Feedback is an important tool for developing great employees, says Minu Ipe, clinical professor of management and faculty director of the W. P. Carey MBA Evening Program. She explains the characteristics of effective feedback, using the acronym S-T-A-A-M.

If you think that the only opportunity to give or get feedback on job performance is the annual review session, you are missing many chances to improve your employees and your business throughout the year, clinical associate professor of management and faculty director of the W. P.

Research shows that when people fit in the culture of the organization in which they work, they are happier, more engaged, more productive and they provide better service.

I have had all manner of tenants in the past, good and bad. With experience, I have developed a successful application process that helps me to find the best possible tenants. After the successful first phone call, now it is time to schedule the showing.

Some entrepreneurs dream about starting an enterprise their whole lives long, while others chase new inspiration. Yet regardless of their path, the vision for the entrepreneurs behind Kitchell, Ersland Touch Landscape, IO, I-ology and Melrose Pharmacy, was to touch the lives of people.

Some entrepreneurs simply started doing something, made some money and then a business was born. If you find yourself in this position, then you should focus on some core concepts to be more strategic and purposeful with your business, enabling it to grow.

Sidnee Peck, director of the Center for Entrepreneurship at the W. P. Carey School, talks with Ken Morgan of KFNN MoneyRadio 1510, about the companies that are finalists for the 18th annual Spirit of Enterprise Awards, to be presented November 21.

When do you get an opportunity to peer behind the curtain and learn other businesses' best secrets for getting ahead and making a difference?

It's tough to research and refresh your strategy when you have a business to run, but talking to your current and potential customers is a good start. Sidnee Peck, director of the Center for Entrepreneurship at the W. P. Carey School of Business, writes weekly on topics of interest to entrepreneurs.

Identifying and developing your successor should be a key strategic priority for anyone hoping to be promoted in the next six months to two years.