Organizational financial planning for manufacturing has been rigorously tested by COVID-19. In the face of a significant and singular disturbance, predictions and models based on conventional historical data were unsuccessful. Although anticipating cash flow is crucial to a company’s future, finance and accounting departments quickly withdrew and turned their attention elsewhere. Could more have been...
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Faber Infinite
Innovation is a crucial factor in business growth and success. It’s the ability to develop new ideas and turn them into profitable ventures, products, or services. However, innovation requires a culture that nurtures creativity and encourages people to take risks and experiment. Let’s discuss how to build a culture of innovation in your workplace. Defining...
As a responsible employer, it is imperative to acknowledge that your employees are the backbone of your organization. A happy and healthy workforce is directly proportional to enhanced productivity, better job satisfaction, and increased retention rates.  However, fostering happiness and well-being in the workplace is easier said than done. But how do you create a...
Leadership is a complex, multifaceted concept, but one of the most important qualities of a successful leader is self-awareness. Self-awareness is the ability to identify and comprehend one’s own thoughts, feelings, and behaviors. It enables leaders to gain a deeper understanding of their strengths and weaknesses, and how these impact their team members, colleagues, and...
Delegating is a crucial skill for any leader who wants to be successful. It allows you to delegate tasks to your team members and empower them to take ownership of their work, freeing up time to focus on higher-level priorities. Â But delegating tasks is not as simple as assigning work to others. It requires...
Leadership is a delicate balancing act between achieving organizational goals and caring for the needs of the people who make it happen. Mindful leadership has emerged as a new paradigm that combines compassionate leadership with accountability, resulting in a highly effective leadership style.  Mindful leadership focuses on cultivating self-awareness, empathy, and emotional intelligence while holding...
As we navigate the post-pandemic digital environment, virtual teams have become the new normal for many organizations. With the shift towards remote work, managers are now tasked with finding effective ways to build trust within their virtual teams.  Trust is a fundamental ingredient in any successful team, and it can be particularly challenging to establish...
Inclusion is an essential component of any successful workplace. It refers to the ability of employees to feel valued and accepted, regardless of their race, gender, religion, or any other characteristic that makes them different from others. Building a more inclusive workplace is crucial not only for ensuring fairness and equality but also for improving productivity,...
As a leader in an organization, maintaining balance is critical for achieving success. Balancing work, personal life, and responsibilities as a leader can be challenging, but it is essential to maintain productivity, engagement, and overall well-being. Let’s discuss some strategies and tips on how to maintain balance as a leader in an organization. 1. Set...
As a leader, you may have heard the term “constructive criticism” before, and you may understand that it is an important part for your team’s development. However, you may not fully realize just how essential it is to promote constructive criticism in your organization.   Constructive criticism is a crucial aspect of personal and professional growth....
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