Latest Posts in Strategy and Operations
As a small business owner, you’re crazy busy with everyday tasks that support running a successful company … yet planning for the future is essential to ensure financial stability and growth. This is where Succession Planning comes into the picture.
If you’re interested in learning more about knowledge management, or if you need more insight on why it’s important to your company, you’ve come to the right place. In this brief article, you will learn the basic definition of knowledge management, the two main types of knowledge and how your company stands to benefit from a knowledge management plan.
When it comes to running a successful company, there’s no question that profit and growth are only sustainable if a clear succession plan is in place. What good is your business if all the institutional knowledge needed to handle the in’s and out’s of the company is tucked away in your CEO’s head?
Baby Boomers are retiring at a staggering pace of over 4 million per year. Consequently, this has created a dramatic increase in privately held company transfers to the next generation. Needless to say, this can be a huge undertaking. Many business owners are caught in a challenging situation where they feel stressed and unprepared.
How should a company evaluate new ideas? That’s a question I pondered a lot in the past. Who hasn’t sat around a board room table with colleagues, listening to a presentation by someone looking for buy-in on their supposed great idea?
The Fortress; it symbolizes all that is strong and impenetrable in folklore and is replicated time and again in mythological stories of protection and safety. When it comes to company culture, there are many types and blends, but the fortress culture is truly the worst kind.
I don’t always think about business while watching a children’s movie, but recently it dawned on me that there can be many relevant lessons. For example, while watching the three Despicable Me films, it became clear that all the movies are a long, exciting competition between other super villains to be the best.
Many organizations use strategic workforce planning as a tool to align their business strategy with their talent strategy.