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 […]
9 Presentation Styles of the Enneagram Model
Enneagram is a model of the human psyche. It is used for explaining what is considered as the nine interconnected personality types. This model is widely used to study dominant behavior traits to better understand the abilities and weaknesses of an individual; in order to make the most out of one’s gifts and understanding the […]
Using Word Clouds to Increase Audience Engagement in Presentations
Did you know that our eyes are the most powerful medium for processing information? We need far less time to extract meaning from an image, than from a piece of text. Arguably, that’s the main reason why everyone loves a good PowerPoint presentation. It breaks down the key information in an easy-to-digest manner and complements […]
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
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
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 Create Online Courses
The e-learning industry keeps growing at a rapid pace. By 2025, it is expected to reach $325 billion, up from the estimated $107 billion last year. What’s even more interesting is that online courses specifically comprise $46 billion of the total e-learning market. These numbers should come as no surprise as teaching online has become […]
How Voice of the Customer Concept Can Boost Sales and Revenue
Many small businesses continue to grow as a result of customer satisfaction, whereas many large organizations can decline when they fail to account for the voice of their customers. The smartphone industry is quite a recent example of this. While Android devices have been steadily increasing market share, the Windows Phone market tanked even before […]
