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I Advice - Overcoming Greater Odds Than Ever: The 2006 Best Bosses
Technology Careers in 21st Century er service ratings and increased productivity that improves the bottom line. Consider: The average growth rate for the past year among our 2006 winners was 40 percent.The field of technology is always characterized by change. In the era of technology and computers, even basic architecture are rendered obsolete in a matter of months. Over a last few decades, we have gone through several evolutions of computing models from large mainframe computers to the personal computers and the client server based models and now to Internet computing.What a difference a few years can make? In March 2000, the US capital markets were soaring, Information Technology (IT) was the Holy Grail and optimism was order of the day. The demand of IT professionals seemed limitless and US congress bowed to pressure from technology lobby ensuring a steady stream of IT professionals from abroad especially India. Now that US is entering a Paal Gisholt’s organization, Massachusetts-based SmartPak Equine, a retailer of horse and small animal products, leads this trend. While adding 20 employees to the 50 already on the payroll over the last two years, he guided his workers to increase sales by a whopping 177 percent. Gisholt was able to do this not by telling his people to hit certain sales targets, but by inspiring them to want to hit those targets – and not just for the company, but for themselves. Practices like employee stock ownership and open book management serve as The History of the Market System Sharing information with employees with the aim of fostering greater teamwork and productivity, engaging employees in new and creative ways and giving them unprecedented ownership over their work were just a few of the themes that emerged in our fourth annual “Best Bosses” recognition program, which we recently completed. Once again, this project was a wonderful experience that allowed us to put the best practices of some of the most innovative small and midsize business leaders in North America under the microscope.This article is an authorized excerpt from Ryan's book, Zero to One MillionOne of the most important advances needed for the creation of a market system took place sometime between 12000 and 10000 B.C. with the advent of specialization and the start of the Neolithic Age. Instead of each tribe hunting and gathering their food, different persons within each tribe would become experts at a certain task such as hunting, gathering, cooking, tool making, shelter making, or clothes making. As methods of agriculture improved, the first towns and cities were seen. Dependable food supplies allowed people to build permanent houses and settle in one area. As settlements increased in size, new forms of society such as religious centers, courts, and m This year’s 18 Best Bosses were selected by a panel comprised of academics, two previous Best Bosses honorees and Winning Workplaces board members and staff. The 2006 winners are: • Richard Caturano – President, Vitale, Caturano & Company • Linda Dunkel – President and CEO, Interaction Associates, Inc. • Mike Faith – President and CEO, Headsets.com, Inc. • Paal Gisholt – President and CEO, SmartPak Equine • Henry S. Givray – Chairman and CEO, SmithBucklin Corporation • Megan Glasheen – Managing Member, Reno & Cavanaugh, PLLC • Mellody Hobson – President, Ariel Capital Management, LLC • Dan Hoffman – President and CEO, M5 Networks • Jeffrey A. Hollender – President and Chief Regeneration Officer, Seventh Generation, Inc. • Keith Jacob – President, St. Louis Staffing • Timothy P. Keenan – President and Founder, High Performance Technologies, Inc. (HPTi) • Michael Lacey – CEO/President, Digineer, Inc. • Carl La Mell – President, Clearbrook • David M. Pierce – CEO and Chairman, ENA • Pete Snyder – CEO, New Media Strategies • Nicolas Thomley – President and CEO, Pinnacle Services, Inc. • Graham Weston – Chairman and CEO, Rackspace Managed Hosting • David Williams – President and CEO, Merkle Inc. In my editorial on last year’s Best Bosses, I spoke of the challenges of the economic landscape. These include fierce competition and evolving recruitment methods to land top talent, rising employee health care costs and developing staff to serve the organization’s needs in increasingly dynamic ways. These challenges have only grown more multifaceted in the past year – perhaps one reason that the National Federation of Independent Businesses, a leading small business advocacy group, recently reported that small business owners are, on the whole, the least optimistic that they’ve been in over three years. In other words, small businesses – the backbone of the American economy – are feeling challenged. Yet, this year’s honorees are weathering those obstacles with more than just a can-do attitude – they’re creating and honing best practices designed to equip their workforces with the knowledge and insight needed to perform at consistently stellar levels. The result? Motivated workers, high customer service ratings and increased productivity that improves the bottom line. Consider: The average growth rate for the past year among our 2006 winners was 40 percent. Paal Gisholt’s organization, Massachusetts-based SmartPak Equine, a retailer of horse and small animal products, leads this trend. While adding 20 employees to the 50 already on the payroll over the last two years, he guided his workers to increase sales by a whopping 177 percent. Gisholt was able to do this not by telling his people to hit certain sales targets, but by inspiring them to want to hit those targets – and not just for the company, but for themselves. Practices like employee stock ownership and open book management serve as s Pharmaceutical Sales Jobs Are Some Of The Most Sought-After Positions In Sales • Richard Caturano – President, Vitale, Caturano & CompanyPharmaceutical sales jobs are some of the most sought-after positions in sales because of excellent salaries and unlimited growth potential. Most