Monday Mornings with Madison

Yearly Archives:
2021

Just How Important is Teamwork in Business? Part 2

Ever wonder why managers and leaders constantly push for people to work together as a team? The ability to work well with others toward a common goal is what most every company wants from its employees. But just how important is teamwork in business? Is a team more efficient and effective than each person just doing their part individually? And what’s in it for the individual employees? Even if teamwork is significantly better for the organization, does it benefit individual employees at all? Is being part of a team good for both the company and its workers?

Here’s why teamwork really matters in business. Continue reading

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Just How Important is Teamwork in Business? Part 1

It’s been said countless times (mostly by leaders trying to lead a team) that there is no “I” in teamwork. But why such an emphasis on teamwork? Teamwork is work done by several people, each doing a part but all subordinating personal prominence to the efficiency of the whole. And that is the entire point of leadership… to motivate a group of people – the “we” rather than many I’s — toward achieving a desired, common goal. But is teamwork really better for a business’ performance over each person just doing their part individually? It is.

Here are some examples of the power of the collective. Continue reading

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Growing Your Career: 10 Hacks for Professional Growth

Want to get ahead at work? Most everyone does. But professional growth does not just happen. Some people’s careers seem to rise meteorically while others ascend at a glacial pace. And others are even worse off, stuck or are even sliding downhill. Career growth requires work… and not just doing good work at work. There are specific steps that can facilitate climbing the ladder of success. Here are 10 hacks to help fuel career growth. Continue reading

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Leaderspeak: 8 Things Great Leaders Say

Even though there are literally tens of thousands of books on leaders and leadership – not to mention podcasts, blog posts, scholarly articles and social media posts — there is a huge disconnect between what most leaders are supposed to do and what they actually do. That is the gap that always exists between theory and practice, and it is especially true in the area of business leadership. For every business leader who has received training on how to lead a team, department or company, there are ten who are thrust into the position with little or no knowledge, skill or ability to lead. Many are intelligent, capable experts in their fields but haven’t a clue what leadership looks or sounds like. Here is some insight into what great leaders say. Continue reading

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Make Your Business Stand Out, Part 2

How does a company go about making itself really stand out from the crowd? It is important to look at how different industries and organizations – from aviation to tourism to cosmetics — have tackled this very question, and consider the creative process for finding a niche upon which to stand apart.  Continue reading

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Make Your Business Stand Out, Part 1

No matter how the economy is doing or what industry a business is in, there is always a need for a business to stand out from the crowd. Those that differentiate or reinvent themselves are able to survive and thrive, even in a recession. Can any company do that? In a word, yes. It just requires creativity and innovation… the kind that has nothing to do with technology. Here are some examples of how companies have successfully differentiated themselves. And how to emulate their efforts. Continue reading

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The Price We Pay: Rethinking Price, Cost and Value

Price, cost and value are not synonymous. That is why there is usually a huge range in the price of most any manufactured, tailored or customized goods and services — and even in the price of commodities — even when there isn’t a big difference in its cost. But, how businesses go about pricing goods or services often ignores the relationship between the cost to produce or provide something, the price charged for it and, most importantly, the value that the customer perceives it has and assigns to it.

It is time to rethink pricing factoring in value. Continue reading

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Business and the Plot Twist

Running a business is a lot like a story. The story has characters. Some are employees. Others are customers, and still others are vendors. The story often starts slow and then picks up momentum as more is understood about the plot. What product or service is being provided? How does the company reach and interact with its clients? As the business grows, the story unfolds. Sometimes the story is a happy tale of challenges overcome and goals met. But most stories will invariably have a plot twist… a radical change in the expected direction or outcome of the plot of the narrative. While a business cannot choose the plot twists it faces, it can control a big part of how it responds.

Here are tips for handling the unexpected. Continue reading

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Stop Hoping: Make 2021 a Great Year

(Eblast text)
With few exceptions, most would agree that 2020 was a tough year… frustrating, sad and even downright scary at times. And so, most people hope that 2021 is better. However, there is no assurance that the first few months of 2021 will be much different than 2020. There are still a lot of unknowns about how the next 12 months will play out. Wanting and hoping things will turn out fine is not nearly as good as ensuring it is a great year. The goal is to make it great. How? Turn the tide on trouble and tragedy and make 2021 great simply by changing your own perception, attitude, approach and action.

Here’s how.
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