Directors Dilemma: Unreported Knowledge Winsome is a director of a large listed company. She has a strong track record in M&A advisory work and is now embarking on a non-executive career. She is finding the ‘hands off’ aspects of the role quite challenging as she is instinctively and by training a detail-focused manager. She has …
Starting a Business
Introducing our comprehensive guide on registering a business name in Montana! Whether you’re an enthusiastic entrepreneur or looking to expand your operations into the beautiful state of Big Sky Country, it’s crucial to ensure legal compliance and establish a strong brand identity through proper business name registration. In this guide, we will walk you through …
Introducing the ultimate guide to registering a business name in Alabama! Whether you’re launching a fresh endeavor or seeking to legitimize an existing one, it’s essential to go through the process of registering your business name to establish your presence within the state. In Alabama, you have various options, such as creating an LLC or …
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Rental properties are a great way to earn income either full-time or on the side. However, some states are better than others regarding returns on these types of investments. This article looks at the 10 best states to buy investment property this year (and the worst states for real estate). 1. South Carolina One of …
Guest post from Jack Hoban. What are Values? According to the dictionary, values are “things that have an intrinsic worth in usefulness or importance to the possessor,” or “principles, standards, or qualities considered worthwhile or desirable.” However, it is important to note that, although we may tend to think of a value as something good, …
Many people are used to reading or hearing of the moral benefits of attention to business ethics. However, there are other types of benefits, as well. The following list describes various types of benefits from managing ethics in the workplace. 1. Attention to business ethics has substantially improved society. A matter of decades ago, children …
Complete Business Planning Guide with Extensive Resources Copyright Carter McNamara, MBA, PhD. NOTE: Your business plan should be highly customized to your current organizational situation. Thus, using a generic business plan template could completely misrepresent the needed focus of your business plan. (This step-by-step manual is a complement to the topic How to Start Your …
Business ethics in the workplace is about prioritizing moral values for the workplace and ensuring behaviors are aligned with those values — it’s values management. Yet, myths abound about business ethics. Some of these myths arise from general confusion about the notion of ethics. Other myths arise from narrow or simplistic views of ethical dilemmas. …
Whether you’re starting a new business or converting an existing company to a limited liability company (LLC), the best LLC services can make it easy to do. Typically, LLC business formation services offer assistance with paperwork, filing, and registered agent services. We’ve gathered the top online LLC services according to what we think they do …
The LLC formation process can be complicated and time-intensive, especially if you are unsure about the regulations and laws that apply. This MyCompanyWorks review shows how the LLC service simplifies and speeds up this process. It’s a good choice for aspiring entrepreneurs who want to dodge the hassle of dealing with tons of legal paperwork. …
As the name suggests, Northwest Registered Agent at its core is a registered agent service, but in this review of Northwest Registered Agent you’ll see it offers a lot more. If you want to start an LLC, having a registered agent is a must to handle government, tax, and legal matters on your behalf. You …
Rental properties are a great way to earn income either full-time or on the side. However, some states are better than others regarding returns on these types of investments. This article looks at the 10 best states to buy investment property this year (and the worst states for real estate). 1. South Carolina One of …
Forming a business can be a challenging process, made more confusing by tricky terminology. A DBA can benefit any business structure if you understand how one works. This article takes a look at DBA meaning and the ways to use a DBA to set your company apart from the competition. Use ZenBusiness to facilitate the …
Are you looking for the best type of business to quickly start your own company and finally ditch your traditional 9-to-5 job? The market is growing and expanding due to changing trends, so if you have the ambition to start a new business in 2023, we’ve wrapped up the five types of business that will …
No matter which state you’re starting a limited liability company (LLC) in, you’ll need a unique name to do business with. States will not let you use a designation already taken by another business entity. Read on to discover how an LLC name search can facilitate this process. Check out ZenBusiness for all the tools …
Something as small as a business name can have a monumental impact on your success. The right name can bring in more customers than you thought possible, whereas the wrong name can effectively shut you down. Read on to discover how to come up with a business name that sets you apart from the competition. …
In today’s ever-changing business landscape, staying ahead of the curve and identifying the most promising business opportunities is crucial. Whether you’re a seasoned entrepreneur or a budding startup enthusiast, finding the right business idea can make all the difference in your success. To help you navigate the market, we have compiled a list of the …
In the fast-paced and ever-evolving business world, staying informed about the latest trends, insights, and strategies is crucial for entrepreneurs, executives, and professionals. While numerous sources of information are available, business newsletters have emerged as a popular and convenient way to receive curated content directly in your inbox. These newsletters provide valuable knowledge and save …
