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Three tips on using culture to transform your business

cross-functional teams focused on implementing needed strategies. This special project team, led and comprised of staff members with varying expertise, is an efficient method to implement the ancillary tasks needed to transform your business.
On the other hand, culture can hinder transformation when change is not aligned with the normal strategic flow of business.
If your culture is based heavily on hierarchy, peer-led initiatives may not be the best approach for successful transformation. Instead, develop change strategies to mimic the pulse of the organization such as allowing management to lead projects and include members of their team in the execution stages.

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Rubbing elbows with diverse people is not just for entrepreneurs

I constantly push the rest of my team at networking opportunities. My associates, like my partners, are buried doing filings, meeting clients across a spectrum of circumstances and traveling across the country. They appear with and speak for corporate and individual clients in court or with other officials. Their noses are as close to the grindstone as mine. So I encourage them to rub elbows with diverse folk, both potential clients and others.

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Investing: It’s not supposed to be easy

Superior investment results can only stem from a better-than-average ability to figure out when risk taking will lead to gain and when it will lead to loss. There is no alternative, but by definition, only a very small percentage of investors possess superior skill. In the end, according to Marks, there’s only one absolute truth about investing: It isn’t easy.

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Your culture is your brand; help it evolve

Culture doesn’t mean people have to drink the Kool-Aid, but it is just as important as your marketing strategy, R&D or your ERP system. Like those aspects of your business, it needs to be intentional.

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