|
Post by billyg on Oct 8, 2013 14:27:00 GMT -6
INSTANT MBA: Building A Business Based Only On Great People Will 'Set You Up For Failure'
Relying solely on finding and hiring the best people to carry a team is not exactly the best way to optimize a company for success. You should instead, create the best process for your company which allows any and all sales people to succeed at the highest level. By hiring everyone simply because they are or have been the best at what they do, you encourage no one to improve their sales ability. If you instead show all employees how to use a great system, all employees have the encouragement of everyone to improve together.
|
|
|
Post by boris on Oct 8, 2013 21:02:08 GMT -6
INSTANT MBA: Building A Business Based Only On Great People Will 'Set You Up For Failure'
Having the best employees does not necessarily give the best outcome for the company. For example a manager could be great at doing his tasks perfectly and quickly, but he is not great at managing people and dealing with HR type of problems. The solution as the article states is "optimize your people" which the company should find what each employee is best at and assign their position in the company.
|
|
|
Post by brittanyfury on Oct 15, 2013 13:43:29 GMT -6
INSTANT MBA: Building A Business Based Only On Great People Will 'Set You Up For Failure
If you start a business expecting to hire only to best employees out there, you might find yourself disappointed. In order to have the "best of the best", managers need to create a process that helps to optimize the potential of their employees. Hands-on training, constructive criticism, and feedback will educate the employees of what's expected. Raising the bar for employees from time to time will create motivation and inspire greatness. Ask yourself as a manager and business owner what you really want in your employees then you will be able to decide how to incorporate or sharpen those qualities in employees.
|
|
|
Post by dipanjali1 on Oct 17, 2013 9:31:09 GMT -6
INSTANT MBA: Building A Business Based Only On Great People Will 'Set You Up For Failure
I agree with this article to great extent. It indeed is very true that having the best people at work doesn't guarantee you success. In fact, success is a combination of several factors, and human resource is just one of them. You need to have great process that complements the skills of the human resource. Business process should be designed in such a way that it optimizes the resources and produce superior results. Also, human resource doesn't necessarily have to be the team of super talented geniuses, but rather a team of dedicated and motivated individuals who complement each other.
|
|
|
Post by bneedham on Oct 20, 2013 13:48:57 GMT -6
INSTANT MBA: Building A Business Based Only On Great People Will 'Set You Up For Failure'
This theory is very true. It is important to utilize your employees and train them properly to make them the best that they can be. My personal philosophy is to always hire and teach. If you constantly bring on new employees and constantly train all of your employees to become better then you are not reliant on a few key players for your success. I have had people argue this with me that you cannot over hire because it stretches you too thin and your payroll cost go too high. I believe like in the article that you must operate a business like this to be successful. If you take the best employees and give them the most hours and keep educating them to get better the other employees usually quit or weed themselves out without you having to get your hands dirty firing people. This allows your business to keep only the best people you manage to hire and constantly grow.
|
|
|
Post by danielleolivier on Oct 23, 2013 13:36:34 GMT -6
Having the best of the best as far as employees go might work for some companies but not so well for other companies. Hiring employees is building the structure and the every day process of your business. Employees are representations of the company and the product or service and above all else, they must be passionate about the company. Creating a process or system that is easy to follow and easy for a manager to oversee is a great way to ensure that passionate employees, who may not be the best of the best, are able to come into the company and not only succeed as an employee but also help the company to succeed.
|
|
|
Post by sbardwell on Oct 24, 2013 10:04:48 GMT -6
INSTANT MBA: Building A Business Based Only On Great People Will 'Set You Up For Failure'
If a person is the best at something and they do not fit into your company culture, they will ultimately fail and could damage your business in the mean time. Just because a person has been successful at one task does not mean they will succeed on another. They may fail on your time, which could work to your advantage but a company could benefit from those who show passion for the job but has not proved success yet. As the article states, a reliable internal system can help people as well as the business prosper. Sometimes, those who are proven successes have an “I’m the best” attitude which could damage efforts. Take for example Ron Johnson at JC Penny. He was an utter failure at JC Penny but had been a great success at Apple.
