leadership

how to nurture the genius around you — even if you’re not a genius yourself

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available at amazon

l. gary boomer has been talking lately about liz wiseman’s new book, “multipliers: how the best leaders make everyone smarter.”

“multipliers” reports research that shows so-called “multiplier”  leaders get two times more production than “diminishing” leaders.

“multipliers are genius-makers,” boomer says, “where everyone around them gets smarter.” by genius, she is referring to innovation, productivity and the collective intelligence of the team.

multiplier leaders are not just “feel-good” managers, boomer says: read more →

succession planning: what’s your excuse?

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are you scaring away the next generation of owners?

via accountingtoday

you know it’s important. so why do only 35 percent of multi-owner firms and 9 percent of sole proprietors have written succession plans in place?

robert fligel

“most firms don’t have any plan,” robert fligel, president of rf resources tells accounting today. “even to do a memo would be a major accomplishment… it’s human nature; we don’t want to deal with mortality because it’s a very daunting thing. but there’s a fantastic sense of relief when you do these things. and you should think about your clients – you don’t want to leave them in a lurch.”

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good-bye annual budget. hello rolling forecast

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via cfo.com

world moving too fast to plan even a year ahead.

so an increasing number of companies are abandoning the age-old tradition of annual budgeting and adopting instead a system of constantly updated forecasts. they call them rolling forecasts, flexible budgets, or event-driven planning. but they aren’t annual budgets.

cfo.com  cites as examples: unilver, norton lilly international, statoil, and american century investments. “meanwhile, other companies continue to execute a budget but, for the most part, manage the business without it,” russ banham reports. “call it a sign of the times, literally.”

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