If have said it ad nauseum, that businesses need to be more strategic in their thinking and decision making. However the magnitude of changes coming from the technological, geopolitical, social and natural environment spheres are such that the formulation of business strategy is becoming an ongoing process. Why is this so? Dynamic Change: The increase …
Author: Silvan Mifsud
What will it be about? – Part 1
As outlined last Friday, as from the 20th June, a serious of online sessions will be launched with the aim of providing targeted training for family businesses. The 1st session on the 20th June and the last session on the 29th July will also be done in a hybrid format, to allow family business to …
Putting your HOME in order
The discussion held in the past days at World Economic Forum’s annual gathering at Davos makes some very sorry reading. A darkening global economic outlook was the number one talking point. Many economic analysts foresaw either regional pockets of economic recession in countries or continents particularly exposed to the Russia-Ukraine war and global supply chain …
Maltese Bread & Family Businesses
This morning I was reading an article as to how small & medium sized bakers where lamenting the drop in their sales revenue from maltese bread. The article had all the hallmarks of the usual issues that plague certain family businesses. It could be that the supply chain issues and the Ukrainian war leading to …
The Fall of Discretionary Spending
Netflix is just a case in point. Netflix last month revealed that it had lost customers for the first time in a decade. At first analysts believed that this was so, since clients had turned off their Netflix subscriptions for cheaper platforms. This was not the case. Further analysis revealed that in the two weeks …
Managing People in a tight labour market
Managing People was always a challenging task. However many businesses are finding that the challenge to manage people in such a tight labour market has become so difficult that they feel at a loss at how to balance a level of discipline and control whilst retaining the best human resource talent with the company. Many …
Dealing with Inflation
All pointers indicate that we are heading for a prolonged period of inflation. All reports point at supply side issues and an increase in demand for goods that is triggering such an inflation. Notwithstanding the fact that supply side disruptions are likely to be the main cause for this inflation, it is likely that the …
Tightening Labour Market
Saying that employing new employees and retaining present ones has become a nightmare, is putting it mildly. Any business owner or leader has today the lack of human resources at the top of his or her agenda and is likely spending a considerable amount of time on a daily basis to patch around this problem. …
Let it GO
I just came out from 3 lovely days with my 6 year old daughter at Disneyland in Paris. My daughter is a super aficionado of Disney's FROZEN animation and so the signature tune "Let it GO" was well drummed in my head whilst in Paris. However, as I listened to this tune over and over …
Leading & Managing Change
As the turbulent period the world is going through, seems to know no end, being agile and implementing change needs to be high on the agenda of every business leader. Yet I still see many family businesses and business leaders who still fail to understand the importance of all this. As we all know, change …
A Business Blog for SMEs & Family Businesses 