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Perhaps one of the biggest pitfalls that a new entrepreneur can fall into, however, is getting in bed with the wrong business partners, or becoming a bit too embroiled in shady dealings, alongside unscrupulous companies.
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These days you’re likely doing a lot of business and performing your tasks online. While the Internet can be an extremely beneficial way to run your company, it also comes with its downsides.
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Intent, like beauty, is held in the eye of the beholder. Organizations employ policies practices, and procedures as a way to promote consistency in behaviors among executives, managers, and employees. However, no documented directive can cover all circumstances and some accepted practices simply reside in the minds of the workforce. Consequently, leeway is typically given for the application of judgment to tailor directions to the particulars of a situation so long as the intent of the documented directive or accepted practice is met. It is within this gray area of intent that one possessing legitimate positional authority can exert power for the furtherance of his or her objectives.
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Each of the six personal powers commands a level of influence relative to the value it creates. Yet one of these powers trumps all others regardless of the situation. Consequently, extreme care and deliberation must be exercised when dealing with those possessing this power.
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Weak analogies are used to support business decisions every day. As with all logic errors, decision-makers fall prey to the appearance of reasonableness, especially when the position supported justifies their desired course of action.
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What You Should Do If an Employee Has an Accident at Work
/in Risk Management/by StrategyDrivenDespite all the precautions and safety measures put in place at your place of work, accidents can and do happen.
3 Reasons to Be Careful about the Companies You Do Business With
/in Entrepreneurship, Managing Your Business, Risk Management/by StrategyDrivenPerhaps one of the biggest pitfalls that a new entrepreneur can fall into, however, is getting in bed with the wrong business partners, or becoming a bit too embroiled in shady dealings, alongside unscrupulous companies.
Ideas For Keeping Your Small Business Protected Online
/in Entrepreneurship, Managing Your Business, Risk Management/by StrategyDrivenThese days you’re likely doing a lot of business and performing your tasks online. While the Internet can be an extremely beneficial way to run your company, it also comes with its downsides.
The Importance of Risk Assessment in Business
/in Risk Management/by StrategyDrivenBusiness risks come in many shapes and forms and can come from both internal and external sources.
Effective Strategies For Business Growth
/in Strategic Planning/by StrategyDrivenAs a business owner, you will always want to be making strides forward to help your company to grow and reach the next level.
Business Politics Practices – Manipulating the Intent
/in Business Politics Practices, Premium/by StrategyDrivenIntent, like beauty, is held in the eye of the beholder. Organizations employ policies practices, and procedures as a way to promote consistency in behaviors among executives, managers, and employees. However, no documented directive can cover all circumstances and some accepted practices simply reside in the minds of the workforce. Consequently, leeway is typically given for the application of judgment to tailor directions to the particulars of a situation so long as the intent of the documented directive or accepted practice is met. It is within this gray area of intent that one possessing legitimate positional authority can exert power for the furtherance of his or her objectives.
Six Security Strategy Tips for Your SME
/in Risk Management/by StrategyDrivenTo ensure that your SME is protected from security threats, there are various strategies that you can implement
Culture Change – Slow Down to Go Fast
/in Corporate Cultures/by Wendy LoewenTaking the time to slow down and plan improvements to workplace culture also produces more effective results down the line.
Business Politics Players – The Personal Power That Trumps All Others
/in Business Politics Players/by StrategyDrivenEach of the six personal powers commands a level of influence relative to the value it creates. Yet one of these powers trumps all others regardless of the situation. Consequently, extreme care and deliberation must be exercised when dealing with those possessing this power.
Decision-Making Warning Flag 1b – Weak Analogies
/in Decision-Making, Premium/by StrategyDrivenWeak analogies are used to support business decisions every day. As with all logic errors, decision-makers fall prey to the appearance of reasonableness, especially when the position supported justifies their desired course of action.