Business Archives

What Is Greedflation, and Does It Actually Exist?

What is greedflation? Why is it controversial? Is it just a conspiracy theory? Some economists say companies are using inflation as an excuse to ratchet up prices to profit excessively. Known as “greedflation,” this practice comes at the expense of American consumers. Mainstream economists have been skeptical of the greedflation concept, with some calling it a conspiracy theory. Keep reading to learn about greedflation and the opposing viewpoints as to its existence.

Importance of Planning in Business & How to Succeed at It

What is the importance of planning in business? How can you create a detailed plan that will help execute your goals? A solid plan is essential for any growing business. Keith Cunningham’s book The Road Less Stupid says that having a goal for your business isn’t good enough. You need a clear plan for how to reach that goal and track your progress. Keep reading to learn why a business plan is important and how to develop one.

The 8 Best Books on Change Management for Leaders

Is your organization going through a significant change? What are the best books on change management that can help you smoothly initiate the transition? Changes at work can be scary, especially for people who rely on a steady routine. But changes are bound to happen, and you need to be prepared to overcome any bumps in the road during that transition. Below we’ve gathered the eight best books on change management that every leader needs to keep on their shelf.

How to Avoid Mistakes at Work: Take Thinking Sessions

Are you a leader that people depend on? How can you avoid mistakes at work? Mistakes are bound to happen in the workplace, but the great thing is that you can learn from them. Keith Cunningham’s book The Road Less Stupid says that you’ll be able to avoid making the same mistakes twice if you take the time to think about your decisions before making them. Continue reading to learn how to avoid mistakes at work.

The Top 4 Problem-Solving Tools to Keep Under Your Belt

Are you trying to find a solution to a dire issue? What are the best problem-solving tools to use? Problem-solving is something you do every day, whether you notice it or not. Whether you have a broken coffee machine or you’re trying to beat out the competition in the market, there’s always an issue in need of fixing. We’ll first look at the five steps to problem-solving and then explore problem-solving tools to make the process easier.

The Project Execution Phase: Tips & Best Practices

What is project execution? What’s the best way to get your project off the ground? The project execution phase is the most critical phase to pay attention to. It’s the point in the project where you take action on your ideas and troubleshoot anything that may fail. Continue reading if you want to successfully survive the execution phase, according to Patrick Lencioni’s The 6 Types of Working Genius.

Competency Mapping Process: What It Is & How It Works

What is the competency mapping process? How should you organize your team by their skills and abilities? Employees need job titles and descriptions so they know where they fit in with the company. Competency mapping ensures that everything is running smoothly by matching specific skills with certain roles. Below we’ll discuss how the competency mapping process works, as described in The 6 Types of Working Genius by Patrick Lencioni.

Do Boycotts Work? A Look at Cancel Culture in the US

What’s behind the recent rise in boycotts in the US? Do boycotts work? Is there such a thing as too many boycotts? Boycotts are on the rise in the US, but experts say they’re not leading to the change that Americans participating in them hope to see. Experts say the growing ubiquity of boycotts could reduce their effectiveness in the future, as constant controversy associated with them causes Americans to tune out. Keep reading to learn about the most recent boycotts in the US and whether or not they’re working.

How to Improve Team Performance & Organizational Health

Has your team been underperforming? How can you improve team performance? Teams work best when employees are bouncing off each other. In The 6 Types of Working Genius, Patrick Lencioni explains that it’s a manager’s job to identify the team members’ types of intelligence and organize them to optimize performance. Here’s how to improve team performance and get the most out of the workday.

Why Lithium Is So Crucial (and How the US Is Falling Behind)

What, exactly, is lithium? Who’s in the race for lithium supply chain superiority? Who are the likely winners and losers? The US and other global powers are in a race to lock in lithium supply chains to meet growing electric vehicle needs. But the US faces a long road to becoming a player in the lithium supply chain game, and it’s likely to remain reliant on other countries for the mineral for the foreseeable future. Below we’ll take a look at the US lithium situation compared to other countries.