When a company decides to undergo restructuring, the prime group affected by this change is the employees. This sensitive change is prone to invite a mixed bag of reactions. A significant variation in the structure can affect the employees emotionally as well as professionally. This makes it necessary that something [...]
Thinking of how to put your company’s strategic initiatives to better use? Take a look at this powerful business tool. Business leaders generally strive to bring together the best of the brains in the organization to come up with the winning strategy in the world. Everyone also takes pride to [...]
What today’s cut-throat competition demands from an organization to be successful is attract potential candidates and retain key employees so that a strong, committed workforce can be built. So what is the secret to building this workforce – a workforce that empowers an organization to outperform the competition? During the [...]
By definition, a strategic plan is developed by the CEO’s and rest of a Company’s top management. But the irony of the fact is that the heads who are meant to be doing this are the ones who are usually caught up dousing the fires of everyday operations. As such, [...]
Let’s start with an example that each of us can relate to easily. In life, we always aim to keep moving forward. When a kid starts school, it is with the objective of passing out ten years later with flying colors. Similarly, when we start our career, it is with [...]
Companies, who are focused on their trajectory of growth, don’t give strategic planning a second thought. They know from experience that strategic planning is mandatory to accelerate growth. Apart from themselves, they have seen others too – companies that have leveraged the power of strategic planning for a fresh and [...]
Making a business plan is crucial for the business. When put up, the plan must give a comprehensive idea of what the business is, where it is planning to go and how it will get there. It will specifically outline the financial goals and how it will gear up to [...]
What is Balanced Scorecard? The Balanced Scorecard is a business framework for tracking and managing an organization’s strategy. Based on the balance between leading and lagging indicators, the framework tells us about the gap between the company’s drivers and its desired targets. Are you meeting your goals? Are you on the right track [...]
Just as an ordinary city becomes a throbbing metropolis with the right attitude and intention of the public and political leadership, organizations too thrive with the right balance of skills and abilities. Today, organizations across the globe are facing a severe challenge in improving profits while operating amidst a no-nonsense, [...]
Have you ever seen an orchestra? The way the Maestro conducts and leads the entire group of diversified musicians. Every individual in the group has his/her music sheet to follow. Everyone and I mean each and everyone has a very crucial part to play along with the Maestro. Remember one [...]
