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Will You Add? - Trends in Business - Risks and Opportunities
My wife and I recently needed to renew our mortgage for another term. The last time our mortgage was due, our bank called several months in advance and offered a good interest rate so we automatically renewed with them. This year, however, was a bit different. We decided to do a bit of homework before speaking to our bank so that we would be in a better position to negotiate a better interest rate. We did some research and found a lender who offered an extremely attractive interest rate—almost two full percentage points be
It is always fun to read Faith Popcorn. In her newest offbeat book "Dictionary of the Future" authored with Adam Hanft, they cleverly coin terms that are designed to express what the world is about to become. While the book is a bit far out, the underlying truths are insightful.
Karl Albrecht in his book "Corporate Radar: Tracking the Forces That Are S
For your company to truly reap the rewards of a structured corporate travel policy, it must focus on one thing above all else: compliance. Unfortunately, while the explosion in convenient Self Booking Tools gives you a lot more freedom of choice, it also makes compliance a great deal more challenging. Any technology that supports an increase in compliance to policy has merit; it will save your company money and bring back the benefits of corporate travel.Today's diversity of choice in self booking tools makes compli
Making important decisions about how best to spend money and time can be stressful and confusing. The strategic planning process is designed to help you make difficult choices within a framework of a 3-5 year plan. The framework involves looking at both internal and external factors in order to design strategies that take advantage of opportunities, while minimizing risks.
A central part of the strategic planning process involves developing a set of key assumptions to serve as a reference when creating forward-thinking strategies. These assumptions come from looking at data and researching trends.
By understanding the changes that are developing in the marketplace, you become less vulnerable to short term events and opinions. By positioning in alignment with the trends in your industry, in your customer's industries, and in the world in general you have a much better chance of success.
Futurists
"The factory of the future will have only two employees, a man and a dog. The man will be there to feed the dog. The dog will be there to keep the man from touching the equipment. -- Warren G. Bennis
There are many sources of information about future trends. As you read and listen to the people around you, you will find a lot to think about.
In "The Strategic Human Resource Leader" William Rothwell, Robert Prescott and Maria Taylor, talk about six key trends shaping the future: changing technology, increasing globalization, continuing cost containment, increasing speed to market, the growing importance of knowledge capital and the magnitude of change will shape our future.
It is always fun to read Faith Popcorn. In her newest offbeat book "Dictionary of the Future" authored with Adam Hanft, they cleverly coin terms that are designed to express what the world is about to become. While the book is a bit far out, the underlying truths are insightful.
Karl Albrecht in his book "Corporate Radar: Tracking the Forces That Are S
Do you own a franchised business? Over 400,000 franchised businesses currently operate in the United States, which is a true testament of free enterprise. There are many advantages of franchised businesses, which anyone who owns a small business has thought about. One thing they probably have not considered; whether they are franchisee or not is that in a franchise system; your local franchise runs as store exactly like yours. They are aware of every single aspect of your business. So it makes sense that if you want to go
A central part of the strategic planning process involves developing a set of key assumptions to serve as a reference when creating forward-thinking strategies. These assumptions come from looking at data and researching trends.
By understanding the changes that are developing in the marketplace, you become less vulnerable to short term events and opinions. By positioning in alignment with the trends in your industry, in your customer's industries, and in the world in general you have a much better chance of success.
Futurists
"The factory of the future will have only two employees, a man and a dog. The man will be there to feed the dog. The dog will be there to keep the man from touching the equipment. -- Warren G. Bennis
There are many sources of information about future trends. As you read and listen to the people around you, you will find a lot to think about.
In "The Strategic Human Resource Leader" William Rothwell, Robert Prescott and Maria Taylor, talk about six key trends shaping the future: changing technology, increasing globalization, continuing cost containment, increasing speed to market, the growing importance of knowledge capital and the magnitude of change will shape our future.
It is always fun to read Faith Popcorn. In her newest offbeat book "Dictionary of the Future" authored with Adam Hanft, they cleverly coin terms that are designed to express what the world is about to become. While the book is a bit far out, the underlying truths are insightful.
