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7 Strategies for Reducing Operational Management Risk

Strategy Driven

Deploying an operational risk management program that does the intended job remains a challenge for many businesses today. The industrial sector and others have witnessed rapid changes that significantly altered the way businesses operate. They need to train all employees to make risk-based thinking part of everyday operations.

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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. Training and Support Systems Training and support from the franchisor can dramatically influence the success trajectory of a franchise operation.

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Unlocking the Potential of Less Than Truckload (LTL) Freight Shipping: Strategies for Efficiency and Cost Management

Strategy Driven

Embracing technology is another cornerstone for optimizing LTL operations; modern transport management systems (TMS) analyze shipping data to inform intelligent decision-making around shipment consolidation, carrier selection, and route planning. Such efficiencies translate to lower greenhouse gas emissions.

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The Role of Due Diligence in Business Transactions

Strategy Driven

Legal due diligence involves reviewing contracts, agreements, and other documentation to understand the company’s legal status and ensure no significant issues arise after a merger or acquisition. It is vital for businesses that operate in highly regulated industries.

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Leadership and Knowledge Management

N2Growth Blog

Leaders who don’t understand the value of distributable and actionable knowledge not only limit opportunities, but they’re also building huge contingent operating liabilities. Develop a mantra of “document, document and when in doubt, document&# and make this as painless as possible.

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The Culture Engine

Leading Blog

“An organizational constitution is a formal document that states the company’s guiding principles and behaviors.” It describes how your organization operates. We have to begin by understanding the truth of how our organization operates. At any level in the organization, you can make a difference within your sphere of influence.

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How to Use Accurate Data for Strategic Decision-Making

Strategy Driven

The data can include statistics, marketing analysis, consumer information, or any collected facts and data that will help influence strategy to reach your goals. The data can include anything from photos and marketing ads to documentation to cryptocurrencies. Without these insights, it’s harder to make informed and targeted decisions.