Most innovations come from responding to a customer’s needs, or finding a niche where products need improvement or extension. It is rare to innovate using a blank sheet of paper in a room with bare walls and no other contributors. A thought exercise Imagine the room in which several graduate business school student groups have […]
Strategic Planning
How to Write a Project Risk Assessment
Life rarely follows the path that we want it to when it comes to projects. You might plan for every stage of the project and every penny spent but then something will come along and completely change everything. A good project risk assessment, however, can be a great tool when it comes to preparing for […]
Learn From New Venture Trials & Tribulations
Entrepreneurs seem more quickly frustrated these days when their “million-dollar idea” doesn’t turn into a sustainable business overnight. They don’t realize that it takes many skills to build a business under the best of circumstances, and today’s world of instant gratification doesn’t leave room for the patience and practice to develop these skills. Successful sports […]
5 Steps to Post-COVID Business Success
All the major sectors of the economy have been adversely affected by the COVID-19 pandemic. The current crisis has necessitated changes in the way businesses operate. A recent study has shown that over 90% of business owners believe that the disease will affect them negatively. However, experts maintain that the adverse effects of coronavirus are […]
What Would Happen to the Business if You Die, Leave or Are Disabled?
Yes, we’re invincible when young When we are young and early in our business lives, we feel infallible to the degree that we do not think of what might happen if we die while in office or decide to leave the company for any reason. Such thoughts just do not occur to most of us […]
Ensure Your Small Business Always Meets Targets
Pexels – CCO Licence All businesses rely on meeting their targets to achieve commercial success. For smaller firms, in particular, limited resources and a bigger reliance on cash flow means it’s essential to hit your targets. Whether you’re falling short of your sales targets, your productivity is dropping or you’re missing your customer acquisition goals, […]
What Are the Basic Essentials of Strategic Management?
Strategic management is referred to the process of specifying the objectives of the brand, developing policies and modelling ways to achieve the objectives, to ultimately allocate the resources to apply the plan. It is considered to be an elite level of managerial operations that is solely restricted for the top management of the organisation to […]
How to Fix an Under-performing Sales Team
“Our leads are not convinced that our product works” “People are working from home. That’s why I have not been able to close leads” “Till we have the new version of the product ready, our close rates are going to be low” These are excuses that sales teams give every single day. Know what? Those […]
Doing the Impossible Starts with Rose-Colored Glasses
“Most professionals aren’t as good as they think they are. And that may be the secret to their success. I’ve come to believe that their belief in themselves is why they’re successful pros—and why I’m prematurely retired.” These are the words of a golfer who was once lauded as the best junior player in the […]
5 Essential Tips to Manage a PR Crisis
Every business is vulnerable to a PR crisis or issues that are impossible to predict. The current pandemic is an obvious example, but even in “normal” times, crisis management can be needed for issues as wide-ranging as staff caught in criminal acts, financial worries, customer service complaints or emergencies such as fire and flood. Crisis […]
