What is an Innovation Strategy and Why Your Company Needs One?
This post will provide you with some pillar information for shaping your innovative vision and layering the foundation of your new innovation and growth strategy development.
The Ultimate Guide to Using Metaphors in Presentations and Speeches
Metaphors are one of the often-forgotten tricks among presenters. Along with other figures of speech such as similes, analogies personification, and alliteration, they make your texts more engaging, memorable and eloquent. As well, metaphors serve as a great tool for breaking down complex concepts into more digestible statements.
5 Problem Solving Strategies to Become a Better Problem Solver
A lot of people would agree on the fact that life is full of challenges. People become proficient enough when it comes to catering small problems or issues in hand. However, those who attain exceptional insights into problem-solving can gain success in the long run. Problem-solving can enable anybody to gain an edge over their peers and achieve more. The bigger the problem, the difference is the approach. We all are tasked with some form of problem-solving, whether it’s in our workplace or even homes.
A Quick Read on Prospect Theory and Loss Aversion
For a consumer, economic decisions are based on certain types of behavior. Prospect Theory or the loss-aversion theory in behavioral economics and behavioral finance, aims to determine people’s decision making and their tendency for loss aversion.
Overcoming Sunk Cost Fallacy: Get Better at Decision-Making
One of the first things you learn at an economics course is that you should never take irrecoverable (sunk) costs into account when you need to decide upon present or future investments. But since humans are not the most rational beings, we often forget that basic rule and let the past “investment” distort our judgments. This cognitive tendency is known as “sunk cost fallacy” and it can massively undermine both your personal and business decision-making.
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.
The State of Remote Work: Key Trends for 2019-2020
The face of the modern workplace is changing. It’s a matter of several things, companies are going global, or at least employing workers in places all over the globe. With this state of a new workplace and force, it is a good idea to take a look at this thing we call remote work, and all of its implications.
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 […]