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Navigating a Downturn: Strategies for Business Resilience

Tom Spencer

Although it is fairly common for a successful business to generate 80% of its profits from 20% of its products, relying heavily on a small number of products, services, or markets exposes a business to significant risk. Diversify Revenue Streams One fundamental strategy for business resilience is to diversify revenue streams.

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Inflation: Understanding its Impact on the Economy

Tom Spencer

Since 2008, the rate of inflation in the U.S. For example, a dozen eggs cost around $1.00 For example, the Federal Reserve aims to achieve 2% inflation as an ideal benchmark to avoid its counterpart, deflation. remained stable, at or below the Fed’s 2% target. in January 1990 compared with more than $5.00

Policies 147
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Main Risks of Aerospace Engineering Projects: How to Implement Wise Risk Management into Your Organization

Epicflow

For example, welding can be dangerous for workers; assembling an air- or a spacecraft involves moving large-scale parts from one facility to another, working on the top of an air-/spacecraft, which increases chances for accidents and/or employees’ injuries. . Chances of accidents. Volatility in the geopolitical and economic environment. .

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Winning Isn’t Everything: The Art of Playing Well

Tom Spencer

Companies that operate with integrity are more likely to build sustainable business models, which ultimately benefit the company, its employees, society, and the environment. One example of Buffett’s approach is his investment in Coca-Cola. However, many of the mortgages had been issued to people who could not afford them.

Ethics 78
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Transformational Leadership: Changing Culture to Fuel Financial Success

Organizational Talent Consulting

For example, a hierarchical corporate culture type is proven to decrease an organization's ability to innovate (Cameron & Quinn, 2011). Examples include what is displayed, office layouts, uniforms, identification badges, and discussed and not discussed. Examples include a company's vision and values or mission statement.

Culture 52
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A framework for understanding technology companies

Tom Spencer

The technology industry is booming: in 2008, Microsoft was the only tech firm ranked in the world’s top 10 public companies by market capitalisation. Uber and Airbnb are the best examples of platforms: they catalyse transactions that wouldn’t have occurred otherwise. Hardware and software sales – where a product is sold.

Company 68
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What's Servant Leadership?

Organizational Talent Consulting

Businesses need leaders able to take action amid economic uncertainty and operate effectively in a digital workplace with a diverse workforce. For example, consider two employees walking down a hall. Studies reveal that a servant leadership style improves employee productivity and creativity.