Top 5 Biblical Passages for Christian Business Leaders

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1. Mark 10:43-45

“But whoever would be great among you must be your servant, and whoever would be first among you must be the slave of all. For even the Son of Man came not to be served but to serve, and to give his life as a ransom for many.”

This passage from the Gospel of Mark is considered the central image of a Christian leader– a suffering servant. A leader who serves his/her constituents rather than being served by them. Leadership in the Christian sense is service for the sake of the Kingdom and self-emptying to empower others.

Under this model, the leader does not seek glory and power for his/her self but to promote and protect the common good even if this entails dying to one’s self and disregarding his/her self-interest.

In Catholic Church’s teaching, doing business is a form of service to God and people–the customers. Its ultimate goal is not really profiteering but serving the public by providing consumers with high-quality goods and services in order that they can enjoy the fruits of God’s creation.

serving we are GIF by Green Valley Community Church

A good and Christian leader must then strive to become a servant of God in the business organization, providing the public with quality goods and services.

As managers, they must not abuse their discretionary powers in the workplace but instead empower others to become servants and leaders too in their respective duties and areas of responsibilities.

2. Philippians 2:3

Do nothing out of selfish ambition or vain conceit. Rather, in humility value others above yourselves..”

This passage from the Letter of Paul to the Philippians can remind business leaders not to seek selfish ambitions or vain conceit. They must be humble, always conscious that positions of power in the business organization is temporary and meant for service.

Selfish ambition or conceit in the business organization can lead to unhealthy competition, politics, and sidelining of the corporate values just to get ahead of others in the promotion system.

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3. 1 Timothy 3:2

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Now the overseer is to be above reproach, faithful to his wife, temperate, self-controlled, respectable, hospitable, able to teach…”

This passage reminds business leaders to walk the talk, to witness what they preach in the workplace. A good and Christian leader is one who always provides a good example for others to follow.

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4. Proverbs 27:23-24

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“Be sure you know the condition of your flocks, give careful attention to your herds;  for riches do not endure forever, and a crown is not secure for all generations.”
Business leaders must not be only conscious about their position of power and authority, of the benefits and rewards they could get if they perform well in the company.
They must, first of all, know the real conditions of their employees in the workplace. They should check whether they are properly remunerated with a just wage by the company.
Corporate productivity is often tied up with the level of satisfaction of the workers with their wage and social benefits.
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5. Isaiah 41:10

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“Fear not, for I am with you; be not dismayed, for I am your God; I will strengthen you, I will help you, I will uphold you with my righteous right hand.”

In Church’s teachings, work is connected with one’s spirituality: A leader’s duty and role in the company must be part of his/her spiritual life.

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A Christian leader is one who is always conscious that the work of managing others in the workplace is part of his/her quest for salvation. Sanctification is not only expressed inside the Church but anywhere since God’s presence is everywhere. Thus, if business leaders are always aware of God’s presence in the workplace, he/she would never be fearful in his decisions and actions.

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Corporate Leadership is Cultural

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The ideal leader and leadership would depend a lot on the type of culture or corporate culture in business. Culture is a way of life of a society or business organization. The best leader is one who can mirror the corporate ideals or mission-vision of a business organization. Thus, if the business organization is selling cars of a particular country, then the ideal leader is one who knows best about the car industry and the mission-vision and corporate goals of his/her own company on how to promote and sell its cars to its chosen niche. The ideal leader of Ford, for instance, is one who knows by heart the American car tradition and corporate values of his/her company.

