This will be my last Blog Article for 2021. Whilst hoping you will find time to slow down in the coming festive days, I wanted to forward you this Blog article so that you can reflect on it during the forthcoming "slower period". The very first article I published on this Blog, 22 months ago, …
Author: Silvan Mifsud
The Challenge for SMEs to Attract & Retain Talent
It is true that businesses of all sizes are struggling to retain and attract talent, however I find that this is more so for SMEs as they often find themselves with an inadequate toolkit to address the challenge. The same old approaches aren’t working in the present circumstances and will not build the capabilities such …
Continue reading The Challenge for SMEs to Attract & Retain Talent
Employ Carefully
Many business leaders are truly overwhelmed as they are desperately trying to fill various vacant positions. The level of vacant positions is often leading to an increasing burden on existing staff members, creating the potential for dissatisfaction, burnout and hence even more vacancies. Yet the temptation to just employ anyone willing to take the job …
Autonomy vs Micromanagement
As you hopefully know so far, I am dead set against micromanagement. I had extensively written about the perils of micromanagement (Click HERE and HERE to read past articles on micromanagement). In fact I believe that businesses have a great deal to gain, from a performance perspective, when adopting empowerment and autonomy. However should such …
Where can we find leaders?
When I was studying for my Masters degree I was somehow infatuated by the research work of Gareth Jones on Leadership. Unfortunately he died early this year. In his work with Rob Goffee he established that leadership is non-hierarchical concept. Much of the leadership literature is overly concerned with those who reach the top of organisations. …
Digital Transformation
The pandemic has surely accelerated the need for digital transformation of all business organisations. However, the most common mistake I see is that business leaders believe that such digital transformation is only and exclusively related to investing or buying new technology, without going through the extremely important process as to how such digital transformation will …
Employee Retention
All business leaders I meet seem to be facing some sort of staffing problem or another. It has become a common conversation subject. As I keep repeating, while recruiting new staff is important, retaining the good staff you already hold in your team is even more important.The challenge is severe. Many employers are presently seeing …
Incompetence in Family Businesses
I would not be exaggerating when I say that I face and deal with incompetence in various family businesses on a daily basis. If there is one thing that I learnt is to analyse family businesses with an open mind and to build my own conclusions on the facts I see rather than what I …
ESG for SMEs
Environmental, Social and Governance (ESG) factors are not the latest business thinking fad. It is fact that today’s investors increasingly want to invest in sustainable businesses with good investment models and integrating ESG factors will set you on the journey that your investors will be wanting to see evidence of – and importantly this will increasingly include all providers of finance into your business …
Family Businesses – Shape up!
Acting as advisor of various family businesses I truly understand the various particular difficulties that family business face - from different family owners with different views and priorities, to the difficulty in discussing critical issues like corporate governance, succession planning, compensation and performance management. Normally these delicate issues end up being constantly swept up under …
A Business Blog for SMEs & Family Businesses 