Enterprise Sustainability – Cash and Context The COVID pandemic impact hit hard and fast. Before the government could roll out supportive mechanisms in response to the pandemic, many businesses simply ran out of cash along with options that could have kept their doors open. No one could have fully foreseen COVID-19’s economic impacts, but many …
Tag Archives: operational advice
22
Jul
Jul
Nonprofit leadership can be particularly hard-hit by unforeseen crises. In most instances, they face these challenges with lower financial reserves than most – reserves that could help them weather the storm were they more substantial. As supporters and contributors contend with personal and business concerns of their own, fundraising efforts languish and donations drop. As …
13
May
May
This post on navigating crisis is co-authored by Ashford Chancelor, Dallas Practice Manager & Consulting CFO with vcfo, and James Savage, CEO at Kingsbrae Global, a corporate brand reputation and communications firm based in Dallas. How Businesses Can Navigate Crisis to a Path of Prosperity In a previous blog, we wrote about the four historical …
11
May
May
Click here to view the recorded webinar. How should businesses respond to broad cyclical changes to our economy and society as we move from a season of crisis to a possible season of “high”? Could your company find itself on the wrong side of history’s creative destruction loop and black swan events? After 2020, is …
19
Mar
Mar
Charting the Course in a Changing Business Environment Late in 2020, I published a post that focused on how history informs business strategy. It provided a primer on insights introduced in The Fourth Turning, a book authored by William Strauss and Neil Howe. In short, the authors comprehensively examined events and tides that have unfolded …
05
Feb
Feb
“Slow down to speed up.” You’ve heard this before, right? And, “You don’t know what you don’t know.” These familiar phrases are often used in life, and are applicable for business as well. Two places these phrases surface in business are during rapid growth and in a sudden crisis. Most companies grow organically. In the …
15
Apr
Apr
A lot has changed since January 21, 2020, when the U.S. announced the first confirmed case of the COVID-19 virus on its soil. Like every aspect of society, business leaders and their employees continue to cope with the impacts. And as weeks turn to months with no clear sign of when normality will resume and …
24
Jan
Jan
When businesses are in their early stages, owners and leaders have to make many decisions on what they can and cannot invest in to move their business forward. For their HR functions, their focus is often on covering only what has to be covered, such as payroll processing or basic onboarding and compliance. Depending on …
15
Aug
Aug
By Teresa Foltz and Kelly Wells Originally published August 5, 2019. Paid-sick-leave mandates for private employers continue to gain momentum across the United States. While there is presently no such mandate at the federal level, eleven states and even more individual cities (as of the date this post was published) have enacted some form of …
23
Jul
Jul
Retention 101: Benchmarking Employee Compensation People power businesses and labor costs typically represent a company’s highest expenditure. It’s imperative that employers understand how their respective job roles are valued in the market and how that compares to their own compensation practices. Employers reach this understanding through the practice of compensation benchmarking. Also referred to as …