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Ethical Business Practices That Benefit You

Strategy Driven

While contributing to a company ‘ s long-term success, ethical practices can also contribute to ensuring a positive impact on the individuals within the organization as well as outside communities. Similarly, a key driver for customer loyalty is ethical practices. This is a win-win for everyone involved.

Ethics 109
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How to Hold onto Your Customers in a Crisis

Leading Blog

Your team has to know what your “ forever promise ” is—the organization’s commit-ment to customers that justifies customer loyalty. I’ve observed companies panicking and doing anything they can to manage short-term cash—and destroying hard-earned relationships at lightning speed. Re)focus on your forever promise.

Crisis 326
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How to Discover Your Organization’s Deep Purpose

Skip Prichard

They know that for deep purpose to take hold, both their daily actions and long-term strategic plans must be consistent with the overarching purpose. Deep purpose organizations understand how to address the siren song of quarterly profit expectations while also building an organization for the long run. ” -Ranjay Gulati.

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Forget Passion – What Employees Need Is Purpose-Led Work

Tanveer Naseer

But the catch is that its ability to motivate us only works over the short term. When it comes to running the long game, passion sadly comes up short. While we might gain an uptick in productivity, the truth is that passion alone is not enough to keep that internal drive going over the long run.

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Importance Ethics in Human Resources Management

HR Digest

When HR professionals prioritize ethical practices, they empower themselves to make sound decisions that align with the organization’s values and contribute to its long-term success. By prioritizing ethics over personal gain or short-term profits, HR leaders inspire others to do the same.

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How to Drive Strategies By Assessing Your Company Capabilities

N2Growth Blog

Customer Loyalty: Is the firm preferred among its customers? How easy is it for a customer to shift to another provider? Can assets be turned quickly to meet short-term obligations? How long does a typical system move from conception to production? What segment of the market do they serve? Technology.

Strategy 204
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Useful Tips To Help Your Business Run Smoothly Post-Pandemic

Strategy Driven

Even if you decide you want to stick with what you know and what you’ve got, you can’t go wrong implementing a computerised maintenance management system, or CMMS for short. It will save you money long term when it comes to fixes, and will make you feel incredibly professional too, which is a big bonus.

Tips 77