Research constantly shows that Family Businesses are dominated by the so called "Operator’s Mindset". This is a mindset formed by specialised knowledge passed down from generation to generation. Those with this mindset attend diligently to all aspects of operations, prizing traditions while constantly tinkering to make improvements as they look for growth opportunities primarily within …
Continue reading Family Businesses – The Need for A Strategic Mindset
As more and more people around the world are being vaccinated a debate from various business leaders seems to be heating up. HSBC has just announced that it intends to reduce its office space around the world by nearly 40% as part of sweeping cost cutting designed to capitalise on new part-office-part-homeworking arrangements after the …
All the research ever done shows that what matters most to employees is feeling respected by their superiors. The correlation can never be stronger - Employees who feel respected are more grateful for—and loyal to—their firms. So this begs this question as to why many employees feel they are being disrespected? Research points to an …
If the pandemic has not challenged anything, it has challenged the level of trust between business leaders & managers and the rest of team members and even amongst employees. It’s critical that company leaders work to rebuild and maintain trusting relationships — with and among their employees. Those that don’t trust, risk far more than …
Today marks the 1st Anniversary since I published my first Blog Post article. Little did I know how the year ahead would develop....and what a year it has been! First of all I want to take the opportunity to thank the more than 10,000 viewers who clicked on the Blog in the past year. I …
Continue reading 1 year old – Are your people really your most important asset?
This is a situation which various businesses are presently facing. As a direct result of the COVID-19 pandemic, many employees are working from home and are therefore saving time and money in travelling daily to the office, stuck in traffic, while in many instances still getting their work done productively — in some cases more …
Continue reading How will your business operate in a Post-Pandemic future?
I was recently delivering a risk management webinar course. These days you cannot speak about risk management and not touch upon the importance of resilience. From a risk management perspective, for organisations to improve their resilience they have to:- ● gain awareness of changes in the external and internal environment, so that constant attention to …
Notwithstanding that many business organisations use tools such as codes of conduct, training and audits, research constantly shows that only very few employees ever speak up or report wrongdoing. This matters, because such silence creates a fertile ground for white-collar crime. Why is this? The leading cause of silence is fear of repercussions. Research after …
I was recently impressed by the hard hitting statistic coming out from the Chamber of SMEs research which outlined that 68% of SMEs in Malta felt that they would not survive more than 12 months in the current conditions (even with the present level of Government Assistance).There are various research studies presently taking place across …
Continue reading Survival Mode for Family Businesses and SMEs
Businesses are facing major disruptions which bringing new and urgent demand for change. With some industries on the brink of extinction, change isn’t about fine-tuning — it’s existential. However I still see businesses going about change, using traditional approaches based on heavy processes and lengthy timelines. This is not want is needed. Many businesses need …
A Business Blog for SMEs & Family Businesses 