Years of research on business transformation have shown that the success rate for these efforts is consistently low: less than 30% succeed. Often, lack of employee communication, engagement and alignment with the new goals are the main reasons for such a high failure rate. So what is Business Transformation exactly? Business transformation is all about …
Author: Silvan Mifsud
Power Centres of Family Businesses
I find myself writing once again on Family Businesses. I have written various Blog articles on Family Businesses, but I still face various issues with regards Family Businesses, that makes my blood boil. Add to that the fact that in the current circumstances Family Businesses need to get their act together to face adequately the …
Ask Good Questions
There is the general misconception that being a Leader means that people look to you for answers or bold assertions that build people’s confidence in your competence as a leader. Not really. One of the main skills of a good leader is that of asking good questions. In reality having the approach, that as a …
Trends in 2021 and beyond
The COVID-19 pandemic has changed the world and some of its effects will last. There are various research projects taking place around the globe that shed light on the factors that business leaders should keep in mind as they prepare for the next normal. As I interact daily with various businesses, I could see first …
Business Relationships
If there ever was a year that taught us important business lessons, that’s definitely 2020. Lessons from the importance of managing your cashflow properly, to using the full potential of technology, to diversifying your supplier base, to decreasing cost and increasing operational efficiency, to finding new revenue sources and to understanding how the buying habits …
Leaders Don’t Grow on Trees
I wanted this to be my last Blog post before Christmas and thus for this Blog Post to serve as food for thought during the Christmas period, where I hope you will find some time to recollect your thoughts. Despite the fact that most organisations desperately need people with leadership skills, research constantly shows that …
Fatigue
In most businesses I deal and work with I am seeing evident signs of fatigue. This is to be expected. In 2020 many businesses faced unprecedented levels of economic uncertainty and change. Maybe its my positive side that is speaking out, but I always reply that the pandemic provided business leaders with a unique opportunity …
Work Culture Re-Visited
Something I face regularly is the under estimation that Business Leaders have of the power of a company's culture both on the positive and negative side of the things. A work culture can enable change & innovation or act as a barrier for progress. A work culture can help everyone grow or even destroy lives. …
Under Performance
In almost every business I deal with, there are issues to be faced with regards the under performance of certain employees or even managers. The situation becomes even more difficult and uncomfortable to deal with when those under performing think that their performance is terrific when it’s actually just adequate or worse. A pertinent question …
It’s a Marathon not a Sprint
In 2020, we’ve endured a global pandemic and a massive economic crisis, with forces that are fundamentally reshaping societies through technological innovation and business-model disruption. When I meet business people, managers, executives or employees, beyond the perfunctory answers of “I’m fine” or “I’m managing through it,” when i prompt further, I usually get responses which …
A Business Blog for SMEs & Family Businesses 