Business

Market Research: Everything You Need to Know as a Business Leader
Market Research: Everything You Need to Know as a Business Leader

Today the markets are moving at a fast pace and in an unpredictable direction. Amidst such uncertainty, it’s extremely hard to determine the right course of action, especially when you are about to bring a new product or service to the market. So how can you reduce the risks of failure and predict potential ambiguities? […]

Quick Guide: Understanding the Pareto 80/20 Principle
Quick Guide: Understanding the Pareto 80/20 Principle

Some observations by economists, sociologists and philosophers have been remarkable in shaping the way people view the world. One such observation was by an Italian economist named Vilfredo Pareto. His observation regarding the wealth inequality in Italy led to the Pareto principle. This principle is also known as the 80/20 rule and explains something quite […]

An Executive’s Guide to OKRs (Objectives and Key Results) Framework
An Executive’s Guide to OKRs (Objectives and Key Results) Framework

Setting ambitious goals is easy, but reaching them is 10X harder. When that goal is divided across multiple people, the track to success can get even longer. So how do you keep your teams aligned on the same goal and ensure that their everyday work positively contributes towards a larger end-goal? You can try the OKR framework.

Understanding the BCG Matrix Model
Understanding the BCG Matrix Model

The Boston Matrix, BCG Matrix or Growth-share Matrix is a chart that was developed by the Boston Consulting Group in 1970. The BCG matrix model has long been used by companies to analyze their products and manage resources to identify which products to invest in and which to let go. In this article, we will review what is the BCG Matrix model and how it can be used as a portfolio management framework.

The 5 Main Phases of Project Management Life Cycle 
The 5 Main Phases of Project Management Life Cycle 

Whether you are tasked to lead a small in-house project or take over a large, multi-people company-wide program, understanding how to plan and execute your project is integral for success. There’s a gap between making a decision and turning that decision into life, knowing what steps to perform, in what sequence and how different processes will drive (or stall) your project execution.

The Big Five Personality Traits Model
The Big Five Personality Traits Model

The Big Five Personality Traits Model explains this relationship in detail by dividing personality traits in dimensions. In this article, we review five key dimensions of people’s personalities.

Using the SCARF Model for Workplace Efficiency
Using the SCARF Model for Workplace Efficiency

The modern workplace is like a social minefield. People can nowadays feel offended by things which would have been hard to consider offensive a few years back. Partly, this is because of increased awareness regarding social issues, however, many times people also tend to trivialize issues to appear as victims. Furthermore, employee motivation is also […]

Using Heuristic Problem-Solving Methods for Effective Decision-Making
Using Heuristic Problem-Solving Methods for Effective Decision-Making

Heuristics are essentially problem-solving tools that can be used for solving non-routine and challenging problems. In this article, we review heuristic method as a practical approach for a short-term goal, such as solving a problem.

The CEO’s Guide to RPA: Robotic Process Automation Explained
The CEO’s Guide to RPA: Robotic Process Automation Explained

Robotic process automation (RPA) is one of the hot topics in the space of digital transformation. Organizations are heavily investing in reducing repetitive tasks of low value in order to migrate their talent to more sophisticated and creative responsibilities. This article provides an executive description of RPA and its current business state of the art.

Marketing Plan Development: The Start to Finish Guide For Executives
Marketing Plan Development: The Start to Finish Guide For Executives

When should you start thinking about your next marketing plan? Some see this as a year-end task. In reality, you should always keep working on your marketing plan, and the strategy underpinning it as your operational landscape changes all the time, along with your priorities. In this post, we’ll explain how to create an effective marketing plan without wasting hours on it.

Toxic Leadership at the Workplace: What Makes a Leader Toxic?
Toxic Leadership at the Workplace: What Makes a Leader Toxic?

When it comes to leadership, the general idea is to often discuss aspects such as what makes a good leader or how can a leader be effective at the workplace? However, when following the bandwagon of leadership topics, many people fail to discuss or even acknowledge one of the biggest ailments’ employees suffer at the workplace in the form of toxic leadership. In order to understand not only leadership but the failure of employees to deliver, it is important to analyze toxic leadership at the workplace or the factors which make a toxic leader? This can help better understand if a failure of leadership is to blame for the lackluster performance of employees at the workplace.

The 6 Key Principles of Effective Stakeholder Management
The 6 Key Principles of Effective Stakeholder Management

Every business has elements that will work toward its success. It needs a great product or service to offer value to its customers, and a dedicated team to work on the said product. Sound financial management and strategic planning are another two important aspects of ensuring the project’s success. In this article, we review another critical element that is often glossed over amidst other factors: effective stakeholder management. A deep understanding of just who are the stakeholders, what their needs are, and how to meet those needs can actually make or break an organization.