Category: Best Practices

How Companies Can Turn Higher Interest Rates Into Profits 0

How Companies Can Turn Higher Interest Rates Into Profits

In recent days, U.S. markets have been on a roller coaster ride as rising interest rates have rattled investors. However, even though rising interest rates make it more expensive to borrow money and often...

How Hiring a Consultant Can Alienate Your Team and How to Avoid It 0

How Hiring a Consultant Can Alienate Your Team and How to Avoid It

Hiring independent consultants is a great way to meet short-term business talent needs, but it can also alienate your current team members if you don’t approach it properly. When you hire an independent consultant...

A Crucial Lesson in How to Avoid Company Failure 0

A Crucial Lesson in How to Avoid Company Failure

A few months ago, Kevin Gibbon, the CEO of Shyp, stared at a blank computer screen for over 10 minutes. He was struggling to type a sentence he’d been dreading and had tried to...

Strategic Advice: Balancing Worker Self-Interest with Profit Motives 0

Strategic Advice: Balancing Worker Self-Interest with Profit Motives

Sometimes business goals and incentives have the best of intentions, but they can work against profitability and organizational success. A case in point is a recent study at the Yale School of Management, which...

Achieving a Successful Company Reorganization 0

Achieving a Successful Company Reorganization

It might seem surprising, but analysis by McKinsey senior partners Scott Keller and Mary Meaney suggests that companies revamp their organizations more often than they overhaul their websites or upgrade their computer systems. In...

5 Myths to Avoid in Working with Independent Consultants 0

5 Myths to Avoid in Working with Independent Consultants

Companies are increasingly hiring independent consultants and freelancers to handle special projects and provide expertise they don’t have on their current teams. But many still hesitate to hire or expand their hiring due to...

How to Create Company Value with Fit-for-Purpose Talent 0

How to Create Company Value with Fit-for-Purpose Talent

Bain & Company’s recent 2018 Private Equity Report highlighted a crucial imperative for PE funds looking to create portfolio company value. As they face heavy competition, high asset prices and the threat of an...

Brainwriting: The Better Alternative to Group Brainstorming 0

Brainwriting: The Better Alternative to Group Brainstorming

Team brainstorming is a common way to develop new ideas and strategies, but research has shown it suffers from a major problem. Group interactions, like brainstorming, are less effective than people realize. They can...

Common Mistakes to Avoid When Working with Freelancers 0

Common Mistakes to Avoid When Working with Freelancers

Corporations, startups and investment firms are increasingly using freelancers and independent consultants to fill talent gaps and add expertise to their existing teams. When executed properly, this works well for both parties. Independent workers...

An Easy First Step Toward Better Business Adaptability 0

An Easy First Step Toward Better Business Adaptability

Disruptive new technologies and business models have been impacting many industries for over a decade, but the key to ensuring competitiveness through these and other changes is adaptability. Business adaptability is the ability to...