Managing New Leadership: Strategies for Handling Change and Avoiding Manipulation

Burning Business Bias: In some companies, new executives sometimes exaggerate problems in their company to look like heroes later. This strategy lowers expectations, giving them more time to make improvements. CEOs should be cautious of this, as it may create unnecessary drama and damage team morale.

Self-reflection on Leadership: When a new leader criticizes existing processes, it might reveal real issues. CEOs should stay open to change and use this as a chance to evaluate and improve their own operations, benefiting from the leader’s past experience in solving similar problems.

By Bobby Powers | SEP 12, 2024
Read the original article at FAST COMPANY

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From Dental Supplies to Car Rental Success: Stephen Alvarez’s Journey with Turo

ENTREPRENEUR – Stephen Alvarez, 26, transitioned from working at a dental supply company to becoming a successful Turo host. Initially, he supplemented his income by driving for Uber and owning a few cars. In 2018, inspired by an Instagram ad about a successful Turo host, Alvarez listed his cars on the platform. His father had instilled the value of self-investment and opportunity-seizing in him. He grew his fleet to 240 cars and earned $170,000 monthly. He sold a stake in the business and now manages the team. Alvarez believes anyone can do this with time and effort. Unlike traditional rental companies, Turo allows customers to select specific vehicles and avoid long lines. The app enables seamless vehicle access and return, providing a smooth and efficient rental experience.

By AMANDA BREEN | JUL 9, 2024
Read the original article at ENTREPRENEUR

Bridging Generations: Jotform’s Innovative Strategies for Workplace Harmony

1. Jotform’s weekly Demo Days: Jotform holds weekly Demo Days where cross-functional teams share projects without a single leader. This fosters collaboration across generations, giving everyone an equal voice. It’s a unique way to reduce generational friction and boost productivity by ensuring all employees, especially Gen Z, feel heard and valued.

2. Jotform’s Gen Z-led digital training: Jotform recruits younger employees to train senior colleagues on new digital tools. This not only helps older staff stay current but also engages Gen Z by recognizing their expertise. It creates a two-way learning environment, bridging generational gaps and making everyone feel important to the organization.

By Aytekin Tank | AUG 30, 2024
Read the original article at FORTUNE

Secrets of Time Mastery: Unorthodox Tactics from the Business Elite

IKEA founder Ingvar Kamprad scheduled his day in ten-minute blocks, protecting his time fiercely. This tight control helped him to stay focused and avoid time sinks. CEOs can learn to guard their time with precision, block out the calendar for focused work, and set clear boundaries to avoid distractions.

Warren Buffett’s “two-list” strategy emphasizes identifying and focusing on the top priorities. CEOs can adopt this approach by starting each day with the top three priorities that will have the biggest impact on their goals. They should avoid getting side-tracked and focus on what really matters, emulating the approach of successful leaders like Warren Buffett.

By Jodie Cook | SEP 18, 2024
Read the original article at FORBES

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