Let’s flash back to the beginning of last year: while business seemed to be running normal at the start, steady changes in consumer behavior and a flood of unusual headlines serve as an indicator to the event no one expected. Jump a few months further, we suddenly began closing the doors of our businesses and...
Supply chain segmentation refers to a process where suppliers and customers are segmented into groups depending upon certain factors. Such segmentation allows supply chain management the ability to allocate resources appropriately to meet the needs of different supply chain segments. Supply chain segmentation is not new. In the 1980’s, Peter Kraljic developed a two-by-two matrix...
SPAC vs IPO An initial public offering (IPO)- or stock market launch – is a type of public offering where shares of a private company are sold to institutional investors and retail (individual) investors for the first time; an IPO is underwritten by one or more investment banks, also known as the underwriting syndicate, and...
Once their business reaches a peak of success in its core industry, many business owners look with enthusiasm to expand their brand into other industries. If this is how you feel at the moment, hear us out before proceeding. The Covid-19 pandemic and it’s counterparts have introduced new methods of working, living, and socializing; resulting...
Earlier this month, we explored the unique ways in which the Covid-19 pandemic – and it’s government-related business assistance – now question the true valuation of a company. In the wake of today’s scandal related news, where the co-founder of a venture-backed startup has been charged with inflating the company’s revenue to convince investors to...
Cyberattacks have been flooding media headlines lately – but have you noticed the other momentum fueled reports gaining rapid attention? Possibly, these other, more ample headlines cover record funding rounds by companies aiming to protect against all of these cyberattacks. Startups in general have experienced a remarkable explosion in funding this year but cybersecurity seems...
Why Assumptions Start It’s easy to make assumptions. All you need is incomplete information about a situation and an unwillingness to ask the questions you need to complete the information. In the absence of complete information, your assumptions run wild and you begin filling in the blanks yourself. Ninety nine percent of the time, you...
Technology continues to evolve at impressive speeds while dramatically enhancing our daily, school, and working lives. (and eliminating many professions in the process) Technological achievements we wouldn’t have thought possible in the past-self driving cars and personal computers in our hands- are standards for the newer generation. While it’s doubtful most of us would prefer...
By now, it’s well proven that eating a nutritious lunch increases your productivity and improves your focus throughout the day; but did you know that where you eat can also directly effect your health? In America, a false misconception implies the notion that the more work you do the better, encouraging individuals eat their lunches...
The role of middle managers aims to strengthen aspiring leaders with the eventual intent to launch them towards a dynamic role in senior management. To reinforce their abilities for destination success, this role should present new opportunities focused on educating while in a lower risk position. Unfortunately as the name implies, a middle stance-above...
Pragmatically, any diligent business owner operating with a sensible judgement will want to know the current value of their business. However-either through sheer laxity or plain ignorance-the majority of business owners tend to drop this assignment to the very bottom of their to-do lists. Reflecting back to yesterday’s blog post where we defined how the...
Whether the company you lead and/or work for has extended the remote working process or not, facts reveal that a majority of companies are bringing back their workers to the workplace. Depending upon various contributing factors, you may feel enthusiastic to get back to the office or dread the whole idea. While some feel apprehension...
As a small to medium sized business owner, you frequently learn from your successes and personally develop from your mistakes; a fact of any business-you need money to sustain your business and allow further growth. While many small to medium sized businesses still find themselves repairing the damages left by mandatory shutdowns last year, a...
In your opinion, which particular skill sets an exceptional leader apart from an ordinary manager? Demonstrated and proven by a countless number of employee-directed surveys, the answer involves a more personal attribute-the ability to connect with your employees. With a national labor shortage reinforcing the conversation of burnout and an increasing rise of mental health...
For too far too long, discussions pertaining to mental health-primarily in the workplace-has been carelessly swept under the rug in fear of initiating awkward conversations and acknowledging a challenging issue. Currently, with a high percentage of America’s population still expected to work remotely and an unwavering economy questioning the lifespan of their job, mental health...
Largely created by the Covid-19 pandemic, present-day shifts in organizational trends accentuates how different leadership styles impact the effectiveness of your efforts. While several different leadership styles exist in today’s world, the most effective one directly depends on you and your team culture. Becoming a good leader requires a great deal of time, patience, and...
As we head into the weekend after an accomplished week of work , it’s exciting to anticipate how we’re going to spend these extra moments away from the workplace-social or not. Here at MCDA, CCG, we have a general agreement in preference to stay around our personal homes on a clear and empty weekend....
Earlier this week, we addressed the serious matter of purchasing a franchise and included a practical checklist for you to complete before reaching for your wallet. Once you’ve COMPLETED this checklist and further notice overall weakness in your answers, we highly recommend that you go back to step 1 and re-do the work. If,...
The demand in the manufacturing world is hot. As ambushed businesses in this industry continue hustling to keep up with ever increasing demand, the slightest mistakes can incur significant costs in reparation. To maintain a continuous quality level of execution, each team member must adhere to their own designated responsibilities- and with many similarities surrounding...
Following a pandemic-driven period influencing the boom in today’s economy, many franchise-owner aspiring individuals are questioning how to best prepare to purchase one. While a few elements have shifted in light of the pandemic, the same crucial preliminaries still hold-it’s just a matter if you decide to do them. To better position you on a...
Sparked by the modern wave of entrepreneurship, more problem solving individuals are starting their own businesses than ever recorded-and with innumerable resources offered by the internet, this number is only growing! Stopping at nothing to improve the world, more people are advancing into the world with their fresh perspectives and eagerness to march with the...
Unlivable conditions, meager compensation, unpredictable hours, and zero advancement opportunities fuel the sharp spike of quitting retail workers across the country. While American workers are quitting their jobs in droves to pursue better opportunities, the retail industry continues to supersede any other sector in this resignation crusade. A tremendous-and still increasing-350,000 retail workers put in...
As the digital era tempts us in offering closer looks into our personal lives where we interact with others in a less than formal manner, delicate subjects quickly intertwine with appropriate topics. Furthermore, day-to-day usage of increasingly popular social media platforms combined with opinions of our country’s direction makes it difficult to prevent politics in...
In today’s complex environment, organizational problem-solving methods demand regular improvement based thinking to move towards a long term goal. “Kaizen”, a Japanese word, translates as “change for better” and refers to the activities used to continuously improve business processes. Furthermore, a kaizen event is a short term business improvement process aimed to resolve problems in...
Do you have a know-it-all on your team? With the tendency to barrel through work related tasks while disregarding feedback from the rest of the team, sub par know-it-all’s create overall quality concerns and frustration from the rest of the team. Additionally, heightened obstinacy creates difficulty when trying to provide feedback to these individuals to...
