Add You
#1 in Business Subscribe Email Print

You are here: Home > Business > Management > How To Grow A VEO (The One Thing Competitors Can't Steal)

Tags

  • stretched
  • offers
  • describes
  • accomplish their
  • improve their
  • wayto inspire

  • Links

  • Tourism Dollar $$
  • Refinancing Questions To Ask Yourself And Your Lender
  • When You Buy A Franchise Opportunity Be Tough
  • Add You - How To Grow A VEO (The One Thing Competitors Can't Steal)

    Franchise Expansion Thru Regional Team Manager Agreements
    One potential marketing strategy for franchisors is to set up two-year agreements with star franchisees to assist in the expansion of regional areas without selling those areas a master franchises. In doing so the franchisor can have more control over the marketing of new franchises and say over which territories and agreements will be entered into, without giving up any control.The fee structure could be a percentage of franchise fees in each sale and a percentage of royalties. The duties of the star franchisee [Regional Team Manager] should be clearly defined we decided for our endeavors and so I came up with these set of rules for our company, perhaps this might give you some ideas if you are considering expanding your franchise company. Below is my list of responsibilities and rules that I used in my company;Regional team manager will not build or maintain a web site on behalf of The Company or the Franchisee. A web site will be furnished and maintained at the expense of the Franchisor on behalf of the regional team manager.Regional team manager will be responsible for collecting all royalties from franchisees in their exclusive territory and forwarding all such monies immediately upon collection to The Company. will forward the regional team manager’s portion of collected royalties no later than the 30th of each month.Regional team manager will be
    e that serves entrepreneurial cultures well.

    Create a cycle of winning by seeking out and hiring only the best people. Hire for raw talent and values and character, not just for skill sets. You can teach people the skills they need, but you can’t always teach work ethic or integrity or optimism. Consider using proven selection tools and assessments to ensure that you hire the right people for your culture. Find ways to “keep the keepers.” It’s difficult and expensive to attract new talent. Likewise, get rid of people who aren’t contributing, as they will hamper progress and destroy the morale of your high performers.

    When your company is made up of winners, it will be unstoppable. You will win victory after victory in the marketplace. And that, in turn, will attract more winners to your company. The cycle continues.

    A VEO elevates communication to an art form.

    In a VEO, communication goes far beyond sending out emails at the right time or holding employee forums on critical issues (although these tools may well be valuable for many companies). It means that leaders make sure that people understand and buy into major change initiatives—after all, real change is always voluntary—and that, in turn, employees make their voices clearly heard. People on both sides of the leadership desk care enough to share their heartfelt viewpoints, not just exchange information.

    Here’s a major reason why communication matters so much: it’s inextricably linked to diversity. Why is diversity important? Because our differences are the fuel that sparks innovation. If everyone comes from the same background, ideas will be depressingly similar. A company can have the right “quotas”—prescribed percentages of African Americans, Latinos,

    The truth about Job Recruiters and online Job Search
    Nowadays, it's almost an acquired skill to successfully search for jobs online. Job sites are more complex than ever, and instead of facilitating the job searches, they actually make the process more complicated.Job seekers and employers are hit with a wave of information overload, which can be extremely overwhelming and confusing." Finding great employment opportunities and that perfect candidate are sometimes lost if you don't possess the correct knowledge when going online for your search."Also, users need to take into consideration that when looking for a job online they will most likely be dealing with a recruiter/headhunter. In fact, most of the Job Seekers we interviewed explained that when they apply for a job online, they hope they are dealing with the Employer directly, but most often end up dealing with a third party. Many of these Job Seekers express a feeling of disappointment when they realize they are dealing with Recruiters only, and not the Employers themselves.After doing much research and reviewing most of the large job boards, we found that at least more then 65% of all postings were listed by Recruiters.Most of the Job Seekers we interviewed explained that when they apply for a job online, they hope they are dealing with the Employer directly, but most often end up dealing with a third party. Many of these Job Seekers express a fee
    Corporate culture is no longer a feel-good issue. According to Joanne G. Sujansky, Ph.D., becoming a Vibrant Entrepreneurial Organization is a key to your survival in our fiercely competitive economy.

    The global economy has you feeling more than a little uneasy. And no wonder. You’re competing with the entire world. You need that competitive edge that can’t be duplicated. When you come to this sobering realization, your first instinct is to focus all of your energies on product development or marketing. You need bottom-line results and you need them now. But according to Joanne G. Sujansky what you should give priority—and what tends to get neglected when things get tough—is your corporate culture. You must create the kind of environment that not only attracts the most talented people, but frees and nurtures their inner entrepreneur.

