Successfully Implementing Strategy

After undergoing a responsible strategy formulation exercise, one that requires analysis and makes people think and get out of their comfort zone, one that establish an inspiring purpose and an ambitious goal, comes the difficult task of implementing. To successfully implement strategy, you need at least these three things: translation, communication and methodology. Translate yourContinue reading “Successfully Implementing Strategy”

Strategic Positiong

Many think, erroneously, that strategy means having a vision, mission and values or strategic statements. And, although strategy can, and should, include statements that clarify the north and purpose of an organization, I very frequently see “strategies” based on nice sounding phrases that clarify very little and tend to sound like what other companies publishContinue reading “Strategic Positiong”

How to Reduce Costs and Not Die Trying

Many organizations, globally, are going through a rough period due to covid. It directly affected revenues for thousands of companies. This implies additional pressure on managers to generate results and cost savings. Here is a list of 8 possible cost containment measures. Digitalization.  Technology’s potential to reduce costs is incredible. RPAs, chatbots, inventory robots, scanners,Continue reading “How to Reduce Costs and Not Die Trying”

How a Consultant Can Boost Your Business

By Amy Collett Even the most organized businesses can benefit from an outside perspective on occasion. Consultants in specialized areas can help your business operate more efficiently, better manage time and money, and even improve things like customer service and employee retention. What kind of consultant do you need? Some businesses only hire a consultantContinue reading “How a Consultant Can Boost Your Business”

How to Identify Growth Opportunities

Depending on the industry and the leadership of your company within that industry, the company may be going through accelerated growth, slow growth, or reduction. During the last year in Panama, we have seen how delivery and web entertainment companies have had exponential growth, while restaurants and movie theaters went into crisis. The Covid pandemicContinue reading “How to Identify Growth Opportunities”

6 Steps to Manage Change Effectively

Businesses are constantly changing. The nature of the changes varies. It depends on the economic scenario, competition, new executives, technology trends, inherent problems, inefficiency, growth or decrease in sales and new projects, among others. As a result, change initiatives emerge for structural changes, digital transformation, reengineering, process improvement, culture changes, etc. Not everyone knows howContinue reading “6 Steps to Manage Change Effectively”

Barriers to Growth

Many companies have been affected by the current economic crisis. For some, this was the end. For the rest, it’s possibly a good time to observe revenue behavior and think about recovery or growth. Aside from external factors, such as the economic crisis and covid, there are many internal factors that can impact the growthContinue reading “Barriers to Growth”

Marketing & Strategy

In times such as these, when things have changed drastically, some businesspeople may feel the urgency to do a creative and innovative marketing campaign to attract new clients. Others will see the need to review their whole strategy to prevail and adapt to new challenges in their competitive environment. New advertising with a twist onContinue reading “Marketing & Strategy”

Better Leaders, Better Results

I have seen different groups in different organizations and I always find different levels of productivity. At one end, there are remarkably high productivity teams that have managed to implement best practices, processes and systems, where objectives are clear, people are motivated and great results are achieved. At the other end, there are teams withContinue reading “Better Leaders, Better Results”

5 Keys to a Successful Reorg

The Covid crisis is still a huge weight on the economy. Many companies have been forced to restructure because of this crisis, simplifying their structure and reducing personnel. Several others have tried to stay afloat to avoid leaving the team hanging. But with a prolongated duration of the pandemic, it is very possible they willContinue reading “5 Keys to a Successful Reorg”