The average family’s net worth dropped 40% between 2007 and 2010, wiping out 18 years of savings and investments (Source: Federal Reserve). The average college-educated man’s annual salary maxes out at age 48 and $95,000. People with incomes from $50-99K give 6% to charity, while incomes greater than $200K give 4.2%. Households with less than…
PwC’s 15th Annual Global CEO Survey (2012) found that: 31% of CEO’s believe talent constraints limit their ability to innovate, 29% were unable to purse on opportunity. Thus, CEO’s want to change their talent management strategy and reporting principles. Inspired by 1939’s Generally Accepted Accounting Principles (GAAP) for accountants, there is a movement to standardize…
IBM’s 2012 Global CEO study (n=1700) found that people skills are the 2nd highest priority, behind technology. This is because employee engagement is the key source of sustained value. Aon Hewitt reports that every bit of incremental employee engagement generates a bump in operating income. That is probably why Molson Coors spent $1 million deploying…
With Mitt Romney’s past at Bain Capital a part of the recent presidential election, private equity is in the news quite a bit right now. A quick look at the industry: Identify 3-5 key goals for a a target/portfolio company to achieve Assess the company’s profit potential Execute improvements to realize that potential next level…
In 2012, I emceed the e-Learning Symposium. Here are some key takeaways: What: Learning should include content, practice, and assessment (recall vs. comprehension) via a performance audit; Where & When: Learning is not about teaching, but positioning knowledge – so employees know where to find what they need to know when they need it; How:…
Yum! CEO of Taco Bell/KFC/Pizza Hut, David Novak, was named Best CEO of 2012 by Chief Executive magazine. The selection committee described him with these key words: compelling vision, comprehensive strategy, relentless implementation, develops employees’ potential, and humility. Some other examples of his leadership include: Gives out chattering teeth with feet to employees who “walk the talk”…
US companies are posting record profits, as the end of 2011 and beginning of 2012 had the highest operating earnings for S&P 500 companies since 1981. That being said, 3rd Quarter profits and revenues fell for the first time since 2009. The deleveraging process has only just begun: Corporations typically lead the deleveraging process, which…
On election night, Mitt Romney did not have a concession speech. With the assumption of victory, his campaign team mistakenly posted a government transition website in the determined expectation of winning the election.Why? He thought he was going to win based on his internal polling of key swing states, even though these numbers did not…
Living in Austin, one of our celebrities is Lance Armstrong. His dominating performance for 7 years in the Tour de France was undercut last month with his admission of suspected, and vehemently denied, doping. Also, last month, the Baseball Writers’ Association of America elected no former players into the Hall of Fame in Cooperstown. This…
Things that will disappear soon and causes of the disappearance: checks – due to credit cards and mobile transactions, post offices – due to carriers like FedEx, newspapers – due to online media like RSS feeds, books – due to tablets and online sources, land line telephones – due to cell phones and text messages,…