    That’s right. The CEO and founder of KEYGroup® says that in order to achieve and sustain growth and profitability, you must devote attention to building the kind of company in which that elusive sense of ownership can flourish. Her term for such a culture is the Vibrant Entrepreneurial Organization, or VEO.

    “Technology, processes, and global outsourcing have pretty much leveled the playing field in a global marketplace,” says Sujansky. “One thing that can differentiate you from the company across the street, or across the sea for that matter, is your corporate culture. Clearly, culture is no longer a ‘soft’ issue—it’s your competitive edge. It must play a vital part in your strategic plan, because it determines the kind of people you attract and, more than that, it determines whether their innovation and passion and sense of ownership are stoked . . . or stifled.”

    So what does a Vibrant Entrepreneurial Organization look like? Sujansky describes it in terms of the following five characteristics:

    A VEO shares the “big picture” people need to take personal risks and hold themselves accountable.

    A VEO is completely transparent. There are no secrets. Employees know beyond the shadow of a doubt where the company is now, where it wants to go, and what the values are that will take it there. Sharing your vision with your people is more than “a nice thing to do”— it’s a necessity. If employees don’t have the big picture—in terms of the quintessential vision and in terms of day-to-day projects they encounter in the business—how can they take the right kinds of risks?

    Without risk there can be no significant gain. In an entrepreneurial culture, people know that you trust them to take measured risks, risks calculated to advance the vision of your corporation. When people are free to take risks, they are likely to explore multiple possibilities and find unexpected solutions. They “own” these solutions, and will hold themselves accountable. If you force them into a rigid mold, they will hold you accountable for the outcome, since you “made” them do it that way.

    To inspire risk-taking in your employees, take risks yourself. In this way you model the creative spirit you want them to embrace. Tell them you expect them to take well-thought-out risks and own the results. Encourage and reward confrontations and questions, as they are part of the process. When people see you encourage creativity and accept mistakes, they’ll be more likely to take risks. This attitude will enhance the agility and effectiveness of your company.

    A VEO exemplifies the new face of loyalty.

    If you’ve heard it once, you’ve heard it a million times: employee loyalty is dead. And if the loyalty refers to the toe-the-company-line-for-thirty-years-and-retire-with-a-gold-watch mentality of yesteryear, it is indeed dead. Most employees (the ones worth keeping) aren’t just looking for a place to go, put in their time, and collect a paycheck. They want challenging, meaningful, enriching work. In return, they look for ways to build and improve their company’s future. If they are viewed as a commodity that can easily be replaced, they will look elsewhere for opportunities.

    Leaders in entrepreneurial cultures look beyond the lukewarm, overused goal of “employee satisfaction.” They seek to challenge, inspire, and develop their people. They create ways that people can use their unique skills and talents to advance the company’s vision. They help employees get the resources and support they need to accomplish their goals. They provide opportunities for employees to grow and develop and become more marketable.

    People tend to give more loyalty to companies that view them as complete human beings. Sure, salary matters. But a healthy work/life balance means as much, and, to some, even more. Employees want to know that you value their personal life as well as what they bring to the company. Provide opportunities for work/life balance. If you’re a true leader, model such behavior yourself. Find ways to build and maintain your own resilience. Not only will this keep you from burning out, it alleviates the subtle pressure others may feel to put in unproductive “face time” to keep up with you.

    A VEO supports high productivity while minimizing stress.

    Downsizing and scarce resources have created workplaces marked by chronic anxiety and chaos. People are stretched to the breaking point. Their days are stressful and fragmented. They look busy and seem to be working at almost superhuman speed and intensity. Though this may seem like a good thing, it is actually harmful. When stress rises higher, mistakes increase, opportunities are lost, and productivity can actually decline. People become physically ill and start missing days. Such environments are highly destructive, counterproductive, and unsuited for the quick response times necessary in a global environment.

    Don’t confuse activity with progress. Know that just because there’s a lot going on doesn’t mean things are really getting done. People must be given specific, challenging, yet attainable outcomes they’re expected to meet. Put systems in place for measuring productivity and live by them. Remember that what gets measured gets done, and make certain that what you’re measuring really matters. Create policies that ensure that the “urgent” doesn’t take precedence over the “important,” and do everything you can to eliminate redundancies and unnecessary busy work.

