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Key Strategies for Aspiring Entrepreneurs Considering Franchise Ownership

Strategy Driven

While the allure of operating under a recognizable brand can promise a certain degree of stability and support, it is imperative to evaluate all associated risks and benefits carefully. Market Research and Demographic Analysis Conducting thorough market research and demographic analysis is non-negotiable for franchise success.

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What Knowledge Workers Stand to Gain from Automation

Harvard Business Review

Yet, more than 50 years after Peter Drucker devised the term knowledge worker, it is quite disappointing to peer inside the operations of any large organization and see how little of their time knowledge workers actually spend on higher-order thinking tasks. The Future of Operations. No underlying systems programming logic is touched.

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The Big Picture of Business- Professional Education Necessary for Company Success

Strategy Driven

It is usually technical or sales/marketing in nature. Team building must be part of the corporate Vision first, not as a series of exercises delegated to trainers. Organizations of all sizes must have the Think Tank.which delineates future operations, including education and training. Training is rarely allowed to be extensive.

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How to Manage an Insecure Employee

Harvard Business Review

“When someone doesn’t have the confidence to be proactive or to take on what you’re asking them to take on, you can’t just delegate and move on,” she says. Ultimately, though, the goal is for your employee to operate more autonomously, says Burris. A bit of handholding may be necessary. Be a martyr.

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Case Study: When to Drop an Unprofitable Customer

Harvard Business Review

Editor's Note: This fictionalized case study will appear in a forthcoming issue of Harvard Business Review, along with commentary from experts and readers. I'm flattered by such an august delegation," Steve said. And they were shocking: Just 1% of Egan's SKUs accounted for 100% of its operating profits. Too much clout.

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How To Grow Your Business In A Competitive Industry

Strategy Driven

This can be particularly effective if you are scaling into areas with less competition as it can be much easier to dominate the local market. It is also worth considering your product range and seeing if there are any gaps in the market that you can fill. Case studies. Ramp Up Marketing. Diversify Product Range.

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How to Stop Micromanaging Your Team

Harvard Business Review

“A good manager trains and delegates,” says Dillon, and you can’t do that if you’re taking on everything—regardless of how important the task is—yourself. ” Another way to ease out of micromanaging is to discretely seek feedback from other coworkers about how your team is operating, says Dillon.