How to Avoid Manager Absenteeism
March 1, 2016 By Jon Henschen, as featured in March 2016 issue of Investment Advisor Magazine Midsized broker-dealers are especially vulnerable as growth pulls managers in too many directions In Jim Collins’ book “Good to Great,” he presents a concept he calls the Flywheel Effect. The Flywheel Effect illustrates that businesses are like a heavy flywheel. Management's job is to get the flywheel moving as quickly as possible because its velocity generates superior results over time. To get the flywheel to move from a standstill takes tremendous effort. With continuous hard pushing, the wheel starts to move slowly. Over time and with continuous pushing, the flywheel picks up momentum. You get to a point where the weight of the flywheel kicks in your favor. It spins faster and faster, with its own weight propelling it....
