Monday, November 28, 2022

Brand relevance: Why should people choose you over the competition?

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Have you ever been to a cafe that has smashed avo on the menu? My guess is that if you live in Australia, your answer is most likely yes. But have you ever been to a cafe that offers tax returns? For most of you, I’m guessing no, as this is not the norm. While tax returns might be a little out there when it comes to what cafes should be offering, the reality is that in business, your competition offers the same (or a very similar) service or product as you.

Beyond digital transformation: Key to unlocking organisational resilience

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As we continue to strive for a cleaner planet, govts, industries and firms around the world are uniting to build a more sustainable future. The time is ripe to explore innovations and tech that can work to reduce carbon emissions and help to facilitate better resource efficiency. With increasing volatility, alongside the winds of the climate crisis sweeping the globe, it is essential that firms can ensure system-wide resilience and sustainability, for future success.  

Economic downturn: What I learned turning around failing businesses

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Given today’s global turbulent business environment it’s no surprise that businesses can and do fail. According to the U.S. Bureau of Labour Statistics, about 65% of businesses fail during the first ten years and only 25% of companies make it to 15 years or more. In Australia the ABS reports that only 74% of large businesses are still operating after four years, and that rate falls to less than 60% for small businesses after the same four-year period.

Legal regulations introduced during COVID benefit multinationals in 2022

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More flexible company regulations introduced to fit Working From Home arrangements during the pandemic took effect over the past year as multinationals used digitized processes to work faster and reduce the costs of managing their legal entities – according to data by Mercator® by Citco (Mercator), in its Mercator Entity Management Report 2022.

Crisis sees 62% Aussie firms adopt accelerated change to beat targets

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Unit4, a player in enterprise cloud applications for mid-market services organisations, announced the findings of its second annual Business Future Index. It surveyed 3,450 respondents across 12 global markets to understand how business performance over the past 12 months has been affected by the pandemic and reveals the extent to which changes to people strategies, company policies and technology adoption have accelerated.

ISACA reveals significant gaps as firms race to digital transformation

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As enterprises race toward digital transformation, the State of Digital Trust 2022 survey report from ISACA shows significant gaps between what enterprises are doing and what they should do to establish leadership and earn customer trust in the future digital ecosystem. The report features insights from 2,755 international business and IT professionals. ISACA defines digital trust as the confidence in the integrity of relationships, interactions and transactions among providers and consumers within an associated digital ecosystem.

More global companies are creating Chief Transformation Officer role

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With seven in 10 enterprise transformation efforts failing to meet business leaders’ expectations, many companies are adding a new executive role to the C-Suite: the chief transformation officer, according to a new report from Project Management Institute’s Brightline® Initiative developed in collaboration with Accenture (NYSE: ACN).

Business leaders feel more equipped post-pandemic, finds Verizon study

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Business leaders are struggling to seize new business opportunities amidst an unpredictable business climate. That is the finding of a survey of 600 global C-suite executives commissioned by Verizon Business. In areas such as transforming customer and employee experience — and on critical issues such as talent acquisition and technology deployment — there is a gap between business growth and the ability to drive meaningful long-term change.

Building your dream: How quirky habits have kept me streamlined

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From the moment I walked into a research lab in university, I knew that I was exactly where I wanted to be, I wanted to discover numerous ways to support and improve the health of the human body. My journey as a student, researcher and now company director has given me the tools and capability to create innovative products that genuinely help people. 

Chasing the bears: Why you should always take educated risks in life

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One sunny Florida morning, my wife, Lori, and I were sitting at our kitchen table, sipping coffee and reading the newspaper. A big mama bear and three little cubs scampered across our front yard just outside the kitchen window. It had never happened before; our home was miles from any wooded areas. Without saying a word, we looked at each other, jumped up, and quickly ran outside to chase the bears. It might not have been our smartest idea.