Management
Management
The Top 5 Project Roles in Project Management
Every project needs a team to be successful and there are many different project roles and responsibilities that need to be defined in a project. In this blog post, we will discuss the top 5 project team roles and their responsibilities. These roles include the project sponsor, project manager, project team, project steering committee, and project stakeholders.
Real world resilience and why Shady Elhami says it matters in business
There is nothing like a pandemic to test the mettle of individuals and the corporate world. Suddenly the word “resilience” became commonly used. There are now Tedx Talks about it, psychologists study it, and there is an abundance of articles from the likes of Forbes, Harvard and MIT. Powerhouse people have the concept at the forefront of their thoughts – and for good reason. Resilience holds a lot of weight. What if Nikola Tesla and Thomas Edison quit after their first experiments with electricity failed? What would the world be like if the people who helped shape it through tireless effort had decided to quit after their first failure? “The power…
How Iceland is Closing the Gender Pay Gap
A law took effect in Iceland on January 1, 2018, mandating women and men receive equal pay for equal work in business concerns employing more than 25 people. Of course, Iceland has long been recognized as a world leader in gender equality. Women must hold nearly half the Icelandic corporate board seats by law. Moreover, women hold some 41.5 percent of the island nation’s managerial positions. So, how is Iceland closing the gender wage gap? Let’s take a look. Society More Gender Equal Women have long held positions of power in Icelandic government. Its first democratically elected female president, Vigdís Finnbogadóttir, inaugurated in August of 1980, was also the first…
How Do You Hire an Economic Consultant
Economic consultants can assist in a wide range of capacities, often being called upon as experts in complex litigation matters, although economic consulting goes far beyond this type of support. It can be extremely beneficial for bringing key insight into complex economic and financial situations via critical analysis and research services, helping businesses come up with the best strategies for successes or weathering a storm during a challenging economic climate. The question is, how do you go about hiring an economic consultant with the expertise your company needs? Define Your Goals Before searching for a consultant, you need to understand your goals, defining them based on what you hope to…
4 Investments That Could Make or Break Your New Business
Starting a new business is never easy. Getting a new company off the ground in 2020, though, is likely much more difficult than doing so during any other year. Yet, the truth is that thousands of intrepid entrepreneurs are in the process of setting up new businesses right now. With that in mind, today we’ll review the four most important investments new business leaders will make in their first few months. Check them out here so you can learn how to ensure your organization hits the ground running: Staff It’s hard to overstate just how important your employees are to the success of your company. At the beginning of any…
Common Mistakes that You Should Avoid When Starting Your Own Business
Starting your own business is a big step in everyone’s life. The idea of being your own boss is very appealing to most people, which is why sometimes they rush into the process of starting a company. It is very important that you get it right from the start just to avoid unnecessary costs in the future and to make sure your idea succeeds. The astonishing fact conserving small businesses is that 20% fail within their first year, and 50% fail in their fifth year. However, this should not discourage you from your idea if you simply follow some of the necessary guidelines and avoid mistakes along the process. 1.…
How to Bring Your Office up to Date
If you want to start the new year off right, you could think about bringing your office up to date. A well-designed workplace is a valuable asset which will impress employees and clients alike. However, before you undertake this project, there are a few key things that you should keep in mind. Northern Powergird, who can help you connect or disconnect electric supplies, have put together this step by step guide to bringing your office up to date. Plan out the project Before you get started, you should have a set plan in place. It’s crucial that you have proper and smart planning for the early stages of your renovation…
Why Startups Fail: 5 Mistakes to Avoid
There are many stories of startups making a success and experiencing a meteoric rise – especially nowadays in what is very much an entrepreneurial environment where many people are inspired to start their own enterprise. The sober truth is that many more startups fail than succeed, especially in specialized arenas such as tech. At a time where the barriers to entry can be relatively low – with the ability to effectively create a professional presence online and the availability of scalable tech such as modern POS (Point of Sale) systems to enable accurate stock tracking and data capture – the mortality rate is still high amongst startups. What mistakes can…
Is Paperless Technology the Future of Retail?
Paperless technology will completely transform office spaces in 2020. Not only are paperless solutions environmentally friendly, they’re also extremely cost-effective. Switching to a digital solution makes sense when you consider that businesses spend over $8 million per year on paper. Maplewave, a retail inventory management software company, explore the benefits of paperless and how it can benefit retail companies across a range of different sectors. Why go paperless? Turning paperless is a big decision for any business to make, and 3% of them have already eradicated its use in every process which has allowed them to witness incredible results across their organisation. With paperless only recently becoming a viable option…
How Businesses Have Been Focusing on Mental Health
Looking after the mental health of employees should be a top priority for business owners. The average 9 to 5 Monday to Friday worker spends more than 25% of their lives at work, so it’s imperative that their mental health is looked after. Talking about mental health issues isn’t always easy, however. Although an increasing amount of people have been opening up about their mental health when compared to previous decades, we still have far to go; employees are often afraid to speak out about their issues due to the potential stigma that still surrounds mental health. 1. Communication It’s easy to get caught up in the tech bubble if…
