Tuesday, August 30, 2011
"Discontent is the first necessity of progress. Show me a thoroughly satisfied man and I'll show you a failure." --Thomas Edison
Research shows that workers who are in a bad mood pay more attention to the details and are more productive. That's a guiding principle in my management principles. Happy employees aren't actually doing their work. Thomas Edison realized this principle. A content man isn't doing anything; he's a complete failure. An employee who is discontent is far more likely to be one who is actually doing work. Manage you company to keep the workers unhappy, and you will have a more productive workforce.
Saturday, August 27, 2011
The Great Recession is drawing to a close as we see corporate profits go up. What's driving the uptick in financial results? Well, for starters, companies are getting more productivity out of their current employees and paying them less. I have always contended that paying workers more was a huge drag on a company. We see that bearing out in the current economy. With wages correcting back to their correct lower levels, we see companies performing better financially. This is why I like hiring as few employees as possible (preferably just one) and getting as much work out of my employees for as little pay as possible. It's a fun efficiency maximization problem that I enjoy doing for the health of my company.