How to prepare your business for the German Supply Chain Due Diligence Act

How to prepare your business for the German Supply Chain Due Diligence Act

German supply chain lawGlobal supply chains are incredibly complex, crossing multiple countries and borders. This complexity brings many challenges for businesses, including managing overseas suppliers, maintaining the flow of goods, and navigating currency fluctuations. One of the biggest challenges is the growing number of supply chain laws that companies need to understand and meet. More →

Reinventing procurement for a post pandemic world

Reinventing procurement for a post pandemic world

smart procurementMost businesses have undergone some form of digital transformation over the last two years simply to remain afloat. This has typically involved a total shift to the cloud, the relocation of inhouse comms rooms to co-location facilities, or incorporating remote login functionality into core IT systems to support home/hybrid working. Whilst 5G, all fibre broadband and cloud computing have been gaining traction for a while, the pandemic has given agile working a turbocharge. This change has resulting in businesses relocating to smaller premises with flexible, more appealing leasing contracts. Hybrid working has also affected many internal departments, none more so than procurement which has been totally transformed More →

Despite low productivity, UK firms still don’t look for ways to improve on past performance

Despite low productivity, UK firms still don’t look for ways to improve on past performance

low productivity

Despite the UK’s persistent low productivity, less than a fifth of business owners are actively looking back at projects to identify areas for improvement. A large proportion of business owners (65 per cent) and senior managers (82 per cent) have increased their use of project-based methods on everyday tasks, such as introducing measures to identify and manage risk. Despite this, many are still failing to assign enough dedicated project managers to the work. New research from the Association for Project Management (APM)  claims that only 35 per cent of senior managers who participated in the survey regularly assign dedicated project managers to tasks, and only a quarter for business owners. More →

Corporate jargon is damaging your business

Corporate jargon is damaging your business

corporate jargon

Between the stressful daily commute, the awkward small talk by the coffee machine and the endless hours of face-to-face meetings, there are many things that are unfortunately slowly creeping back into our daily lives as we gradually start heading back to office life. One thing in particular that we have all been dreading is the feeling of utter bewilderment and exasperation when colleagues spout buzzwords and phrases like ‘paradigm shift’, ‘low hanging fruit’, and ‘thinking outside the box’. Corporate jargon is everywhere and we’ve all succumbed to using it at some point in our professional lives, whether it was to ‘leverage a results-driven approach’, ‘give 110%’ to ‘make sure the juice is worth the squeeze’, or ‘circle back’ on an email or conversation. More →

Building workplace resilience in a changing environment

Building workplace resilience in a changing environment

workplace resilienceFor decades, it has been agreed that change is a constant. So, doesn’t it stand to reason that before a change or crisis happens, an organization should have the ability and resilience to transform? In the McKinsey report, The resilience imperative: Succeeding in uncertain times, resilience is defined as, “the ability to withstand unpredictable threat or change and then to emerge stronger.” In other words, it is the ability to sustain and endure. And it applies just as much to workplace resilience as any other element of the organisation. More →

New business climate demands agility from managers, report claims

New business climate demands agility from managers, report claims

new business climate demands agilityA new report, The Big Reset Playbook: Change Agility (registration) from work trends analyst The Josh Bersin Company, claims that traditional approaches to change management have often fallen short of expectations, and that new workplace practices based on agility are now needed to manage change in a new business climate.  According to the report ‘businesses are looking to tackle the challenge of managing change in a new reality that includes the shift to hybrid working, globalization and The Great Resignation’. The research claims that in companies that successfully manage change, leaders and high performers reinforce the company’s mission and purpose, explain how their reinvented business models work, create cross-functional teams to design and implement change, and maintain forward momentum.  More →

Business ethics boosted by pandemic

Business ethics boosted by pandemic

business ethicsEntering the third year of a pandemic, more professionals responsible for business ethics and compliance worldwide say that their ethical culture is more potent as a result of the COVID-19 pandemic, according to the latest annual Ethics and Compliance Program Effectiveness Report from LRN. But, while values and ethics helped sustain companies during the pandemic, new areas of concern have emerged. And, there is a significant gap between companies with high-impact ethics and compliance (E&C) programs and those with low-impact ones. The top-ranked programs were proactive, utilised available resources, and made their programs more accessible to employees. High performing organisations also scored 27 percentage points higher than low-performing ones when it came to weathering COVID. More →

Half of business leaders now paralysed by decision making

Half of business leaders now paralysed by decision making

decision makingHalf (48 percent) of UK C-suite leaders now feel less confident making business-critical decisions compared to before the pandemic, according to a report (registration / promotion) commissioned by Treasure Data. The survey of 500 business leaders in the UK the impact the pandemic has had on leadership decision-making, and reviews whether these decision making processes are fit for purpose in a new era of unpredictability. More →

Firms that invest in sustainability are more resilient, research claims

Firms that invest in sustainability are more resilient, research claims

resilience and sustainabilityInvesting in sustainability increases the resilience of small and medium-sized enterprises (SMEs) because they become more creditworthy, according to new research conducted by Vlerick Business School and commissioned by ABN AMRO.  Although large companies are under scrutiny from regulators, consumers and the media to become more sustainable, the sustainability transition is unachievable without the involvement of SMEs. Especially since SMEs constitute more than 60 percent of the value-adding economic fabric in Europe. More →

Company culture, linked to share price, funding success and growth

Company culture, linked to share price, funding success and growth

cultureA new research report from Culture Amp, claims that company workforces’ overall confidence as well as employees’ belief in their leaders are the biggest differentiators when it comes to achieving sustained stock price increases between July 2020 and June 2021. More →

Poor data means most property investors fail to consider human health

Poor data means most property investors fail to consider human health

human healthProperty investors are not considering how the indoor conditions of a building will impact upon human health due to poor data, a new survey suggests. The ESG Data Challenge survey, which details the views of 121 real estate investors and professionals, claims there were serious issues in the quality of environmental, social governance (ESG) data being received, with many doubting its quality. More →

Corporate boards struggle to act on climate change

Corporate boards struggle to act on climate change

climate changeHeidrick & Struggles (Nasdaq: HSII) in partnership with INSEAD, have published a report titled Changing the Climate in the Boardroom. The report addresses corporate leadership’s take on climate change, what boards around the world are currently doing to address climate change, and what they should be doing moving forward. More →

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