    Establish ongoing and final evaluative processes so people can get feedback. But don’t limit feedback to formal evaluations. Give it on the spot. You should tell people in real time what they’re doing wrong so they can correct it, but it’s even more important to tell them what they’re doing right. That’s spontaneous coaching and it’s one of the most critical elements of an entrepreneurial culture.

    A VEO produces a winning tradition.

    Success breeds more success. People who become accustomed to winning want to keep on winning. Indeed, losing becomes unacceptable. Winners take losing personally and will do whatever they must do in order to avoid it. This is a reality of human nature and one that serves entrepreneurial cultures well.

    Create a cycle of winning by seeking out and hiring only the best people. Hire for raw talent and values and character, not just for skill sets. You can teach people the skills they need, but you can’t always teach work ethic or integrity or optimism. Consider using proven selection tools and assessments to ensure that you hire the right people for your culture. Find ways to “keep the keepers.” It’s difficult and expensive to attract new talent. Likewise, get rid of people who aren’t contributing, as they will hamper progress and destroy the morale of your high performers.

    When your company is made up of winners, it will be unstoppable. You will win victory after victory in the marketplace. And that, in turn, will attract more winners to your company. The cycle continues.

    A VEO elevates communication to an art form.

    In a VEO, communication goes far beyond sending out emails at the right time or holding employee forums on critical issues (although these tools may well be valuable for many companies). It means that leaders make sure that people understand and buy into major change initiatives—after all, real change is always voluntary—and that, in turn, employees make their voices clearly heard. People on both sides of the leadership desk care enough to share their heartfelt viewpoints, not just exchange information.

    Here’s a major reason why communication matters so much: it’s inextricably linked to diversity. Why is diversity important? Because our differences are the fuel that sparks innovation. If everyone comes from the same background, ideas will be depressingly similar. A company can have the right “quotas”—prescribed percentages of African Americans, Latinos,

    8 Tips for Keeping Your Current Customers Happy
    Every business owner knows without their customers they do not have a business. Finding customers is only the first step in running a business. Keeping them for the long haul is the most important thing a business needs to do.Customers want to buy their goods and services from businesses in tune with their needs, wants and desires. They want to be taken care of and sold the best possible products for a reasonable price. What they do not want is to deal with a business that does not seem to have those thoughts in mind. How can keep your customers happy, and still make a profit?1. Do not forget your current customers when you offer promotions and special offers. While you do want to bring in new customers, giving your current customers the same promotions is a surefire way to keep them happy.2. Treat your current customers with the same curtsey and honesty you give to new customers. A customer who feels you are not treating them fairly will not be a customer for long.3. Do not promise something you cannot keep. Nothing annoys a customer more than to have a business tell them they can deliver on a certain date only to have the shipment days or even weeks late.4. Get to know your customers. Everyone likes to be remembered, even your customers. Keeping track of birthdays and anniversaries are a few ways you can make your customers feel more like they
    Organization look like? Sujansky describes it in terms of the following five characteristics:

    A VEO shares the “big picture” people need to take personal risks and hold themselves accountable.

    A VEO is completely transparent. There are no secrets. Employees know beyond the shadow of a doubt where the company is now, where it wants to go, and what the values are that will take it there. Sharing your vision with your people is more than “a nice thing to do”— it’s a necessity. If employees don’t have the big picture—in terms of the quintessential vision and in terms of day-to-day projects they encounter in the business—how can they take the right kinds of risks?

    Without risk there can be no significant gain. In an entrepreneurial culture, people know that you trust them to take measured risks, risks calculated to advance the vision of your corporation. When people are free to take risks, they are likely to explore multiple possibilities and find unexpected solutions. They “own” these solutions, and will hold themselves accountable. If you force them into a rigid mold, they will hold you accountable for the outcome, since you “made” them do it that way.

    To inspire risk-taking in your employees, take risks yourself. In this way you model the creative spirit you want them to embrace. Tell them you expect them to take well-thought-out risks and own the results. Encourage and reward confrontations and questions, as they are part of the process. When people see you encourage creativity and accept mistakes, they’ll be more likely to take risks. This attitude will enhance the agility and effectiveness of your company.

    A VEO exemplifies the new face of loyalty.

