Undercover Insights and Hands-On Research: Unique CEO Strategies for Business Growth

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FORTUNE – Managers should focus on fostering meaningful engagement to combat employee burnout. Key strategies include recognizing and utilizing employees’ strengths, providing opportunities for professional growth, and ensuring clear, consistent communication. Empowering employees by involving them in decision-making and offering regular feedback can enhance their sense of purpose and connection to the company. Managers must also be vigilant in identifying signs of burnout and addressing them proactively to maintain a motivated and productive workforce.

By PAIGE MCGLAUFLIN | JUN 12, 2024

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McKinsey’s study revealed that companies empowering teams during transformations capture 67% of maximum financial benefits, compared to 37% for those that don’t. This strategy involves letting frontline employees, who know the business processes best, drive change. It’s about trusting your staff to make informed decisions quickly, rather than relying solely on top-down leadership.

The Journal of Complex Networks found that information spreads 10 times faster through social networks than traditional top-down methods. This approach suggests using internal social channels and organic networks to communicate change, creating a grassroots movement within the company. It fosters transparency and makes employees active participants rather than passive recipients of information.

By Sherzod Odilov | SEP 24, 2024
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Mr Black faced a major setback during the pandemic, as bars, their biggest customers, closed. They pivoted by using social media to reach coffee and cocktail lovers at home, promoting the idea of enjoying drinks in personal spaces. This strategic shift during a crisis helped the company grow and double its business in the U.S.

Mr Black differentiated itself by focusing on high-quality, single-origin coffee to create a liqueur that tastes like real coffee, not overly sweet alternatives. By offering something distinct in a crowded market, the brand attracted coffee lovers and built a premium reputation, helping them compete with bigger names like Kahlua.

By Amanda Breen | SEP 26, 2024
Read the original article at ENTREPRENEUR