{"id":3342,"date":"2025-07-08T15:51:58","date_gmt":"2025-07-08T15:51:58","guid":{"rendered":"https:\/\/aomtodayprod.wpenginepowered.com\/?p=3342"},"modified":"2025-07-08T15:51:58","modified_gmt":"2025-07-08T15:51:58","slug":"seven-best-practices-of-successful-organizations","status":"publish","type":"post","link":"https:\/\/www.aom.org\/today\/seven-best-practices-of-successful-organizations\/","title":{"rendered":"Seven Best Practices of Successful Organizations"},"content":{"rendered":"<p>Organizations habitually overlook readily available opportunities to boost long-term financial performance, downsizing and outsourcing in futile attempts to shrink their way to profit, while destroying their organizational culture and reducing their talent pool.<\/p>\n<p>Managers who take seriously the adage that \u201cpeople are the most important asset\u201d can tap into enduring sources of competitive advantage, according to AOM Scholars <a href=\"https:\/\/www.aom.org\/today\/jeffrey-pfeffer\/\" target=\"_blank\" rel=\"noopener\">Jeffrey Pfeffer of Stanford University<\/a> and <a href=\"https:\/\/journals.aom.org\/author\/Veiga%2C+John+F\" target=\"_blank\" rel=\"noopener\">John F. Veiga of the University of Connecticut<\/a>. They offer seven tips for leaders to optimize their organization\u2019s systems that produce profits through people.<\/p>\n<p>&nbsp;<\/p>\n\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"3487\" class=\"elementor elementor-3487\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-dc90556 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"dc90556\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6037037\" data-id=\"6037037\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9e2282f elementor-widget elementor-widget-owl-carousel-elementor\" data-id=\"9e2282f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"owl-carousel-elementor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class='js-owce-carousel-container owce-carousel-container  owce-carousel-no-nav-tablet owce-carousel-no-nav-mobile owce-carousel-9e2282f'><div id=\"owce-carousel-9e2282f\" class=\"owl-carousel owl-theme js-owce-carousel owce-carousel owce-carousel-basic owce-carousel-basic-one\" data-options=\"{&quot;field_prefix&quot;:&quot;carousel_&quot;,&quot;layout&quot;:&quot;basic&quot;,&quot;rtl&quot;:false,&quot;items_count&quot;:1,&quot;items_count_tablet&quot;:null,&quot;items_count_mobile&quot;:null,&quot;items_slideby&quot;:1,&quot;items_slideby_tablet&quot;:null,&quot;items_slideby_mobile&quot;:null,&quot;margin&quot;:20,&quot;margin_tablet&quot;:0,&quot;margin_mobile&quot;:0,&quot;nav&quot;:&quot;yes&quot;,&quot;nav_tablet&quot;:null,&quot;nav_mobile&quot;:null,&quot;dots&quot;:&quot;&quot;,&quot;dots_tablet&quot;:null,&quot;dots_mobile&quot;:null,&quot;autoplay&quot;:&quot;yes&quot;,&quot;autoplay_timeout&quot;:10000,&quot;autoplay_hover_pause&quot;:false,&quot;animate_in&quot;:&quot;&quot;,&quot;animate_out&quot;:&quot;&quot;,&quot;rewind&quot;:&quot;&quot;,&quot;loop&quot;:&quot;yes&quot;,&quot;loop_tablet&quot;:null,&quot;loop_mobile&quot;:null,&quot;smart_speed&quot;:500,&quot;lazyLoad&quot;:&quot;&quot;,&quot;auto_height&quot;:&quot;&quot;,&quot;mouse_drag&quot;:&quot;yes&quot;,&quot;touch_drag&quot;:&quot;yes&quot;}\">            \t\t\t<div class=\"item carousel-item-4e0867e \">\n                <div class=\"owl-thumb\">\n    <img fetchpriority=\"high\" decoding=\"async\" width=\"1000\" height=\"667\" src=\"https:\/\/www.aom.org\/today\/wp-content\/uploads\/2025\/02\/designer.webp\" class=\"attachment-full size-full wp-image-3345\" alt=\"Man looks at design prints\" srcset=\"https:\/\/www.aom.org\/today\/wp-content\/uploads\/2025\/02\/designer.webp 1000w, https:\/\/www.aom.org\/today\/wp-content\/uploads\/2025\/02\/designer-300x200.webp 300w, https:\/\/www.aom.org\/today\/wp-content\/uploads\/2025\/02\/designer-768x512.webp 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><\/div>\n<p class=\"owl-content\" data-setting=\"item_content\"><p style=\"font-size:14px\">Source: Shutterstock<\/p>\n<h3>1. Instill a sense of employment security<\/h3>Employment assurances provide many benefits, including maximizing workers\u2019 contribution of knowledge and efforts to enhance productivity. Laying off employees too quickly at the first sign of financial difficulty is a waste of resources, especially for organizations that have done a good job selecting, training, and developing their workforce, because layoffs put important strategic assets on the street for the competition to employ.