    If you’ve heard it once, you’ve heard it a million times: employee loyalty is dead. And if the loyalty refers to the toe-the-company-line-for-thirty-years-and-retire-with-a-gold-watch mentality of yesteryear, it is indeed dead. Most employees (the ones worth keeping) aren’t just looking for a place to go, put in their time, and collect a paycheck. They want challenging, meaningful, enriching work. In return, they look for ways to build and improve their company’s future. If they are viewed as a commodity that can easily be replaced, they will look elsewhere for opportunities.

    Leaders in entrepreneurial cultures look beyond the lukewarm, overused goal of “employee satisfaction.” They seek to challenge, inspire, and develop their people. They create ways that people can use their unique skills and talents to advance the company’s vision. They help employees get the resources and support they need to accomplish their goals. They provide opportunities for employees to grow and develop and become more marketable.

    People tend to give more loyalty to companies that view them as complete human beings. Sure, salary matters. But a healthy work/life balance means as much, and, to some, even more. Employees want to know that you value their personal life as well as what they bring to the company. Provide opportunities for work/life balance. If you’re a true leader, model such behavior yourself. Find ways to build and maintain your own resilience. Not only will this keep you from burning out, it alleviates the subtle pressure others may feel to put in unproductive “face time” to keep up with you.

    A VEO supports high productivity while minimizing stress.

    Downsizing and scarce resources have created workplaces marked by chronic anxiety and chaos. People are stretched to the breaking point. Their days are stressful and fragmented. They look busy and seem to be working at almost superhuman speed and intensity. Though this may seem like a good thing, it is actually harmful. When stress rises higher, mistakes increase, opportunities are lost, and productivity can actually decline. People become physically ill and start missing days. Such environments are highly destructive, counterproductive, and unsuited for the quick response times necessary in a global environment.

    Don’t confuse activity with progress. Know that just because there’s a lot going on doesn’t mean things are really getting done. People must be given specific, challenging, yet attainable outcomes they’re expected to meet. Put systems in place for measuring productivity and live by them. Remember that what gets measured gets done, and make certain that what you’re measuring really matters. Create policies that ensure that the “urgent” doesn’t take precedence over the “important,” and do everything you can to eliminate redundancies and unnecessary busy work.

    Establish ongoing and final evaluative processes so people can get feedback. But don’t limit feedback to formal evaluations. Give it on the spot. You should tell people in real time what they’re doing wrong so they can correct it, but it’s even more important to tell them what they’re doing right. That’s spontaneous coaching and it’s one of the most critical elements of an entrepreneurial culture.

    A VEO produces a winning tradition.

    Success breeds more success. People who become accustomed to winning want to keep on winning. Indeed, losing becomes unacceptable. Winners take losing personally and will do whatever they must do in order to avoid it. This is a reality of human nature and one that serves entrepreneurial cultures well.

    Create a cycle of winning by seeking out and hiring only the best people. Hire for raw talent and values and character, not just for skill sets. You can teach people the skills they need, but you can’t always teach work ethic or integrity or optimism. Consider using proven selection tools and assessments to ensure that you hire the right people for your culture. Find ways to “keep the keepers.” It’s difficult and expensive to attract new talent. Likewise, get rid of people who aren’t contributing, as they will hamper progress and destroy the morale of your high performers.

    When your company is made up of winners, it will be unstoppable. You will win victory after victory in the marketplace. And that, in turn, will attract more winners to your company. The cycle continues.

    A VEO elevates communication to an art form.

    In a VEO, communication goes far beyond sending out emails at the right time or holding employee forums on critical issues (although these tools may well be valuable for many companies). It means that leaders make sure that people understand and buy into major change initiatives—after all, real change is always voluntary—and that, in turn, employees make their voices clearly heard. People on both sides of the leadership desk care enough to share their heartfelt viewpoints, not just exchange information.

    Here’s a major reason why communication matters so much: it’s inextricably linked to diversity. Why is diversity important? Because our differences are the fuel that sparks innovation. If everyone comes from the same background, ideas will be depressingly similar. A company can have the right “quotas”—prescribed percentages of African Americans, Latinos,