Discretionary Powers of Business Leaders

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All managers and business leaders have discretionary powers. What separates them from ordinary clerks or rank-and-file employees are their capacities to decide what to do for the good or bad of the company. Some leaders made bad decisions and inflict damage to the company not so much because they are evil or immoral people who were not screened properly by the management but because there is loose law enforcement system in the corporate culture. The brightest and efficient leader can commit illegal and illegitimate decisions if the checks and balances system of the company is loose and “toxic”. This reflects the type of leadership structure and culture of the organization. A rational and efficient corporate culture encourage transparent and charismatic leadership and provides a strong monitoring system. A company cannot expect its managers to be efficient and good leaders if the leadership structure, particularly the law enforcement system is weak. Business leaders have vast discretionary power and authority. And if these powers are not reined efficiently, the leadership style would be prone to abuse.

accomplishment-achievement-adult-1059120

There are basically two ways of strengthening the law enforcement system of the company. The first one is the strengthening of the internal control of the various levels and types of personnel in the company. This can be achieved by strengthening the social bonds of the various social groups in the company through community building activities and programs. A strong social bonding can inhibit corporate deviance, making each employee a brother’s keeper. Spiritual programs too can strengthen corporate bonding of employees and managers.

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The second form is empowering the monitoring and surveillance system of the company. If the social bonding is weak, external control is necessary to monitor abuses of corporate leaders. Putting up monitoring devices can be a great help to policy and law enforcement in the company. Regular evaluations by employees on the performance of their managers can also be of great help to monitor the performance of corporate leaders.

But law enforcement in the company can be of two types. It can be positive by providing incentives to people who perform well in the company and exceed corporate expectations. People respond to incentives. Thus, it is necessary for leaders to achieve higher goals rather mere obedience to the company rules and targets.

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The second and the most common type of law enforcement is, of course, strengthening the rules, sanctions, and punishments to those who commit corporate deviance. This is the negative approach which causes a lot of conflict and distrust in the company and makes managers and leaders despotic. It is often desirable to use the positive approach by providing attractive incentives to those who follow rules and exceed corporate goals and targets.

Photo Credits: Pexels.com/Pixabay.com

Is the Church Against the Capitalist System?

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When the social encyclical Centesimus Annus by Pope John Paul II was published in 1989 on the occasion of the fall of communism in Eastern Europe, some people in the press and the media have reported that the Pope has finally become a capitalist. By endorsing some positive as aspects of capitalism, the neo-liberalists and advocates of free trade thought that capitalism is a better economic system than socialism, the system adopted by many communist countries.

Bribe, concept for corruption

These reports are misleading if one reads the texts of the encyclical. In Centesimus Annus, the Pope praises some positive traits of capitalism but he also condemns its excesses. He never endorses capitalism as the victorious economic model over socialism that developing countries ought to follow to achieve true economic and civil progress. The Pope’s answer to the query whether capitalism is the indeed the preferred system or not is with qualification. He says:

The answer is complex. If by capitalism is meant an economic system which recognizes the fundamental and positive role of business, the market, private property, as well as free human creativity in the economic sector, the answer is certainly in the affirmative…But, if by ‘capitalism,’ is meant a system in which freedom in the economic sector is not circumscribed within a strong juridical framework which places it at the service of human freedom in its totality and sees it as a particular aspect of that freedom, the core of which is ethical and religious, then the reply is certainly negative (Centesimus Annus, n. 42).

What the Pope is praising in capitalism is its recognition of the positive role of business, the market, private ownership and free human creativity in the economy. These traits are obviously lacking in a socialist system where the state largely controls the business sector and private ownership and impedes freedom of its citizens to engage in business. However, the Pope qualifies his endorsement in the text. These traits are only praiseworthy if they are circumscribed within a strong juridical framework. In other words, the Pope is recommending that brand of capitalism that provides an effective and strong state intervention which is sufficient to regulate unbridled and unscrupulous capital accumulation in order to protect the common good from the excesses of free enterprise.

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A type of capitalism such as liberal or neo-liberal capitalism that lacks state intervention in protecting the common good from abuses of free trade, big business, and the free market is what the Pope rejected.  Pope John Paul II calls the latter as “idolatry of the market” that jeopardizes the common good. To him, “[e]conomic activity, especially the activity of a market economy, cannot be conducted in an institutional, juridical or political vacuum. On the contrary, it presupposes sure guarantees of individual freedom and private property, as well as a stable currency and efficient public service. Hence the principal task of the State is to guarantee this security so that those who work and produce can enjoy the fruits of their labors and thus feel encouraged to work efficiently and honestly” (Centesimus Annus, n. 48).

