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Many businesses are seeing the advantage in undertaking expansions into global markets. But for businesses that have traditionally only operated domestically, making the transition to access global markets can present a number of challenges. These commonly include, but are no means limited to cultural differences, local tax laws, human resources, and payroll.
If you’ve made it to this article, you already understand that strategic planning is an important part of running a successful organization. Whether you are new to leading strategy, or have led and implemented a strategic plan, strategy reviews can be daunting. Our process of Aligned Strategy Development was created to serve as a framework for any organization updating or creating their strategic plan.
In a survey by OGO, 82% of Americans do not feel recognized for their contributions. Moreover, companies without an employee recognition program report a mean turnover rate 23.4% higher than companies with recognition, according to SHRM’s Globoforce Employee Recognition survey. Many companies struggle with managing their people and culture, but invest very little in the rewards and recognition needed to build it. This blog will highlight key aspects of a successful employee recognition program, and how it can improve engagement, culture, employee retention and ultimately profitability.
If you think that strategic planning is tedious, uncertain, and difficult, you certainly aren't the first ones to tell us so. This white paper compiles a list of the 7 most common objections we hear to strategic planning, and uses research and facts to give an objective view on the modern movements and trends in strategy. The aim of this white paper is to show that strategy consultants understand the problems with traditional strategic planning, and that strategy is moving towards mitigating these key concerns.
Businesses are quick to reward strong financial performance, but often fail to make the same investments in human capital. As a strategy analyst, I’ve found that while strategy should be backed by strong financials, it is even more heavily driven by the people.