Pursuing an MBA is a defining moment in the professional journey. It can impact everything from job titles and salary potential to your future network and career trajectory. At online MBA programs, students connect with driven peer professionals from diverse backgrounds. These individuals are the foundation for a solid and empowering network.
Developing a Strong Foundation
Determining how the curriculum is delivered is essential when evaluating online accredited MBA programs. Look for courses that incorporate discussion, collaboration, and faculty mentorship opportunities. Also, ask how often students are connected to their professors and peers, if there is an online student community, and what technical requirements are needed. Consider the overall cost, as well. Online MBA programs typically offer lower tuition rates, which makes them a more affordable option for aspiring business leaders.
In addition, online MBA programs give aspiring business leaders the flexibility to study at their own pace. It gives them the freedom to meet their school, work, and family commitments and can help them maintain a healthy work-life balance. It is a valuable leadership attribute for future employers to see. Recruiters may notice that your ability to manage multiple priorities and responsibilities shows you have the discipline to succeed in an online MBA program.
Networking Opportunities
Many MBA programs include networking opportunities within their curriculum and through student clubs and events. These networking opportunities allow students to connect with fellow students, alums, and industry professionals. It helps students build a solid professional network that they can use to find career-related advice or job leads. Students pursuing an online MBA program should consider the level of networking their program provides before deciding to enroll. Networking is essential for all students, especially in a business field where connections can open doors to future career opportunities.
Students should also ask about the level of in-person interaction available through their MBA program.
Developing Leadership Skills
A top online MBA program will train you to be a better leader. These programs typically have students and professors from different backgrounds who interact with one another during their studies. Exposure to various people will help you build your network organically. Additionally, studying in an online MBA program requires a high level of self-discipline. Students must work on their coursework and keep up with their other professional commitments. Developing the skills needed to be a good time manager will help you achieve success as a future leader. Leadership development also includes learning to be more sympathetic and inspirational to your team. Southeastern Oklahoma State University online uses a reflective approach to teach this, so you will be able to be more aware of your shortcomings. It will allow you to be more supportive when your team makes a mistake and motivate them to improve constantly.
Developing a Strategic Mindset
A strategic mindset is essential for business professionals to develop as leaders. This mindset helps them see things from different perspectives and approach challenges holistically, which is necessary for business success in today’s changing landscape. The key to developing this mindset is having a thirst for knowledge and an open mind that encourages creative thinking. It could be anything from learning new skills to exploring unconventional methods that may yield better results. To develop a strategic mindset, business professionals can focus on actively listening to other points of view and asking targeted questions. They can also work to become more comfortable with uncertainty and ambiguity and find ways to ensure that everything they do, from a social media post to a market research paper, generates maximum value. They can even challenge assumptions rooted in cognitive biases to ensure their decisions are grounded in rational analysis.
https://www.strategydriven.com/wp-content/uploads/pexels-vlada-karpovich-4050319.jpg8541280StrategyDrivenhttps://www.strategydriven.com/wp-content/uploads/SDELogo5-300x70-300x70.pngStrategyDriven2024-01-23 20:00:472024-01-23 19:47:42How Online Accredited MBA Programs Can Shape Your Leadership Journey
Albert Einstein once said, “If I had only one hour to save the world, I would spend 55 minutes defining the problem, and only 5 minutes finding the solution.” Einstein implies that scientific advances come not so much from thinking up new solutions as from formulating problems in new ways or seeing them from different angles.
When it comes to entrepreneurship, Einstein’s emphasis on problem definition is spot on. Indeed, a strong definition of the customer’s problem is essential in creating a winning business solution. However, customer problems are typically not formulaic like scientific problems. Most people struggle with addressing complex problems because they don’t know where to start, which often leads to knee-jerk definitions of the problem. This usually isn’t a wise move. Due to the nature of complex problems, quick decision-making can cause a person or team to miss very important, but not obvious, factors in the situation. Solving complex problems requires slowing down and considering the different variables involved and how they interact.
Defining the problem demands a very organic approach in which unexpected issues can emerge that bring new perspectives on the problem space. Rarely will there be a single “correct” problem. In fact, most problems are interrelated to a set of different and potentially useful challenges.
Such organic problem definition utilizes two tools to successfully capture the customer problem space: challenge statements and challenge mapping.
Challenge Statements
Framing problems into challenge statements is one of the most important skills in problem definition. The phrase, “How might we?” is the powerful phrase that transforms converged facts into actionable challenges.
