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<p>Best Business Practices</p> <p>Business management is about far more than managing operations and finances; great business management requires leadership that keeps teams motivated and eager to achieve success.</p> <p>Happy motivated employees are more productive and help encourage others to be productive, too. Knowing what motivates teams, how to maintain motivation even in difficult times, and learning how to streamline operations so employees can work efficiently and effectively are all key to achieving and maintain success. </p> <p>Leaders agree</p> <p>Success starts with leadership at the top.</p> <p>It’s all about implementing tried-and-true business management practices. The company’s employees are its most valuable asset.</p> <p>With an online Master of Business Administration degree from University of Saint Mary, you’ll learn some of the best ways to motivate employees and discover what best practices can create a more vibrant, thriving workplace. </p> <p>Here is a look at eight business practices recommended by best-selling business author, Patrick Lencioni, to help businesses go from struggling to successful.</p> <p>1. Engage workers – Greater productivity starts with sharing the purpose of the organization and making sure each employee understands his or her purpose. When workers understand how their role directly affects the organization’s outcome, they’ll become more excited and engaged. </p> <p>2. Reward effort – Recognition is an important part of engagement – people who feel valued are more eager to do a better job, so the reward becomes a motivating force that encourages them to accomplish more and fosters greater loyalty. </p> <p>3. Be vulnerable – Many leaders think of vulnerability as a weakness, but Lencioni views it as a strength. Being quick to acknowledge mistakes or weaknesses allows employees to see your human side – and is shown to lead to higher levels of commitment and team success. </p> <p>4. Stay committed – This mean investing one’s self in the team’s initiative and allowing different perspectives to help shape a goal. Allowing conflict, rather than avoiding it, can actually help find common ground and lead to better outcomes. </p> <p>5. Seek clarity – Moving forward without a clear sense of the company’s vision, values and goals can lead to missed opportunities. Defining the company’s vision and core principles, then sharing that with every employee, leads to a unified purpose and direction that are crucial for success. </p> <p>6. Create cultural cohesiveness – Creating an environment of shared values with high levels of engagement leads to greater employee happiness and productivity. When hiring, make sure the new team members are not only qualified in terms of skill sets, but also align with your company’s core values and vision. </p> <p>7. Hold regular meetings – Meetings provide a forum and are an effective way to review goals and progress. They’re also important for emphasizing core values, allowing members to offer input on business practices, and for increasing connection among the company. </p> <p>8. Focus on team effort – It’s common to put a great deal of effort into starting a team project on the right foot – but placing an emphasis on ongoing reassessment (what’s working and what’s not) and what can be realigned is a good way to keep projects on track and keep team members from growing frustrated. </p> <p>University of Saint Mary <a href="https://online.stmary.edu/mba">online.stmary.edu/mba</a></p>