Impact Lessons Part 1: Retaining and Motivating Your Team

Posted by Jonathon Narvey

At the BCTIA Impact event in downtown Vancouver on Wednesday evening distinguished BC tech sector leaders and award winners gave their answers to questions that will be explored in this blog series.

Question #1: "Given the critical importance of having good people in your business and the importance of leadership and mentoring, in turbulent times of job loss and entrenchment, how do you retain employees and motivate them?

John MacDonald, Chairman and CEO of Day 4 Energy (2008 Technology Impact Awards Person of the Year): "The basic strategy of any business is to manage your cash. But as CEO, it's also critical that no matter how bad it gets, you always say hello to people, look at them, give them confidence."

David Sutcliffe, former CEO of Sierra Wireless (Bill Thompson Award for leadership in business and the community). "As they say, this too will pass. You need to focus your resources so that when the upturn comes, you're ready. Lots of companies will still be in hack-and-slash mode, and they'll take longer to get back to being competitive."

Andrew Reid, President and Founder, Vision Critical (Team of the Year). "Communicating with staff is critical. We've had town hall-type meetings. Everyone needs to be in the loop and even understand what people are thinking at the management level."

Dr. Hannes Blum, President and CEO AbeBooks Inc. (Leadership in Responsibility Award): "You have to be top-grading the team rigorously. One benefit of the current situation is that we've been very pleased with the pipeline of candidates. We've found some extremely good hires. If you accept mediocrity in your organization at any level, your business will not be performing at a high level."

Company:
BCTIA
Website:
http://www.bctia.org
Location:
Vancouver, British Columbia, Canada

The BC Technology Industry Association (BCTIA) supports the development, growth, and advancement of technology companies in British Columbia. Our Mission is to help companies grow and build world-class organizations; global leaders that anchor a vibrant technology ecosystem and which serve as an inspiration to entrepreneurs in our community. The BCTIA Centre4Growth supports tech companies at all stages of growth... more

Company:
Day4 Energy Inc.
Website:
http://www.day4energy.com
Location:
Vancouver, British Columbia, Canada

Day4 Energy Inc. is a Vancouver-based solar energy company formed in 2001 to revolutionize solar power use in industrial, commercial, utility, and residential power generation. Day4 is dedicated to producing affordable and efficient photovoltaic (PV) solutions that will enable PV systems to grow to occupy a significant part of the world's electrical generation infrastructure. With a management team strong in... more


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Jonathon Narvey

Jonathon Narvey

Jonathon Narvey is a Vancouver-based freelance journalist, website copywriter and author. He is the founder of WRITEIMAGE, a website copywriting services company. Jonathon grew up in Winnipeg, Canada. While he remains proud of his prairie roots, he moved to the west coast of Canada soon after beginning a career as a writer. Mostly, he writes about politics, current events and life in... more



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