Martin Lustgarten and Organizational Management

How do you get your team working together properly? Alan Mulally saw that with the Boeing 777, there was a clear benefit to encouraging his employees to be devoted to helping each other, rather than competing with other departments. Melting the boundaries between different professions is ideal, because than everyone learns from each other. Mulally later went on to successfully steer Ford through the 2008 recession when Ford’s competitors had to beg the government for handouts.

Properly managing your employees requires knowing that people are different. People are an investment. If you neglect them, they will neglect your business. Figure out what the people in your organization are great at doing. There are so many inefficiencies that occur because individuals are unwilling to help each other.

Encouraging innovation from the bottom of the organization can help. Many American companies run on the seniority model, where those longest with the company run the show. The Peter Principle is the economic law that every member of an organization is promoted until they reach their basic level of incompetence. This essentially means that the top managers of most companies are incompetent. A wise investor does not base their decisions on the business models of the past. They understand that this is a highway to slow growth and eventual failure, like the Kodak Company.

It is very important that in your hiring decisions you do not judge based on the outward flashiness of the candidate. This is why blacks continue to get screened out of job interviews, despite their creative and artistic way of handling many problems. Be willing enough to see your natural biases and eliminate them to see your profits grow larger.

Martin Lustgarten enjoys giving investment advice with tools from the top experts in the investment community. Martin knows that many companies suffer from emotional biases that clog their growth. Removing those biases helps growth improve.

Martin Lustgarten is glad to help individuals and investors succeed using wise organizational management. If you would like to contact Martin Lustgarten, you can reach him at his Linked In account. Martin looks forward to hearing from you.

 

 

Evaluating Handy’s Strategy for Profitability

In early 2016, residential cleaning services provider, Handy was on the brink of collapse. Things were particularly dreadful for co-founder Oisin Hanrahan, whose policies were faring poorly. He dreaded Tuesday mornings since the firm’s leadership team held its meetings at that time. Every week, Oisin was forced to cope with the fact that business strategies that he had backed were flopping.

The main challenge that the company faced at that time was finding a way of rolling out its online onboarding process. Oisin’s partner, Umang Dua had voiced his resistance against the process all along. He thought that it would be impossible to complete it without human help. Nonetheless, the two entrepreneurs agreed to carry out an incomplete test run to establish the effectiveness of the new system. It was subsequently rolled out in Washington and Miami with great success. This heralded its introduction in all the major markets of the company. See, https://www.handy.com/cleaning-services/new-york.

Bucking the Trend

Handy’s establishment came at a time when most startups were struggling to stay afloat. The prevailing climate of skepticism made matters even worse since most investors were not willing to plough their funds into dicey ventures. Luckily, Handy was able to raise enough venture capital that cushioned it against turbulent market conditions. Despite a few challenges at the beginning, the onboarding process was successfully implemented. The co-founders have focused on profitability since they want to ensure that investors get their money back within a short time.

Handy in Brief

Handy.com was formed after Dua and Hanrahan met at Harvard Business School. The two noticed that there was a niche in the on-demand cleaning market, which they sought to address. Since then, Handy has established itself as the go-to and trusted cleaning services provider. It makes use of the services of fully vetted professionals, who are always at hand to address clients’ needs. The firm offers money-back guarantees, something that has endeared it to customers.

 

Online Reputation Management: What Goes Online Stays Online

In many cases, what goes online will stay online. This is why it is important that the user is careful what he releases online. It can have a huge effect on his reputation. Therefore, if something is released that is really damaging to the person’s online image, then it is potentially going to have a large effect on his life. To make things worse, he is not the only person that has control over his online image, there are others that have control over his image as well. Therefore, it is important that he has a plan in order to handle the possible damages that could come as a result of damaging content.

Fortunately, there is something that could handle the damages of certain content. This is called online reputation management. While there are some forms of online reputation management that the user could do on his own, there is one factor that gets in his way. This factor is time. For one thing, information about the user could appear anywhere on the net. Often times, it emerges from a site that the user has never heard of. However, it is that site that has an effect on his online reputation. Fortunately, there are options.

Among the options that one has are online Reputation Defender  companies. These firms not only have the skills to handle one’s online reputation, but also has the time to implement the techniques needed to protect the user from any long term damages that could be done by the bad review or content. If one thinks about reputation management really early in the game, then he will be able to handle any damages that are thrown his way. He won’t fall into the usual traps that the other business owners fall into. They will be able to keep the business going with constant releases of positive news.