COMMON MISTAKES A LEADER SHOULD AVOID
Being a leader comes with a lost of responsibilities including handling workplace issues and setting a good example for your employees. A leader is often held up to high expectations, as the person in charge and managing an entire team of people can be very intimidating but no one is perfect and there’s always room for …. Read More
Why it is important to build a corporate identity?
The way a company, firm, or business venture displays itself to the public is known as its corporate identity. However, it can also encompass elements such as product design, advertising, public relations, etc. Maintaining and enhancing the corporate identity in order to support and facilitate the corporate business objectives is one of the fundamental purposes …. Read More
Steps to creating a crisis management strategy
Crisis management is a situation-based management strategy that incorporates distinct roles and duties as well as process-related organizational needs for the entire enterprise. The reaction must involve activity in the following areas: crisis assessment, crisis managing, and crisis termination. Being well-prepared for a crisis, ensuring a quick and adequate reaction, maintaining open lines of reporting …. Read More
Effective lead generation strategies to grow your business
Lead generation is the process of drawing potential clients to your company and piquing their interest through nurturing, all with the intention of turning them into paying clients. Job applications, blog posts, coupons, live events, and online material are some strategies for generating leads. Frameworks, technologies, and processes change constantly, as evidenced by the history …. Read More
The power of Empathy in Leadership
Empathy is the capacity to perceive another person’s thoughts and feelings in a circumstance from that person’s perspective as opposed to your own. As opposed to sympathy, where one feels influenced by another’s ideas and feelings, it is different. Three aspects of empathy—cognitive, emotional, and compassionate—have been identified by renowned psychologists Daniel Goleman and Paul …. Read More
Challenges encountered by leaders
It is impossible to overstate the role that effective leadership plays in the overall success of a business. Due to issues resulting from the leadership practices used in those companies, many have been unable to meet their objectives. Leaders always encounter internal and external challenges, regardless of their location, industry, or corporate culture. Oftentimes, their …. Read More
WHAT IS SOCIAL INTRAPRENEURSHIP?
The term “social intrapreneurship” describes how individuals who work for an organization can successfully adopt entrepreneurial mindsets. The phrase “intrapreneurship” first appeared in a white paper titled “Intra-Corporate Entrepreneurship” in 1978, written by Gifford and Elizabeth Pinchot for the Tarrytown School for Entrepreneurs. Who is a Social Intrapreneur? They are employees who develop initiatives that …. Read More
Is Your Business Profit Sustainable
Many business owners inadvertently focus on the profitability of their company in a moment and not Strategies to ensure that profits are sustainable over time. These are basically two conditions that define sustainability; The first is for companies that make and sell products, physical goods typically, while the second is for companies that provide services …. Read More
Difference Between A Business Plan And A Business Model
The business model is the mechanism through which the company generates its profit while the business plan is a document presenting the company’s strategy and expected financial performance for the years to come.As you can see, the business model is at the center of the business plan.For example, the business model for Microsoft was to …. Read More
Is There Current or Potential Demand For Your Product
One major phenomenon we experience as entrepreneurs starting and growing ventures is the problem of accurately forecasting demand. We see lots of people very excited about the possibilities of their businesses, usually very excited and highly motivated about it, which by the way is very great. I remember a particular client I saved a lot …. Read More