article thumbnail

HR Cost Cutting Measures to Trim the Fluff

HR Digest

Use technology to do the tasks— online marketing, cutting client interactions, face to face meetings through teleconference and email. The goal of any cost-cutting exercise should be to eliminate any task whose cost of doing it exceeds the business value it provides. Cut down on duplication of processes.

Cost 96
article thumbnail

Why Businesses Fail | N2Growth Blog

N2Growth Blog

The fact of the matter is that senior executives who rise to the C-suite do so largely based upon their ability to consistently make sound decisions. Conduct a Cost/Benefit Analysis : Do the potential benefits derived from the decision justify the expected costs?

Blog 416
Insiders

Sign Up for our Newsletter

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

article thumbnail

The Skills Gap That's Slowing Down Your Career

Harvard Business Review

For example, I know a bank executive who had twenty years of great community banking experience, but no bachelor's degree. But excuses like those don't matter in tight job markets where there are plenty of people out there looking for jobs — and with the right credentials for those jobs. I just didn't have the time to get an MBA."

Career 8
article thumbnail

Ideas Don't Equal Innovation | N2Growth Blog

N2Growth Blog

You see, while creativity is a clearly a valuable asset, unbridled creativity where random, disparate ideas abound outside of a sound decisioning and execution framework will create distraction and chaos much more often than they will lead to innovation. Assess : Put the idea through a risk/reward and cost/benefit analysis.

Blog 413
article thumbnail

How Freelancers Can Make Sure They Get Paid on Time

Harvard Business Review

“Before you respond to a request or knock on a door in a marketing capacity, you need to establish that the company can pay you and will pay you,” he says. The best way to ensure you get paid in a timely manner is to only work for reputable, well-funded companies that treat freelancers with dignity and respect.

article thumbnail

5 Characteristics of Digital Giants that Enable Domination

Skip Prichard

How do you become a market leader in the midst of rapid change? You predict that we will have only 100 dominant players in 50 markets by 2050. In fact, many of their leaders have forgotten how they got there – mission, talent, offering, and markets. Another indication of the speed and extent of dominance is market cap.

article thumbnail

One Year After India Killed Off Cash, Here’s What Other Countries Should Learn from It

Harvard Business Review

My assessment of the action was that the policy was poorly thought out and executed and that its net impact would be negative and particularly bad for the poor. Such processes are not easy to do and ought to be guided by experts in economics, business, and technology paired with experts in policy execution.