Stephen J. Gill– is a guest contributor.
An Independent Consultant for Human Performance
He publishes a blog at: http://ThePerformanceImprovementBlog.com.
Evidence indicates that most of the U.S. and other developed countries are starting to emerge from the worst economy since the Great Depression of the 30s. The likelihood that we will return to those conditions again in the near future depends on the financial and operational viability of companies, but also, to a great extent, on how well companies manage their employees. If executives don’t attend to the factors that determine a high performance workforce, their companies will not thrive and survive.
Some researchers estimate that as many as a third of employees will “jump ship” as soon as hiring takes off again. These employees are not content with their current situations and are just waiting for new opportunities to become available. Those who remain, feeling survivor-syndrome stress, will not be fully engaged in their work and will not perform at their best. Having lost much of their talent, with institutional wisdom walking out the door, and with a remaining workforce that lacks motivation, these companies will not be able to compete in their marketplaces. Continue reading How to Develop a High Performing Workforce as the Economy Recovers from Recession
The greatest change that seems to take place in the recovering U.S. economy is an aging population with low level of spending due combined with a high level of unemployment, low growth in consumer incomes, and difficulty to obtain credit and the high interest cost credit.
On the other hand there is an increasing demand for products and services that have not been a priority during the recession. It is expected that this demand will increase as unemployment from the current high levels improves over the the next sixteen months. However, consumer growth in spending will very likely stay below 4% the historical levels. Continue reading How to Grow Your Company as the Economy Recovers from the Recession
In determining why you want to buy a company, you should ask yourself and develop answers for each of the following questions:
1) Do you want to run the business yourself or do you want others to help you?
2) How long you plan to keep the business;
3) Whether you plan to buy other businesses over time
4) If buying additional companies over time, do you plan to buy related or unrelated companies? Continue reading The Successful Business Acquisition Process – Step #2 – Acquisition Criteria and Your Initial Acquisition Plan