As a business leader, how often has a consultant pitched you their silver-bullet solution, promising to dramatically increase your organization’s productivity and profitability? Probably more than you would like. With so many options, it’s no wonder the right pathway may be unclear! However, one proven pathway to increase productivity and profitability is digital transformation, also
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We’re in the middle of a major shift in the workforce. The pandemic caused a massive change from shared office space to remote work. As people spent time at home—and as they faced a multitude of intense stressors and even direct loss—they reevaluated what’s important when it comes to their careers. Because of this, we’ve
For decades, business leaders have sought to break unproductive habits within organizations that hinder productivity and innovation. This gave rise to the field of business transformation, which has seen countless transformations of its own. While a number of methodologies and strategies exist to provide a framework for business transformation, there are two that our own
Human resources professionals have been hit hard by the pandemic. When you think of all the massive disruptions and transformative changes that have impacted the workforce in the past two years, almost all of them have been directly managed by and touched upon the work of the HR team. Whether it was managing layoffs and
Supply chain bottlenecks will likely persist for the foreseeable future. By using these three tips, you can better navigate the current crisis and guide your company toward calmer waters. The global supply chain crisis will continue into 2022, according to Federal Reserve Chairman Jerome Powell. Although this crisis seems to be a new development, supply chain
Sport usually brings people, cultures, and businesses together from all walks of life. Ironically, at the heart of the global sports industry, Diversity, Equity, and Inclusion (DEI) are often neglected by organisations who treat them as little more than keywords as part of compulsory corporate training. However, when you understand the value of DEI, and
The COVID-19 pandemic has forever changed how companies around the globe operate their businesses. As a result, many large and small organizations are working to find a balance somewhere between in-office and at-home models, known as hybrid models. Meetings are a key component of the workday, yet hybrid meetings have not proven to be the
The Great Resignation seems to be getting worse. The quit rate in November was 3.4%, compared to 2.7% in November 2020, and well above September’s all-time highs. Unfilled job openings remain at unprecedented levels according to NFIB’s monthly jobs report. Big retailers are responding by pulling out all the stops; one recent example is Target’s rollout
Business inefficiencies exist in almost every market, wasting resources and, more importantly, missed revenue opportunities. With over 32.5 million small businesses in the United States, business owners don’t have time to waste and must look for ways to reduce credit risk while increasing revenues to achieve overall business success. However, due to its tedious nature,
U.S. companies spend roughly $8 billion a year on DEI initiatives and have little to show for it. Here’s the bottom line: Your business systems and climate reflect the people you’ve already hired. So if you want to replicate that workforce in the future, keep doing what you’re doing. But if you really want to
In a world where we can get almost everything we need with a few taps on our smartphones, people believe that hard work has become overrated. You’ve probably heard that you should work smarter, not harder. But is this true? Is it even good advice? Back in the ‘90s, when I grew up, I knew all of
Recent debates surrounding President Biden’s plan for government spending on infrastructure has refocused attention on public debt, but the sleeping and dangerous debt giant is really private debt. American households were drowning in debt before the COVID-19 crisis, and now they’re deluged by it. Household debt today totals $17.5 trillion, up 320 percent in relation
Purpose gets a bad rap in the leadership space. Purpose-driven leaders are labeled as woo or misguided even. But purpose, in its bigger context, is simply about meaning, and right now, purpose is having a moment. For almost two years, leaders have adjusted, shifted, pivoted, repositioned, and even abandoned offerings in the wake of a
It’s often said that “people don’t leave companies, they leave managers.” So if you’re seeing significant turnover in a team—or among your direct reports—then the source of the issue probably sits not with the team, but with you, the leader. I have found that if you want to build engagement that lasts, you need to
I’m excited about the future of energy. Granted, unknowns abound, and ambiguity persists. It’s also fair to say the energy sector faces greater complexity than at any other time in recent memory. Even so, there’s a new year just around the corner, and I’m optimistic about what that means for energy in Canada, and businesses
All companies are looking for ways to innovate in order to grow profits and marketshare, and competition is as fierce as it’s ever been. Some will grow faster than others—and most of those will have, as part of their secret sauce, diverse teams. That means bringing in employees of different genders and racial backgrounds, certainly,
The manufacturing industry is facing digital disruption on numerous fronts – and this is driving digital transformation. Increasing competition and changing demands means the pressure is on organizations to reduce costs, improve customer experience and increase profitability. All of this means that organizations must rethink how products are designed, manufactured and sold. As digitalization, automation
Popular discussions surrounding “the rise of the robots” often manifest as hyperbolic sci-fi posturing, though it is unlikely that the Terminator prophecy will come to fruition any time soon. But that does not mean “robots” (or at least digitally automated processes) are not rising in our world. In fact, according to an August 2020 Deloitte/IMA
In my 25+ years of enabling business leaders to lead successful and sustainable change, I have determined that extraordinary leaders possess three core, critical skills: The ability to deliver results The ability to influence, motivate and empower people (Emotional Intelligence) The ability to build extraordinary leadership teams Poor leaders possess none of these skills. Extraordinary
Having a great boss should be a desirable feature of an organization’s leadership culture. Yet despite earnest attempts in training and development, we have a long way to go. Gallup reports that one in two U.S. adults have left their job to get away from their manager and improve their overall life at some point
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