Global Industries With the growth and expansion of global corporations and the inherent demands of global sourcing, strategic alliances have become an essential business practice for most transnational companies. What are Strategic Alliances? Strategic alliances are basically partnerships of two or more businesses that work together to achieve mutually beneficial goals. These partnerships are formed…
Category: Strategy
What makes an organization successful?
What is strategy?
Visionary Leaders
Visionary Leaders
What is the Role of Marketing Communications?
Effective marketing is more than taking a good product, pricing it well, and getting it to market. Businesses must also connect with new and existing customers. For most businesses is not whether to communicate. Rather it’s more about what to say and where to say it. The Ever-Changing Consumer Consumers are taking a more active…
Jack Welch & General Electric
Jack Welch
What is the Secret to Walmart’s Success?
Walmart’s First Stores Walmart, considered to be one of the most successful companies in the history of the world was founded by Sam Walton. The first Walmart stores were opened in rural Arkansas in the 1960’s. Rural Roots Sam Walton bet the other way when it came to building up his discount store empire. In…
Effectiveness of Teams
In 2018, I surveyed leaders from around the country to ask them why their businesses had incorporated teamwork into regular business operations. Below I’ve listed their responses in percentages. Quality of work improvements – 35% Productivity increases – 25% Reduced operating costs – 15% Job Satisfaction of team members – 14% Restructuring made easier with…
What is Search Engine Optimization?
Search Engine Optimization often referred to in its short version as SEO refers to the practices you can undertake to improve your website’s visibility when individuals search for your products or services. This process takes place each time someone uses a search engine such as Google, DuckDuckGo, Bing, and others. Why is SEO Important? No…
Biases, Decision Making, Heuristics & Accounting
Much of the accounting literature available today focus on decision-making that is quantifiable in measuring financial outcomes. By contrast, little consideration is given to the behavioral dimensions that often affect decision-making within financial and managerial accounting processes. Budgeting and Biases Budgeting requires forecasting of cost and sales for the year ahead. Most organizations are profit-driven. …
Policy Setting for Non-Profits
A smart non-profit organization develops policies that support its strategic and operational plans. Effective policies have a high level of uptake by staff and board and make the organization stronger. By comparison, policies that don’t make sense will not be upheld at an operational level and can cause confusion among the management and staff. Six…