Halloween statistics can be scary. According to a survey of 8,526 people conducted by BIGresearch for the National Retail Federation (NRF), consumers spent an average of $56.31 on Halloween in 2009, down 15% from $66.54 last year. The survey blames the economy, citing that nearly a third of consumers said the economy negatively impacted their…
If you’re not in software development, you may not be familiar with an agile software development framework called scrum. Scrum is an alternative to the traditional waterfall approach and attempts to simplify complex projects by structuring them in short cycles of work called sprints. Each sprint is based on prioritized customer requirements such that the highest value features…
In research conducted by Accountemps, 150 senior executives from the nation’s 1000 largest companies were asked, “What is the most annoying or overused phrase or buzzword in the workplace today?” Their responses included the following: Leverage Reach out It is what it is Viral Game changer Disconnect Value-add Circle back Socialize Interface Cutting edge While…
A few more of my favorite performance management quotes: It is an immutable law in business that words are words, explanations are explanations, promises are promises—but only performance is reality. Harold S. Geneen, 1910-1997, communications executive The man who starts out going nowhere, generally gets there. Dale Carnegie, 1888-1955, author and pioneer in self-improvement and…
Throwing down the blogging gauntlet, Michael asks a simple – but provocative – question: How would […] you define Performance Management and what does it mean when it is successfully implemented? My initial reaction was to borrow a phrase from Justice Potter Stewart: I’m not sure I can define performance management, but I know it when I…
For those of you who remember the series of posts two years ago defining objectives for this blog, you’ll recall that I decided that average number of comments per post and number of unique visitors per month were better measures of my success than number of page views or frequency of posts. Regardless, I was…
In a McKinsey Quarterly article entitled “Management lessons from the financial crisis,” UCLA business professor Richard Rumelt coins the term smooth-sailing fallacy: This smooth-sailing fallacy arises when we mistake a measure for reality. Competent management always looks deeper than the numbers, deeper than the current measures. Incompetent management just focuses on the metrics, on the body…
Performance management continuously invades my personal life, whether it’s on airplanes, during mentoring, or at Thanksgiving dinner. Here’s another example: Not long after I moved into my previous house, a friendly neighbor came over to welcome me to the block. Amid advice on local stores and restaurants, he pointed out that my front lawn wasn’t…
At the end of every month, I review my most popular posts from the last 90 days. In Q2 Dilbert on Risk Management showed up in the top 5 for the first time:The surge in popularity is interesting but I’m not sure that it’s reliable, especially since Google Trends doesn’t show the same pattern. Regardless, risk…
Over the last decade, the number of women-owned businesses grew at nearly twice the rate of all U.S. firms. Despite this good news, the statistics about women as business leaders are disheartening. Only 2.6% of Fortune 500 companies are run by women. Only 16% of the House and Senate members are women. (Even worse, seven of…