Tag: Business Management

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How to Build Trust and Loyalty as a Leader

Remember the old saying, "People don't quit jobs, they quit managers."?  It's similar when the people in charge are at fault.  Highly motivated and enthusiastic people, or people who want to make a change, give up because they don't feel their leadership sees the future in the best possible manner. That leadership does not take care of their interests or that leadership is not aligned with whatever the company promises.  About 79% of people would quit and seek new jobs because of bad leadership. In order to solve this problem, you want to make sure you're representing the best leadership… Continue Reading
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Mentorship – Invaluable Advice From Competitors

"Mentorship" is a vague term. Great mentors are successful industry leaders who are your indirect competitors (or at least a few years ahead of time). Someone may pick their own mentor when they are a public figure and consume every bit of information they produce. If you choose a mentor who is only a few years your senior in the same industry, the rewards can be just as significant. Their advice is more relatable and immediately applicable because they've just overcome the issues you're presently facing. Plus, their insights are contemporary, making them highly relevant. Virtual Mentors On mentorship by… Continue Reading
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Why Your Business Needed A Business Process Management (BPM) Software Yesterday

If your company hasn’t grown to a fully-fledged corporation yet, you’re probably terrified (if not disgusted) from all the enterprise lingo - workflows, procedures, contingency plans, risk management (to name a few). But scaling an organization is impossible without the implementation of business process management (BPM) practices in-house.  NASA tanked $327.6M through its Mars Climate Orbiter mission crashing the satellite in 1999 due to a software localization error. Some international horror stories such as Chernobyl could have been prevented with the right contingency plans in place. Let alone the COVID-19 spread we’re all victims of nowadays.  Case in point, business… Continue Reading
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8 Crucial Business Skills to Weather the Recession Storm

The current decade has been turbulent at best, challenging business paradigms, industrial practices, and biological presumptions across the planet. It begs the question: What is the successful route to developing resilient business skills for the years to come? From a global pandemic ranking near the Spanish Flu of 1918-1920 to worldwide lockdowns suffocating the travel and hospitality industries, through an overnight transition to remote work, a massive bump of cryptocurrencies, a housing market growing like crazy from Hong Kong to San Francisco to a global crash in 2022, businesses definitely had to endure a lot. Back to The Global Recession… Continue Reading
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How to Handle a Resignation by a Key Player on Your Team

Handling resignations can be a tough process especially when it’s the top employees who are leaving. Searching for the best replacement for that soon-to-be-vacant role is the most challenging part of the process. So, as much as possible, you want to prevent them from leaving and ensure that employee turnover remains acceptably low for your company. There is a very common fallacy stating that people don't quit jobs, they quit managers. That's definitely the case in many corporations and large organizations with tens of thousands of people and tons of different management layers. Managers are important. But in large organizations,… Continue Reading
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Is Business Process Outsourcing Growing in 2023?

Is business process outsourcing (BPO) growing in 2023?  I'm not going to fool you or mislead you. BPO is still going to grow and is still going to expand in 2023 for multiple reasons, even though remote working is now more popular than ever.  This Market Analysis Report shows that the business process outsourcing (BPO) market stood at a staggering USD 261.9 billion. Forecasts suggest a 9.4% CAGR from 2023 to 2030. BPO services are gaining traction, not just for their cost-effectiveness but for the agility they introduce. The tech trends, especially cloud computing and Artificial Intelligence (AI), are at… Continue Reading
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32 Techniques for Stress Management

Excessive levels of stress—and the inability to deal with it—have been leading to major personal and professional outbursts, impacting the global economy. Stress.org's research indicates that 77% of people experience physical signs due to stress.One in three individuals feels they live with intense stress, and 73% believe it impacts their mental health. Forbes Magazine reports that the U.S. incurs nearly $190 billion yearly in stress-related healthcare costs. 55% of Americans report feeling stressed daily, exceeding the global average of 35%. Stress management techniques have been explored in different depths, but access to information is limited—or at least, distributed sparingly. Schools… Continue Reading
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Employee Motivation Strategies For Managers And Executives

What determines “progress” in terms of employment? Progress is defined by focusing on a higher goal without having to constantly worry about day-to-day needs (food, water, shelter, clothing). Those are the basic survival needs. Until you are sure that those are taken care of, your mind constantly switches back to the urgent needs at hand which are the absolute minimums for survival. A business organization employs that same process, but on steroids. Considering that the paycheck covers the basic needs and then some, employees must feel safe, comfortable, and motivated at the workplace. However, the reality is that employees may… Continue Reading
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The 4 P’s of Employee Relations and Conflict Management in the Workplace

Workplace conflict costs $359 billion in paid hours or 385 million working days annually. This is according to the “Workplace Conflict and How Business Can Harness it to Thrive” report. There were news articles about Apple employees having concerns about the ‘rigid’ rules in hybrid working, while Google’s people were frustrated about the ‘two tiers’ remote working. No wonder why in the month of April 2021, the Great Resignation started happening. Given the diverse range of expenses related to workplace conflicts, it becomes imperative for organizations to prioritize conflict prevention, early intervention, and constructive resolution strategies. By fostering a positive work… Continue Reading
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22 Self-Improvement Areas for Effective Leadership

As a manager, you need to be an exemplary leader to help your organization grow. There are lots of leadership traits that define great managers. Most of them are hard to observe and investigate unless you know what you are looking for. In this piece, I will uncover some of the most important traits that we look for when hiring intrapreneurs and top talent internally, as well as the main areas to work on with individuals and managers for professional self-improvement across different organizations. 1. Defining Success In order to be successful, you first need to figure out what success… Continue Reading