    Being An Innovative Entrepreneur
    A young up and coming entrepreneur will possess many qualities in varying degrees, however one important trait of being an innovative entrepreneur is having innovation. The differences between people can be amazing, how many times have you looked with envy at someone who can come across a problem and quickly find a solution to work around that problem? Or see someone take a product or service and give it a little tweak to make it even better?If you have ever stopped in your tracks and looked at these people in awe, then you could do with a little help to become more innovative. Being an innovative entrepreneur isn’t that hard it, just requires you to change your way at looking at things a little differently.Curiosity is a must if you want to be innovative; you have to be curious about life and what it has to offer you and what you can get out of it. A good way to start is by looking at your experiences and start questioning why did things happen like that? What might have happened if you had done something a different way?Being ready to accept change and accept new ideas and thoughts should be considered. Get insight from other business people around you, read the business journals and magazines, above all keep on top of what’s current.Persistency is a great trait so if things don’t happen immediately or they don’t turn out as planned then persist to g
    employee loyalty is dead. And if the loyalty refers to the toe-the-company-line-for-thirty-years-and-retire-with-a-gold-watch mentality of yesteryear, it is indeed dead. Most employees (the ones worth keeping) aren’t just looking for a place to go, put in their time, and collect a paycheck. They want challenging, meaningful, enriching work. In return, they look for ways to build and improve their company’s future. If they are viewed as a commodity that can easily be replaced, they will look elsewhere for opportunities.

    Leaders in entrepreneurial cultures look beyond the lukewarm, overused goal of “employee satisfaction.” They seek to challenge, inspire, and develop their people. They create ways that people can use their unique skills and talents to advance the company’s vision. They help employees get the resources and support they need to accomplish their goals. They provide opportunities for employees to grow and develop and become more marketable.

    People tend to give more loyalty to companies that view them as complete human beings. Sure, salary matters. But a healthy work/life balance means as much, and, to some, even more. Employees want to know that you value their personal life as well as what they bring to the company. Provide opportunities for work/life balance. If you’re a true leader, model such behavior yourself. Find ways to build and maintain your own resilience. Not only will this keep you from burning out, it alleviates the subtle pressure others may feel to put in unproductive “face time” to keep up with you.

    A VEO supports high productivity while minimizing stress.

    Downsizing and scarce resources have created workplaces marked by chronic anxiety and chaos. People are stretched to the breaking point. Their days are stressful and fragmented. They look busy and seem to be working at almost superhuman speed and intensity. Though this may seem like a good thing, it is actually harmful. When stress rises higher, mistakes increase, opportunities are lost, and productivity can actually decline. People become physically ill and start missing days. Such environments are highly destructive, counterproductive, and unsuited for the quick response times necessary in a global environment.

    Don’t confuse activity with progress. Know that just because there’s a lot going on doesn’t mean things are really getting done. People must be given specific, challenging, yet attainable outcomes they’re expected to meet. Put systems in place for measuring productivity and live by them. Remember that what gets measured gets done, and make certain that what you’re measuring really matters. Create policies that ensure that the “urgent” doesn’t take precedence over the “important,” and do everything you can to eliminate redundancies and unnecessary busy work.

    Establish ongoing and final evaluative processes so people can get feedback. But don’t limit feedback to formal evaluations. Give it on the spot. You should tell people in real time what they’re doing wrong so they can correct it, but it’s even more important to tell them what they’re doing right. That’s spontaneous coaching and it’s one of the most critical elements of an entrepreneurial culture.

    A VEO produces a winning tradition.

    Success breeds more success. People who become accustomed to winning want to keep on winning. Indeed, losing becomes unacceptable. Winners take losing personally and will do whatever they must do in order to avoid it. This is a reality of human nature and one that serves entrepreneurial cultures well.

    Create a cycle of winning by seeking out and hiring only the best people. Hire for raw talent and values and character, not just for skill sets. You can teach people the skills they need, but you can’t always teach work ethic or integrity or optimism. Consider using proven selection tools and assessments to ensure that you hire the right people for your culture. Find ways to “keep the keepers.” It’s difficult and expensive to attract new talent. Likewise, get rid of people who aren’t contributing, as they will hamper progress and destroy the morale of your high performers.

    When your company is made up of winners, it will be unstoppable. You will win victory after victory in the marketplace. And that, in turn, will attract more winners to your company. The cycle continues.

    A VEO elevates communication to an art form.

    In a VEO, communication goes far beyond sending out emails at the right time or holding employee forums on critical issues (although these tools may well be valuable for many companies). It means that leaders make sure that people understand and buy into major change initiatives—after all, real change is always voluntary—and that, in turn, employees make their voices clearly heard. People on both sides of the leadership desk care enough to share their heartfelt viewpoints, not just exchange information.

