In less than a decade, once power-house Blackberry lost 95% of value. The reason is largely blamed on a lack of communication from the ground up. Employees didn’t share information, and management never fully realized the extent of the company’s problems. Make sure you follow these tips to avoid a breakdown like Blackberry experienced.
A leader in an organization can’t do everyone’s job. Instead of micromanaging, strong leaders use organizational leadership to coordinate, communicate, motivate and delegate among employees and team members. For comprehensive organizational effectiveness, each individual needs to be seen as a contributor, with the leader at the helm.
Most importantly, best-practices leadership involves keeping employees motivated throughout the process, adapting your scope or strategy as necessary, and developing an effective communication strategy.
Some people never make it to the other side because they’re more successful at being doers. This is a crucial point in determining if you’re going to move up the ranks.
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On Jan. 29, 2003, an explosion destroyed a West Pharmaceutical Services factory in Kinston, N.C. Along with six deaths and dozens of injuries at the plant, the resulting fire burned for two days. Donald Morel Jr., West’s then-CEO, was returning to the Philadelphia area from a business trip to New Jersey when he received the news. Morel rushed home, packed a bag and chartered a plane ...