Status Guides - Business management practices

Effective Performance Management: How to Coach Employees?

An effective performance management system is usually based on ongoing employee coaching: developing action plans to support improvement, setting clear expectations, providing feedback, and having regular check-ins with employees to ensure they are on track and have the resources they need to succeed. It should also be tailored to each individual’s goals and objectives, and...

1500+ Best Company Vision and Mission Statements [by Industry]

Retail, Manufacturing and Science Mission Statements Part 1 Technology and Media Mission Statements Part 2 eCommerce & Social Networks Mission Statements Part 3 Humanitarian and Non-Profit Mission Statements Part 4 Travel & Accommodation Mission Statements Part 5 Finance & Investments Mission Statements Part 6 Insurance Mission Statements Part 7 Food & Beverage Mission Statements Part...

How to Create Company Mission, Values and Vision Statements? (Difference Explained)

Many times, when people refer to the company mission, values, and vision, they can use the three terms interchangeably and do not understand how each has a different impact on a company’s goals and objectives. A mission statement refers to the company’s objectives and often state a way for the organization to meet them. A...

How to Identify and Handle Employee Underperformance? 5 Proven Steps

Every company may experience an ebb and flows in productivity due to a number of factors, but a lag in employee productivity can be troubling if leaders do not get a handle on it. For leaders to efficiently do this, they have to identify where the poor performance is happening, and then dig deeper to...

Formal vs. Informal Communication (Examples, Challenges, Best Practices)

The two primary internal communication types are formal and informal communication: Formal communication is communication through pre-defined channels set by organizations. They are typically conveyed from top leadership to various departments that funnels down to lower level employees. It is backed by organizational procedure, and it is necessary to fulfill the goals of the organization. Informal...