Business Risk

The #CovidPivot: How small businesses are creating disruptions in response to the global pandemic

The #CovidPivot: How small businesses are creating disruptions in response to the global pandemic

While the global pandemic has disrupted economies and industries around the world, many small businesses are fighting back by pivoting and creating disruptions in their own market. What emerges are inspirational and admirable examples of how businesses can respond to challenges that are outside of their control. In this video, I talk about three small …

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The myth of growing rapidly too fast growth leads to productivity losses and high employee turnover

The myth of growing rapidly too fast growth leads to productivity losses and high employee turnover

In this video, I discuss the myth that when businesses grow faster than usual, employees tend to get overworked, which leads them to either leave the company or to experience productivity declines. Today, I will bust that myth and discuss plausible explanations of why this happens and how your business can prevent these from happening. …

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bunnings lesson

The Bunnings Lesson – What we can learn from it

Bunnings is a popular Do-It-Yourself (DIY) hardware store brand that is beloved for its tools and do-it-yourself solutions. However, a recent business decision made by this company resulted in a loss of over $1 billion. In this video, I discuss what this mistake is all about, what we can learn from it, and how this …

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Why Employees Leave: How can businesses maintain low employee turnover?

Why Employees Leave (Part 1 of 3): What causes high employee turnover?

Why do people leave the organisations they work for? Is it because of the pay? The perks? Or the lack thereof? In this three-part series, I will explore with you the common factors that cause employee turnover, the strategies you can use to counter these factors, and, finally, focus on how to deal with a …

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Innovation to keep your business relevant

Using innovation to keep your business relevant

Great Business Series // Moleskine on staying relevant When your business is under threat and new technology provides an alternative to your core product, what do you do to survive, stay relevant, and still manage to grow? What is Moleskine? Moleskine is a French-designed notebook with a legendary pedigree, known to have been used by …

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How To Get Ahead Of The Competition

3 Things That Can Impede the Growth of Your Business

Have you ever wondered why some businesses grow exponentially, and why some businesses fail to grow at all? Based on my experiencing working with businesses, I find that there are three general reasons that impede the growth of a business. Reason #1: The mindset of a business owner. There is a difference between an entrepreneurial …

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What to do when your business depends on that one thing

What to do when your business depends on that one thing

In 2014, Nest Labs, a company that produces smart learning thermostat systems, was bought by Google. Nest Labs’ competitor was Vivint, which produces similar systems. When Google was bought by Nest, it became apparent to Vivint that it would not only be competing with Nest, but also with Google. This posed a problem for Vivint. …

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