    Here’s a major reason why communication matters so much: it’s inextricably linked to diversity. Why is diversity important? Because our differences are the fuel that sparks innovation. If everyone comes from the same background, ideas will be depressingly similar. A company can have the right “quotas”—prescribed percentages of African Americans, Latinos,

    You Will Always Have A Means Of Contact With Strangers
    You will always have a means of contact with strangers when you make use of business cards to advertise your business. You can hand them out to prospective customers wherever you are and passers by never object to taking one from you. This could be attributed to the fact that they are small and can be tucked into the recipients pocket or purse with ease.As technology advances and the way business people advertise their businesses changes the little cards never go out of fashion. They have been around for many years and will probably still be around in many years to come.Your business cards can be designed and printed by you at home if you wish to save costs. They are an excellent way of advertising your business and because of the size of them you will only be printing the important information about your business on them. There will be no unnecessary information that the reader will have to wade through. All the essential details of your business will be there for them to see.By printing your special offers and discounts on the backs of the cards you will be doubling their value. You could periodically change these so that the cards do not become stagnant and boring. This will be a sure way of recipients keeping your card and not discarding it as soon as they reach home. Mention that the card must be shown to be in line for a prizes or special disco
    . Their days are stressful and fragmented. They look busy and seem to be working at almost superhuman speed and intensity. Though this may seem like a good thing, it is actually harmful. When stress rises higher, mistakes increase, opportunities are lost, and productivity can actually decline. People become physically ill and start missing days. Such environments are highly destructive, counterproductive, and unsuited for the quick response times necessary in a global environment.

    Don’t confuse activity with progress. Know that just because there’s a lot going on doesn’t mean things are really getting done. People must be given specific, challenging, yet attainable outcomes they’re expected to meet. Put systems in place for measuring productivity and live by them. Remember that what gets measured gets done, and make certain that what you’re measuring really matters. Create policies that ensure that the “urgent” doesn’t take precedence over the “important,” and do everything you can to eliminate redundancies and unnecessary busy work.

    Establish ongoing and final evaluative processes so people can get feedback. But don’t limit feedback to formal evaluations. Give it on the spot. You should tell people in real time what they’re doing wrong so they can correct it, but it’s even more important to tell them what they’re doing right. That’s spontaneous coaching and it’s one of the most critical elements of an entrepreneurial culture.

    A VEO produces a winning tradition.

    Success breeds more success. People who become accustomed to winning want to keep on winning. Indeed, losing becomes unacceptable. Winners take losing personally and will do whatever they must do in order to avoid it. This is a reality of human nature and one that serves entrepreneurial cultures well.

    Create a cycle of winning by seeking out and hiring only the best people. Hire for raw talent and values and character, not just for skill sets. You can teach people the skills they need, but you can’t always teach work ethic or integrity or optimism. Consider using proven selection tools and assessments to ensure that you hire the right people for your culture. Find ways to “keep the keepers.” It’s difficult and expensive to attract new talent. Likewise, get rid of people who aren’t contributing, as they will hamper progress and destroy the morale of your high performers.

    When your company is made up of winners, it will be unstoppable. You will win victory after victory in the marketplace. And that, in turn, will attract more winners to your company. The cycle continues.

    A VEO elevates communication to an art form.

    In a VEO, communication goes far beyond sending out emails at the right time or holding employee forums on critical issues (although these tools may well be valuable for many companies). It means that leaders make sure that people understand and buy into major change initiatives—after all, real change is always voluntary—and that, in turn, employees make their voices clearly heard. People on both sides of the leadership desk care enough to share their heartfelt viewpoints, not just exchange information.

    Here’s a major reason why communication matters so much: it’s inextricably linked to diversity. Why is diversity important? Because our differences are the fuel that sparks innovation. If everyone comes from the same background, ideas will be depressingly similar. A company can have the right “quotas”—prescribed percentages of African Americans, Latinos,

    Urban Wear Trends Mean Retail Profits
    The urban wear market is picking up steam, as its appeal spreads beyond the confines of the urban market.Spreading due to the popularity of rap music, rap inspired video games, and films featuring rap artists, the urban wear market has been steadily rising.Many retailers have been trying to increase their sales by tapping into this lucrative market.While the urban wear market does present many compelling opportunities to make money, retailers need to be aware of the fickle nature of the market.For instance, brands gain and lose their popularity in relation to the level of popularity of the rap performers that market the brand.In other words, for a retailer to carefully decide which urban brands to stock, he needs to keep track of the popularity of the musicians who wear and promote the clothing.By reading hip hop magazines, and following media reports, retailers can gage which urban brands are experiencing demand, and which are experiencing a diminishing level of popularity.For example, when 50 Cent, a well known rap artist, appeared in a major film his clothing line experienced a strong level of demand.On the flip side, FUBU saw a strong drop in demand for its clothing line due to the lack of a popular rap musician promoting its clothing line.Other brands such as Ecko have been more aggressive in developing lines ins
    e that serves entrepreneurial cultures well.

