A High-Level Overview on Strategic Planning
Every organization has grand goals on their business agenda. However, there is a long way between formulating those goals and seeing the results of their successful accomplishment. A lot of things can happen in-between, the project can get side-tracked, the timeline may change and new threats may emerge. To get a better sense of what needs to be accomplished and how? Most managers regularly engage in strategic planning.
How to Use Two Factor Theory to Improve Employee Engagement
Employee engagement has finally come to the forefront of the business world. A motivated, healthy and committed workforce is key to effectively scaling your business. Businesses with engaged employees enjoy lower rates of employee turnover. This leads to lower hiring costs and faster talent acquisition. A study conducted by the American Psychology Association revealed that […]
How to Use Gap Analysis to Improve Business Performance
How do you run a business that’s profitable, efficient, and primed for growth? You have to stay on top of things at once. Every process must work as perfectly as possible. At any given moment, you should know where you should invest time and resources.
Circular Economy to Save the Planet
The circular economy is an economic model based on eliminating waste and making the economy more sustainable. The model is a diversion from the linear economy, which focuses merely on the take, make, consume and dispose of method. But can the circular economy model save the planet?
Business Bullet Journal Guide: A Great Strategy to Max Your Productivity
Everyone has personal and professional goals. Everyone has bucket lists. And if our goals and wish lists are important enough, we do things to make them happen, usually in small increments.
How to Do Market Segmentation The Right Way
You may have a great product, top-notch go-to-market strategy and a bullet-proof sales campaign, and still fail to generate the revenues you expected. Why? Well, because you are trying to spray and pray approach – trying to appeal to everyone and hoping that someone will bite. In most cases, such campaigns end up appealing to […]
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?
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)
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
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
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
In this article, you will learn what is a retained earnings statement, the formula to calculate it and why it’s so important for your business.