Business Process

We all have turning points in our lives, after which nothing is ever the same. When I was in my twenties, I stumbled across the subject of goals. Within thirty days my life had changed forever. Over the years, I studied goals and learned how important they were for both business and personal success. One of the discoveries that astonished me was finding that less than 3 percent of people at all levels of business and industry have clear, specific, written, time-bounded goals for their lives that they are working toward on a daily basis. As I began to implement...

Target sprang into action after CEO Brian Cornell revealed his vision about Target’s direction during its investor conference on March 3, 2015. He outlined a strategy that would emphasize the following going forward: Embracing omnichannel retailing. Concentrating on the signature categories. Tailoring assortments to local needs and tastes and personalizing the only shopping experience for Target guests. Focusing on urban store formats. Cutting costs. Cornell offered an explanation for his priorities in an article that appeared in MMR (Mass Market Retailers). His goal to accelerate top-line growth by driving traffic to existing stores had four parts: Elevate signature categories Enhance...

Executive Summary Too many leaders spend their days feeling frazzled and overwhelmed. Armed with five tried time management techniques, Brian Tracy proposes a more effective and fulfilling way to lead. Before you can begin simplifying your life, you must first decide what you value the most and organize your life around that. Guard your time fiercely, for it's your most precious resource. How you decide to spend your time will determine both your personal and professional success. Don’t be afraid to either outsource or let go of or the tasks and activities that demand your time and drain your energy....

Executive Summary When it comes to creating new products, it’s easy to get lost in a sea of possibilities. But which ideas are a good fit for your company? Isaac Sacolick answers this question as he examines what steps a company can take to identify the products that are worthy of development and the steps they’ll need to take next.   Having a clear process in place to both identify and execute the production of products that align with its objectives will enable a company to remain competitive and drive innovation forward. In order to productively move ideas from concept...

You’ve likely heard the expression, Put the genie back into the bottle. Here’s a twist on the idea given our current reality. In the coming weeks and months, it is highly likely that we will be emerging from the #COVID19 restrictions that are currently governing our daily movements. None of us knows for sure how things will unfold; however, I am confident in saying that we won’t be throwing a switch and going back to the way things used to be. In all likelihood, you will be faced with one or all of the following possibilities and put in a...

Executive Summary Recessions are a normal part of the business cycle, but getting out of them is still dependent on a variety of factors. There are a plethora of signs that present themselves at the beginning of an economic downtown, however, certain combinations create different types of recessions. Policies enacted by the government generally determine how a country recovers from a recession, and in the United States, we tend to rely on an austerity solution or stimulus spending. By monitoring the economic situation from all perspectives (business, consumer, government, and more), companies can better handle recessions. The United States is...

Executive Summary What can data do for your business? That’s the question Isaac Sacolick seeks to answer as he builds a new definition of digital transformation and explains how it can impact your company. In order to attain or maintain market leadership and circumvent disruptive competitors, a company must be willing to reimagine its business model, products, and vision. An IT department that’s using outdated technologies and doesn’t understand how to meet customer needs will likely be of little, if any, support when it comes to rolling out your digital agenda. Your first step to transforming your company’s digital future...