    Create a cycle of winning by seeking out and hiring only the best people. Hire for raw talent and values and character, not just for skill sets. You can teach people the skills they need, but you can’t always teach work ethic or integrity or optimism. Consider using proven selection tools and assessments to ensure that you hire the right people for your culture. Find ways to “keep the keepers.” It’s difficult and expensive to attract new talent. Likewise, get rid of people who aren’t contributing, as they will hamper progress and destroy the morale of your high performers.

    When your company is made up of winners, it will be unstoppable. You will win victory after victory in the marketplace. And that, in turn, will attract more winners to your company. The cycle continues.

    A VEO elevates communication to an art form.

    In a VEO, communication goes far beyond sending out emails at the right time or holding employee forums on critical issues (although these tools may well be valuable for many companies). It means that leaders make sure that people understand and buy into major change initiatives—after all, real change is always voluntary—and that, in turn, employees make their voices clearly heard. People on both sides of the leadership desk care enough to share their heartfelt viewpoints, not just exchange information.

    Here’s a major reason why communication matters so much: it’s inextricably linked to diversity. Why is diversity important? Because our differences are the fuel that sparks innovation. If everyone comes from the same background, ideas will be depressingly similar. A company can have the right “quotas”—prescribed percentages of African Americans, Latinos, Asians, and so forth—but unless all of these people can express their viewpoints with clarity and confidence, politically-correct policies mean nothing. Diversity is about different people seeing the same things in different ways . . . whether those differences originate in socioeconomic background, culture, gender, or age.

    When you realize that buy-in cannot exist until people are really, truly informed, you will start to view communication as an individual issue, not a group issue. Consider the communication style of each person (here’s where personality assessments pay off) and tailor conversations accordingly. This is especially critical when you’re talking to people of different races and cultural/socioeconomic backgrounds. Look for opportunities for mutual, two-way communication. Ask for feedback, and make sure that your demeanor invites it. If the information is critical, communicate it at least four times—for instance, via a company-wide announcement, an e-mail, a personal conversation, and a follow-up memo. When something really matters, you can’t say it too many times.

    Sujansky admits that there are plenty of skeptics out there, people who believe that a company’s survival has more to do with slashing overhead to the bone or reorganizing or adopting the latest fad than it does with focusing on corporate culture. But she insists these naysayers are missing the point.

    “No matter how brilliant an idea or innovation may be,” she says, “if your people don’t have the drive, the commitment, and the dedication to nurture it and bring it to fruition, you might as well not bother. There will always be a competitor who can take your idea and do it cheaper, faster, better.

    “What your competition can’t replicate is your culture,” she continues. “If you have a company full of passionate, dedicated people, you have an endless source of brilliant ideas. Your employees have a stake in your company that goes beyond grabbing the next paycheck. They’re committed to growing the business. They engage customers. They enthusiastically showcase your brand. Everyone wants to be a part of what you have. You have an entire organization full of vibrant entrepreneurs—and that’s the key to thriving in the global economy.”

    HTTP = HTML link (for blogs, profiles,phorums):
    <a href="http://www.addyou.info/article/20797/addyou-How-To-Grow-A-VEO-The-One-Thing-Competitors-Cant-Steal.html">How To Grow A VEO (The One Thing Competitors Can't Steal)</a>

    BB link (for phorums):
    [url=http://www.addyou.info/article/20797/addyou-How-To-Grow-A-VEO-The-One-Thing-Competitors-Cant-Steal.html]How To Grow A VEO (The One Thing Competitors Can't Steal)[/url]

    Related Articles:

    Outsourcing Can Help Grow Your Business

    Service is a Two-Way Street

    Customer Service for Photo Processing Labs

    Bookmark it: del.icio.us digg.com reddit.com netvouz.com google.com yahoo.com technorati.com furl.net bloglines.com socialdust.com ma.gnolia.com newsvine.com slashdot.org simpy.com shadows.com blinklist.com