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Developing leadership talent is never easy, but it has always been possible. Large companies like Merck, Edward Jones, PepsiCo, and Walmart have honed their brands, cultures, and bottom lines by becoming leadership talent factories. Lesser known companies like Fifth Third Bank, Gundersen Health, and KBR have similarly, but more quietly, built and sustained leadership development efforts from within to accumulate great leaders who are equipped to move forward as the business demands. Organizations with strong talent bases have long been a minority, but in recent years, leadership factories have become even rarer. In 2011, 18 percent of organizations worldwide reported…
Cybersecurity vendor CrowdStrike caused a global IT outage a week ago that had nothing to do with hackers or malware, and therefore nothing to do with security. And it wasn't some “cyber” thing, it was a real-world disruption that paralyzed hospitals, banks, airlines, and even broadcasters. It will take months, maybe years, to tally up all the pain it caused, with business closures, job losses, and worse. Unfortunately, CFOs, whether they are organizations affected by an outage or have been bystanders to a major IT outage, can only afford so much time to reduce the likelihood of something like this…
IMARC Group's report titled “Battery Recycling Plant Project Report 2024: Industry Trends, Factory Setup, Machinery, Raw Materials, Investment Opportunities, Cost & Revenue” provides a comprehensive guide to setting up a battery recycling plant. The report covers various aspects ranging from a broad market overview to intricate details such as unit operations, raw material & utility requirements, infrastructure needs, machinery requirements, manpower needs, packaging & transportation requirements, etc.In addition to operational aspects, the report also provides detailed insights into the battery recycling plant, process and project economics, covering vital aspects like capital investment, project financing, operational costs, revenue and expenditure forecasts,…
Some people start businesses because they want to be leaders, make more money, or because they are unemployed. A report by the Global Entrepreneurship Monitor has revealed that many South Africans are turning to starting their own businesses as a way to combat unemployment. Business Partners Limited Executive General Manager, Impact Investment, David Morobe said the 2021/2022 report showed that unemployment has increased from 84.7% in 2021 to 89.5% in 2022, indicating that unemployment is being used as a motivation to start businesses. That’s why they and various stakeholders continue to run the Small and Medium Enterprise (SME) Toolkit Competition,…
July 25, 2024 Business Partners Co., Ltd. In South Africa, entrepreneurship holds the key to addressing various economic, social and educational dimensions of sustainable development. Entrepreneurship has great potential to drive job creation, innovation and social empowerment, and can make an important contribution to alleviating poverty and building more equitable societies. Platforms like 2024 can: Small Business Toolkit Business Plan Competition – Now Open entry – It provides aspiring entrepreneurs with a crucial opportunity to become part of this promising entrepreneurial ecosystem. Now in its 15th year, the SME Toolkit competition welcomes applicants from across the country and…
It's easy to be pessimistic these days. With a prolonged black swan event, bitter political divisions, and fear-mongering and apocalyptic thinking in many quarters of society, you're certainly not alone if you feel optimistic about the direction the country is heading. However, for managers to fall into that mindset now would be a huge mistake, and one that could prove costly. fillip PowellHe is an economist at Indiana University and executive director of the Indiana Center for Business Research. chief executive officer About the Strategy Development Masterclass Series for Manufacturing CEOs. This program is being offered (again) free to our…
Developing leadership talent is never easy, but it has always been possible. Large companies like Merck, Edward Jones, PepsiCo, and Walmart have honed their brands, cultures, and bottom lines by becoming leadership talent factories. Lesser known companies like Fifth Third Bank, Gundersen Health, and KBR have similarly, but more quietly, built and sustained leadership development efforts from within to accumulate great leaders who are equipped to move forward as the business demands. Organizations with strong talent bases have long been a minority, but in recent years, leadership factories have become even rarer. In 2011, 18 percent of organizations worldwide reported…
Entering the European market presents a unique mix of opportunities and challenges for U.S. companies. As the business world becomes increasingly globalized and shrinks, entering Europe's diverse economies becomes more attractive. However, recent reports highlight that U.S. companies often face significant hurdles, with many taking up to six years after incorporation to set up their first European office and another 18 months to expand further across the continent. Entering these markets requires a nuanced understanding of different regulatory environments, cultural norms, and operational complexities that are significantly different from those in the U.S. A comprehensive roadmap is essential for U.S.…
In 1984, I graduated from college with a degree in accounting and went to work for Elliott Davis, an accounting, consulting and tax firm founded in 1920 and headquartered in Greenville, South Carolina. I am one of those rare breed of workers: after 40 years, I still work for Elliot Davis. I stayed with the first company that hired me straight out of college. It's now axiomatic that to advance in your career, you have to leave and re-leave the companies that employed you. This is often to the individual's advantage. Having many companies on your resume means you've gained…
In 1984, I graduated from college with a degree in accounting and went to work for Elliott Davis, an accounting, consulting and tax firm founded in 1920 and headquartered in Greenville, South Carolina. I am one of those rare breed of workers: after 40 years, I still work for Elliot Davis. I stayed with the first company that hired me straight out of college. It's now axiomatic that to advance in your career, you have to leave and re-leave the companies that employed you. This is often to the individual's advantage. Having many companies on your resume means you've gained…