Gregory Michael Steinberg of Austin, Texas, On Common Problems With The Corporate World

Gregory Michael Steinberg of Austin, Texas, firmly believes in doing things the right way. The corporate world provides a clear example of the status quo being accepted and utilized even when there's potential for improvements. Today, Gregory Michael Steinberg of Austin, Texas, will shed light on some of the common negative traits of the corporate world in the hope that it can lead to positive change.

Gregory Michael Steinberg on Bureaucracy

One of the main hindrances to innovation in the corporate world is bureaucracy. Gregory Michael Steinberg notes that large corporations are routinely bogged down by red tape, which slows decision-making and makes it nearly impossible to implement new ideas in a timely fashion. In the digital age, keeping up with trends and leveraging the latest technology is vital. Corporations that cannot pivot quickly risk falling behind and failing to provide their client base the best product or service. Because of bureaucratic hurdles, corporations often focus on short-term financial goals, such as meeting quarterly earnings targets, rather than long-term growth and sustainability. This narrow focus can be detrimental to the long-term prospects of any business.

Gregory Michael Steinberg on Employee Health and Happiness

The corporate model is often grueling for everyday employees. The long hours and minimal breaks make achieving a work-life balance extremely difficult. Even corporations that saw that their employees were just as productive if not more productive during the pandemic working from home are asking these employees to return to the office setting. This creates an environment where people deal with higher stress levels and miss out on personal fulfillment. As someone who firmly believes that happy employees provide higher quality work, Gregory Michael Steinberg believes corporations should strongly consider ways to offer their employees additional perks. A lack of personal attention for employees leads to complacency in the workforce. When people feel that they are just a cog in the wheel that can be replaced at any moment, they don't typically give their best effort or feel a sense of loyalty to a corporation. Corporations who routinely lay off employees or shift their practices to outsourcing for cost savings signal to the workforce that their efforts are either not noticeable or not crucial to the organization's success.

Corporations would benefit greatly from creating an office culture where each team member is held accountable but is also shown attention. Gregory Michael Steinberg believes people inherently want to perform well at their jobs and in their careers. Corporations often lack the managerial structure to set personal goals and offer continuing education opportunities. Businesses that make it a point to work on growing the skillsets of their employees can create an environment where talented staff members want to work there for life.

In order to attract top talent, companies need to show an interest in the well-being of their employees. Twenty years ago, businesses rarely had a mission statement or commented on things like the environment or the social issues of the day. Now, modern brands will routinely show support for different organizations that fight against injustice. Corporations typically do not want to get involved or take a stance as they look to remain neutral. This does not work as well as it once did. Employees want to work where they feel their company reflects their core beliefs. Consumers want to buy products or services from organizations that reflect who they are.

Of course, Gregory Michael Steinberg is aware that not every corporation operates with the same mindset. There are exceptions to the rule that have made changes to create a more positive work culture. This can be seen with the implementation of flexible work schedules, remote work, or access to mental and physical health support. Some people may even prefer to work in an environment that is less modern in nature. However, the writing is on the wall that the future of business success is going to require a change from the status quo.