When you’re creating a company or working on a business plan, the first thing you should do is create a mission statement. Your mission statement is the base for your company values, vision statement, slogan, value proposition and everything else….Read More
Total Quality Management (TQM) works to maintain success by doing what is necessary to improve customer satisfaction. Of course, that satisfaction is seeded in employees and business processes—long before any product or service reaches its customer. How does a business…Read More
A stakeholder is anyone who has an interest in a project, business or organization. More importantly, stakeholder management is critical for the success of any project or organization because it can influence everything and everyone, including senior management, project leaders,…Read More
Much as a librarian is responsible for organizing a large collection of books, organizations must have a set protocol for managing their business data. Not being able to find or protect data makes for a dangerous precedent. That’s why data…Read More
What Is OKR? OKR is a goal-setting technique used to track progress as teams move towards achieving objectives that are ambitious and in alignment with the company vision. Google famously found the OKR framework to be an essential tool for…Read More
Contingency plans are used by smart managers who are aware that there are always risks that can sideline any project or business. Without having a contingency plan in place, you don’t have a risk management recovery plan, which reduces the…Read More
Your business operations are only as good as your ability to monitor and control them. For example, manufacturing teams would be lost without a controlling process that lets them measure and improve on their management function. The process of controlling…Read More
A vision statement almost sounds mystical. But it’s not supernatural, far from it. Rather, a vision statement is a foundational business document. There is a lot of paperwork that clutters the office of any organization, but the vision statement is…Read More
No matter what industry you’re in, the one constant throughout the project life cycle of a project is paperwork. There is always plenty of paperwork to create, have approved, file and finally archive. All of those project management documents are…Read More
Work in the dark and eventually you’re going to hit a wall. While the myth of the entrepreneur who comes up with a million-dollar idea and back and watches the money roll in might be persuasive, it’s fiction. Businesses need…Read More
Issues arise in almost every project. But knowing there is an issue is one thing; figuring out how to resolve it is another. If you’re missing deadlines and the quality of your product or service is suffering, there’s a problem….Read More
All businesses experience change. These changes mean that small businesses need a structured plan to navigate their growth while staying on track to achieve long-term goals and objectives. This is where a small business plan comes in. Creating a thorough…Read More
Getting the right amount of small business funding that you need is no small task. It is stressful to need money in order to launch your business, and at times it can seem impossible to get. Luckily in today’s marketplace,…Read More
Business ethics might sound like an oxymoron, but it should be a cornerstone of every industry. Jennifer Bridges, PMP, explains what it is and why it matters to managers, their projects and the organizations they serve. Here’s a screenshot of…Watch
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