<\/p>\t\t\t<\/div>\n\t\t            \t\t\t<div class=\"item carousel-item-5925751 \">\n                <div class=\"owl-thumb\">\n    <img decoding=\"async\" width=\"1080\" height=\"720\" src=\"https:\/\/www.aom.org\/today\/wp-content\/uploads\/2024\/09\/7best-practices-img3.webp\" class=\"attachment-full size-full wp-image-1372\" alt=\"A woman shakes the hand of the person interviewing her for a job\" srcset=\"https:\/\/www.aom.org\/today\/wp-content\/uploads\/2024\/09\/7best-practices-img3.webp 1080w, https:\/\/www.aom.org\/today\/wp-content\/uploads\/2024\/09\/7best-practices-img3-300x200.webp 300w, https:\/\/www.aom.org\/today\/wp-content\/uploads\/2024\/09\/7best-practices-img3-1024x683.webp 1024w, https:\/\/www.aom.org\/today\/wp-content\/uploads\/2024\/09\/7best-practices-img3-768x512.webp 768w\" sizes=\"(max-width: 1080px) 100vw, 1080px\" \/><\/div>\n<p class=\"owl-content\" data-setting=\"item_content\"><p style=\"font-size:14px\">Source: Shutterstock<\/p>\n<h3>2. Establish and abide by a selective hiring process<\/h3>The organizations need to be clear about what are the most critical skills and attributes that applicants need to have. Managers need tocarefully consider those qualities in the context of the particular job requirements and the organizational approach to achieving strategic objectives. Screen to recruit candidates with important attributes that are difficult to change through training, emphasizing qualities that separate the wheat from the chaff, rather than going on gut feelings after conducting job interviews.<\/p>\t\t\t<\/div>\n\t\t            \t\t\t<div class=\"item carousel-item-2b63dc7 \">\n                <div class=\"owl-thumb\">\n    <img decoding=\"async\" width=\"1000\" height=\"667\" src=\"https:\/\/www.aom.org\/today\/wp-content\/uploads\/2024\/09\/trio-sign-document.jpg\" class=\"attachment-full size-full wp-image-524\" alt=\"Three coworkers write notes down while brainstorming\" srcset=\"https:\/\/www.aom.org\/today\/wp-content\/uploads\/2024\/09\/trio-sign-document.jpg 1000w, https:\/\/www.aom.org\/today\/wp-content\/uploads\/2024\/09\/trio-sign-document-300x200.jpg 300w, https:\/\/www.aom.org\/today\/wp-content\/uploads\/2024\/09\/trio-sign-document-768x512.jpg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><\/div>\n<p class=\"owl-content\" data-setting=\"item_content\"><p style=\"font-size:14px\">Source: Shutterstock<\/p>\n<h3>3. Design decentralized, self-managed teams<\/h3>A team-based structure substitutes peer-based control for hierarchical control of work, encouraging people across the entire organization to feel accountable and responsible for the operation and success of the enterprise. This increased sense of responsibility stimulates more initiative and effort and permits the removal of layers of middle management, reducing the enormous costs of having people whose sole job it is to watch people who watch other people do the work.