Corporate governance is the manner of boards in setting a direction for corporates by coming up with certain rules and standards to be followed by board members, employees, and leaders.
Business Performance Blog
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We have all heard that "the best way to predict the future is to create it." Though it is not easy to see the future clearly but being ready and studying the risk by scenario planning seem the only way.
In business sometimes we use both of the above functions - digital transformation and digital optimization, as the same but as a result, they are far different from each other.
Trust us, if we knew the exact behavior of consumers in each segment and market, the amount of our profit would go to sky with no limitation. This means that we cannot predict things exactly, but by knowing what influences and shapes the behavior of our customers, we can get closer to their preferences and their needs.
Many people call data and information The gold. Google, Amazon, Microsoft, Apple and all other leaders in the high-tech industry are searching for data to improve their business. This is not limited to the mentioned companies and industries. Traditional and lower-level organizations are also trying to get data and analyze data.
Entrepreneurs are the ones who can start a company on their own and develop it to the level of profitability. These people are full of ideas, passion, and responsibility.
There are many ideas about flat organizations and the advantages specifically for Y and Z generations. Let's focus on some questions regarding this issue:
We all would love to increase the number of customers and to expand our market. It is everyone's dream, no doubt!
World's leading brand consultancy set up a list of top 100 brands for year 2019. To be included in this list, a company must be global, profitable, visible, and transparent with financial results.
Major American financial and business news website recently got to see an internal list of leadership principles of Microsoft CEO Satya Nadella.
New research from Workforce institute conducted in 12 countries around the globe proved that Generation Z wouldn't like to be part of so called gig economy that much. Instead of freelancing GenZers prefer full time job and stability with flexibility and work-life balance. Current companies have to start considering these issues otherwise they may...
Based on CNN report from January 9th, 2020, only in the US, 1,640 CEOs left their positions in 2019. Among them, we can find huge corporations such as Boeing, McDonald's or Nike. Reasons are different from company to company but there are some unforgettable lessons to learn and to plan for us.
In every business getting the feedback is important. We get feedback from our consumers to know:
In our current business atmosphere, all competitors are trying to keep their current customers and to get more by using different techniques.
Strategies are not set up to be filed in drawers. We would like to implement them but we need to make it easier, more wanted and acceptable to people.
Tesla just announced that all cars produced on or after July 1, 2018 can use their premium connectivity service, containing navigation, live traffic visualization, satellite-view maps and many more, creating extra monthly income as high as almost 3.000.000 USD for only 9.99 a month subscription.
Experienced leaders call strategy execution a combination of knowledge, skills, art, and leadership. It is true with no doubt. When we would like to execute our strategy, we need to start and learn during the execution. Consultants can help us a lot but they only show the direction and facilitate the action. The final decision in...
Tesla co-founder and CEO Elon Musk has some innovative ideas about internal meetings. He limits them to max 6 people and advises to his employees to walk out of a meeting or drop off a call as soon as it is obvious they aren't adding any value to that particular topic.
Earlier last year we published an article on 6 tips to be a great storyteller of your scorecards but it seems that storytelling is used more and more in all aspects of business due to its effectiveness. Let's have a look into the reasons:
WHY should we reinvent our business?
That is one of the saddest stories in the world of strategic management since higher management has good control over it but many times they don't consider it a very serious issue!
Once upon a time, there was an employee with huge ideas, full of energy, a game-changer in her/his small world. If the boss requested for a short report, he/she brought two reports with two different interpretations. If they asked him to get the result in 4 days, the result was there in 2 days.
If this is your first time to start a digital transformation project or if you failed before, let's go through the following steps together.
What is the biggest success factor for business performance?
Sometimes there is a need to make the company smaller and downsizing is unavoidable. To turn it to a success and not to hurt the business brand internally and externally is a big challenge, but you can get there by avoiding these mistakes:
Knowing your competitors is a basic business lesson. Constant comparison and benchmarking with our professional challenger is great for developing the industry, learning new things and serving our customers better.
Whenever corporations join their forces together, they bring bigger values and better business positions. No doubt!