THE CANADIAN PRESS/Adrian Wyld
It is all too easy to imagine that the skills that bring business success can be easily transferred to government. Nothing could be further from the truth.
Bloomberg via Getty Images
Nothing is harder than being an entrepreneur: self-sacrifice, countless hours, true diligence and undying commitment. I interviewed the following accomplished entrepreneurs, who excel at what they do and have been handpicked by the media as ones to watch. Here, they reflect on their past mistakes and share some of their insights with their B2B counterparts when it comes to e-commerce, IT, funding, delegation, sales and scaling too fast.
There's been a lot of outrage over a new report that shows that Canada's wealthiest CEOs are paid 193 times more than the average Canadian. But there's an even darker side to the story. Ordinary taxpayers are subsidizing those multimillion-dollar salaries, courtesy of loopholes in our tax system.
dem10 via Getty Images
The information technology industry is one of America's most thriving sectors, according to a plethora of industry experts. It's actually one of the most robust sectors in the world and also one of th...
Patrick Foto via Getty Images
Alcohol problems, drug use, sexual misconduct, financial misconduct, defensiveness, denial, berating of other senior management and directors, litigation, loss of key employees, toxicity and bulling. There is not much I have not seen when I am called in to coach the CEO. And CEO misbehaviour happens in the highest level of corporate Canada. You may be surprised, but I am not.
Bloomberg via Getty Images
We often associate taking risk and embracing failure as components of being innovative. However, both are components of being innovative and opportunistic. You can be opportunistic and still take risk. You can be opportunistic and still fail. The main difference is your approach.
Peter Dazeley via Getty Images
In 2014, the average wage for a full-time worker was $48,636, according to the think-tank.
Todd Rundgren's song, "The Verb, To Love," speaks to authenticity -- the antithesis of the packaging of a candidate for public consumption during an election. Both Trudeau and Harper were authentic to who they are in the campaign, while Mulcair showed up as a packaged pretense of what he wanted people to think of him, not who he truly is.
Blend Images - Terry Vine via Getty Images
Bill Gates, Richard Branson, Jim Carrey, Howie Mandel -- all have ADHD. They have found ways to find complete order in their disorder. Once out of the structured school system, ADHD is not a disorder, but rather a beneficial trait in the working world. Perhaps this is why the creative CEOs we know and love today are so successful.
Thomas Barwick via Getty Images
For those of us who have founded companies, startups are like your first-born -- exciting, terrifying and usually there are only three of you! There is only one goal: survive. It's crisis management everyday and the strategy is "let's find something that works today."
I had a discussion about the advancement of women with the senior partner of a major law firm. Frustrated with the leaky pipeline of women in his organization, he described hiring equal numbers of men and women but found the turnover rate for female associates to be three to four times that of the males. Rather than throwing up his hands in dismay, there are things he can do to retain women employees.
In all of my interviews with directors over the years, when I ask about a director's greatest regret the answer is consistently, "I should have spoken up when I had the chance." Chances are several of your colleagues are thinking the exact same thing.
We are all human. The person who runs a small company or one from a large conglomerate is still a human and humans make mistakes. Now as much as they will never admit it to you they admit to me, they make mistakes. Here are the top regrets CEOs and hiring managers have when making hiring decisions.
Andrew Vaughan/The Canadian Press
It’s been a good week for Lululemon. First, the company reported better-than-expected earnings for the second quarter, growing revenue by 10 per cent and doubling its second-quarter profits compared t...
Society has changed and people have changed, and they want more. They want an experience. They want to be entertained. We believe that retailers are as much, or more, in the entertainment business as they are in the products business.
Carlos Osorio via Getty Images
The reason most companies are so deeply affected by disruptive technologies is their cultures resist adapting until it is too late. They are so entrenched in their current paradigms that they can't see the future iterations of what they are as a business.
imagewerks via Getty Images
These companies are going to have to counter a major disruption with a major disruption of their own. Most of the retailers who are in trouble are tinkering around the edges: a few more glitzy end aisle displays here, another rebrand there. Stripped down to its simplest form, these stores are glorified shelvers of stuff.
