Diversity and Inclusion – Return on Investment, part 3: Employee Productivity Enhancement

Unseen millions are lost by companies every year; the result of employees withholding the full commitment of their physical, intellectual, and emotional contributions. Surveys conducted by the Gallup Organization identified an 18 percent difference in productivity between the best and worst performing companies.1 Yet, as we shall explain, even the best performing companies have room for improvement.


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Diversity and Inclusion – Return on Investment, part 1: Employee Turnover Reduction

The cost of employee turnover is staggering and yet goes largely unrecognized. There is no financial statement line item, no general ledger entry, and no budget explicitly set aside for this expense that can cost an evenly modestly sized company well over a million dollars each year. And a significant portion of voluntary attrition is directly related to the abusive work environment many employees indicate exists within the marketplace today. Thus, improvements in workplace civility can directly improve the organization’s bottom line.


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Evaluation and Control Program Warning Flag 1 – The Illusion of Accuracy

Evaluation and Control Program Warning Flag 1 - The Illusion of Accuracy | StrategyDriven Evaluation and Control Article | Warning Flag“Measure with a micrometer, mark with a crayon, and cut with a chainsaw”
Author Unknown

Evaluation and control programs provide executives and managers with the critical information they need to make effective business decisions. However, an equally critical component of the decision-making process is the understanding that no data-set is a perfect reflection of reality. Therefore, it is important for business leaders to recognize the potential inaccuracies associated with their data in order to fully assess the risks these flaws pose to the achievement of desired outcomes.


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The following StrategyDriven recommended best practices are designed to reduce the likelihood leaders will receive data presented with an exaggerated accuracy.

Business Politics Practices – Managing Up Scapegoat Technique

Every good leader understands that the notion of managing up is a farce. Subordinates simply don’t possess the positional authority to “manage” – set priorities, established schedules and due dates, and direct actions – superiors. Any competent subordinate understands they are unable to manage upward and simply refuse to even try. Both the superior and subordinate understand the lexicon of managing up simply represents effective upward communication and nothing more.


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Disclaimer

The preceding experience and observation-based findings do not represent legal or professional advice for your specific situation. You should seek counsel from qualified individuals relative to your individual situation and unique circumstances.

Neither StrategyDriven; its principals, partners, and employees; nor any person acting on the behalf of them (a) makes any warranty or representation, expressed or implied, with respect to the accuracy, completeness, or usefulness of the information contained in this article, or (b) assumes any liabilities with respect to the use of, or for damages resulting from the use of any information disclosed in this article.

Project Management Warning Flag 1 – Unfunded Activities

Project Management Warning Flag 1 - Unfunded Activities | unfunded activities | StrategyDriven Project Management ArticleManaging a project to an on-time, on-budget completion has become increasingly difficult in the ‘do more with less’ reality of today’s business world. But what many project managers fail to realize is that their project is doomed from the start. Activities associated with a project’s roll-out and needed organizational change management often go unscoped and unfunded because they don’t directly contribute to the creation of the produce or service being developed. The cost of these activities is very real in terms of personnel and financial resources and the project’s ultimate success relies on their performance.


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