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.
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
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
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)
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
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 […]
How to Enhance Productivity Using the Getting Things Done Concept
Sometimes when things get difficult and you feel like procrastinating your tasks, you need to put in the extra effort and get things done. The GTD or Getting Things Done method is all about making sure you get things done on time by planning your tasks systematically. How Getting Things Done (GTD) Method Works? The […]
How to Develop an Effective Lead Generation Strategy
Getting plenty of traffic does not automatically equals sales and profits. Most people need time to shop around and make up their mind, especially in the B2B niche. Case in point: cross-industry only 3% of your target audience is actively buying, 56% are not ready and 40% are at the awareness/consideration stage of their buying […]
How To Use Hoshin Kanri For Business Planning
Without successfully implemented strategic planning, businesses are doomed to fail. That’s a well-known fact, so most companies regularly schedule planning sessions, create reports, forecast and so on. The real issue? All those “paper” efforts rarely result into action. Strategic planning, or more specifically, strategic execution fails as executives are tied with too many priorities, and […]