<\/p>\t\t\t<\/div>\n\t\t            \t\t\t<div class=\"item carousel-item-72d7860 \">\n                <div class=\"owl-thumb\">\n    <img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"667\" src=\"https:\/\/www.aom.org\/today\/wp-content\/uploads\/2025\/02\/paycheck.webp\" class=\"attachment-full size-full wp-image-3346\" alt=\"Man looks at paycheck\" srcset=\"https:\/\/www.aom.org\/today\/wp-content\/uploads\/2025\/02\/paycheck.webp 1000w, https:\/\/www.aom.org\/today\/wp-content\/uploads\/2025\/02\/paycheck-300x200.webp 300w, https:\/\/www.aom.org\/today\/wp-content\/uploads\/2025\/02\/paycheck-768x512.webp 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><\/div>\n<p class=\"owl-content\" data-setting=\"item_content\"><p style=\"font-size:14px\">Source: Shutterstock<\/p>\n<h3>4. Offer comparatively high compensation contingent on organizational performance<\/h3>High pay can produce economic success by attracting and retaining the best and brightest.Contingent compensation may include gain sharing, profit sharing, stock ownership, pay for skill, or various forms of individual or team incentives and bonuses.<\/p>\t\t\t<\/div>\n\t\t            \t\t\t<div class=\"item carousel-item-3aea14c \">\n                <div class=\"owl-thumb\">\n    <img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"667\" src=\"https:\/\/www.aom.org\/today\/wp-content\/uploads\/2025\/02\/business-team-uses-sticky-notes.webp\" class=\"attachment-full size-full wp-image-3347\" alt=\"Team looks at sticky notes on board\" srcset=\"https:\/\/www.aom.org\/today\/wp-content\/uploads\/2025\/02\/business-team-uses-sticky-notes.webp 1000w, https:\/\/www.aom.org\/today\/wp-content\/uploads\/2025\/02\/business-team-uses-sticky-notes-300x200.webp 300w, https:\/\/www.aom.org\/today\/wp-content\/uploads\/2025\/02\/business-team-uses-sticky-notes-768x512.webp 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><\/div>\n<p class=\"owl-content\" data-setting=\"item_content\"><p style=\"font-size:14px\">Source: Shutterstock<\/p>\n<h3>5. Offer extensive employee training on a consistent schedule<\/h3>Too few organizations invest in improving employees\u2019 knowledge and developing their skills.Training is an essential component of high-performance work systems to equip employees with theabilities to identify and resolve problems, initiate improvements, and take responsibility for ensuring high quality. Effective training at regular intervals can be a source of competitive advantage.<\/p>\t\t\t<\/div>\n\t\t            \t\t\t<div class=\"item carousel-item-6547c30 \">\n                <div class=\"owl-thumb\">\n    <img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"667\" src=\"https:\/\/www.aom.org\/today\/wp-content\/uploads\/2025\/02\/team-high-5.webp\" class=\"attachment-full size-full wp-image-3348\" alt=\"Coworkers high-five\" srcset=\"https:\/\/www.aom.org\/today\/wp-content\/uploads\/2025\/02\/team-high-5.webp 1000w, https:\/\/www.aom.org\/today\/wp-content\/uploads\/2025\/02\/team-high-5-300x200.webp 300w, https:\/\/www.aom.org\/today\/wp-content\/uploads\/2025\/02\/team-high-5-768x512.webp 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><\/div>\n<p class=\"owl-content\" data-setting=\"item_content\"><p style=\"font-size:14px\">Source: Shutterstock<\/p>\n<h3>6. Reduce status differences between personnel<\/h3>To help make all organizational members feel valued and committed, effective management systems attempt to reduce the status distinctions that separate individuals across various teams and departments and cause some to feel less important. Tapping into the ideas, skills, and efforts of all staffcan be accomplished both symbolically through the use of egalitarian language and labels, physical space, and attire,and substantively by reducing the organization\u2019s degree of wage inequality.<\/p>\t\t\t<\/div>\n\t\t            \t\t\t<div class=\"item carousel-item-e0bed52 \">\n                <div class=\"owl-thumb\">\n    <img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"667\" src=\"https:\/\/www.aom.org\/today\/wp-content\/uploads\/2025\/02\/team-listens-to-boss.webp\" class=\"attachment-full size-full wp-image-3350\" alt=\"Business team has meeting\" srcset=\"https:\/\/www.aom.org\/today\/wp-content\/uploads\/2025\/02\/team-listens-to-boss.webp 1000w, https:\/\/www.aom.org\/today\/wp-content\/uploads\/2025\/02\/team-listens-to-boss-300x200.webp 300w, https:\/\/www.aom.org\/today\/wp-content\/uploads\/2025\/02\/team-listens-to-boss-768x512.webp 