14 Dec ADAPTING TO THE NEW NORMAL: MAKING SMARTER BUSINESS DECISIONS
Trade secret: You don’t need leadership speakers or high-powered change management consultants on-deck to help drive positive change in your organization. In fact, if you make slight shifts in the way you think and operate, you’ll already be ahead of most of the competition. True – as leadership speakers ourselves, there’s something to be said for opportunities to inspire and motivate business executives. But simple shifts that come from within are often the most powerful when it comes to 10Xing your productivity or performance, or putting your organization on the fast-track to success, as the following market research recaps reveal.
Topic: Better, Smarter, Faster: How to Improve Your Decision Making Ability
Scenario: Business executives tend to be highly responsive in nature, especially during hectic times like these – instead, it’s smarter to be proactive, and take a bigger picture view of any scenario, if you want to figure out where to best apply your efforts and energies, and plan for tomorrow today.
Insight: Two costs come attached with every choice: Opportunity as well as financial, as time and energy are finite, just like monetary resources. Asking yourself a number of key questions as a business owner before making any choice or investment to determine if it’s worth pursuing, or other solutions may be more effective, can help you make the most of your time and effort. Also, it pays to remember: You always want to find ways to utilize insights, resources, and capabilities in multiple ways to offset their cost and maximize gains.
Topic: Using Data-Driven Insights to Fuel Innovation
Scenario: Thanks to cost-affordable, plug-and-play analytics and AI solutions, business leaders now have access to more data than ever before – it’s important to structure both your business and evaluation process to turn them into meaningful insights.
Insight: Cloud based and artificially intelligent tools (many that are ready to go in plug and play solutions) can help you gain deeper insights into power management and usage, productivity, inventory management, workforce trends, customer behaviors, and other factors. You can also use these tools to spot potential points of failure, or areas for organizational improvement, at a glance – as well as how to streamline processes and procedures to be more effective. Technology can help you make better business decisions.