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With succession planning, avoid the ‘Alice in Wonderland’ syndrome

Donald F. White Business Management, Services & Risk Management

Do you remember Alice, the little girl who fell down a rabbit hole and ended up in Wonderland? As Alice wandered about Wonderland, she came upon a Cheshire Cat with a distinctive, mischievous grin. Too many people are on their way to somewhere, with little to no idea what or where somewhere is. They assure themselves that someday they’ll know what and where somewhere is because, well, aren’t they on their way there? Sadly, when it comes to business continuity and succession planning, most business owners are like Alice — on their way to somewhere, yet with little to no idea what or where somewhere is.

Infographic: The rise of the ready-to-drink cocktail market

Brian Wallace Food & Beverage

As we all were forced to become our own bartenders last year, 44% of Americans began purchasing alcohol online, and purchases of ready-to-drink cocktails grew by 43% worldwide. It’s awesome that COVID at least gave us some tasty new drinks, but sometimes it’s even better to be able to just grab the drink and relax, without all the prep, mixing, and cleanup. Ready-to-drink gives us the perks of a "bartender" doing all the work from the comfort of our own homes. These drinks may have risen in popularity due to our collision with calamity, but unlike quarantine mandates, ready-to-drink cocktails are here to stay.

Besides higher wages, what else can businesses do to address labor shortages?

Linchi Kwok Travel, Hospitality & Event Management

When everyone in hospitality is hiring to meet growing demand and prepare for the summer, many are struggling to fill job openings. How bad is the current labor shortage situation? A restaurant owner in New York City, for instance, posted a job listing for a host/hostess position at $30 an hour but received no response for two weeks. A year ago, the same restaurant would have received "hundreds and hundreds of resumes" already for the same position paying $20 an hour. When every company is offering a higher wage and even sign-on bonuses to new hires, businesses must do more to respond to the labor shortage challenge.

What’s the BIG Idea? Episode 2: Steve Jurash on leading through crisis

Hank Boyer Business Management, Services & Risk Management

In this video, Hank Boyer visits with Steve Jurash, president of the 5,000-plus member Manufacturing Alliance of Philadelphia (MAP). MAP represents several hundred thousand manufacturing employees. In March 2020, Jurash led MAP through an incredibly challenging period of dealing with the COVID-19 crisis, an event that brought manufacturing everywhere to a sudden halt. With several hundred thousand employees' lives affected by his decision-making, Jurash faced one of his most challenging periods of leadership. He shares more than 20 best practices effective leaders use to navigate during periods of crisis.

Why is it important to raise awareness about saving the bee population?

Jane Stevens Waste Management & Environmental

The value of protecting our bees was brought to the world's attention in 2009. Greenpeace spearheaded the effort, and the effects of losing these little buddies were made public. However, interest in this important cause has recently waned. According to Google Trends, saving the bees has been the least prominent search word in the last five years out of all the environmental problems affecting our world. We have to keep saving the bees.

COVID-19 accelerated change. How do you stay ahead moving forward?

Philip Burns and William Putsis Business Management, Services & Risk Management

The COVID-19 pandemic was a catalyst that accelerated change in almost every industry. What used to take some companies five years to accomplish remarkably took them only five months during the pandemic. From at-home grocery retailing to working at home virtually, companies digitized their businesses and changed how they delivered services at unprecedented rates. While some companies were better positioned to deal with the challenges the pandemic presented, others struggled. Given this, consider three relevant questions for all business leaders in the context of their own organization and industry.

A look at how the restaurant business has shifted during the pandemic

Bambi Majumdar Food & Beverage

It has been a whole year of pandemic craziness, bringing a wave of deaths, health issues, and unprecedented economic loss. While most industries suffered heavily, restaurants perhaps got the very worst of it. One major area of revenue for restaurants came from office workers during lunch or happy hours. Restaurants that cater to the office crowd have gone through a harrowing year. With many of their clienteles working from home for the past year, a significant portion of their business vanished into thin air. As fewer people go to a physical workplace now and in the future, some will have to rethink their entire business strategy.

What’s the BIG Idea? Episode 1: Sydney Guerrero on business development…

Hank Boyer Business Management, Services & Risk Management

In this episode of What’s the BIG Idea? we visit with Sydney Guerrero, Vice President of Busines Development for Orion Innovation, an $850 million global IT leader in digital transformation and product development services.

Infographic: How to become an entrepreneur

Brian Wallace Business Management, Services & Risk Management

If you go back a few generations in time, entrepreneurs were not all about the glitz and glamor of today. It was actually a looked down upon profession. So, what’s changed in the world? Entrepreneurship only works properly with a contract with society to succeed.

5 less explored marketing channels that can bring a lot of value

Petra Odak Marketing

Marketers have multiple options to promote their products and services. You have almost certainly heard of email marketing and social media marketing. Marketers use these methods because they work. And when the marketing is effective, the money comes in. But what about the other avenues you might be ignoring? In this article, let’s look at five less-explored marketing channels that can still bring a lot of value to your business.

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