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What the rest of us can learn from Deutsche Bank’s massive restructure

Catherine Iste Business Management, Services & Risk Management

Few of us or our companies share anything obvious in common with Deutsche Bank’s woes or the massive restructure its leadership has initiated. However, we can glean several lessons from the company’s slide and this transformational change on which it is embarking. Regardless of size, industry, or life-cycle stage, the rest of us can take away several practical lessons from Deutsche Bank.

What are the best times to post to social?

Emma Fitzpatrick Marketing

Social media marketing is always evolving. What worked last year (or even last week) may not do the trick again. That's why you've got to stay afoot of the latest trends and studies. You'll learn new, data-driven tips about how to get the most out of what you're already doing. Speaking of, changing and optimizing the time you post content on each social platform can make a big impact, as outlined in a Sprout Social report. Read on to learn the best time to publish on each platform to maximize engagement — and how that changes in each industry.

A guide for facilities decision-makers on going solar

Scott E. Rupp Facilities & Grounds

Implementing a solar energy project has many legs and can move in many directions. However, guidance, development of the project, the site, and goals need to be set well before actual work can be done. Planning can help a facility carry out the solar implementation project, but facility managers should also look for innovative ways to aggregate procurements to benefit from economies of scale and to reduce transaction costs. Federal agencies, for example, are moving toward solar power capabilities, as are private organizations. But no matter the agency or sector, interest is there for generating solar plans.

Facebook’s cryptocurrency plans unfurl to controversy

Michelle R. Matisons Science & Technology

Facebook has been steadily colonizing more and more of our lives. Now, the company has paved a direct road to the currency sector, as it recently announced plans to partner with a company called Libra to allow users all the conveniences of modern financial technology. After Facebook announced its cryptocurrency plans, Congress stepped in to request new rules. Why? Because Facebook's reach and influence are so widespread that cryptocurrency plans could upend and radically restructure financial markets.

Does location impact your interior design business?

Lloyd Princeton Interior Design, Furnishings & Fixtures

Recently, a client approached me with an intriguing business dilemma. They felt their firm could be commanding higher fees and earning more revenue if they moved to a more prosperous location. They wanted to know if I could help them determine where that location might be. It turned out that while there is not information about specific businesses, there is data showing some interesting patterns that firms may want to take into consideration when determining their location and evaluating how well they are performing.

Practical ways to think about culture

Catherine Iste Business Management, Services & Risk Management

As leaders, we have found ways to identify our workplace culture in everything from our performance reviews and handbooks to our total rewards packages and exit interviews. We can see evidence of it everywhere and it is clear it can affect or be affected by almost every aspect of our leadership. Yet, with the pervasive nature of culture, it can be challenging to understand how to prioritize our actions in order to successfully implement our culture vision. Here are a few practical ways to think about culture to ensure we focus on what is most impactful.

Why should you keep committee minutes?

Robert C. Harris Association Management

Committees work under the authority of a board of directors. The bylaws prescribe their appointment; policies detail their operations. The volunteer groups (committees, task forces, councils, special interest groups, etc.) are intended to supplement the work of the board and staff. Cynically it has been said that "committees keep minutes and waste hours." Keeping minutes is a smart practice. It’s a record of what the group did at a specific meeting, who attended and any needs or recommendations. Minutes inform the board and staff.

US economy adds 224,000 jobs; unemployment rate ticks up to 3.7%

Seth Sandronsky Business Management, Services & Risk Management

What a difference a month can make. In June, U.S. payrolls grew by 224,000 jobs, a sharp rebound from 75,000 new hires in May, according to the Bureau of Labor Statistics. June’s rate of unemployment ticked up to 3.7% from May’s 3.6%. The jobless rates for major worker groups, the number of long-term unemployed persons, and the labor-force participation rate remained nearly the same in June from May, the BLS reported. The June employment-to-population ratio was 60.6% for the fourth straight month.

How to doom your business in 7 easy steps

Anne Rose Business Management, Services & Risk Management

Most businesses begin with a dream — a dream of offering a unique product or service to a hungry market. But you can’t stop with the dream, or it stays an unfulfilled dream. The dream has to be implemented with careful planning: who is the market, how to reach it, how to produce the product or service efficiently, how to price it correctly, and how to promote it. Dreaming is easy; planning is not. In this article, we'll talk about failure — because it’s easier to fail than to succeed. Here are seven easy ways to ensure that your business proposition will fail.

Going the distance in business

Roberta Matuson Business Management, Services & Risk Management

A few years ago, I rode my new bicycle 21 miles on Martha's Vineyard. For some of you, that may not be a big deal, but for me this was an event. I'll admit, there were times that I watched the local bus go by with bike racks and thought to myself, "I should be on that bus." But instead, I kept peddling. I know a lot of businesses who have decided to take the bus with the hopes that they will ultimately reach their destination faster and in better condition than if they had slowed down a bit and gotten into fighting shape. Here are some best practices from my most successful clients who are in tip-top shape.

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