Let’s be honest. For years, the standard employee benefits package has felt a bit… static. Health insurance, a 401(k) match if you’re lucky, and maybe some dental. But there’s a giant, throbbing elephant in the room that these benefits barely address: the sheer, gut-wrenching stress of personal finances. And that stress? It doesn’t stay at […]
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Think about your office for a second. You probably have a fully stocked first aid kit for physical injuries. A cut finger? No problem. A headache? There’s ibuprofen in the cabinet. But what happens when an employee is having a panic attack at their desk? Or when a team member seems withdrawn and overwhelmed, showing […]
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Fintech firms need to reevaluate their income sources and business strategies because of changes in the market environment which leads them to apply a shrink-to-grow approach like Scalable Capital’s elimination of their UK and Swiss offices to strengthen their presence in local markets. Digital platforms expedite documentation and approval procedures for small- to mid-sized businesses […]
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Companies operating globally often face currency risks when importing and exporting, which can increase costs while decreasing revenues based on changes to one currency relative to another. Businesses can utilize various strategies to successfully mitigate risk. A combination of natural hedging, financial instruments, diversification and strategic planning may help manage risks and enhance performance. Transaction […]
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Businesses must effectively manage risk to ensure profitability and protect assets, but certain risks cannot always be avoided. There are various strategies you can employ to reduce investment risk, including avoidance, reduction, transference and acceptance. It is crucial that you regularly review and document the results of your mitigation plans. Risk Avoidance Before embarking on […]
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Entrepreneurial Orientation (EO) is an essential factor that positively influences entrepreneurial performance; however, its effect can only be felt via business model innovation. This study investigates the underlying mechanism by studying 288 new entrepreneurial enterprises. Results demonstrate that business model innovation fully mediates between entrepreneurial orientation (EO) and performance; with market orientation acting to moderate […]
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Understanding consumer psychology informs successful business because it allows companies to better align their marketing and selling activities with what consumers want and are willing to part with their money for. Here are five important steps consumers go through while they decide what to purchase. We will examine each of these five steps: problem recognition, […]
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Human resources (HR) has transitioned from compliance-focused support for employees, to helping support an organization and its workforce as a whole. To do this effectively requires HR using technology to fulfill many transactional functions for multi-generational workforces. Attracting top talent requires taking advantage of technological innovations, cultivating an employee-centric environment and nurturing a culture of […]
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Establishing DEI metrics are essential to measuring the effectiveness of company initiatives, identifying disparities and setting measurable goals. They also support transparency, compliance with regulatory requirements and creating an inclusive work environment. Start by monitoring employee retention rates and comparing the learning and development opportunities available across each group. Next, conduct surveys to unearth any […]
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Small businesses tend to handle sensitive data, making them the perfect target for cyber attacks. Customers’ personal and financial details are stored, giving hackers the ability to gain entry and steal precious information. Cybersecurity is an ongoing process that must be put in place and upheld, or your business could face dire repercussions such as:. […]
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