This is often a question asked by business owners and managers. Businesses ultimately want to maximize profit, but the reality is that many owners and managers make pricing decisions based on the need to covers costs, the profit margin they desire, and gut instinct. Although very valid factors to take into consideration, these ideas alone can get you into trouble. Using tools such as pilot programs and demand curve elasticity can help you properly forecast future revenue and develop a winning pricing strategy.
When considering changes to make to your work environment, there are 3 key objectives that you want to achieve. You want to make the space as functional as possible, to inspire creativity and collaboration, and promote wellness. Here are some ideas that help promote those goals.
We often times find ourselves blocked on a task. Although it is tempting to move on to the next task on your list, it is better to try to resolve the blocker first. As a leader in your organization, you can promote this concept in your team as a way to improve team efficiency, and improve delivery times and product quality.
If you are adding a digital team or expanding upon it, it is worthwhile to know the general evolution of the structural models that they teams tend to go through to see where your team is headed next.
Over the past decade, and more so in the past few years, trends in “Re-orgs” have emerged that should be taken note of. Use this list as a reference to take proactive measures to guide your company in the right direction before they guide you out the door.
Budget cuts and “Re-Orgs.” It happens at all companies. No one is immune. So the best thing to do is to prepare not for the “if,” but “when.” When your department gets cut in half, here are some tips on how to stay afloat and reach to new heights.