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Managing underperformers shouldn’t just be about criticism and highlighting what's going wrong. An important part of helping someone get back on track is reminding them of how successful they ...
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The cover of The Peter Principle (1970 Pan Books edition). The Peter principle is a concept in management developed by Laurence J. Peter which observes that people in a hierarchy tend to rise to "a level of respective incompetence": employees are promoted based on their success in previous jobs until they reach a level at which they are no longer competent, as skills in one job do not ...
Image source: Getty Images. The pitfalls of sector rotations. One of the worst moves an investor can make is jumping out of a company or sector just because it is underperforming in the short term ...
A vitality curve is a performance management practice that calls for individuals to be ranked or rated against their coworkers. It is also called stack ranking, forced ranking, and rank and yank.
In the Dilbert comic strip of February 5, 1995, Dogbert says that "leadership is nature's way of removing morons from the productive flow". Adams himself explained, [1] I wrote The Dilbert Principle around the concept that in many cases the least competent, least smart people are promoted, simply because they’re the ones you don't want doing actual work.
For example, he pointed out, say a person with a $1 million portfolio makes some kind of mistake, such as putting assets in the wrong type of account, panic selling or not adjusting an investment ...
She found that people respond better to situations than to top-down orders and managers should give people the means and willingness to respond to given situations instead of merely giving orders: "My solution is to depersonalize the giving of orders, to unite all concerned in a study of the situation, to discover the law of the situation, and ...