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The Pope, however, clarified that this state intervention must not be absolute and encompassing–such in the case of communist countries–so as not to curtain people’s freedom to engage in business. The primary responsibility in overseeing and directing the exercise of human rights in the economic sector belongs not to the State but to individuals and to various groups and associations that make up society (CA 48).

Employment contract

The State’s duty in this sphere is only to sustain business activities by creating conditions which will ensure job opportunities where they are lacking or by supporting them in moments of crises (Ibid). It has also a duty to dismantle monopolies that create delays or obstacles to development. It can also exercise a substitute function when social sectors or business systems are too weak or are just getting underway, and are not equal to the task at hand. However, this supplementary intervention that protects the common good must be brief as possible “so as not to remove from society and business systems the functions which are properly theirs, and so as to avoid enlarging excessively the spheres of State intervention to the detriment of both economic and civil freedom” (Ibid).

 

Is Corporate Culture Abstract?

Lighted Buildings at Night

In a business organization, culture is synonymous with corporate or company culture. It refers to the shared values, attitudes, standards, and beliefs that characterize members of an organization and define its nature. It is somewhat like ‘the operating system’ of the organization. It guides how employees think, act and feel. As such, corporate culture is an essential component in any business’s ultimate success or failure.

Culture as a Socially Learned Systems

Laptop on Table

Despite the diversity of cultural perspectives, one thing is common with regard to culture: culture is a socially-learned system in society or social organization, not a natural and biologically-determined reality. Thus, if culture is a socially learned system, then it can be changed and unlearned. It’s not fixed and immutable as many thought it to be. In fact, with the current globalization age, corporate cultures in the world are changing so fast because of cultural diffusion brought about by the transnational operation of a business, merger, acquisition, outsourcing, and networking of companies or multinational corporations. The major issue, therefore, is not whether a culture can be changed or not, but whether the person or group who wants to change it, particularly a toxic culture, has sufficient resource, influence, and political will to effect the intended change. Take note that culture change in a business organization can originate from the top with business owners and top managers initiating the change, or from below with organized groups or workers initiating the change. In the case of a merger, the change can come from an outside force, especially if the mother company is much bigger than the acquired firm.

Corporate Culture as a Lived Experience

Two Women Having Conversation on Stairs

Corporate culture is, therefore, a lived experience. It affects both the cognitive and material or behavioral aspects of people’s lives. It affects the workers’ social and economic life in the firm. If the firm, for instance, often delays the release of salaries due to bad management, the rank-and-file employees and their families would literally starve. Or if the firm does not provide skills training or career development for its employees and managers, the company’s productivity and brand can be affected. The point here is: Culture is not just an abstract reality, but, above all, a lived reality that affects all the members of a corporate community.

Three Persons Sitting on the Stairs Talking With Each Other

As a lived experience, corporate culture is experiential. Its totality could not be described on paper since it is the entire way of life of a particular business organization. It can only be fully understood and felt by people if they are immersed in it, participating in its day-to-day activities for a considerable period of time. Once people become regular members of the company as employees or managers and actively interacting with people, structures, and rules, they would soon discover the firm’s basic cultural patterns.  Thus, people could not fully understand and appreciate the generosity of Google’s corporate culture to its employees and managers if they are not part of the internal culture of the company.

This internal view of the corporate life by insiders is what anthropologists call as the emic perspective (insider’s view). Job seekers who do not have any idea of the inner workings of the internal culture of the hiring company may soon be discouraged or shocked if they discover as new employees that the corporate image of their new employer as projected in the social or mass media is not what they actually live or experience inside the company. Thus, acquiring an internal knowledge of a corporate culture can only be understood if one is part of the corporate community. Nonmembers can only gain the etic (observer’s perspective) or external knowledge of the firm’s culture. Only insiders such as employees and managers can feel and understand the basic patterns of their corporate culture as they belong to the firm’s corporate structure.

