How do you like to celebrate business successes?

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A woman toasts business successes in the boardroom

With the office Christmas party season in full swing, we asked eight contributors to Director‘s November issue, how they like to celebrate business successes. Here’s what they said…

Nick Goldberg who discusses celebrating business successesNick Goldberg, CEO UK and Ireland, LHH Penna

We love to celebrate and in a number of ways. We have a ‘Superhero of the Month’ with personal nominations, a prize and, of course, a cape! At the end of the year standout performers receive a personalised book with messages from those who nominated them and pictures of their times together. It’s better than any glass award. 

Nick Goldberg takes part in our debate on bonuses here

Phil Wild who discusses celebrating business successesPhil Wild, CEO, James Cropper

Last year, we doubled our capacity in James Cropper’s technical fibre operation and installed a new line. The team that worked on it came in ahead of time and lower on budget, so we took them all out – not just the project manager but all the operators too – for an evening dinner and a few beers in Kendal. It was the perfect opportunity to say thank you.

Read our interview with Phil Wild here

Dr Peter FitzGerald who discusses celebrating business successesDr Peter FitzGerald, founder and managing director, Randox

We like to operate on bonuses – people don’t necessarily expect them, but if we’ve done well then we have discretionary bonuses. But we have lunches too, where we like to celebrate (in a very restrained way!) the successes we have had – the main thing is getting people together and thanking them for the great work that they’ve done.

Read the remarkable story of Randox’s rise here

Darren Burn who discusses celebrating business successesDarren Burn, co-founder, OutofOffice.com

With Christmas fast approaching, this is the opportunity to take stock of our first year as a start-up. We will certainly be celebrating a stellar year of success as a group – having a few team drinks and get-togethers, no doubt with some late-night ones. I hope I’m the kind of boss who can be on top of things in the office and also let my hair down with my team.

Darren Burn asks three IoD members for venture capital advice here

Simon Greenly who discusses celebrating business successesSimon Greenly, chairman, Greenly’s

For big successes I prefer to use my internal intelligence system to find out what the team prefer. There is nothing worse than having to attend something you dislike. For smaller ones, I favour sincere, instant and positive feedback given in public if appropriate, in private if not. Positive feedback is an underrated and great performance enhancer.

Read Simon Greenly’s advice on attracting venture capital here

Mark Blackwell who discusses celebrating business successesMark Blackwell, partner, Morphis

As a design agency based in Hong Kong with clients as far away as New York, we do not have the luxury of a 9-5 approach, so the time we have together to share wider successes is important. We celebrate both English and Chinese festivities, so there’s always an excuse to arrange a joint lunch or go for happy hour on a Friday afternoon.

Mark Blackwell takes part in our international report on Hong Kong here

 Chris Lewis who discusses celebrating business successesChris Lewis, founder, Lewis

We ‘celebrate’ after every monthly board meeting by having a social dinner afterwards. We don’t just celebrate success. We celebrate failure, too. You have to laugh at your mistakes as well. Sometimes things can go wrong and you get a funny story in hindsight. Success and failure are closely related. Not everything you do will be successful. If you try more, you will therefore fail more. If the latter is easier to deal with, then people keep taking risks which is ultimately the goal.

Discover where Chris Lewis finds business inspiration here

Andrew Barnsley who discusses celebrating business successesAndrew Barnsley, founder and managing partner, Adam Street Advisers

“Working in a transactional environment where a lot of money can be gained or lost in an instant can be very stressful for all involved. We encourage a flexible work environment where people can celebrate success by taking some downtime while still managing their workload. One of the best ways to celebrate success is for all those involved to share in the economic upside.”

Andrew debates Nick Goldberg (above) on whether bonuses are necessary

How do you celebrate business successes?

Tell us below

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Director magazine

Director magazine

Director is the magazine for business leaders. Free to IoD members and available to purchase through subscription, each edition is full of insightful interviews with entrepreneurs and company directors.

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