Leadership Lessons | Are Incentives the Cornerstone of Life?

Does your incentive program REALLY drive performance?

You probably know someone, don’t you, who is a star performer who believes that her achievements go unrewarded?

If so, you probably also know an underachiever who gets more than he deserves.I

s there any greater disincentive to the high performer than knowing that under-performance seems to be equally rewarded?

Should there be a moratorium on bonuses?

I’ve talked about the value of incentives before, but it keeps coming to mind as I talk to senior executives who don’t seem to have spent any time at all considering whether their incentive plans are working as intended … or whether they need to be revised.

In some ways, it reminds me of the comment that Bloomberg attributed to Barney Frank, chairman of the House Financial Services Committee, during the $20 billion bonus scandals during the 2008-2009 financial meltdown.

According to Bloomberg, this was his comment … (more…)

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Business Finance | Why you should read Warren Buffett’s Letter

A Weekly Business Finance series for Non-Finance Executives!

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Read Warren Buffett’s Letter to Berkshire Hathaway Shareholders

So, why not  jump into the deep end right now by reading Business Finance is about much more than finance

I’ve said before that leaders don’t have the luxury of confining their interests to just a few things

(more…)

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