[WEBINAR] January 28: How to Grow Sales with Impactful Software
Business Strategy

[WEBINAR] January 28: How to Grow Sales with Impactful Software

CRM stands for Customer Relationship Management and has one main goal: To improve your business’ relationships. When applied correctly, a CRM system can automatically collect, organize, and prioritize your database of current customers, as well as highlight potential new customers based on collected data. A CRM system aims to benefit the sales, customer service, marketing,…

What is Directors’ and Officers’ Liability Insurance?
Business Strategy

What is Directors’ and Officers’ Liability Insurance?

Unlike a commercial general liability insurance (CGL) policy that provides coverage for claims arising from property damage and bodily injury, a directors’ and officers’ liability (D&O) policy specifically provides coverage for a “wrongful act,” such as an actual or alleged error, omission, misleading statement, neglect or breach of duty—which can include Fiduciary Duty, Negligence Duty…

Risk Management Strategy: Contingent Business Interruption Insurance
Business Strategy

Risk Management Strategy: Contingent Business Interruption Insurance

Just one brief business interruption can be incredibly costly for an organization, often leading to serious reputational damages or long-term closures. Standard business interruption policies are vital in these instances, providing protection against a variety of common interruptions, including natural disasters, equipment damage, and vandalism. But what happens when one of your suppliers or customers…

How to Leverage Training for a Successful ERP Implementation
Business Strategy

How to Leverage Training for a Successful ERP Implementation

The relationship between training and Enterprise Resource Planning (ERP) implementation is often understated. With implementations, the understanding usually lies with the consultant as they guide you through the process. There is an inherent learning experience that is happening. The question is, is that all you need to learn the platform? Canadian manufacturers know how critical…

Could Hiring a Consultant Spur Growth & Lower Stress for Your Business?
Business Strategy

Could Hiring a Consultant Spur Growth & Lower Stress for Your Business?

The demands on business owners, especially those of small or early-stage firms, can be intense. Such owners may find themselves having to play the roles of VP Finance, Head of HR, Director of Sales, and IT Specialist, all at once. With so many hats to wear, business owners can quickly run out of capacity to…

The Value of a Humanities Degree in the Workforce
Business Strategy

The Value of a Humanities Degree in the Workforce

As an undergraduate student studying history, I was frequently asked: “So, are you going to become a teacher?” Later, as I continued my study of history in graduate school, this question evolved slightly: “So, are you going to become a professor?” The terminus of both pointed but well-meaning questions was the same – the assumption…

Develop Your Supply Chain Risk Management Strategy
Business Strategy

Develop Your Supply Chain Risk Management Strategy

While lean production has become a cornerstone of successful supply chain management and a way for businesses to stay flexible and responsive to changing tastes in their markets, the dependence on—and relationship with—suppliers resulting from outsourcing and minimizing stock creates a host of exposures. Successfully navigating and managing the risks presented by a complicated supply…

Request for Proposals: How to Respond to the Right RFP
Business Strategy

Request for Proposals: How to Respond to the Right RFP

Procurement tenders are an extremely common way of soliciting proposals for a project. In addition to being one of the main ways of doing business with the government, many private companies also use a Request for Proposal (RFP) process to narrow their focus for vendors for a project. Request for Proposal response and bid submissions…

Project Management Strategies for Non-Project Managers
Business Strategy

Project Management Strategies for Non-Project Managers

Project Management is a critical function in many businesses. Even in companies that aren’t projectized, it’s probable that you’ll deal with many projects throughout the year. In an ideal situation, you’ll have access to a full Project Management Office (PMO), dedicated resources, and all the tools needed to successfully deliver on a project. Realistically, it’s…

Project Failure Risk: Mitigation and Control Strategies
Business Strategy

Project Failure Risk: Mitigation and Control Strategies

Projects fail. They fail all the time. We accept their failures and we accept the failure rate as part of business. Per the Standish Group’s CHAOS report, only about 30% of projects 2011-2015 were completed on time and on budget, over 50% were  outright cancelled. What does this mean? An overwhelming majority of projects do…