|
|
|
Post by cory on Oct 31, 2013 12:05:52 GMT -6
INSTANT MBA: Building A Business Based Only On Great People Will 'Set You Up For Failure'
I agree with this article. When assembling a team to help you run your new business, it is not essential to find the best available candidates. Often times, they may be the best in their field, but not necessarily the best for you industry. It may be more beneficial to find someone that can grow with your business and not someone that thinks they know everything and feel they have nothing left to learn. It's most important to find the person who has the "potential" to be the best, not someone who already thinks they are.
|
|
|
Post by w0384905 on Nov 4, 2013 20:39:15 GMT -6
INSTANT MBA: Building A Business Based Only On Great People Will 'Set You Up For Failure'
This article talks about building a business is more than just having great people. IF you set your business up with great people that's good but it might not help you succeed. You have to have people that know what they are doing and have experience. I want to fill my business with experts that can bring me and my team more knowledge. If you do this your business will do very well.
|
|
|
Post by jessicareid on Nov 7, 2013 11:04:43 GMT -6
INSTANT MBA: Building A Business Based Only On Great People Will 'Set You Up For Failure'
Mr. Jim Burleigh is the CEO of Cloud9, a revenue performance and analysis service. His advice is that rather than focus on recruiting and retaining the absolute best employees, processes should be designed in order to optimize all members' unique skills and abilities. By solely relying on human capital, the company puts itself in a vulnerable situation. I don't entirely agree with the assertion that great people are unnecessary to business success. Team building and fully fleshing out and manipulating all the members' advantages is a great strategy. However, I think the team on your side is your greatest asset. By starting out with loyal employees that fully believe in your vision, your company has greater flexibility and has a better shot at success.
|
|
|
Post by darrell2009 on Nov 8, 2013 12:41:36 GMT -6
INSTANT MBA: Building A Business Based Only On Great People Will 'Set You Up For Failure' Having a whole team of highly skill worker doesn't sound bad to me, of course there are not going to promise you a successful business but to me they will put you in a good situation to that your business to that next level. Of course you don't always need a superstar team but not a negotiate out come not to have one.
|
|
|
Post by christiebrown on Nov 8, 2013 13:13:50 GMT -6
I definitely agree that it is highly important to hire good employees that you can count on. At the end of the day, if you do not have good employees, you can almost count on your business to fail, especially if it has any aspects with customer service. Knowing the difference between who will be a good asset to the company and who will not really benefit anyone or anything is crucial in the hiring process.
|
|
|
Post by ashleylevernharrison on Nov 9, 2013 19:53:07 GMT -6
INSTANT MBA: Building A Business Based Only On Great People Will 'Set You Up For Failure'
Having a team of great people doesn't guarantee success, but, I do believe that a company does need its people to be good at what they in order to be successful. Every employee has strengths and weaknesses and in order to get a successful team together, you have balance out each person's strengths with each person's weakness. Doing this will ensure that each employee will be able to catch the mistakes that another employee has made and this will help the projects to grow and to be successful.
|
|
|
Post by w0415498 on Nov 9, 2013 22:41:14 GMT -6
Knowing what drives your organization creates a process and showing people how to use it will help the organization succeed. As long as you can make sure you and everyone else in the organization is on the same page, the process will be successful. And that’s all that matters. Communication is the key.
|
|
|
Post by kselders on Nov 10, 2013 10:06:26 GMT -6
According to Jim Burleigh, it his theory that one shouldn’t rely on only the minds of great people to build a business. I would have to agree. Yes, great minds think alike but, but you want to be able to separate that from your business. If everyone thinks the same, how will you set the tone to be different? When developing a strategy to start a business, gather those who are great enough to assist you with a certain thing but, have room to grow and think outside the box. For example, you don’t want to hire a person such as Queen Elizabeth and expect her to understand the needs and wants of the average consumer. She not only inherited wealth and may offer a lot of wisdom but, she wouldn’t be a candidate to give you expertise on what Sally the homemaker needs. It’s easy to look down from the top but, until you have first-hand experience or hire someone that does to give you feedback, your business won’t reach its full life expectancy.
|
|