pharmaceutical companies are offering lucrative packages aimed at acquiring the top talent in this industry. The pharmaceutical industry has consistently shown outstanding growth over many years and promises to continue as one of the greatest industries of the century.In the US alone, pharmaceutical companies sell more than $200 billion in drugs annually and employ more than a quarter of a million people. The aging population, which needs increased medical attention, is the primary driver. In addition, healthcare is shifting away from acute hospital treatment in favor of medicines. As a result, the ev • Linda Dunkel – President and CEO, Interaction Associates, Inc. • Mike Faith – President and CEO, Headsets.com, Inc. • Paal Gisholt – President and CEO, SmartPak Equine • Henry S. Givray – Chairman and CEO, SmithBucklin Corporation • Megan Glasheen – Managing Member, Reno & Cavanaugh, PLLC • Mellody Hobson – President, Ariel Capital Management, LLC • Dan Hoffman – President and CEO, M5 Networks • Jeffrey A. Hollender – President and Chief Regeneration Officer, Seventh Generation, Inc. • Keith Jacob – President, St. Louis Staffing • Timothy P. Keenan – President and Founder, High Performance Technologies, Inc. (HPTi) • Michael Lacey – CEO/President, Digineer, Inc. • Carl La Mell – President, Clearbrook • David M. Pierce – CEO and Chairman, ENA • Pete Snyder – CEO, New Media Strategies • Nicolas Thomley – President and CEO, Pinnacle Services, Inc. • Graham Weston – Chairman and CEO, Rackspace Managed Hosting • David Williams – President and CEO, Merkle Inc. In my editorial on last year’s Best Bosses, I spoke of the challenges of the economic landscape. These include fierce competition and evolving recruitment methods to land top talent, rising employee health care costs and developing staff to serve the organization’s needs in increasingly dynamic ways. These challenges have only grown more multifaceted in the past year – perhaps one reason that the National Federation of Independent Businesses, a leading small business advocacy group, recently reported that small business owners are, on the whole, the least optimistic that they’ve been in over three years. In other words, small businesses – the backbone of the American economy – are feeling challenged. Yet, this year’s honorees are weathering those obstacles with more than just a can-do attitude – they’re creating and honing best practices designed to equip their workforces with the knowledge and insight needed to perform at consistently stellar levels. The result? Motivated workers, high customer service ratings and increased productivity that improves the bottom line. Consider: The average growth rate for the past year among our 2006 winners was 40 percent. Paal Gisholt’s organization, Massachusetts-based SmartPak Equine, a retailer of horse and small animal products, leads this trend. While adding 20 employees to the 50 already on the payroll over the last two years, he guided his workers to increase sales by a whopping 177 percent. Gisholt was able to do this not by telling his people to hit certain sales targets, but by inspiring them to want to hit those targets – and not just for the company, but for themselves. Practices like employee stock ownership and open book management serve as Managing Conflict in the Workplace Technologies, Inc. (HPTi)Whenever you put a group of people into a work situation, there's potential for conflict. People bring to the job differing work habits, ethics, and modes of expression, and differences of opinion are bound to arise. Add to that issues of work allocation, opportunities for promotion, and other factors where employees are in a competitive situation with each other, and the likelihood of trouble is great.It's not possible to eliminate conflict from a workplace, but establishing clear guidelines for work responsibilities, promotion practices, and scheduling issues can go a long way toward creating a harmonious environment. Periodically reviewing employee responsibilities is necessary to make sure that one or a few employees don't end up doing a di • Michael Lacey – CEO/President, Digineer, Inc. • Carl La Mell – President, Clearbrook • David M. Pierce – CEO and Chairman, ENA • Pete Snyder – CEO, New Media Strategies • Nicolas Thomley – President and CEO, Pinnacle Services, Inc. • Graham Weston – Chairman and CEO, Rackspace Managed Hosting • David Williams – President and CEO, Merkle Inc. In my editorial on last year’s Best Bosses, I spoke of the challenges of the economic landscape. These include fierce competition and evolving recruitment methods to land top talent, rising employee health care costs and developing staff to serve the organization’s needs in increasingly dynamic ways. These challenges have only grown more multifaceted in the past year – perhaps one reason that the National Federation of Independent Businesses, a leading small business advocacy group, recently reported that small business owners are, on the whole, the least optimistic that they’ve been in over three years. In other words, small businesses – the backbone of the American economy – are feeling challenged. Yet, this year’s honorees are weathering those obstacles with more than just a can-do attitude – they’re creating and honing best practices designed to equip their workforces with the knowledge and insight needed to perform at consistently stellar levels. The result? Motivated workers, high customer service ratings and increased productivity that improves the bottom line. Consider: The average growth rate for the past year among our 2006 winners was 40 percent. Paal Gisholt’s organization, Massachusetts-based SmartPak Equine, a retailer of horse and small animal products, leads this trend. While adding 20 employees to the 50 already on the payroll over the last two years, he guided his workers to increase sales by a whopping 177 percent. Gisholt was able to do this not by telling his people to hit certain sales targets, but by inspiring them to want to hit those targets – and not just for the company, but for themselves. Practices like employee stock ownership and open book management serve as Lean Manufacturing Seminars ays. These challenges have only grown more multifaceted in the past year – perhaps one reason that the National Federation of Independent Businesses, a leading small business advocacy group, recently reported that small business owners are, on the whole, the least optimistic that they’ve been in over three years. In other words, small businesses – the backbone of the American economy – are feeling challenged.Lean manufacturing is a business proposal to reduce waste in manufacturing processes. The basic scheme is to reduce the costs methodically, throughout the product and production process, by means of a series of development reviews.Many companies have now added interactive real-time online seminars also called "webinars" to their portfolio of lean training opportunities for organizations worldwide. Webinars cover key topics required for in-house teams working to implement their lean future state plans.Lean advisors conduct sessions interactively, answering questions, giving quizzes, challenging assumptions, and leading group discussions via phone and the Internet, which is advantageous for organizations that work from the comfort and conv Yet, this year’s honorees are weathering those obstacles with more than just a can-do attitude – they’re creating and honing best practices designed to equip their workforces with the knowledge and insight needed to perform at consistently stellar levels. The result? Motivated workers, high customer service ratings and increased productivity that improves the bottom line. Consider: The average growth rate for the past year among our 2006 winners was 40 percent. Paal Gisholt’s organization, Massachusetts-based SmartPak Equine, a retailer of horse and small animal products, leads this trend. While adding 20 employees to the 50 already on the payroll over the last two years, he guided his workers to increase sales by a whopping 177 percent. Gisholt was able to do this not by telling his people to hit certain sales targets, but by inspiring them to want to hit those targets – and not just for the company, but for themselves. Practices like employee stock ownership and open book management serve as Branding - The Single Most Important Thing er service ratings and increased productivity that improves the bottom line. Consider: The average growth rate for the past year among our 2006 winners was 40 percent.As the manager of a business, you are constantly looking for ways to improve the many aspects of your company. Of course, there are a myriad of ways to accomplish this. To increase profit margins, you might look to lower product costs, make distribution more efficient, or lower overhead. No matter what you do, however, nothing will be as effective as it should be unless you first establish an effective brand.What Brand IsIt seems that the term "branding" is being bandied about a lot these days, so before we go any further, let me explain what branding is. While some of you may think of it as the buzzword au jour, others may understand its importance, and yet others may find it utterly confusing.The single most important thing you Paal Gisholt’s organization, Massachusetts-based SmartPak Equine, a retailer of horse and small animal products, leads this trend. While adding 20 employees to the 50 already on the payroll over the last two years, he guided his workers to increase sales by a whopping 177 percent. Gisholt was able to do this not by telling his people to hit certain sales targets, but by inspiring them to want to hit those targets – and not just for the company, but for themselves. Practices like employee stock ownership and open book management serve as standalone tools to constantly realign employees with the firm’s core values. “I have become a believer in letting our culture serve as the primary mechanism to generate alignment of goals within the organization,” he says. At Ariel Capital Management, the Chicago-based investment management and mutual fund company of winner Mellody Hobson, people-centered best practices include all-company staff meetings, tuition reimbursement and free breakfast on Thursdays. “People are everything,” Hobson recently told the Chicago Sun-Times. “Unless you figure out a way to create a culture that excites and motivates people, you won’t have a good business.” Hobson’s people return the value she and the management team place in them in spades. Case in point: When the company relocated its offices downtown, everyone voted. Of course, effective or innovative use of best practices is not the only thing that defines a great leader. Sometimes, surviving and thriving against overwhelming odds defines the executive’s path. In the case of Virginia-based information technology firm HPTi, President and Founder Timothy Keenan weathered the storm every leader hopes passes by his or her company: the death of a staff member. In 2003, Keenan – then COO – took the reigns of HPTi after its CEO, general counsel and accountant were killed in a plane crash. After the tragedy, Keenan resolved to demonstrate to both his customers and his employees that it would not impact HPTi’s viability. That same fateful year ended on a positive note, turning out to be one of the company’s most profitable. While their locations, industries, budgets and talent pools vary widely, this year’s 18 honorees do share some common ground – they have each embraced the core principles of a winning workplace: • Trust, Respect & Fairness With the above-mentioned challenges – and countless others – defining today’s sometimes rigid, always shifting economic landscape, America’s innovative and creative small business leaders serve as the foundation holding that landscape intact in times of turbulence. Our 2006 Best Bosses honorees represent a small sample of these leaders, but a prime sample nonetheless. Stay tuned as we watch for the next big thing to come from these great small organizations. Mary Corbitt Clark can be reached at info@winningworkplaces.org.
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