Bright business ideas may come from anyone with the spirit of entrepreneurship, and it is relatively easy to determine the nature of business one may want to do. At the same time, it also brings out some of the most difficult questions including: Strategic Planning: A Guide 1. Where to start in the first place?… Read more
Diversity, Equity, and Inclusion (DEI) programs are often put into place by organizations to reduce unconscious bias and workplace discrimination. However, there seems to be a mismatch in what was intended and what the outcome is. In order to make DEI initiatives do what they were intended to do, HR managers are using diversity metrics… Read more
Introduction The mindset shift from project to product is the new trend in the DevOps and digital transformation world. Any organization that creates products or services can benefit from this innovative approach to development. A project to product mindset (P2P) affects every business element, from developing agile workflows to budgeting and customer service. But what… Read more
Introduction In business, definitions of key terms can be critical to success. Business strategy refers to a company’s overall direction, while business tactics are how a company implements its strategy. Not understanding strategy and tactics results in mediocrity and shortfall in achieving success. For instance, if a company has developed strategies for success and ignored… Read more
What Is Hybrid Culture? A hybrid culture is an environment that blends virtual and in-person work arrangements. It is a flexible working arrangement that has come about as a result of the past two years of the pandemic and is becoming increasingly popular. The hybrid employee experience has helped the workforce make informed choices in… Read more
Introduction A ratchet is any mechanism that allows progressive movement in one direction. Named after the ratcheting form of a winch, the ratchet effect applies to any process where progress is difficult to reverse. TL;DR The ratchet effect happens when performance improvements lead to permanently higher expectations, making it hard to revert to previous levels…. Read more
The past two years have changed the way people work. The impact the pandemic has had on the workplace, and the way of working, is not going to go away soon. In fact, it has created a new style of working which is being called now as the ‘new normal’. That said, the resources that… Read more
The performance management system can be complex and subject to many quirks and idiosyncrasies. One of the critical areas of focus is the type of performance review suitable for your organization. Different performance reviews have been around, and many have evolved over the years. Organizations can choose the kind of performance review and mix and… Read more
The OKR framework was made popular by Google, and it credits much of its success to OKR’s goal setting model. Google has been using OKRs right from its initial days when they were just starting out. Soon after, other big companies like Twitter, LinkedIn, Dropbox, Oracle, and many other companies also followed suit and adopted… Read more
Setting goals and achieving them are integral to an organization’s day-to-day operations. But the quality of goals matters the most when it comes to achieving success in any business; setting the wrong kind of goals can have serious consequences on the success of your organization. Success in attaining those goals needs to be measured and… Read more
The chief operating officer (COO) oversees a business’s day-to-day administrative and operational functions and establishes policies that promote company culture and vision. The COO is second in command of an organization and reports to the CEO. A COO’s role comes with a lot of responsibilities. And it goes without saying that it also comes with… Read more
Business objectives are vital to achieving goals, regardless of the size of your business. They form the road map towards your ultimate business goals. Clear, concise objectives outline what you want your business to accomplish within a specific time frame. They are an essential part of your business plan and require input from all team… Read more