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Preparing Your Business for COVID-19

Lead Change Blog

There are three cognitive biases, in particular, that you need to watch out for where the COVID-19 pandemic is concerned: Normalcy Bias — The brain causes us to assume things will keep going as they normally have been, and we assess the near-term future based on our short-term past experience.

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What Is Renewable Energy Procurement?

Strategy Driven

Developing Long-Term Relationships Long-term relationships between a business and a renewable energy supplier can provide numerous advantages. These can be both short-term and long-term. In the short term, businesses are able to access reliable renewable energy procurement at a lower cost.

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Has Covid-19 Made Tourists More Price Sensitive?

The Horizons Tracker

“When a destination faces the threat of an infectious disease such as COVID-19, tourism businesses operating at the destination need to be cautious in offering discounts or promotions, implementing dynamic pricing or price discrimination strategies,” the researchers say.

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3 steps to creating a culture that retains your best employees

Strategy Driven

And if you are operating in a context of skills shortages, which many companies are, you simply can’t afford to lose those skills you know are going to be impossible to replace. Engagement for engagement sake will only ever bring short-term results; engagement around a cause, however, will keep your employees motivated for years.

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Is Business a Combination of Sport and War?

In the CEO Afterlife

The tactic that works best to defend or build share in the short term is price cuts or special discounts. The new economy doesn’t operate that way. The 100% boundary can get crowded and those obsessed with winning or defending their territory often resort to non-strategic tactics. But their leaders are farsighted.

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Performance Appraisal & Rewards in Response to COVID-19

HR Digest

At this moment, most organizations are focused on helping their customers and employees with immediate safety and security needs, recognizing the immediate short-term financial impact on their end goals. These key areas include: Manage operations with minimal loss and disruption to daily business flow.

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How I Leveraged A Big Leadership Fail Into My First Leadership Win

Terry Starbucker

I was doing was our first round of operational budgeting then, which happened just a few months after I was hired. We needed to hit a certain number, but when the field came back with their “bottom up” detail spreadsheets, we were well short of it. So I went with the easiest option. Will you follow me??”.