Turbo-charge your career and help plan for future progression and success Career planning needs careful consideration and it may help to create a personal profile highlighting relevant skills, experience, strengths and weaknesses. These can be matched with aspirations and likely challenges – both now and in the future. Overview Career and personal development planning enables …
An integrated approach to leadership Head, hearts and guts is a shorthand way of saying that leaders and managers need to use three different styles of leadership if they are to be successful. Overview To succeed across a range of responsibilities – from making decisions and setting strategy to handling relationships, motivating others and resolving …
Using emotional intelligence to increase influence, fulfilment and success Emotional intelligence (El) is taking information from your own emotions and the emotions of others and then applying that knowledge in order to be more successful. One of its key strengths is enabling us to sense and use emotions in order to manage situations better, improve …
How effective are you? In his book The Seven Habits of Highly Effective People, writer Stephen Covey outlines the following set of activities and attitudes that promotes good leadership skills. 1. Be proactive This involves self-determination and the power to decide the best response to a situation, so you can control your environment rather than …
How businesses come through tough times stronger than before What are the practical steps a business should take when faced with intensifying competition or a market downturn? There is no magic formula, just seven areas where practical action will help ensure continued success. 1. Develop the right strategy A strategy has three elements: development, implementation …
The way things are priced Elasticity determines how flexible prices are. If a product is highly elastic, a company will find it difficult to increase the price because customers can go elsewhere, either to competitors or to purchasing entirely different goods. If it is inelastic, sales are less dependent on price – perhaps there are …
Increasing your profit margins High costs hit profits, and one vital way of reducing costs is to develop economies of scale where the cost of producing individual units falls as the volume of production increases. Overview Given that fixed costs need to be divided between the total number of units produced, the more units produced …
DISCOUNTED CASH-FLOW ANALYSIS Understanding the time value of money We all know that cars depreciate in value from the moment we drive away from the sales forecourt, and that the money cannot be spent on anything else. Essentially, discounted cash flow is no different. Money has a value – one that changes through time. Inflation …
Managing Costs and preparing for the future. The future arrives quickly and in ways that continually surprise: only those ready to adapt will survive and prosper. Companies need to create the processes that enable them to adapt easily, quickly and effectively to changes and opportunities without harming other parts of the company. A company’s processes …
The Six Levels of Strategic Agility and Cost Control Read More »
Consistently increasing the value of a business for shareholders Shareholder value analysis sees the worth of a company as the long-term value it creates for shareholders. Originally proposed by Alfred Rappaport, it can be applied to the whole company, a business unit or specific project and is used to determine a company’s direction and to …
