In every industry and business, there’s a changing pace towards a more modern, collaborative way of working. To generate and encourage innovation, organisations have to retain and develop their internal talents. This leads to the traditional hierarchical management style being slowly replaced by a more collaborative approach that unites the workforce with the purpose to achieve one mutual goal.
Topics: Talent Management
Organisations nowadays have to keep themselves afloat with the ever-changing pace of the business world. The shifting movement is going towards a more collaborating, innovating and team-based way of operating. As a result, top leaders need to take a more open approach in the workplace in which each and every member of the team engages and contributes to the overall success.
The hospitality sector serves millions of customers every day. Each of them checks in and out with his or her own expectation. Some only need to have a room to stay during a business trip but some other customers also demand other services and spend thousands of dollars on restaurants, dining, entertainment, sports, and spa treatments.
Not many organisations are equipped with a detailed leadership development plan to help nourish their internal pool of talents. According to Hubspot 2018 Marketing Agency Growth Report, nearly 70% of agencies struggle with finding the right talent for their currently vacant positions. Yet, they still proceed to hire more people. Meanwhile, 53% plan to invest in employee training and only 25% plan to retain their staff.
The growing complexity of today’s business has forced many companies to rethink the traditional roles of C-level executives. In some cases, the roles of the CFO and the COO are combined. What are the implications of this phenomenon?
In today's economy, change is inevitable for all enterprises. And it often happens at a very rapid pace. Because change has become an everyday part of enterprise dynamics, employees who resist change can actually cripple an enterprise.
In the previous blog post, we have discussed the fundamentals of a 360-degree feedback process including several instances where the system fails.
In a world of constant change, the importance of leadership in business success is among a few things that will always hold true. What may evolve, however, are how effective leadership is defined and which competencies of leaders and managers matter the most.
Speaking of CFOs, most people would only think of Finance specialists/ officers. However, top CFOs nowadays must go beyond their traditional roles and immerse themselves in the digital world. Technology is getting embedded deeper and deeper in every aspect of business operations, from the manufacturing stage to the financial side of any projects.
When does your organisation review your performance? At the end of the year or more often than that? If your answer is the second choice, you’re in the right hand. The feedback process is vital to any organisation as it is the element that sparks innovation and improvement.