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An outsider or visitor may discover partially some of the firm’s cultural traits from afar but could not discover and live its basic cultural patterns and inner dynamics. But for an insider, a corporate culture can become too familiar to him or her that he or she can label its corporate culture as “toxic”, “employee-friendly” or”damaged”. Of course, these terms do not totally capture the complex patterns of the company’s culture, but they provide people an overall image on how to describe the basic cultural orientation of the firm. They can become a useful guide for top managers in changing or reforming the corporate life of the firm as well as for recruiters in selecting applicants who can fit into the corporate culture of the hiring firm.

Conclusion

Corporate culture is, therefore, not purely an abstract thing, but a lived reality. It may appear as an abstract reality mentally at the onset. But when one participates in the firm’s daily life, corporate culture becomes a “real” thing that affects the mental and physical life of people inside and even outside the company. It becomes the basic mold that shapes the corporate lives of employees and managers as long as they remain members of the business organization. Corporate culture is therefore like ‘the operating system’ of the business organization that guides people and employees on how to think, act, and feel inside the company.

Photo Credit: Pexels.com

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Top Leadership Strategies of Hugely Profitable Companies

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1. Treat People Well

season 3 hug GIF

There is no other sure way to succeed in business than treating people who are connected to the company. They can be employees, customers, managers, suppliers, and all other internal and external customers. The purpose of business is actually forming a community of persons with individual and family needs. John Zimmer, founder and president of Lyft said:

“Treating people well is great for business; it is complementary to doing well in business. What I do know is that most businesses require other people to help you get where you need to go. Whether that’s our employees, which we call team members, whether that’s in our case the drivers or customers, passengers who are using the service, great service, great hospitality, treating people well, having a good set of values. That is great for business” (Mazarais & Shotell, 2017).

2. Eliminate all needless busywork.

 reactions s reactions network hour managers GIF

A highly successful leader in a hugely profitable business is usually well-organized and knows his or her priorities and hierarchy of values in the company. At some point they all wonder, “Why is it so impossible to get everything done?”

But the answer is stunningly simple: We’re doing too many of the wrong things.

frustrated peaky blinders GIF by BBC

“Several research studies have shown that people never get more done by blindly working more hours on everything that comes up. Instead, they get more done when they follow careful plans that measure and track key priorities and milestones. So if you want to be more successful and less stressed, don’t ask how to make something more efficient until you’ve first asked, “Do I need to do this at all?” (Quora.com).

2. Empower people in your company.

people GIF

Doing business is a team effort. It is not a one-man show. The business leader must know this fact. To be successful, he or she must know how to delegate power and empower people to become leaders in their own departments or areas of responsibility. Jason Downes: managing director at Powownow said:

“We should all take some time to consider how our own words impact those around us, whether making someone feel more confident or helping empower your colleagues at work.”

3. Spend time to understand the organizational culture.

video high quality GIF

A good business leader in a highly profitable company must know the corporate or organizational culture. When a CEO or manager is appointed to a company, he or she must first take some time to study the corporate culture before he or she starts governing the business firm. The corporate culture refers to the entire way of life of the company that includes people and non-human components of business.

John Brennan, CIA Director under the Obama Administration says:

“The most important thing for anybody who’s going to be taking on that responsibility, is use your first period of time, whether it be six, nine, 12 months, to learn as much as you can about the organization that you’re running. Understand how it interacts within itself, how it inter-operates with the rest of the intelligence community and the US government. You really need to have that in-depth understanding and knowledge in order for you to have the wisdom … (Mazarakis & Shontell, 2017).

3. Be transparent in running your business.

3d add GIF

As more companies open up about their processes and methods, customers are becoming savvier and hungrier for transparency. Fortunately, transparency does not require you to fork over trade secrets but it does mean being honest about how you conduct business. Your customers want to feel they can trust you. Openness and information sharing helps to build that trust (Ibid.).

