Political and economic pundits have been discussing the increasing labor shortage, though it would not appear to have one single root cause. As employees ask for higher wages, existing distribution structures are struggling with the demands. A few industries have raised prices as a way to deal with this while others are working with their […]
Innovation
2nd-Order Effects Of Pandemic Create New Business Approaches
The global impact of COVID-19 has so far been unlike anything since at least the second World War. And everything in life has consequences. We’ve already seen the first-order consequences of the pandemic such as the shut-down of international travel, the temporary lockdowns, the social distancing, and the strained supply chains. These consequences have already […]
What is Innovation, Really?
As the saying goes – innovate or die. But what impact does innovation have in real life? Sure, it is fine to be creative but does that really make a difference? Research says that our average standard of living has increased substantially since we chose to innovate. An average household owns 1.88 cars, 90% of […]
Caring and Tech: Reimagining the Nursing Homes of the Future
There is a growing disconnect between the quality of life and care in nursing homes and the number of people who will need nursing home care at some time in life. While just 19 percent of Americans feel that nursing homes make them better off, 1 in 3 people will need that care in their […]
How the Democratization of Pro Services Boosts SMBs
In the past year, small businesses had had to adapt quickly, accelerating the need to adopt new technologies, and a different way of working. The digital transformation that many companies have undergone due to the pandemic has resulted in the democratization of professional services. With technology acting as the enabler, this is a huge win […]
How Modern Law Firms Are Adapting To Virtual Meetings
It is the rare breed of individual who looks forward to conference calls. Conference calls can verge on chaotic, if not downright anarchical. Identifying who is in charge or knowing if anyone is paying attention is hard. You can improve the quality of your conference calls by including creating an agenda, setting a time limit […]
Is It Your Brilliant Plan or Your Execution?
“Everybody’s got a plan – until they are punched in the face” – boxer Mike Tyson Mike Tyson: brilliant business savant My experience personally reviewing over three hundred executive summaries each year, all sent to me unsolicited, seems to bear out the truth in Tyson’s statement. Anyone can build a good – or great – […]
5 Technologies to Help Your Small Business During the Pandemic
Small business ownership is something that’s quite challenging, and that’s during a typical year. If you own a small business during the pandemic, you might face more issues than ever before. Covid-19 has shuttered some small companies temporarily, and others have closed their doors forever. If you’re still in business, we commend you for your […]
Establish Social Growth for Positive Change
Both startups and established companies have been able to identify both new threats and new business opportunities in their adaptation processes to the digital age. They have developed relationship mechanisms with their customers and even with their employees through these social platforms. Since the appearance of the first social networks to the present day, more […]
Businesses Face Anti-Plastic Sentiment: How to Adapt
We’re beginning to see plastic differently. Thanks to campaigns about environmental issues including marine pollution and climate change, public opinion of single-use plastics is shifting. Over half of consumers now believe plastic to be “harmful”. Every business needs to take note of this, SMEs included. Consumers want to know that what they’re buying is sustainable […]
