Operations

Operations (197)

Make Sure Your Change Management Strategy is Set for Success  

Change is something that does not excite many people. Yet, we must be embraced if organizations are to keep up with the changing times and marketplace. While many people talk more about the management of change, it is a topic that is easier said than done. It is a process that eludes many organizations. In some instances, failure to manage change has made some companies obsolete and kicked them out of the market altogether. So, how can leaders manage change successfully, considering people are not always excited about it? Here are the best pitfalls you should be careful about when managing change in your organization.

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How Are You Stepping Up Your Small Business Recovery?  

 The year 2020 was a year of turbulence never witnessed before in human history. For business owners, the pandemic and the effects it left were a nightmare that left many organizations struggling to remain operational.  The year signified changing times as business owners had no option but to look for new methods of remaining operational at a time when the sources of revenue were cut, and demand for many items was significantly hit. As we begin a new era where the pandemic is slowly becoming part of us, you will need additional measures to remain standing. Here are ways that you can step up your small business for recovery post-pandemic.

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Rebuilding Small Businesses: Volunteers Wanted

Are you a successful corporate executive with deep business knowledge? Or a social media maven who guided a corporate brand to big time success? Maybe you’re a public speaker and trainer that can inspire small business owners to climb to new heights of success? Or a savvy entrepreneur who has launched successful startups?

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5 Steps You Need to Take to Ensure Your New Business Opens Its Doors on Solid Footing

A record numbers of new businesses opened in 2020 – nearly 4 million intrepid folks struck out on their own during the first year of the pandemic. At first glance, this trend may seem to fly in the face of the country’s unemployment numbers and the evidence we all saw on Main Streets around the country. But in the face of so many unknowns, many new entrepreneurs decided to take a moment of global transformation to pursue their dreams of business ownership.

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Make Your Business Thrive After COVID

Regardless of the size of your enterprise, it has probably been affected by the COVID-19 in one way or another. The pandemic has brought many businesses to their knees, while those that remain standing have been affected in a way that might take years to recover. Most of them are fighting to satisfy their customers while remaining open by finding new, innovative ways to grow. Despite the pandemic-related challenges, businesses can still survive, although it will take more than the current government-related funding. The real work will begin with business owners and the executives and the strategies that they will lay down behind the scenes to overhaul their operations and take their businesses into the future as far as performance is concerned. Here are some strategies to make your business thrive after COVID-19.

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COVID Vaccination is Helping Businesses Rebound

The news that major pharmaceuticals had secured authorization for a coronavirus vaccine was a source of hope. To many businesses, the global economy had a chance to bounce back. As the vaccine rollout continues in many countries, small business owners are getting a new sense of confidence that things might soon come back to normal. With the rates of vaccination rising by the day, experts project an increase in money spending among citizens. This means that businesses are soon going to make profits.

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Your Next Small Business Opportunity Could be One of These 5 Ideas

With so many opportunities out there, it is always hard to settle on the best idea to invest in as an entrepreneur. It can be challenging to figure out where to put your money and an investment worth pursuing. Although jumping on a new trend can be risky in many instances, it can also be rewarding if you focus on what you love. The best business ideas are those born at the intersection of strategic thinking, passion and right timing. Your next small business opportunity could be one of these five ideas:

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How to Make Sure You’re not the Next Hardware Development Failure Statistic

Turning an innovative idea into a successful commercialized product is no small feat. In fact, most hardware product design projects fail to deliver a positive return on investment. Research shows there are a myriad of contributing factors to hardware product design failure. And among a thousand decisions that need to be made in the product design lifecycle, there are fewer than 10 critical decisions that if made incorrectly, not only lead to new product failure in the market, but also start-up company failure.

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Not All Small Businesses Are Optimistic About Rebounding from COVID

The coronavirus pandemic has wreaked havoc on almost every industry and business, both small and large. While large enterprises have been affected, small ones have suffered the most from the pandemic. All over the world, many small and medium-sized companies were forced to stop their operations, with most of them having to realign to stand a chance of surviving the harsh times. Despite the loans and other packages that the government and other institutions have released, a Wells Fargo survey indicates that small business owners continue to face many financial challenges due to the global pandemic.

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Micro-Planning Through Uncertainty

In the current age of uncertainty, there is very little over which we have any real control. This makes people uncomfortable—particularly in the business community, where business leaders and decision-makers struggle to plan for a future in a present that continues to take unexpected detours. The question is, how can businesses plan for growth when the goalpost (and the field and the players, for that matter) continue to move? 

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