4. Encourage employees to express their creativity.

2001 emmy awards only network executives can do that GIF

“Profitable and sustainable enterprises thrive on original thinking while copycat businesses shutter their doors as soon as the idea they have stolen loses its relevance. Since the successful conception and development of viable business ideas takes time and requires a flexible corporate structure, try setting aside a dedicated amount of resources to allow your employees to be creative on their own terms” (Ibid).

Jake animation text typography mograph GIF

“Google does this by giving its engineers 20 percent of their time to work on any project they want. This allows team members to develop products they are passionate about. Many times, that means more care and attention goes into each effort. Gmail is the most famous consequence of Google’s generous 20 percent time policy” (Ibid.).

5. Develop your business in line with technology.

commercial GIF

In today’s business world, technology is king. With the advent of information and communication technologies as well as the Internet, a highly profitable business must use creatively the latest technologies. Physical stores, for instance, are now gradually replaced by online stores because of technology, traditional marketing with digital marketing, walk-in hiring by online recruitment via the social media. “As the world becomes more mobile, if you aren’t making your business mobile, every minute your potential customers are passing you by and using companies that do use the the new way to engage.”

GIF Credits: Giphy.com

References

Kittaneh, F. (4 May 2015). “6 Secrets of Business Leaders Who Built Hugely Successful Companies”. Entrepreneur. Retrived from https://www.entrepreneur.com/article/245268.

Mazarakis, A. & Shontell, A. (25 Nov 2017). “10 CEOs and top executives reveal their best leadership secrets”. Business Insider. Retrieved from http://www.businessinsider.com/top-execs-tech-ceos-reveal-secrets-to-being-a-successful-leader-2017-11.

growthbusiness.co.uk (3 Oct 2017).”10 business leaders share their secrets to success”. Retrieved from http://www.growthbusiness.co.uk/secrets-to-success-business-leaders-2552460/.

Quora.com (13 March 2015).  “12 best-kept secrets of successful business people”: Answer by Vivik Raj on Quora.com. Retrieved from http://fortune.com/2015/03/13/12-best-kept-secrets-of-successful-business-people/.

 

Top Leadership Strategies of Hugely Profitable Companies

work security GIF

1. Treat People Well

season 3 hug GIF

There is no other sure way to succeed in business than treating people who are connected to the company. They can be employees, customers, managers, suppliers, and all other internal and external customers. The purpose of business is actually forming a community of persons with individual and family needs. John Zimmer, founder and president of Lyft said:

“Treating people well is great for business; it is complementary to doing well in business. What I do know is that most businesses require other people to help you get where you need to go. Whether that’s our employees, which we call team members, whether that’s in our case the drivers or customers, passengers who are using the service, great service, great hospitality, treating people well, having a good set of values. That is great for business” (Mazarais & Shotell, 2017).

2. Eliminate all needless busywork.

 reactions s reactions network hour managers GIF

A highly successful leader in a hugely profitable business is usually well-organized and knows his or her priorities and hierarchy of values in the company. At some point they all wonder, “Why is it so impossible to get everything done?”

But the answer is stunningly simple: We’re doing too many of the wrong things.

frustrated peaky blinders GIF by BBC

“Several research studies have shown that people never get more done by blindly working more hours on everything that comes up. Instead, they get more done when they follow careful plans that measure and track key priorities and milestones. So if you want to be more successful and less stressed, don’t ask how to make something more efficient until you’ve first asked, “Do I need to do this at all?” (Quora.com).

2. Empower people in your company.

people GIF

Doing business is a team effort. It is not a one-man show. The business leader must know this fact. To be successful, he or she must know how to delegate power and empower people to become leaders in their own departments or areas of responsibility. Jason Downes: managing director at Powownow said:

“We should all take some time to consider how our own words impact those around us, whether making someone feel more confident or helping empower your colleagues at work.”

