Saturday

BUSINESS MANAGEMENT: Micromanaging Is a Macro-Mistake.

A recent study by Cornell University has found that small businesses that granted workers more autonomy grew at 400% the rate of those that were tight-fisted. Moreover, these same companies had a profit rate 47 times higher — and less than 1% of the turnover rate. Here's a revealing, closer look:

• "We Are Family." Higher salaries met get people in the door, but providing a supportive, family-like work environment makes for a far more productive office (500% greater profit growth).

• "Join the Team." Businesses that hired employees who meshed with the organization performed much better than those hired for specific jobs (225% greater profit growth).

Source: Fortune Small Business, NOISE

No comments: