged hybrid team requires that the employee experience is the same whether team members are in the office two days a week, five, or never. Leaders of today’s workforce must emphasize inclusion, eliminate ambiguity, ensure accountability, and support their team members’ social needs.

Here’s how.

Monday, September 13, 2021

18th Annual WPO Chicago Summit 2021 a Smashing Success!

©Laurel J. Delaney.  All rights reserved.
Thank you for attending our 18th Annual WPO Chicago Summit hosted via Zoom September 9, 2021.  We had a wonderful program and learned how to boost a brand for yourself and for your business.  In addition, we had a chance to get to know one another better to deepen our WPO relationships, which we all value.   

We thank SimplyBe. CEO Jessica Zweig for her keynote presentation and Bryan Carter for his fine assistance.
 
We thank all of our sponsors who support WPO.   
Special thanks to our virtual host Foley & Lardner – Chicago members Lauren Loew and Ellen Wheeler.
Much appreciation to our WPO Chicago Steering Committee members: Karolyn Raphael, President, Winger Marketing (Chicago I), AJ Goehle, CEO, Luci Creative (Chicago I) and Genevieve Custer Weeks, Founder, Tutu School Franchises (Chicago II). Without their help, this program would not have been possible.  
Lastly, a shout out to designer Laura Fairman for her great work on the graphic!

Looking forward to next year's Summit and meanwhile, stay in good touch!