Leadership is unlocking people’s potential to become better.
Bill Bradley
Bank of America is betting some employees won't want to quit if that means leaving thousands of dollars of stock on the table.
CNN
Leading@Scale – Feb 22, 2:22pm – 5:22pm ET
No charge, this is our next major virtual Summit co-hosted with YPO and EO globally. Featuring Warren Buffett’s protégé; the producer of the award-winning My Octopus Teacher; the YPOer who crowd sourced $6 billion in gold; and 5 other top-notch biz leaders – we’ll show how the powerful principles of nature, as detailed in Teeming 2.0 (my fave book of the century), are not fantasy or fiction – but alive in the most progressive companies. For more information and to sign up your team, this will be the most important 3 hours of exec ed so far this year!
BofA Grants $1 Billion Stock to All Employees
This CNN piece describes how Bank of American is granting restricted stock to virtually all its employees to attract and retain talent. They are banking on this working better than the cash bonuses they’ve been using (ave. $750 last year). The value of the restricted stock ranges from $2900 ($45 stock) to $27,000 and vests over 4 years starting in 2023. Replacing quarterly bonuses with longer term gain-sharing plans aligns with our 5 design principles in Scaling Up Compensation. Design your comp scheme to work better for you! Thx to Scaling Up Coach CEO John Ratliff for sharing.
Wikipedia for Business 2022 – Released this Week
It’s critical your Wikipedia listing is accurate and useful. Subtitled: The Rules & Latest Developments that Businesses & Communicators Need to Know to Succeed, author Josh Greene, CEO of the Mather Group, is also our Wikipedia advisor. He helped us correct many inaccuracies in our listings – including my birthdate and age! More importantly, Wikipedia, since it’s often the first thing that comes up when people search, needs to be a part of your overall SEO and online presence strategy. Grab a copy for $4.95 (Kindle version) for your CMO.
US First; China Second -- # of Gazelle Firms
With a specific definition of firms yet to be public but likely to become a “unicorn” (over $1 billion in valuation), the latest global list was released on Tuesday. US ranked first (and San Fran the top city) with 201 of the 525 globally; China ranked second (Shanghai and Beijing 2nd and 3rd cities) with 171. See this short China Daily article for the industries most represented and other details. Thx to Mirko Wormuth for pointing me to this article.
3000 Years of Business History in Two Minutes
Notes this Bain & Co article and video “Over the next 10 years, we will see the nature of the firm reshaped by the cumulative impact of external and internal forces.” Go to the 3-minute mark of the video and watch the next 30 seconds – in short, middle management is gone, division of labor is ending, and companies will need 2 engines. I agree and it’s why we’re hosting the Feb 22 event noted above – this is the new “nature” way to scale and it’s happening now – tune in and outlearn the competition. Thx to Paul Berman for sharing the link.
Weekend Countdown – 1-Minute of Wisdom
Enjoy this kickoff to your weekend – some bits of wisdom from a fresh set of wise teachers, updated each weekend.
https://vimeo.com/showcase/weekendcountdown
Order a box of 20 Scaling Up books
Want to save 50% over the price on Amazon? Go to this link.
Planning to Exit?
It’s the most critical decision a business owner will make in their lifetime – and over my 40 years of helping firms I’ve seen owners taken advantage of time and time again – leaving tens of millions on the table. You’re up against sophisticated buyers who have done hundreds of acquisitions – whereas this is often your first rodeo. And these buyers have a formula for ripping you off – and it works. Seeking help, owners find the big M&A firms, especially those specializing in your industry, are more beholden to the buyers than the sellers (they will tell you otherwise). They are not your friend in the process, just another transaction. Email me to get a white paper on what to avoid when exiting [email protected].
TECHNOLOGY:
ScalingUp ScoreboardIntegrated with Salesforce, Slack, and Zapier (allowing it to connect with 1000s of systems), use Scoreboard to provide your team (working remotely even more important!) a real time visual dashboard of cascading priorities and metrics. Get a personalized tour of Scaling Up Scoreboard to see how you can use it to better implement Scaling Up in your business.
EDUCATION:
Growth Institute Online Executive Education:
Master of Business Dynamics
Scaling Up Master Business Course
Exponential Organizations Master Business Course
Topgrading Master Business Course
We’re still in business coaching and training firms:
Melbourne, Australia – Feb 16, 2022 (In-Person)
Indianapolis, IN– Feb 17, 2022 (Virtual)
San Francisco, CA – Feb 24, 2022 (Virtual)
Dallas, TX - Feb 24, 2022 (In-Person)
Sydney, Australia – March 21 & 22, 2022 (2 Day In-Person Workshop)
Amsterdam – March 22, 2022 (New Cohort starts)
Brisbane, Australia – March 23, 2022 (In-Person)
Sydney, Australia – April 6, 2022 (In-Person)
Auckland, New Zealand – May 11 & 12, 2022 (In-Person 2 Day Master Class)
Melbourne, Australia – June 7, 2022 (In-Person)
Sydney, Australia – Aug 3, 2022 (In-Person)
Melbourne, Australia – Sep 13, 2022 (In-Person)
Sydney, Australia – Oct 6, 2022 (In-Person)
Melbourne, Australia – Nov 22, 2022 (In-Person)
Better Book Club –
What's your team reading? Increase your books read per team member. Easy, Proven, and in the Cloud at http://www.BetterBookClub.com.
Write Your Own Book
Whether you want to make it to the bestseller lists or just sell a lot more of your goods or services, with a profound competitive edge over the competition, Book The Business: How to Make BIG Money With Your Book Without Selling a Single Copy is for you! Request your free copy of this ground-breaking book at advantagefamily.com/scalingup.
COACHING:
Ready to scale but looking for guidance?
Work with a Coach! Scaling a company is hard, but you don’t have to go it alone. Our Scaling Up Certified Coaches™ are masters at guiding you and your leadership team through the implementation of the Scaling Up Performance Platform, all with a custom and diagnostic approach to each unique company.
Learn more about what it’s like to work with a Scaling Up Certified Coach™ by scheduling a complimentary, personal follow-up. CLICK HERE! Or check out our FAQ’s. Additional questions can be sent to [email protected].
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