The art of critical thinking

Entrepreneurs need to make decisions, create strategies, plan projects and constantly face risks in order to manage day-to-day business challenges. In a global business environment, alertness and the right pace is the key to success. Critical thinking is the most important skill needed by entrepreneurs that can help them move ahead consistently and diligently. The fundamental aspect of critical thinking is a clear and rational thinking … Continue reading The art of critical thinking

5 key elements of an ideal business plan

Business plans are the most important starting points for any new venture or start-up. This document acts as a formal statement that defines your business goals and the plan to reach those goals. Ideally, it should also contain background information about the team that is attempting to reach those goals. A well written business plan also acts as a document that can persuade others, including … Continue reading 5 key elements of an ideal business plan

Do Business Goals Undergo Transitions?

Transitions are a must. Any organization which fails to change with the changing environment fails to succeed. Does this mean the Business goals are also changing. The TRUTH is, YES! Why should business goals change ? There are changes that keep happening in all major fronts, and the key factors which FORCE change are: 1. Customer needs keep changing – technological and trends changes. 2. … Continue reading Do Business Goals Undergo Transitions?

Top 5 online business directories of Canada

A professional online presence has become the most important elements of any business. Smart devices and location-based applications have brought customers closer to their local businesses. Over 15 million Canadians use their smart device to access information on local businesses every day. So it is crucial that local businesses take advantage of this opportunity of instant and effective online visibility via local search engines and … Continue reading Top 5 online business directories of Canada

Dilbert – comparing mission statements to broccoli soup

In the year 1989, Scott Adams, an MBA from the University of California, Berkeley, introduced “Dilbert” an American comic strip. The comic strip has become the most popular management and office humor character in history of corporate culture. The series came to international prominence through the downsizing period in 1990s. A former worker in various roles at big businesses, Scott Adams became a full-time cartoonist … Continue reading Dilbert – comparing mission statements to broccoli soup

Is your Corporation Socially Responsible?

In the past few years, great emphasis has been given to the concept of Corporate Social Responsibility, precisely defined in terms of the responsiveness of businesses to stakeholders’ legal, ethical, social, economical and environmental expectations. Over the last decade, there have been number of companies worldwide that have started promoting their business through Corporate Social Responsibility strategies because the customers and the investors expect them … Continue reading Is your Corporation Socially Responsible?

The Practice of Management By Objective

MBO – more popularly known as Management By Objective, is a term that was first coined by Peter Drucker in 1954 in his book The Practice of Management. The essence of MBO is to define clear objectives within an enterprise, that helps management and employees work towards a common goal. The process involves setting short term and long term goals, choosing a corrective course of … Continue reading The Practice of Management By Objective

The importance of a PMO (Project Management Office)

If your organization is into offering project management services then sooner or later you would need to setup a PMO (project management office) within your business. A PMO is a department, division or a group within an organization that defines, executes and maintains the standard process and procedures that are related to project management. Project Management is getting popular among many small businesses. In simple … Continue reading The importance of a PMO (Project Management Office)

Top 5 Tips That’ll Help Your Small Business Succeed

There’s no perfect way to make a business; there will always be an element of randomness involved. Sometimes one worker’s procrastination can bring production to a grinding halt, but on the other side of that coin, the grinding halt might lead to a decade of success. There’s no one-size-fits-all approach that will work for every business, but there are a few important tips that every … Continue reading Top 5 Tips That’ll Help Your Small Business Succeed