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><\/div>\n<p class=\"owl-content\" data-setting=\"item_content\"><p style=\"font-size:14px\">Source: Shutterstock<\/p>\n<h3>7. Share information across the organization<\/h3>The sharing of data related to financial performance, strategy, and operational measures conveys to the organization\u2019s personnel that the leadership team trusts them.Even highly motivated and well-trained workers can\u2019t contribute to enhancing organizational performance if they don\u2019t have sufficient information about important dimensions of performance and training, as well as how to interpret that information and apply it to their roles and responsibilities.<\/p>\t\t\t<\/div>\n\t\t<\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t\n","protected":false},"excerpt":{"rendered":"<p>Organizations habitually overlook readily available opportunities to boost long-term financial performance, downsizing and outsourcing in futile attempts to shrink their way to profit, while destroying their organizational culture and reducing their talent pool. Managers who take seriously the adage that \u201cpeople are the most important asset\u201d can tap into enduring sources of competitive advantage, according [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":3344,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[21,76],"tags":[],"sp_smart_badges":[],"ppma_author":[70],"class_list":["post-3342","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-innovation","category-performance"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Seven Best Practices of Successful Organizations - Academy of Management Today<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.aom.org\/today\/seven-best-practices-of-successful-organizations\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Daniel Butcher\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.aom.org\\\/today\\\/seven-best-practices-of-successful-organizations\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.aom.org\\\/today\\\/seven-best-practices-of-successful-organizations\\\/\"},\"author\":{\"name\":\"Daniel Butcher\",\"@id\":\"https:\\\/\\\/www.aom.org\\\/today\\\/#\\\/schema\\\/person\\\/d1297a59039d9ca7bac9d9f0952e508c\"},\"headline\":\"Seven Best Practices of Successful Organizations\",\"datePublished\":\"2025-07-08T15:51:58+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.aom.org\\\/today\\\/seven-best-practices-of-successful-organizations\\\/\"},\"wordCount\":99,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.aom.org\\\/today\\\/seven-best-practices-of-successful-organizations\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.aom.org\\\/today\\\/wp-content\\\/uploads\\\/2025\\\/02\\\/employee-packs-up-to-leave.webp\",\"articleSection\":[\"INNOVATION\",\"PERFORMANCE\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.aom.org\\\/today\\\/seven-best-practices-of-successful-organizations\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.aom.org\\\/today\\\/seven-best-practices-of-successful-organizations\\\/\",\"url\":\"https:\\\/\\\/www.aom.org\\\/today\\\/seven-best-practices-of-successful-organizations\\\/\",\"name\":\"Seven Best Practices of Successful Organizations - 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Previously, he was a writer and the Finance Editor for Strategic Finance magazine and Management Accounting Quarterly, a scholarly journal, at the Institute of Management Accountants (IMA). Prior to that, he worked as a writer\\\/editor at The Financial Times, including daily FT sister publications Ignites and FundFire, as well as Crain Communications\u2019s InvestmentNews and Crain\u2019s Wealth, eFinancialCareers, and Arizent\u2019s Financial Planning, Re:Invent|Wealth, On Wall Street, Bank Investment Consultant, and Money Management Executive. He earned his bachelor\u2019s degree, Cum Laude, from the University of Colorado Boulder and his master\u2019s degree from New York University. 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