Tips for Managing a New Team
Whether it be from a merger or a promotion, there are several ways in which you might find yourself managing a new team of people. Whatever the reason, gaining the trust of a new team of people is a challenging prospect for many. Thankfully, you are not the first...
Best Ways to Improve Day-to-Day Business Operations
No matter how great your product or service is or how strong your business plan is, you still run the risk of failing in business if your day-to-day operations are not as efficient as possible. Even one mistake can snowball into a disaster if you’re not careful, but...
How to Shift Company Culture at a Newly Acquired Business
Buying and merging with a company is one of the top ways to grow your business, but it’s also very tricky. One of the most significant issues with merging is consolidating the company culture between the two teams. Even if leadership is happy with the merger, the team...
What to Look For When Hiring a New Team
Know the capabilities and competencies required It is surprisingly rare for companies hiring new teams to do detailed work to thoroughly assess exactly what they want a new team to do and therefore exactly what competencies are being sought. This can be hard to...
How to Lead Your Team Through an Acquisition
An acquisition or merger can be hugely powerful in driving a business's success but when they go wrong they can destroy huge amounts of value. Appropriate, intelligent and sensitive leadership of the people impacted by the transaction is perhaps the most critical...
How to Retain Employees During an Acquisition
Acquisitions present unsettling times for all involved in the corporate structure of a company. Anxiety always rises when something new and potentially threatening shows up. If employees start to feel like their jobs are at risk or their position within the company...
3 Strategies to Optimize Business Operations
For a business to survive in any market, it must maintain an advantage over its competitors. The most effective method to achieve and maintain a sustainable advantage is often the most overlooked method. Optimizing business operations can play a pivotal role in edging...
What Total Quality Management (TQM) Is All About
A Short History and Introduction to Total Quality Management (TQM) Total quality management was developed by an American statistician and management consultant named William Deming. The idea behind TQM was that there should be a focus of product and service...
Tips to Make Managing Less Stressful
The responsibility of effectively managing a business can be quite stressful. Managers often face huge tasks which require much concentration and input to successfully turn a business around. In most cases, such managers experience stressful times as they try to...
How to Delegate as a Manager
Since there is always too much for a manager to do in a successful business, it is necessary to delegate tasks to members of their staff. How does a manager choose which people to delegate important jobs to? Be Objective It is inevitable that the manager will...