Problem: Over the last few decades, online and global sources of competition have become a ubiquitous challenge for strategy makers from almost all industries. Leaders are often at a loss to compete with the increasing speed and seemingly incessant barrage of new competitors. Travel agents represent a profession that was among the earliest and most […]
As mentioned in last month’s article, economic downturns are notoriously hard to predict. However, certain patterns have indeed emerged from past recessions that can help us see where we are in a business cycle. Perhaps the most relevant indicator that has typically preceded a downturn is a persistently low unemployment rate. If we assume the […]
Problem: Retaining valuable employees has been a struggle over the last few years for my firm. I need smart, loyal, engaged employees with robust problem-solving skills to fill out my work teams. Where can I find good team members who are seeking to become part of a productive team? Maintaining work teams has become a […]
There is much speculation amongst both the general public and economists on the timing of the next economic downturn. The running joke in my field is that economists are about as good as weathermen in terms of accurate predictions. Fair enough, but in our defense, there are so many variables at play that prognostication is […]
Problem: We recognize the importance of ethics to build trust in our company, yet struggle with how to encourage ethical conduct throughout the organization. How can I encourage my employees to follow our ethics and compliance guidelines in their day-to-day tasks? Business managers know the importance of ethics in business. Ethical misconduct by employees can […]
Problem: My organization has been in continuous hiring mode, and our batting average is atrocious. Time and again we hire people who ace the interviews but ultimately prove to be a bad fit. How can we make better hiring decisions? A good way to begin to improve your hiring process is to understand how to conduct […]
What is the secret to achieving growth through digital marketing?
Problem: We are constantly trying to improve our business processes and operations, but we are overwhelmed by the amount of data and complexity of our processes. We are convinced that our customers would benefit if we could improve our processes. Where do we start? Companies that tackle process improvements do not have to hire a […]
Problem: We’re a young and growing company that has developed a reputation for delivering value to clients and we have aggressively sought new growth opportunities. We were just presented a new opportunity that could substantially grow our business, but it is tangential to our core capabilities. How should we decide whether to seize this opportunity […]
Problem: Recently, my company was presented with an opportunity to expand its sales to Argentina. We have several people on our team who speak fluent Spanish and are eager to visit the country to explore the opportunity. Are there any other factors to consider before we send the team to Argentina? A business opportunity has emerged […]
How can a business maintain a high level of customer service in spite of increasing labor costs?
Problem: I recently was tasked with increasing and improving the effectiveness of my company’s social and environmental responsibility. Most of the previously adopted initiatives hurt our bottom line. How can I help my company be more socially and environmentally responsible while also increasing our profit? There is a longstanding belief throughout the business community that […]
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