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January 9, 2014

Best Management Tool; Best Management Question; 3 Barriers to Scaling Up

"…keeping you great"

HEADLINES: (Happy New Year!)

To Start the New Year — …here are three quick reads (I'm still vacationing, thus the short insight):

Most Important Management Question here's a 79 second video describing the most important question biz leaders must answer to drive performance in their organization – hats off to John Ratliff for the insights and Joe Polish and his Genius Network for the illustrated video.

Three Barriers to Growth — my latest Fortune article details the three primary barriers to scaling up a business:

  1. The Inability of Leaders to Let Go
  2. Being a Cheapskate (not funding systems)
  3. Not Adjusting to Unforgiving Market Dynamics.

Please take 2 minutes to scan the specifics.

Best Low Tech Management Tool –…the lunch table!! This Entrepreneur magazine article highlights how companies (SpareFoot in Austin is one example) are encouraging employees to eat lunch together – and the size of the table matters. A long 10 – 12 person table facilitates connections much better than small four-person tables. John D. Rockefeller's daily luncheon with his 9 directors is coming back in vogue!! Take 3 minutes to read through this insightful article. And don't forget Big Ass Fans' ritual of management hosting an informal dinner with a few employees each week. The Latin meaning of company is "to share bread" – decide to "Never Eat Alone" in 2014!!


Need help implementing the Rockefeller Habits?

Verne Harnish
Verne Harnish
Verne Harnish is founder of the world-renowned Entrepreneurs’ Organization (EO) and chaired for fifteen years EO’s premiere CEO program, the “Birthing of Giants” and WEO’s “Advanced Business” executive program both held at MIT. Founder and CEO of Gazelles, a global executive education and coaching company with over 150 coaching partners on six continents, Verne has spent the past three decades helping companies scale-up. The “Growth Guy” syndicated columnist, he’s also the Venture columnist for FORTUNE magazine. He’s the author of Scaling Up (Rockefeller Habits 2.0); Mastering the Rockefeller Habits; and along with the editors of Fortune, authored The Greatest Business Decisions of All Times," for which Jim Collins wrote the foreword. Verne also chairs FORTUNE Magazine’s annual Leadership and Growth Summits and serves on several boards including chairman of The Riordan Clinic and the newly launched Geoversity. He is an investor in many scale-ups. A father of four, he enjoys piano, tennis, and magic as a card-carrying member of the International Brotherhood of Magicians.