For example, a fact such as, “The customer prefers to shop with others as a group experience,” can be converted into the challenge statement, “How might we make our store more inviting for groups to shop?” Seeking possible solutions — including those beyond the obvious — is a critical practice in creative problem-solving. Therefore, we might also convert the fact into “How might we design the store layout to be more comfortable in dressing room areas?” or “How might we provide customer attention geared to groups and not just individual shoppers?”
These are just a few examples of the challenge statements that could be derived from this fact. There are potentially many more.
Challenge Mapping
Challenge mapping enables you to get a 50,000-foot view of the problem space instead of being mired in one particular aspect of it. In crafting the challenge map, gather easel paper, large Post-It notes, sticky dots, and markers. As a starting point, write a “How might we” challenge statement on a Post-It note and place it in the middle of the map.
Next, broaden your “How might we?” point of view by using a “why-what’s stopping us” analysis. For example, using the earlier retail store example in which the challenge is “How might we design the store layout to be more comfortable in dressing room areas?” ask the two simple questions, “Why would we want to design the store layout to be more comfortable in dressing room areas?” and “What’s stopping us from designing the store layout to be more comfortable in dressing room areas?”
State a specific answer to the question in a simple, complete sentence — so for the question “Why would we want to design the store layout to be more comfortable in dressing room areas?” an answer might be “So that groups will linger longer in the store.” If the other question is asked, “What’s stopping us from designing the store layout to be more comfortable in dressing room areas?” an answer might be, “We haven’t found room to put sofas and chairs near the dressing room.”
Convert the answers into new “How might we…?” statements: “So that groups will linger longer in the store” now could become “How might we entice groups to linger longer in the store?” And “We haven’t found room yet to put sofas and chairs near the dressing room” now becomes “How might we find room for sofas and chairs near the dressing room?” Asking the question “why” of a challenge and then restating the answer into a new challenge broadens your problem definition.
Write the “why-what’s stopping us” answers on Post-It notes and stick them in their appropriate locations under the “how might we” notes on the map. As you answer the questions, you may find that another answer to a “why” or “what’s stopping us” question alongside an earlier answer fits between the challenge statements. Draw arrows connecting logical connections.
The map’s organic quality enables the original “How might we” question that started on the map to become only one challenge among many. A problem space can begin to emerge by repeating the use of the “why-what’s stopping us” analysis. Each answer leads to at least one more fresh challenge that offers new insights.
A good challenge map is considered complete when participants can no longer generate answers to “why-what’s stopping us” questions. It’s now time to converge on the key problems found on it.
Ask each participant to identify the top two or three “How might we” statements on the map that, if solved, would bring great satisfaction. Have them place a dot on the two or three they consider the most important obstacles to clear.
Next, ask each person who marked the Post-It to explain (clarify) why they did so. Clarification often helps participants see the choices in a new light, so a selection that received only one dot may actually end up being chosen in the end. This is why simply voting isn’t advocated.
After clarification is complete, the group chooses the top two-to-five challenge statements to move forward.
The essence of good problem definition is that a complex problem is actually a field of connected broad and narrow problems. Successfully capturing the problem space through challenge statements and challenge mapping allows people to intuitively think about different issues around a problem. Without a process, they lack a coherent view of the big picture.
* * *
Min Basadur is Professor Emeritus of Innovation at McMaster University, Canada, and founder of Basadur Applied Creativity. Michael Goldsby is Stoops Distinguished Professor of Entrepreneurship and Chief Entrepreneurship Officer at Ball State University. Rob Mathews is Executive Director of the Entrepreneurial Leadership Institute at Ball University. Their new book, Design-Centered Entrepreneurship, Second Edition (Routledge, 2022), provides a research-driven, step-by-step approach to creative problem-solving. Learn more at https://elprofile.com/.
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Running a small business can be challenging, requiring entrepreneurs to wear multiple hats and juggle various responsibilities. While this flexibility is often necessary, it can also become a hindrance, preventing business owners from focusing on core tasks and growth opportunities. This is where outsourcing comes into play. Outsourcing tasks and functions can be a strategic move for small companies, offering numerous benefits. In this blog, we’ll explore the top jobs that small businesses can consider outsourcing to enhance their operations and competitiveness.
1. Administrative Tasks
One of the most common areas for outsourcing in small businesses is administrative tasks. These include data entry, appointment scheduling, email management, and basic bookkeeping. By delegating these routine responsibilities to a virtual assistant or administrative service provider, small business owners can free up valuable time and focus on strategic decision-making.
