Business Archives

Strategic Goals of an Organization: Management Basics

What’s the main strategic goals of your organization? Are you clear about the direction in which you want to develop your company? According to Richard Rumelt, the author of Good Strategy, Bad Strategy, when it comes to setting big-picture strategic goals of an organization—no matter how large—it’s best to choose one or two narrow goals and abandon other goals that will only serve to spread your resources and focus. Further, don’t mistake growth as a goal: growth is a sign of a healthy company but it’s not a strategic goal in and of itself. Then, choose feasible objectives that you

The Value of Praise and Recognition in the Workplace

Why is it important to provide praise and recognition in the workplace? What are the most common excuses for not giving recognition? In his book Carrots and Sticks Don’t Work, Paul Marciano discusses why praise and recognition in the workplace are so important. When employees feel like their work is valued, they’re happier, they perform better, and the workplace becomes a more positive environment for everyone. Continue reading to learn the benefits of recognizing your employees’ work.

Transparency in the Workplace: Embrace the Auditors

How can you leverage transparency in the workplace to strengthen your organization? What if you created an atmosphere of embracing outside oversight? It can be tempting to handle organizational problems in house and keep them out of the view of auditors. David Marquet chose not to go that route. Instead, he embraced the inspectors, which necessitated transparency in the workplace. In this case, the workplace was a submarine. Read more to learn how transparency in the workplace can move your organization forward.

Organizational Weaknesses: Watch Out for Weak Links

Do you want to take your business to the next level? What are the main weaknesses your organization is facing? When running your business, you must not only focus on your strengths, but you must also be aware of your weaknesses. These weaknesses might be a weak link in your operations (a department that’s not functioning properly or a product that’s bleeding profits) or it may be the development of organizational inertia or entropy (stasis or disorganization). In this article, we’ll discuss common organizational weaknesses—inertia and entropy, and how to prevent them from compromising your business at its core.

12 Actionables for Cultivating Trust in the Workplace

What does it mean to have consideration and trust in the workplace? What actions can you take to be more considerate to your employees? The simple act of acknowledging an employee as an individual can go a long way in terms of their job performance. These acts of consideration can be as small as asking somebody how their day is going or trusting them with ownership of a project so they don’t just feel like a cog. Here are some steps you can take to make your employees feel like their job isn’t just a paycheck.

Jeffrey Gitomer: How to Be Successful at Sales

Do you work in high-profile sales? What can you do to level up your sales game? Jeffrey Gitomer, the author of several best-selling books on sales, argues that to be successful at sales, you must first create an atmosphere conducive to buying. To this end, you must first prepare by doing your research on the prospect’s business. Once you understand their needs, try to secure a meeting with the top decision-maker in the company. And after getting in front of the person who can say “yes” to a sale, the next step is to give value. Here are some tips

Distracted at Work? Cut Down on Your Email Time

Does your work often get interrupted by emails or group chats from coworkers? Is there a polite way to put off answering emails? One of the biggest distractors at work is email. Reading and responding to emails takes a lot of time, not to mention that switching tasks makes your work take even longer to complete. Thankfully, Nir Eyal came up with a solution that will reduce your email distractions. Here is Nir Eyal’s advice for when you get distracted at work.

The 3 Kinds of Globalization: Tech, Business, & Money

What exactly is globalization? What role does technology play in the increasing pace of globalization? Accelerations in technology have resulted in a corresponding acceleration in globalization—the flows of knowledge and information that connect the world and make every part dependent on all the other parts. According to Thomas Friedman, the author of Thank You for Being Late, there are three kinds of globalization happening in the world: 1) the flow of technological knowledge, 2) the flow of business, and 3) the flow of money. Keep reading to learn about the three types of globalization and their implications for the world at

A Business Growth Plan: 3 Keys to Next-Level Success

Is your business up and running, but you wonder how to keep it going strong? Are you ready for a business growth plan to take your company to the next level? In The E-Myth Revisited, Michael E. Gerber shares three elements of an effective business growth plan for ongoing success. It involves three activities: innovation, measurement of results, and execution. In the book, he explains why this process is critical to realizing the American small business dream. Keep reading to learn about the three key pieces of a successful business growth plan.

The 3 Business Stages: Infancy, Adolescence, Maturity

What business stages must entrepreneurs understand and navigate? What are the risks of each phase? In The E-Myth Revisited, Michael E. Gerber describes three business stages: infancy, adolescence, and maturity. He explains the characteristics—as well as the risks—of each. Business owners must learn to navigate these phases. Keep reading to learn about the three business stages of E. Gerber.