Business schools dot the country’s landscape for one reason: to create effective leaders. These schools teach leaders to exhibit confidence, omniscience and competence, but what about listening? This trait is perhaps the most difficult of all leader attributes to acquire in part because as a leader listens, he admits that he may know less about building a sustainable business system than his title suggests. Consequently, listening is an expression of moral humility that can move a company’s center of gravity away from financial and operational theories to alternative sources of wisdom … namely a company’s stakeholders. Here are five practical benefits of doing so.
When you think of U.S.-based businesses, companies like Apple and Google often come to mind. However, one could argue that it’s the smaller businesses, defined as businesses with fewer than 500 employees, which drive the U.S. economy. Here are 10 interesting facts about small businesses in the United States: