This conclusion would be wrong, however, argues Tyler Leverty, assistant professor of finance in the University of Iowa’s Tippie College of Business.  According to this Newswise article, which references Leverty’s paper "Dupes or Incompetents: An Examination of Management’s Impact on Firm Distress," some CEOs significantly improve a firm’s performance, while others hurt it.

Writes Newswise,

[Leverty] found … good CEOs can remove their firms from regulatory scrutiny 8 to 16 percent faster than a poor manager.  And in insurance companies that are going out of business, a more talented CEO can get a better return on the firm’s assets by up to 10 cents on the dollar.

The takeaway is that events and other learning opportunities that deliver a good ROI for leaders are worth the investment – even in tough times.  This is why Winning Workplaces is excited to partner with Inc. Magazine to host the Creating Competitive Cultures (C3) Conference in Denver on October 27-29, 2010.  As Inc. says on their C3 website, CEOs and other attendees can expect to learn "the newest leadership strategies for developing the best possible company culture, one that results in a loyal, motivated, inspired, and focused team."

Click here to learn more about this event.  You’ll want to register by tomorrow, August 31, to get the early bird rate, a $300 savings.

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This week the Coleman Center shared with us two opportunities for business owners that can help them in building employee engagement for a more productive workplace.  In turn I’m passing them along to you:

Naperville GROW Peer Roundtable
The Coleman Center’s Peer Roundtables are a place where business owners can look to their peers – other business owners – for objective points of view that are experience-based, and receive support from others who have "been there and done that".

The Roundtable meets the fourth Friday of every month, from 8-11am at DePaul’s Naperville campus, beginning January 22.  To be eligible, members must be an Owner/Founder of a business that generates $500,000 – $5 million in annual revenue.

Membership dues are $188/month for the year-long program.  More information can be found at: http://cec.depaul.edu/what/peer-roundtables.php.

Business Owner Academy
The Coleman Center presents Business Owner Academy, a curriculum of courses that are designed exclusively for business owners, and taught by current/former entrepreneurs who have "been there, done that".  Courses integrate hands-on activities and homework that immediately apply to your business, and incorporate peer-to-peer learning for students to share experiences, challenges, and accountability.

Courses starting in April include:

• Modern Marketing: Engaging New Customers with New Media & New Technologies
• Finance for the Non-Financial Business Owner: Becoming as Smart as Your Banker & CFO
• Advisory Boards:  Build Accountability, Leverage Connections, and Benefit from Experience
• Harvesting, Transitioning, and Moving On: The Five Steps to Life After Your Business

If you’re in the area, think about participating in either or both of these events.  And while you’re at it, contact us to schdule a visit to our Evanston offices.  Order Generic Cialis Online without Prescription We’d love to speak with you in person about your workplace culture challenges.

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