The Great Game of Business is a philosophy emphasizing open-book management, employee engagement, and financial transparency to drive business performance and success. Every employee at your business will understand the company's financials and how their individual roles give them a stake in the outcome for themselves and their work.
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How SRC Uses High-Involvement Planning™ to Take Advantage of Downturns
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In our personal lives, we are terrible predictors of our future selves. Uniformed, we buy houses based on a salary we believe will only increase. We buy cars thinking the price of gas will stay the same. We subscribe to memberships and services thinking we’ll always use them. We constantly seek stasis in a world that is constantly changing.
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What would happen if you treated every decision like it’s a million-dollar bet?
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Whispers of a looming economic downturn akin to the Great Depression of the 1930s grow louder. Yes, we’re in a time of economic prosperity right now as the stock market climbs higher, people are finding great jobs, and businesses continue to earn more profits.
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2023 was the year ChatGPT and AI took the workplace by storm. Beyond that, it forced employers to look at their balance of technological tools that help current employees do their jobs better while seeking ways to invest in technology to reduce their overall costs.
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Employee retention, particularly for your best employees, continues to be a challenge. First, there was the pandemic. Then, there was the fallout from that with the Great Resignation. Other challenges are presenting themselves as Baby Boomers are retiring in massive numbers, leaving an employee gap that is becoming increasingly harder to fill because Gen Zers are not necessarily stepping into traditional employee roles.
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Innovative bonus plans go beyond traditional, straightforward models and use creative and strategic approaches to motivate employees.
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Like most business owners, you seek innovative ways to motivate your teams, enhance productivity, and achieve sustainable success. One powerful strategy is the implementing bonus programs.
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