Economic volatility is a fact of life – and an omnipresent one for business leaders and managers. With forces like globalization, shifting regulations, evolving tariff and tax laws, surges in supply and demand and technological disruption routinely upending the conventional wisdom that guides many business owners, the reality of economic instability means that all new entrepreneurs are assuming a significant risk by stepping into the fray. The key factor that separates economic volatility from some of the other risk factors that businesses face is that economic volatility takes place on a significantly larger scale and involves drivers that the individual […]

Today’s human resources managers are integral to the overall business strategy of the company they work for. The recruitment, hiring, training and retention of human capital can have a profound effect on business success. Below are three ways human resources managers can help shape, lead, and protect the present and future of a company. Understand Business Objectives. Human resources managers need to fully understand business goals to plan effectively for the present and future needs of a company. “The executive team should be sharing very specific information with HR such as what resources, capabilities, and skill sets will be needed to […]

Supply chain management (SCM) is a constantly evolving landscape. New/shifting influences, technologies, and priorities continuously push those involved in supply chain logistics to reshape and adapt. What are some of the forces shaping the new age of supply chain management? Sustainability Sustainable logistics within supply chains are poised to go from “nice to have” to “required to have,” as the world’s population continues to expand rapidly, intensifying the burden on resources. As the social and political focus on corporate environmental responsibility continues to grow, so does the overall understanding of a product’s total environmental impact. Previous focus “has been on […]

In an age where consumers can do almost anything from the smartphones in their back pockets, marketing campaigns are quickly becoming concentrated on mobile platforms. Companies that can quickly adapt to the evolving consumer expectations will push ahead of competitors and be viewed as leaders, while those who can’t or won’t keep up risk losing their share of the market. With the demand for mobile-centric campaigns at the forefront of marketing in 2016, “Location” and “Relationship” will be industry buzzwords that cannot be ignored. Location Based Marketing (LBM) The location based data delivered by consumers’ smartphones and wearable devices provides […]

The leaders shaping the business of health care today and in the future need much more than an understanding of industry practices and principals. Constantly changing forces including technology, rising population, government policy, and evolving consumer demand require administrators that are able to make skilled business decisions. Leaders with an MBA are uniquely qualified for these roles, possessing the business skills needed to thrive in the constantly shifting landscape of the health care field. Here is an overview of 3 valuable business skills changing health care now. 1. Communication Communication within health care administration has moved away from face-to-face meetings/interactions, […]

Advances in technology and the ubiquity of smartphones have made it easier to connect with anyone at anytime. These technologies have allowed for incredible strides in the education and business spaces, enabling more people across the world to access what they need to be more successful, like MBA programs online. It has also made working more convenient and efficient, but it also comes with an increased risk of breaching professional etiquette. As communication becomes more quick and casual, being mindful of the rules of basic professional etiquette will help reinforce a positive perception of yourself in the workplace. Business Insider […]