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Aug. 7, 2017: This Week's Best Business-Building Articles

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Aug. 7, 2017—To better assist shop owners with their production management, marketing tactics and leadership styles, Ratchet+Wrench has compiled a short list of essential business-building material from some of its favorite sources.

 

What’s Missing in Leadership Development? - McKinsey & Company

Organizations have always needed leaders who are good at recognizing emerging challenges and inspiring organizational responses. Unfortunately, there is overwhelming evidence delivering disappointing results. In this survey, McKinsey & Company asked executives to talk about the circumstances in which their leadership-development programs were effective and when they were not. The company found that much needs to happen for leadership development to work at scale, and there is no “silver bullet” that will singlehandedly make the difference between success and failure.

How to Create a Culture of Ideas: 6 Lessons From Nobel Prize Winners - Inc.

Have you ever wondered what makes Nobel Laureates exceptional? How do they develop original ideas and achieve breakthrough discoveries? What can Nobel Prize winners teach business leaders about creativity and innovation? Well, this Inc. article does just that by examining the traits and skills from several Nobel Prize winners.

How Honest Apologies Can Help Leaders Bounce Back - Knowledge@Wharton

Business and government leaders will benefit greatly from showing genuine remorse when things go wrong, even if they aren’t personally responsible for a mess. At the same time, leaders who fail to offer timely apologies—or shift blame to others—lose respect and credibility for themselves and their organizations. Arthur D. Collins, Jr., former chairman and CEO of Medtronic, detailes the power of an honest apology in an interview on Knowledge@Wharton’s SiriusXM show.

How to Manage and Retain Your Best Talent - Wamda

The debate over the best practices to retain and motivate employees is a never-ending one. Each and every startup founder has their own set of values, tools and approaches that help them retain their best talents. To better understand how startups are able to hold on to their human capital, given their small size and income, Wamda spoke to three entrepreneurs and here’s what they said about the subject.

Sequence or Schedule Ads Using Reach and Frequency - Facebook

With reach and frequency buying, you can use ad sequencing to deliver up to 50 ads to the same audience in a set order. You can also schedule your ads to run at specific times or on certain dates. This article guides you through how to sequence your ads when you want to tell a story or present information to people in a specific order. Sequencing becomes available after you've uploaded your ad creative and reserved your reach and frequency campaign.

 

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