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How Small Business Owners Can Navigate Inflation and High Interest Rates

Business and Tech

Here are three things small business owners can do now to navigate the changing economic landscape: 1. Frequent comparisons of your budget/projection to your actual performance helps you identify where your thinking was on target, and where it might have missed the mark.

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How to Influence People and Drive Change

Leapfrogging

What can you learn about change from Baker’s Four Strategies of Influence? In comparison, a pull style of persuasion requires the use of more subtle persuasion tactics which are designed to draw people in before making a specific point or reaching a certain objective. By UpBOARD.

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Pygmalion effect: The self-fulfilling prophecy

Idea to Value

Often, and authority figure placing higher expectations on someone, like a teacher having high expectations for a student, or a manager having high expectations for an employee, can result in both the authority figure and the person in question changing their behaviour, perception of challenge and ultimately the success of their efforts.

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Is it Possible to Outpace Disruption? Definitely.

Daniel Burrus

When you recognize that things change ever so rapidly in the world, you may already feel disrupted before anything has even happened. Making a change to your business or organization to make it relevant in the exponentially changing world of today means you are already behind. This may be a crazy comparison, I know.

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You can't burn data

Jeffrey Phillips

As the concept of digital transformation takes root, you may frequently hear comparisons between data and oil. This comparison was strong enough to lead Wired magazine to define data as the new oil in a magazine article some years ago. On the surface, this comparison seems to make some sense.

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At the digital transformation and innovation crossroads

Jeffrey Phillips

Most corporations are struggling to comprehend the changes in front of them, but at the same time are so fixated on short term thinking that they struggle to see the tsunami that is emerging just over the horizon. Change is being thrust upon them. The corporations didn't change. This is a dramatic business model change.

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Toxic Competition in the Workplace

CMOE

Periods of significant change or inadequate leadership efforts can also produce win-lose scenarios that create space for toxic, individualistic attitudes. Shift the focus from comparison between team members to that of one’s past achievements. These incentives must be fair and transparent in how and why they’re distributed.