The term VUCA stands for Volatility, Uncertainty, Complexity and Ambiguity and was first coined in the early 1990s. It was initially introduced by Herbert F. Barber as a concept for strategic business management, but it also reflects the problems currently facing...
In the current challenging trading environment, many firms are asking more and more of their team. As such, having an effective reward strategy has never been more important. COVID-19 has tested every business and challenged all of us to come up with new ways...
The cost of running a business goes up every year, but when was the last time you increased your prices? Many business owners and managers worry that if they were to increase prices, they would lose customers. However, a customer will often be willing to pay a higher...
In order to create an effective pricing strategy for your products or services, you need to understand your customer’s perceived value of your offering. Value is a complex issue. Different customers perceive the value of a product or service on factors varying from...
Your firm might have the best business strategy but if the management team doesn’t execute that strategy properly, it could fail. While execution can go wrong for a variety of reasons, one of the most basic mistakes may be failing to allow the strategy to evolve over...
