Understanding the Peter Principle: How to Avoid Promotion Pitfalls in Your Business

Описание: Have you ever promoted a top performer only to watch them struggle in their new role? If so, you might've run headfirst into something called the Peter Principle. For small business owners, this isn’t just theory—it’s a real-world issue that can quietly damage productivity, morale, and growth. In this video, I will explore the Peter Principle: provide you with examples, give tips on how to spot tell-tale signs, and offer strategies and tactics to help you overcome it.


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The book, "$20k to 2 million in 2 years," describes the challenges a rapidly growing business will go through and how it can be addressed. You can download a free preview of that book on my website. Feel free to explore my website (ExcelBizSolutions.com.au). There are resources for people interested in business and wanting to grow their business. I'll look forward to hearing from you, and thank you for watching this video.

00:00 What is the Peter Principle?
01:29 Steve Ballmer at Microsoft
01:52 Kodak’s Fall from Grace
02:19 Matt Millen of the Detroit Lions
02:49 Spotting the Peter Principle Before It Hurts Your Business
03:31 Strategies to Beat the Peter Principle
03:40 Train before you promote
04:12 Reward without promoting
04:36 Make promotions strategic, not automatic
05:12 Consider lateral moves
05:36 Build around their strengths
06:00 Practical Tips for Business Owners
06:46 Final Thoughts: The Peter Principle Doesn’t Have to Be a Death Sentence

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