3. Spend time to understand the organizational culture.

video high quality GIF

A good business leader in a highly profitable company must know the corporate or organizational culture. When a CEO or manager is appointed to a company, he or she must first take some time to study the corporate culture before he or she starts governing the business firm. The corporate culture refers to the entire way of life of the company that includes people and non-human components of business.

John Brennan, CIA Director under the Obama Administration says:

“The most important thing for anybody who’s going to be taking on that responsibility, is use your first period of time, whether it be six, nine, 12 months, to learn as much as you can about the organization that you’re running. Understand how it interacts within itself, how it inter-operates with the rest of the intelligence community and the US government. You really need to have that in-depth understanding and knowledge in order for you to have the wisdom … (Mazarakis & Shontell, 2017).

3. Be transparent in running your business.

3d add GIF

As more companies open up about their processes and methods, customers are becoming savvier and hungrier for transparency. Fortunately, transparency does not require you to fork over trade secrets but it does mean being honest about how you conduct business. Your customers want to feel they can trust you. Openness and information sharing helps to build that trust (Ibid.).

4. Encourage employees to express their creativity.

2001 emmy awards only network executives can do that GIF

“Profitable and sustainable enterprises thrive on original thinking while copycat businesses shutter their doors as soon as the idea they have stolen loses its relevance. Since the successful conception and development of viable business ideas takes time and requires a flexible corporate structure, try setting aside a dedicated amount of resources to allow your employees to be creative on their own terms” (Ibid).

Jake animation text typography mograph GIF

“Google does this by giving its engineers 20 percent of their time to work on any project they want. This allows team members to develop products they are passionate about. Many times, that means more care and attention goes into each effort. Gmail is the most famous consequence of Google’s generous 20 percent time policy” (Ibid.).

5. Develop your business in line with technology.

commercial GIF

In today’s business world, technology is king. With the advent of information and communication technologies as well as the Internet, a highly profitable business must use creatively the latest technologies. Physical stores, for instance, are now gradually replaced by online stores because of technology, traditional marketing with digital marketing, walk-in hiring by online recruitment via the social media. “As the world becomes more mobile, if you aren’t making your business mobile, every minute your potential customers are passing you by and using companies that do use the the new way to engage.”

GIF Credits: Giphy.com

References

Kittaneh, F. (4 May 2015). “6 Secrets of Business Leaders Who Built Hugely Successful Companies”. Entrepreneur. Retrived from https://www.entrepreneur.com/article/245268.

Mazarakis, A. & Shontell, A. (25 Nov 2017). “10 CEOs and top executives reveal their best leadership secrets”. Business Insider. Retrieved from http://www.businessinsider.com/top-execs-tech-ceos-reveal-secrets-to-being-a-successful-leader-2017-11.

growthbusiness.co.uk (3 Oct 2017).”10 business leaders share their secrets to success”. Retrieved from http://www.growthbusiness.co.uk/secrets-to-success-business-leaders-2552460/.

Quora.com (13 March 2015).  “12 best-kept secrets of successful business people”: Answer by Vivik Raj on Quora.com. Retrieved from http://fortune.com/2015/03/13/12-best-kept-secrets-of-successful-business-people/.

 

Top Leadership Strategies of Hugely Profitable Companies

work security GIF

1. Treat People Well

season 3 hug GIF

There is no other sure way to succeed in business than treating people who are connected to the company. They can be employees, customers, managers, suppliers, and all other internal and external customers. The purpose of business is actually forming a community of persons with individual and family needs. John Zimmer, founder and president of Lyft said:

“Treating people well is great for business; it is complementary to doing well in business. What I do know is that most businesses require other people to help you get where you need to go. Whether that’s our employees, which we call team members, whether that’s in our case the drivers or customers, passengers who are using the service, great service, great hospitality, treating people well, having a good set of values. That is great for business” (Mazarais & Shotell, 2017).

2. Eliminate all needless busywork.

 reactions s reactions network hour managers GIF

A highly successful leader in a hugely profitable business is usually well-organized and knows his or her priorities and hierarchy of values in the company. At some point they all wonder, “Why is it so impossible to get everything done?”

