Remove Crisis Management Remove Innovation Remove Operations Remove Risk Management
article thumbnail

Crisis Management in the Digital Age: Lessons for 2024’s Unpredictable Economy

N2Growth Blog

By utilizing machine learning to streamline processes and leveraging data analytics to gain a deeper understanding of customer behavior, digital tools provide innovative solutions to today’s economic challenges. Engaging in risk management and scenario planning is also paramount.

article thumbnail

The Importance of Organizational Resilience

Experience to Lead

Businesses regularly establish routines in the way they operate, but when problems arise and they’re thrown a curve ball, those routines and competencies may no longer work for the situation managers find themselves in. In turn, this creates space for a resilient workplace culture to flourish and generate sustainable ways of operating.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How Dumb Is Your Business?

N2Growth Blog

Posted on October 13th, 2010 by admin in Operations & Strategy By Mike Myatt , Chief Strategy Officer, N2growth How dumb is your business? At the risk of drawing the ire of corporate elitists, I submit to you that the dumber your business is, the better off you are. I Think Not. mikemyatt: RT @janemyatt Their sacrifice.

article thumbnail

Why Businesses Fail | N2Growth Blog

N2Growth Blog

Gut instincts can only take you so far in life, and anyone who operates outside of a sound decisioning framework will eventually fall prey to an act of oversight, misinformation, misunderstanding, manipulation, impulsivity or some other negative influencing factor. They make bad decisions. I Think Not.

Blog 416
article thumbnail

The Big Picture of Business – Quality is Important for Business: Real Quality vs. Arbitrary Metrics

Strategy Driven

It is not enough for management to endorse quality programs; they must actively participate. It applies to service industries and manufacturing operations. Paying attention to quality can realize: Lower operating costs. Faster innovation. Quality should be viewed as a journey, rather than a destination. Higher sales.

Quality 50
article thumbnail

Ideas Don't Equal Innovation | N2Growth Blog

N2Growth Blog

As a result of our conversation, I decided to dust-off an old post, give it a few updates, and pass along my thoughts, which can be best summarized as “ Ideas Don’t Equal Innovation. “ It is my hope to help dispel the myth that ideas are inherently good things.

Blog 413
article thumbnail

The Big Picture of Business – Business Success Checklist

Strategy Driven

When you own and operate a business you need to have certain procedures for an efficient and seamless function. Sometimes the difficulty of managing your time makes for a haphazard operation. It is important to identify swings and trends so that innovation can remain a strength of your business. Instill discipline.