Kelvin Murray via Getty Images
If you are a woman working in a male-dominated environment it is easy to feel like a square peg in a round hole. You need to bring your authentic self to work to feel good about yourself, but your natural approach to situations is often different than that of your male co-workers. Rest assured that fitting in and being yourself are both possible.
Jetta Productions via Getty Images
The key word here is "achieve", because the company can be motivated toward a lot of other things, both positive and negative, but a single focus on achievement is what contributes to emotional intelligence. Are your people able to ignore or suppress internal politics in order to work together toward a common, compelling and well defines goal?
Jon Feingersh via Getty Images
Doing the hard work to create a clear, concise and compelling definition of who the company is -- what business it is really in -- is a tiny investment to inoculate a company from this potentially fatal disease. Steve Jobs was such a remarkable leader because he was constantly fearful of the threat of founder's dilemma, even as he was basking in the glow of Apple's amazing success.
Once hesitant to blog, tweet or post a photo to Facebook, more and more CEOs (and their leadership teams) are embracing social media in an effort to build communities and increase positive sentiment towards their companies. Here are five reasons I believe CEOs should champion the use of social media.
Mark Twain was famously quoted as saying "I didn't have time to write a short letter, so I wrote a long one instead." The subtext of his quote is that time is the enemy of clear, concise and compelling communication. The same is true of strategy development.
When did the term "working mom" come into the popular vernacular? I cannot, for the life of me, figure out why any woman with a job and children would describe herself as a working mom. My husband is a wonderful father, and great business leader, however, he does not refer to himself as a working dad. In fact, I don't know one man who works while raising a family and calls himself a working dad. So why do we?
ROSLAN RAHMAN via Getty Images
Microsoft, a company worth more than $19 billion that employs over 10,000 staff globally, has only had three CEOs in its 38-year history. After 14 years of bold, larger than life Steve Ballmer, Micros...
Sirgunhik via Getty Images
There are two things that Blockbuster, Borders and Kodak have in common. The first thing they have in common is they all went bankrupt because digital technologies made their businesses obsolete. The second thing Blockbuster, Borders and Kodak have in common is that they all could be thriving today.
In the public sector in Ontario, there have been several governance scandals, including Ontario Power Generation, eHealth, Ontario Lottery and Gaming Corporation, and Ornge, that have included compensation and spending. What this reveals is defective oversight. Governance is not government.
Mike Lawrie via Getty Images
The Fight For Control Over Our Lives Apple and Google will pull ahead of the pack in terms of its software controlling every aspect of our lives. First it was computers. Then iTunes. Then iPhone and A...
Wearable tech products speak to our increasing needs for self-awareness, instant gratification and sense of belonging. They will help us sleep better, stay fitter, manage our time more effectively, maintain our health more proactively, engage with more people who share our passions.
Cloud-based services, also known as SaaS apps (software as a service), make more sense for everyone involved. SaaS apps are easier for customers to access, use and pay for, with the low subscription fee essentially amortizing what used to be a more onerous capital cost. They provide the developer with a consistent, predictable cash flow, and a far easier/cheaper development and upgrade process.
1. Active owners focused on performance. Expect pressure by activists and institutions for boards to control under-performing management to continue unabated. Boards incapable or unwilling to rein in...
When there is confusion about something, such as an organization's direction or strategic plan, there are many different interpretations of what it is. When there are many different interpretations, it usually means people aren't aligned with where the company is going and how it needs to get there.
"Peer groups" is a basket of similar or larger companies compared to one company, and "benchmarking" is a decision to pay a CEO at the 50th, 75th or 90th percentile of other CEOs. average. This one issue -- benchmarking against peer groups -- has been responsible for CEO pay increases more than any other.