But the answer is stunningly simple: We’re doing too many of the wrong things.

frustrated peaky blinders GIF by BBC

“Several research studies have shown that people never get more done by blindly working more hours on everything that comes up. Instead, they get more done when they follow careful plans that measure and track key priorities and milestones. So if you want to be more successful and less stressed, don’t ask how to make something more efficient until you’ve first asked, “Do I need to do this at all?” (Quora.com).

2. Empower people in your company.

people GIF

Doing business is a team effort. It is not a one-man show. The business leader must know this fact. To be successful, he or she must know how to delegate power and empower people to become leaders in their own departments or areas of responsibility. Jason Downes: managing director at Powownow said:

“We should all take some time to consider how our own words impact those around us, whether making someone feel more confident or helping empower your colleagues at work.”

3. Spend time to understand the organizational culture.

video high quality GIF

A good business leader in a highly profitable company must know the corporate or organizational culture. When a CEO or manager is appointed to a company, he or she must first take some time to study the corporate culture before he or she starts governing the business firm. The corporate culture refers to the entire way of life of the company that includes people and non-human components of business.

John Brennan, CIA Director under the Obama Administration says:

“The most important thing for anybody who’s going to be taking on that responsibility, is use your first period of time, whether it be six, nine, 12 months, to learn as much as you can about the organization that you’re running. Understand how it interacts within itself, how it inter-operates with the rest of the intelligence community and the US government. You really need to have that in-depth understanding and knowledge in order for you to have the wisdom … (Mazarakis & Shontell, 2017).

3. Be transparent in running your business.

3d add GIF

As more companies open up about their processes and methods, customers are becoming savvier and hungrier for transparency. Fortunately, transparency does not require you to fork over trade secrets but it does mean being honest about how you conduct business. Your customers want to feel they can trust you. Openness and information sharing helps to build that trust (Ibid.).

4. Encourage employees to express their creativity.

2001 emmy awards only network executives can do that GIF

“Profitable and sustainable enterprises thrive on original thinking while copycat businesses shutter their doors as soon as the idea they have stolen loses its relevance. Since the successful conception and development of viable business ideas takes time and requires a flexible corporate structure, try setting aside a dedicated amount of resources to allow your employees to be creative on their own terms” (Ibid).

Jake animation text typography mograph GIF

“Google does this by giving its engineers 20 percent of their time to work on any project they want. This allows team members to develop products they are passionate about. Many times, that means more care and attention goes into each effort. Gmail is the most famous consequence of Google’s generous 20 percent time policy” (Ibid.).

5. Develop your business in line with technology.

commercial GIF

In today’s business world, technology is king. With the advent of information and communication technologies as well as the Internet, a highly profitable business must use creatively the latest technologies. Physical stores, for instance, are now gradually replaced by online stores because of technology, traditional marketing with digital marketing, walk-in hiring by online recruitment via the social media. “As the world becomes more mobile, if you aren’t making your business mobile, every minute your potential customers are passing you by and using companies that do use the the new way to engage.”

GIF Credits: Giphy.com

References

Kittaneh, F. (4 May 2015). “6 Secrets of Business Leaders Who Built Hugely Successful Companies”. Entrepreneur. Retrived from https://www.entrepreneur.com/article/245268.

Mazarakis, A. & Shontell, A. (25 Nov 2017). “10 CEOs and top executives reveal their best leadership secrets”. Business Insider. Retrieved from http://www.businessinsider.com/top-execs-tech-ceos-reveal-secrets-to-being-a-successful-leader-2017-11.

growthbusiness.co.uk (3 Oct 2017).”10 business leaders share their secrets to success”. Retrieved from http://www.growthbusiness.co.uk/secrets-to-success-business-leaders-2552460/.

Quora.com (13 March 2015).  “12 best-kept secrets of successful business people”: Answer by Vivik Raj on Quora.com. Retrieved from http://fortune.com/2015/03/13/12-best-kept-secrets-of-successful-business-people/.