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5 Biggest Supply Chain Trends in 2019

For top businesses, supply chain management (SCM) can only be viewed in the context of maximizing strategic competitive advantage.

In the midst of a projected global economic slowdown in the next few years and heightening trade wars between trade giants, supply chain trends in 2019 have focused on minimizing risks from volatility while optimizing the supply chain. A labor shortage across the supply chain and rising automation can be seen as the driving force for innovation in SCM. The capacity of businesses to adapt to creating ‘digital supply chains’ can make or break their lead.

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Workplace Burnout

I’ve been on both sides of the career spectrum – working for a corporation and wondering why I come to work every day other than earning a paycheck, as well as owning my own company and being totally frustrated at the challenges of all that business ownership entails.  Both sides of that coin have the potential to cause workplace burnout over time.

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5 Key Things Leaders of High-Performance Teams Do

One of the best things business leaders can do is build quality teams. Working with a great team can be an exceptionally productive and satisfactory experience. People look forward to coming to work every day when their teams are energetic and motivated, not to mention willing to be pushed to complete projects and achieve goals that seemed too difficult. A definite advantage of being part of a driven team is that they will always have each other’s back.

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Why You Should Consider an Employee Assistance Program

EAPs Increase Productivity and Engagement

EAPs, or Employee Assistance Programs, are fairly common in 88% of Fortune 500 companies, according to Sarah Gallo in her article on Training Industry.  A white paper by William White and David Sharer shows that EAPs in one form or another can be traced back to the late 1700s due to a heavy drinking culture within certain occupations that often led to employees becoming alcoholics, thus negatively affecting their performance levels over time. By the late1980s EAPs became more formalized and expanded to address drugs, behavioral health issues, and work-life/dependent care situations.

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How to Work with Someone Who is Always Right

Imagine this scenario:  A team is busy working on a new goal and all of a sudden, an unexpected obstacle shows up, forcing everyone to stop dead in their tracks. An emergency meeting is called to brainstorm options in order to determine a solution. As each person enters the conference room, they sigh inwardly, wondering how long it will take for “that team member” to have an idea and latch onto it like a dog with a bone, refusing to look at any other suggestions but his own.

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New Hire Success – Effective On-boarding Tips You Should Practice

New hire success is one of the greatest desires of any entrepreneur. This is because the process of onboarding a new employee can be daunting, especially for small and mid-sized businesses. The time, energy and financial resources companies spend in the process of recruiting and integrating new hires can be enormous, and any mistake made along the way may be counterproductive for business growth and sustainability.

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7 Tips for Better Employee Development Throughout the Year

It takes considerable resources, time and a lot of effort to shortlist and hire a talented pool of employees. But hiring the right people is just the start. The best companies continually develop their staff. Talented and skilled employees will tend to depart when they start feeling undervalued, unappreciated or if their role does not have the professional satisfaction they sought when they came on board.

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A Step-by-Step Approach to Successful Business Goal Setting

Strategic business goals are important achievements to make in any organizational strategy. Goals are the objectives which need to be accomplished over the set time frame of, say, one year or three years, which link directly to the initiatives and measures you take. Here are some standard goal setting examples for business leaders to consider.

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Debt Management – Refinancing vs. Consolidation

When you make the move towards streamlining your business’ debt, you can explore some effective options, especially if you are a small business. There are two main options for managing your debt: Debt Refinancing and Debt Consolidation. Both options are vital and effective methodologies to organically restructure your company’s finances, especially the loans you have taken out. You may have heard refinancing and consolidation being used interchangeably, but there are some stark differences between them; let’s take a closer look at these.

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