Companies, Like People, Have Habits - Deepstash

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Not all company habits are profitable. Changing habits is hard, but some things can motivate us to develop winning habits.

INC

Companies, Like People, Have Habits

Companies, Like People, Have Habits

inc.com

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Not all company habits are profitable

Routines come easy and don't require much thought. We know which ones are beneficial, such as regular sleep and exercise. We also know which aren't so good for us, like overstressing or smoking. But habits are hard to break.

Companies also have habits. Some keep you afloat,...

Consumer engagement: The habit of regularly seeking customer input does not necessarily drive profitable growth. To do that, you need economic understanding. Companies with a widespread working knowledge of economics are more profitable.

Th...

Economic compensation gives employees a shared stake in the results and makes them economic partners. This encourages good habits that drive profitable growth.

It also creates a real team environment because it aligns motivation for owners, managers, and employees.

Turnover and continuous improvement activities are tracked. Relying on superficial incentives doesn't change a hired hand into a trusted partner.

When employees are treated like trusted partners, they think and act like owners.

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