Are you an entrepreneur seeking valuable insights, inspiration, and strategic ideas from industry experts? Look no further! We have compiled a list of the 32 best business podcasts to help you stay up-to-date with the latest trends, learn from successful entrepreneurs, and grow your business. Whether you’re a startup founder, a small business owner, or …
Guest post from Jack Hoban. What are Values? According to the dictionary, values are “things that have an intrinsic worth in usefulness or importance to the possessor,” or “principles, standards, or qualities considered worthwhile or desirable.” However, it is important to note that, although we may tend to think of a value as something good, …
Many people are used to reading or hearing of the moral benefits of attention to business ethics. However, there are other types of benefits, as well. The following list describes various types of benefits from managing ethics in the workplace. 1. Attention to business ethics has substantially improved society. A matter of decades ago, children …
Business ethics in the workplace is about prioritizing moral values for the workplace and ensuring behaviors are aligned with those values — it’s values management. Yet, myths abound about business ethics. Some of these myths arise from general confusion about the notion of ethics. Other myths arise from narrow or simplistic views of ethical dilemmas. …
The following guidelines ensure the ethics management program is operated in a meaningful fashion: 1. Recognize that managing ethics is a process. Ethics is a matter of values and associated behaviors. Values are discerned through the process of ongoing reflection. Therefore, ethics programs may seem more process-oriented than most management practices. Managers tend to be …
It’s ironic that a word like “transparency” can have several confusing meanings, even in a business context. While transparency as a concept is often most visible in the realm of social responsibility and compliance, its real benefit is when it’s seen as a business priority. Transparency is about information. It is about the ability of …
What’s an Ethics Management Program? Organizations can manage ethics in their workplaces by establishing an ethics management program. Brian Schrag, Executive Secretary of the Association for Practical and Professional Ethics, clarifies. “Typically, ethics programs convey corporate values, often using codes and policies to guide decisions and behavior, and can include extensive training and evaluating, depending …
As opposed to offering opinions without having all of the background and knowledge, I thought it might be more helpful to start a discussion about the questions: Many people have written that Toyota’s problem was that it sacrificed a core value of safety for profit. To frame the issue this generally is to miss the …
Let’s Start With “What is ethics?” Simply put, ethics involves learning what is right or wrong, and then doing the right thing — but “the right thing” is not nearly as straightforward as conveyed in a great deal of business ethics literature. Most ethical dilemmas in the workplace are not simply a matter of “Should …
Whether you’re starting a new business or converting an existing company to a limited liability company (LLC), the best LLC services can make it easy to do. Typically, LLC business formation services offer assistance with paperwork, filing, and registered agent services. We’ve gathered the top online LLC services according to what we think they do …
The LLC formation process can be complicated and time-intensive, especially if you are unsure about the regulations and laws that apply. This MyCompanyWorks review shows how the LLC service simplifies and speeds up this process. It’s a good choice for aspiring entrepreneurs who want to dodge the hassle of dealing with tons of legal paperwork. …
As the name suggests, Northwest Registered Agent at its core is a registered agent service, but in this review of Northwest Registered Agent you’ll see it offers a lot more. If you want to start an LLC, having a registered agent is a must to handle government, tax, and legal matters on your behalf. You …
Registering your own business doesn’t have to be daunting. Business registration services exist to streamline the process from start to finish while keeping everything compliant down the road. The best business registration services can file business formation documents for you, provide registered agents, and prepare your annual reports. Best Business Registration Services ZenBusiness – Best …
IncFile makes it easy for you to form a new LLC or convert your existing business into one, thanks to its budget-friendly pricing, ease of use, and LLC registration features. In this IncFile review, we will explore the pros, cons, pricing, and features of the IncFile LLC service. Continue reading to find out whether it’s …
The process of forming a corporation or LLC (Limited Liability Company) can be complex and time-intensive. Fortunately, an online business formation service like ZenBusiness can make the process easier. In this ZenBusiness review, you’ll learn what else it offers beyond easy-to-use LLC services and competitive pricing. Our Verdict ZenBusiness at a Glance ZenBusiness has a …
Inc Authority makes it possible for you to set up a limited liability company (LLC) for free. It simplifies the business registration process through its extensive LLC formation services, excellent customer support, and affordability. In this Inc Authority review, we cover its pros, cons, pricing, and features. Find out if the Inc Authority LLC service …
After registering your business as an LLC, you have one more crucial decision to make. It’s whether you want to set up your management structure as a member-managed LLC vs manager-managed LLC. A member-managed LLC means the owners have combined control over business decisions. On the other hand, a manager-managed LLC assigns one or more …
Complete Business Planning Guide with Extensive Resources Copyright Carter McNamara, MBA, PhD. NOTE: Your business plan should be highly customized to your current organizational situation. Thus, using a generic business plan template could completely misrepresent the needed focus of your business plan. (This step-by-step manual is a complement to the topic How to Start Your …
Developing strategy takes time and resources. It requires the time and commitment of some of the most highly paid and highly experienced people in your organization. So, if your team isn’t willing to invest what is needed, I recommend that you don’t do it. Poor planning is often worse than no planning at all. So, …
How One Typical Facilitator (Mistakenly) Concluded the Client Wasn’t Doing Strategic Planning I got a call last week from a facilitator, asking for advice about an aspect of strategic planning. He kept asserting that his client, a manufacturer of outdoor recreational equipment, wasn’t doing strategic planning. I asked how he came to that conclusion. He …
As the strategy leader, you have seven activities to which I recommend you pay close attention to build a strong strategy that has full buy-in and commitment. Gain your team’s commitment and buy-in to the process If your leadership team members are like most with whom I have worked, they are stretched for resources and …
The historian Alfred Chandler of Harvard Business School wrote a seminal book published in 1977 on the history of strategic decision making at the highest levels of Corporate America , including DuPont, General Motors, Standard Oil and Sears Roebuck. The book was called The Visible Hand: The Managerial Revolution in American Business. In this work …
Legal Structures of Organizations Legal Forms and Traditional Structures of Organizations Market Research — Inbound Marketing Planning Your Research Market Research Find and Feed the Feeling Strategizing Understanding Strategy and Strategic Thinking Competitor Analysis Porter’s Five Competitive Forces (Part I) Porter’s Five Competitive Forces (Part 2) Competitive Intelligence Product Planning Product Management E-Commerce Sales and …
There is often a great deal of confusion about the difference between business plans and strategic plans. And, frankly, they are similar in many ways, and since each plan has to be tailored to the organization it is prepared for, one can easily blur into the other. In both cases, you begin with internal and …
The principles of strategy are timeless. The following notes on the essentials of strategy are drawn from the great works of strategy… Sun Tzu’s The Art of War, Napoleon’s Maxims, Clausewitz’ On War. Though dating up to 2,500 years ago, the advice of these strategists is helpful today no matter your competitive landscape, from high …
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Women on boards has been one of the most contentious topics of the last few years. In the UK, we had the Davies Report in February 2011 which set out a series of recommendations with the aim of increasing female representation to 25% on the boards of FTSE 100 companies by 2015. Although this was …
Rina has asked for your advice. She is a long standing director of a holding company for a large group of companies. The holding company Chairman, Quentin, has been a friend and mentor to her over many years. Recently the holding company bought a stake in a small listed company and Rina was appointed to …
The drive to create a business plan in the least amount of time has reached a new high … or low. Last week, Inc. 5000 published an article suggesting you can and should be able to present your entire business model on paper in (gulp) just 20 minutes. The idea is from a recent book, …
Peter has asked for your advice. He is a director of a not-for-profit company in the arts sector. A few months ago his organization’s funding was increased by 40%. The board and management were ecstatic. Shortly after the funding was announced the Chairman informed the board that he had authorised a staff member to change …
(Guest post from Hank Lewis.) An email said: My organization is 2nd in my life only to my family. I also feel responsible for the integrity of the organization and for protecting it from changes that would endanger that integrity. This organization works to create programs that bridge educational gaps between and about indigenous cultures. …
Olba has asked for your advice. She has been appointed to a government sector board to represent her local peoples in decision-making and resource allocation. The organisation has been constituted with legislation that mirrors many provisions of the corporations act. Directors are not paid but Olba is happy to gain experience and serve the community.
The Minister appoints the board members and also a ‘facilitator’ to chair the board meetings. Olba resents the facilitator and knows that her colleagues on the board share her feelings. The government use this facilitator for a number of board and committee functions; she is well credentialed, politically well-connected, and somehow a ‘power behind the throne’ with several local organisations.
The facilitator is paid a sitting fee and does not appear to carry the duties that are imposed upon directors under the legislation. She is also often late for the meetings, arrives without having read the papers beforehand, and, on one memorable occasion, got some way through the agenda before realising which board she was chairing. This appeared to be a major conflict of interest as it became obvious she was currently also chairing a board that competes with Olba’s board for funds.
Olba has done some governance training and a lot of reading on the topic. She aspires to be a prominent and useful board member and a good ambassador for her people. The facilitator could cause an embarrassment that would thwart Olba’s aspirations. She is also, in Olba’s opinion, not performing well enough and possibly harming the organisation.
What should Olba do?
By David Gebler and Donna Boehme In the wake of the Penn State child abuse scandal, many in the media were outraged by the NCAA’s decision to instantly vacate the university’s win record from 1998 through 2011. As two ethicists with a combined 40+ years working in the trenches with organizations and their cultures, we’d …