5 common business contract risks and how to avoid them
Types of Contract Risk Contracts are legally binding agreements between two or more concerned parties that move through a set lifecycle. A well-structured business model canvas can prevent contract misalignments and clarify your value streams. Many businesses have to deal with a mountain full of contracts on a daily basis and at times some contracts […]
4 questions you need to ask about your supply chain
The supply chain is the entire system of organization or process of producing and distributing goods to its consumers. The management of the supply chain is critical to any business because it can reduce the cost of operating and increase your customer satisfaction. The proper management of the supply chain can also reduce the cost […]
Challenges, pacing, and disruptions in business
Business challenges, pace and disruption Business Challenges, Pacing, and DisruptionMany factors affect a business both internally and externally. These factors can help your business grow or it can drag your business down. So, let’s talk about it. PacingAccording to dictionary.com pacing is the rate of activity, progress, growth, performance, or tempo. This is easily integrated into any business […]
Why changing your mindset is important for your business
Your mindset and how you perceive tasks, challenges, and obstacles in life and in business greatly affect your actions which leads to the underlying consequences of success or failure for your company. Taking into account the value of your mindset in your business, then changing it for the improvement of your company is just as […]
6 ways volunteering helps your business
Volunteerism is defined as giving your time and your skills for the benefit of other people. It allows you the opportunity to make your community better and it’s not a one-way street either. By volunteering, you are not only helping individuals or groups of people, but you are also benefiting from it because it lets […]
8 ways to improve how you make business decisions
Business decisions are normally made by individual senior executives. Reports and information are generally escalated to them and from there the decision for the business is left up to them. Data goes in and decisions are sent out. Decisions made by the executive level steers the entire company’s direction. The decisions made must be quality […]
The Jeet Kune Do Approach in Business & the Lost Art of Execution
About two years ago, a viral sensation in China shook the entire country’s traditional martial arts scene. Mixed martial arts practitioner Xu Xiaodong came in to face Tai Chi master Wei Lei in a basement. Multiple versions of what occurred have since surfaced. Still, the most widely believed story is that Xu challenged Wei Lei […]
5 things about Business Improvements I wish I knew when I started
The global lockdown has been in place for what feels like an eternity now but is in fact just a few weeks. Luckily, there is finally a small glimmer of light at the end of the tunnel. Presidents and Prime Ministers are starting to talk about slowly reviving their industries and business. While the news […]
Maintaining human perspective in the age of Digital Darwinism
More companies are transforming themselves through the digitization process. In fact, the Harvard Business Review reports that US$1.3 trillion was spent on digital technology projects last year. In practice, the process is often defined as increasingly using new, fast and frequently changing technology to solve problems. Its goal is more or less similar from one company to […]
How not to destroy your business through time-wasting
Every good leader knows they are only as good as the team around them. When you finally make it to the dizzy heights of senior management with a big hefty salary, the responsibility to make that team work is yours. The difference between a good manager and a bad manager is in how they organize […]