Risk management is becoming an integral part of businesses. This article looks at five tactics that businesses without a strong risk management strategy can consider and begin to implement during these uncertain times.
Using the Rasmussen safety model formulates a process to open a business without drifting into failure. The boundaries include safety, workload, and economy. Balancing among each will help the company function by using a hierarchy of controls to prevent movement into a critical area.
Women are underrepresented as CEO's of major corporations. In the U.S., we are yet to have a woman president. The proverbial glass ceiling seems to be a ubiquitous fixture within the halls of power. Given the opportunity, can women perform? Can they compete with their male counterparts?
Project management does not have to be on a grand scale and is not limited to big projects. You can use some of the information presented in my 3 Project Management Principles articles to develop a personal action plan.
The minimum viable product (MVP) concept is highlighted in the book "The Lean Startup" by Eric Ries. Startups should get to know what a minimum viable product is, how to release it, and how to differentiate startups from established businesses.
If there's one entrepreneur who revolutionized technology in the millennial age, it's Steve Jobs. From starting Apple with Steve Wozniak back in 1976, to being ousted in 1985 and to making a triumphant return in 1997; there's a lot that can be learned from reading Isaaacson's classic.
This article examines the specific strategies that can be applied by business owners and other professionals to better manage their time on a daily basis.
Although leaders have to be results-oriented, they can do this by exercising high level interpersonal skills that their team members adopt to further improve the organization. But to achieve success, a leader has to solve problems and make the tough decisions.
Leaders need to be able to think strategically and be creative in order to solve the complex problems of today. This will not only make them indispensable to their organization, but it will also allow them to anticipate oncoming challenges and make effective decisions.
Leaders need to provide purpose, direction, and motivation for the persons they lead. To do this, they must develop six foundational abilities: vision, social intelligence, level 5 leadership, decisiveness, consistency, and reflection.
Strategic leaders are able to transform an organization through vision, values, the culture and climate they create, and the systems they develop. A personal leadership model becomes invaluable to make a personal and organizational transformation.
Intrapreneurship is a buzzword often thrown around in several companies. While taking the initiatives and risks while having the security of being in an organization sounds exciting, one needs to watch out for this word for a few reasons. Here is why I am not an advocate of intrapreneurship.
A high-profile lawsuit, an accounting scandal, an instance of workplace violence, or one of many other developments can have a devastating impact on a business or non-profit. It is critical that you plan for a variety of crisis scenarios and are as ready as you can be when one hits.
We all have seen the reports of firefighter deaths, and there is that little word, communication. Communication is vital to the fire ground and the success of a department, but what happens when it is used the wrong way, or even worse, overused?
In the building industry, a project manager must have the ability to collaborate and work harmoniously with clients, team members, and contractors. But it goes beyond that. What are the golden rules project managers must follow to ensure they complete projects in a timely and professional manner?
Learn about some women entrepreneurs who have gained success in the restaurant industry.
This article discusses the adoption of lean manufacturing by the United States and how these lean principles help to reduce costs and reduce wastes to enhance business performance. Three of the biggest lean applications adopted from the Toyota Production system are discussed briefly.
Motivating employees is vitally important for maintaining a productive workforce and minimizing staff turnover, but sometimes even the most experienced managers need some fresh ideas. This article lists 12 tips for maintaining high enthusiasm levels.
Effective leadership is vital in any organization, but achieving the correct style for the challenges faced can be difficult. This article looks at ten common styles of leadership.
A capable team is essential for achieving successful business outcomes. However, teams are dynamic and there are a number of situations that can result in a team's demise. This article focuses on ten reasons why teams fail and how to deal with those situations.
Whether you’re new to the role, or just looking for tips on how to be a better manager, here’s what you need to know to start improving your managerial abilities.
In modern business, there is a great need for safe, data-driven decisions based upon the past. However, we will need to remember to put emphasis on being more human—as people and as companies—to succeed.
Beimng a good leader on the fire ground takes more than being "the man" or "the boss". It takes knowledge and wisdom and a bit of common sense to boot.
To motivate employees and enhance business competence, reward and incentive systems are often utilized by business managers. This article analyzes the use of a reward and incentive system by McDonald's for the Australian market.