How A Company Can Promote Resiliency

Richard stresses how important communication is from the leaders in the organization. He shares a story of a company using the “open-book” model so that everyone was aware of how the business was or was not growing. … Continue reading

Creating A Mindset Of Longevity

Richard discusses the reality that family owned businesses typically are the ones that last the longest. Family challenges include:  succession, sibling rivalry, not wanting to air their dirty laundry and maintaining values. Factors include sensitivity to the environment, maintaining cohesiveness across the business, maintaining a core set of values and being conservative with their money.

Using Our Knowledge To Promote The People In An Organization

Richard talks about how companies often have business recovery/resiliency plans but many organizations have not addressed resilience in regards to their staff members.

Organizational Resiliency

Richard discusses how organizations can become or maintain resilience by stressing three important factors:  predictability, flexibility and timeliness. Richard also shares reasons why companies fail.