Strategy

Business communication is evolving, and in 2023, it is more important than ever for firms to approach it strategically and effectively. A multichannel communication platform, like the one offered by our firm, can help businesses streamline and optimize their communication efforts. One of the biggest changes in business communication has been the shift towards digital channels. Email, instant messaging, and social media are now essential for all businesses.

Skillsoft, a platform for transformative learning experiences, released its new Corporate Social Responsibility (CSR) at Work Report, benchmarking organisations’ current Corporate Social Responsibility initiatives and highlighting areas for opportunity and improvement. Based on insights from over 1,000 professionals, the report found that 72% of respondents’ organisations are investing more in CSR now than before the pandemic. Despite this positive trend, just over half (54%) say their firm has a formal CSR plan in place for the coming year.

Which are the factors driving the possibility that a company may be sued by investors in 2023? A poor financial performance or even insolvency and the prospect of a recession, a lack of robust cyber security and governance processes, or a non-compliant response to environmental, social and governance (ESG) issues are among the key risks in the Directors and Officers (D&O) insurance space, reveals Allianz Global Corporate & Specialty (AGCS).

Human Kind 2023, a three day immersive summit bringing together the industry leaders and changemakers, is making its global debut at Sydney’s iconic Luna Park, 16-18 March 2023. With a vision to help reshape our collective future, Human Kind features an unbeatable line-up of events hosted by global heavy-hitters—-from world-leading neuroscientists to thought-provoking artists and others who have achieved incredible personal and collective feats.

Firms that have been successful in expanding in their home country often want to expand abroad as well. A promising area for expansion is Germany. But to be successful, obstacles must first be overcome. The challenges posed by German law and contract practices keep many from expanding to Germany. Even though, the opportunities outweigh the difficulties.

The pandemic accelerated the shift to remote work and forever changed expectations of the workplace. At the same time, an unprecedented number of people migrated away from traditional talent hubs. Amid this transition, organisations began to look beyond their borders to fill critical roles, with 36% of hiring managers actively looking internationally for candidates.

When I first ventured into the world of owning my own business, it made logical sense for me to start by buying a franchise. I knew it would provide me with the business model, systems and processes that would allow me to grow and learn but also feel supported in my journey. That’s exactly what I did. I then bought the company. The franchising business model is a solid model that has proven its effectiveness. It not only provides scalability, but also cash flow for that growth, which is often the biggest issue facing business owners today.

The only thing as questionable as Elon Musk's purchase of the social media platform Twitter has been his approach to leadership since taking over. Business leaders can learn from the mistakes of the self-proclaimed "Chief Twit" when navigating their own periods of change. Understanding how to navigate through tumultuous changes can be pivotal to the success of a company. In any aspect of life, change can be daunting, but it doesn’t have to be. Change can inspire innovation, create new business ventures, and increase staff optimism if managed successfully. During a transition period, listen to the employees to understand the company values. Then use this understanding to leverage change to improve the internal culture.

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.

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.