Chances are your company already has a mission statement. Perhaps it adorns the walls of your office or, conversely, it sits on a shelf or in a desk drawer somewhere. If this is the case and you haven't seen or heard anything about your mission statement in a long time, it's time to review it. Unlike a vision and strategy, which can be achieved over time, a mission cannot be fully realised. It is...

Sometimes we think that everyone around us is to blame for our troubles. Surprisingly, our worst enemy is ourselves. And it is because of our self-destructive behaviour that relationships often break down - at work or in the family. There is a way out - it's time to learn to work on our mistakes. Don't give up too quickly Sometimes we get inspired by novelty, and when we get into the boring and...

One of the world's largest consulting firms, McKinsey, has announced that Bob Sternfels has been elected as the new global managing partner, the de facto head of the company. He will succeed the current head of McKinsey, Kevin Sneader, on 1 July 2021. Mr Sternfels, like the previous heads of the company, will be contracted for three years. He has worked at McKinsey for 26 years; at the time of...

Organisations spend a lot of time meticulously developing strategic plans to compete successfully in the marketplace. However, most executives estimate the success rate of these plans to be between 25% and 35% at best, while less optimistic experts cite a very low figure of 10%. Why is it so difficult? Myth 1: Execution means sticking to the plan Mike Tyson summed up his attitude towards enemy...

Some people seem to possess a magic wand when it comes to persuading others. In reality, it's not magic, but a science that can be learned. The human brain has three layers. The lower layer, the reptilian brain, provides the "hit or run" response. The middle layer, the mammalian brain, is the reservoir of emotion. The upper one, the primate brain, is responsible for the rational assessment of a...

Bank for millionaires Goldman Sachs has launched an asset management service for mass investors with a capital as little as $1,000. Unlike Robinhood and other companies that help first-time investors enter the market, Goldman will not allow newcomers to buy and sell individual stocks themselves. Goldman Sachs is launching Marcus Invest, an asset management service for investors with small...

You've already reached a certain point, but the next step is so far away that you can't even think about getting there yourself? You need a breakthrough. There are three key elements to a dramatic increase in results: getting help, investing, breaking away from the familiar. Let's look at each of these components separately. Get help This is nothing new, because, really, the first thing you...

On any given day in life, you are in one of three stages: aspiration, success, failure. At each of them, you are battling with ego. As Benjamin Franklin observed, whoever drinks from a cup to the bottom should be prepared to encounter sediment. But what if that sediment is not so bad? Harold Jenin noted, "People learn from their failures. They rarely learn anything from their successes." That's...

The modern world is stunning and distracting. News come from every screen, and we have many screens. Work is exhausting and never ends. How do we stop? How do we concentrate to think things through well and make an informed decision? What secret do those who manage to stay focused and cool in almost any situation have? You will not rush into a labyrinth. You need to stop and think about it. You...