Business

How to Create an Effective Brainstorming Process in Your Company
How to Create an Effective Brainstorming Process in Your Company

Maintaining a competitive edge is critical for businesses that want to survive and flourish in today’s age of skittish consumer interests. One day you are in vogue. In a week you are out when a competitor storms the market with that unique idea. Brainstorming is the easiest trick in the books for innovations, and today […]

Matrix Organizational Structure – Is it the right structure for your company?
Matrix Organizational Structure – Is it the right structure for your company?

An organizational structure determines the chain of command and the flow of information, instructions and activities in order to acquire organizational goals. There are various structures used by organizations according to their specific needs. In this post we will discuss the various types of organizational structures, with a specific focus on the Matrix Organizational Structure […]

Managerial Guide to After Action Review (AAR)
Managerial Guide to After Action Review (AAR)

Business mistakes are costly – most leaders know that. But few take proactive steps to investigate the root cause and establish corrective measures while the project is still on track. Indeed, most investigations are often done post mortem – when the deed is done, and nothing can be changed per se. But that’s not the […]

How to Start Digitizing Your Supply Chain Management
How to Start Digitizing Your Supply Chain Management

New technological innovations are disrupting every major business sector, and every business process out there. Supply chain management is no exception. Supply chains are becoming more complex, and yet they are still mostly managed using “old-school” methods – manually and with the help of internal proprietary tools. That’s problematic because customers now demand goods and […]

The Executive’s Guide to Digital Transformation
The Executive’s Guide to Digital Transformation

Digital transformation is a popular industry buzzword, but a difficult concept to master as it covers so much ground. As a leader, it is your responsibility to understand exactly how emerging technologies are changing the standard business processes, modern workplace and managerial best practices. More importantly, it’s your responsibility to ensure that your organization remains […]

How to Create a Statement of Retained Earnings for a Financial Presentation
How to Create a Statement of Retained Earnings for a Financial Presentation

Preparing financial statements may not sound like the most exciting task. Albeit, it’s a hugely important one, especially if your company is seeking investment or planning to expand its operations. Not to mention that most businesses are obliged to present a statement of retained earnings to the Tax authorities. In this post, we’ll show you […]

Using 360 Degree Feedback in Your Organization
Using 360 Degree Feedback in Your Organization

Many organizations use 360 degree feedback to provide assessment for employees via multiple sources to analyze the knowledge, skill and behavior of employees. It is also known as multi-rater feedback, multi-source feedback, 360 Degree Review and multi-source assessment, since it is used frequently for assessing the performance of an employee and to determine his/her future […]

A Step-by-Step Guide to Developing Growth Mindset in Your Team
A Step-by-Step Guide to Developing Growth Mindset in Your Team

The most successful teams and workplaces are known to be oriented on growth. But what exactly the much buzzed growth mindset popularized by the likes of Microsoft and LinkedIn entails? In short, it stands for switching from a highly individualist culture where everyone is expected to act as the smartest people in the room, to […]

An Executive Guide to Management Consulting
An Executive Guide to Management Consulting

Management consulting continues to be a lucrative field for those who have very specific skills that meet organizational needs in a variety of areas – IT, HR, Finance, Logistics, etc. In fact, according to the Bureau of Labor Statistics in the US, the job outlook for this profession looks bright with a 14% predicted growth […]

All You Need to Know About Failure Mode and Effects Analysis (FMEA)
All You Need to Know About Failure Mode and Effects Analysis (FMEA)

Analyzing failure is essential for rectifying issues and preventing them in the future. It can be catastrophic for a business to have a breakdown which halts an entire process; be it the manufacturing of a product or delivery of a service. One of the early test conducted to prevent such a breakdown is often the […]

How to Carry Out a Feasibility Study and Get Better at Business Decision Making
How to Carry Out a Feasibility Study and Get Better at Business Decision Making

It’s a well-known fact that projects fail more often than they succeed. This happens for a multitude of reasons, but the lack of proper planning tends to be the most common one. The best tool for determining whether your project will be a win or a loss is a feasibility study. In this post, we’ll […]

Step-By-Step Guide to Creating a Viable Go to Market Strategy
Step-By-Step Guide to Creating a Viable Go to Market Strategy

The ultimate goal of any business is to grow and scale over time. Conquering a single market or customer segment is never enough – there’s always room for expanding further. To scale, businesses need to innovate and often innovations involve operational risks. Will investing $X in this new feature actually pay off? What should we […]

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