Karl Albrecht in his book "Corporate Radar: Tracking the Forces That Are S
Fire the PA – hire a VA!Is paperwork stopping you from growing your business? Do you wish you had a bit more time to spend on doing the things that got you excited in the first place? Building a business can turn into an exhausting treadmill if you aren't careful. The more business you do, the more administrative tasks you have; the more time you spend on administrative tasks, the less time you have to focus on generating new revenue.Wouldn't it be great if you had an assistant that was always ready to work
Futurists
"The factory of the future will have only two employees, a man and a dog. The man will be there to feed the dog. The dog will be there to keep the man from touching the equipment. -- Warren G. Bennis
There are many sources of information about future trends. As you read and listen to the people around you, you will find a lot to think about.
In "The Strategic Human Resource Leader" William Rothwell, Robert Prescott and Maria Taylor, talk about six key trends shaping the future: changing technology, increasing globalization, continuing cost containment, increasing speed to market, the growing importance of knowledge capital and the magnitude of change will shape our future.
It is always fun to read Faith Popcorn. In her newest offbeat book "Dictionary of the Future" authored with Adam Hanft, they cleverly coin terms that are designed to express what the world is about to become. While the book is a bit far out, the underlying truths are insightful.
Karl Albrecht in his book "Corporate Radar: Tracking the Forces That Are S
Do you know what the best way is, to follow up with a lead or a referral?Before answering the question, let's start with a distinction, because leads and referrals are two different things.A "referral" is someone who has found out about you and your business through a friend or associate (from someone they trust). The referrer typically knows you and/or has first-hand knowledge of your products or services, and enthusiastically tells others about you because they like (or love!) what you have
There are many sources of information about future trends. As you read and listen to the people around you, you will find a lot to think about.
In "The Strategic Human Resource Leader" William Rothwell, Robert Prescott and Maria Taylor, talk about six key trends shaping the future: changing technology, increasing globalization, continuing cost containment, increasing speed to market, the growing importance of knowledge capital and the magnitude of change will shape our future.
It is always fun to read Faith Popcorn. In her newest offbeat book "Dictionary of the Future" authored with Adam Hanft, they cleverly coin terms that are designed to express what the world is about to become. While the book is a bit far out, the underlying truths are insightful.
Karl Albrecht in his book "Corporate Radar: Tracking the Forces That Are S
Autologica presents the sixth and final part in a series of articles that address some of the common problems and situations that arise in family-owned businesses. The articles are based on an interview between Al McClymont, CEO of Autologica Dealer Management Systems, and J.C. Aimetta, an expert and coach who specializes in family-owned businesses and who has ample experience consulting for this type of company.Al McClymont: I have one last question that I am sure you hear many times, and I also imagine that
It is always fun to read Faith Popcorn. In her newest offbeat book "Dictionary of the Future" authored with Adam Hanft, they cleverly coin terms that are designed to express what the world is about to become. While the book is a bit far out, the underlying truths are insightful.
Karl Albrecht in his book "Corporate Radar: Tracking the Forces That Are Shaping Your Business" has developed a formal system for collecting the strategic data that he believes everyone in business should examine. Four of the eight categories he details in the book are:
The customer environment-demographic and psychographics about current and potential customers (wants, needs, habits, values) The competitor environment - motives, strengths, weaknesses, current and potential behaviors of those who compete for your customer's resources The social environment- cultural patterns, values, beliefs, trends, styles, preferences, heroes and villains that form the reference for people's behaviors The geophysical environment-the physical surroundings of the business, resources, population, susceptibility to natural disasters, crime, etc. Fast Forward
Historic trends in fashion and social acceptability have had a dramatic influence on the garment and tobacco industry. Look at your business and start thinking about the future trends. Think about the following questions:
What will our industry be like in 3-5 years? - What will our customer's industry be like in 3-5 years? What potential opportunities and risks are inherent in these trends? How can these changes influence the products or services I offer? If you are prepared, you can outdistance your competitors by addressing customer requirements faster than they will. Start to align with the future by determining where there are gaps between the current skills, focus and activities in your business with future trends.
" My interest is in the future because I will be spending the rest of my life there." Charles Kettering
"Charles F. Kettering was a "screwdriver and pliers" inventor who, even today, continues to
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