2. IT Support
Managing IT infrastructure and providing technical support can be complex and time-consuming. Outsourcing IT support and services to specialized firms ensures that your systems remain secure, up-to-date, and efficient. It also guarantees prompt resolution of technical issues, minimizing downtime and potential losses.
3. Customer Service
Customer service is critical for small businesses, but an in-house team can be expensive and time-intensive. Outsourcing customer support to a call center or customer service agency can provide 24/7 coverage, multilingual support, and cost-effective solutions for handling customer inquiries and issues.
4. Content Creation
In today’s digital age, content is king. Whether it’s blog posts, social media updates, or marketing materials, maintaining a consistent flow of high-quality content is essential. Outsourcing content creation to freelance writers, graphic designers, and content agencies can save time and ensure the production of engaging and relevant content.
5. Accounting and Finance
Small businesses often struggle with managing their financial affairs effectively. Outsourcing accounting and financial services to a professional firm or accountant can ensure accurate small business bookkeeping, timely tax filings, and financial planning expertise. This not only saves time but also helps in avoiding costly financial mistakes.
6. Human Resources
Recruiting, onboarding, payroll processing, and employee benefits management are vital HR functions that can be outsourced. HR outsourcing firms can handle these tasks efficiently, ensuring compliance with employment laws and freeing up your time to focus on strategic HR initiatives.
7. Web Development and Design
A user-friendly website is crucial for any small business. Outsourcing web development and design to experts ensures a responsive, visually appealing, and functional online presence, helping attract and retain customers.
8. Legal Services
Small businesses often require legal assistance for various matters, such as contracts, intellectual property, and compliance issues. Outsourcing legal services to a law firm can provide the expertise needed to navigate legal complexities while avoiding costly legal mistakes.
9. Market Research
Gathering market intelligence and conducting competitive analysis is crucial for business growth. Outsourcing market research to specialized firms can provide insights into customer preferences, market trends, and competitive landscapes.
Conclusion
Outsourcing is not merely a cost-cutting measure; it’s a strategic approach that allows small businesses to enhance efficiency and access specialized skills and resources. By outsourcing tasks and functions that are not core to their operations, small businesses can allocate their time and resources more effectively, ultimately driving growth and success in today’s competitive business landscape. So, consider these outsourcing opportunities and leverage them to propel your small business forward.
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Effective leadership depends not on your ability, but rather on your commitment to change. Your journey as a leader begins with a deliberate decision and continues through personal growth that stretches you to become far more than your natural self.
Rethinking Our Definition of Effective Leadership
Definitions of effective leadership that rely on innate qualities like “influence” and “charisma” are overly narrow. The fact is that leadership skills aren’t natural. To be a leader, you must make the conscious choice to go against the grain.
Think about how people tend to respond. When hurt, they pull away. When confronted, they back off. When challenged, they become defensive. When irritated, they lash out. Though these responses are ingrained in human nature, they often have disastrous consequences for leaders and the people they manage.
To become a great leader, you must identify the natural instincts that get in your way and strive to become a better person. When you change your reactions, you can experience genuine transformation. With enough work and practice, this higher level of behavior can become your new natural.
Effective Leadership Begins With a Choice
If you accept the fundamental premise that leadership is a choice, rather than a natural ability or a position, you must also accept its far-reaching ramifications. The choice to become a leader demands sacrifices and changes that will drastically impact your life and change who you are. Once you’ve made the decision, you can no longer do what comes most naturally.
To ensure you are ready, ask yourself three questions. First, ask why you want to lead. If your motivation is anything other than serving others, nurturing their growth, and assisting them to realize their goals, reconsider your intentions.
Real leadership isn’t about power and prestige. The road of a leader is plagued by tough calls, conflict, doubts, and fears. The downsides of leadership only balance out if you can use your role to serve others.
Next, ask if you’re willing to develop into the role. If you’re not open to examining both your strengths and weaknesses under a microscope, you put everyone under you at risk.
To grow as a leader, you must work diligently to solicit feedback from trusted mentors, reflect on what you bring to the table, and shore up flaws. People love to argue whether top leaders are born or made. While some are born with a greater helping of leadership skills, others hone their abilities, but ability is never more important than the desire for personal growth and development.
Third, ask yourself if you’re prepared for discomfort. As a leader, you’ll be the first to venture into new frontiers, routinely encounter transitions, and help your team adapt to them.
For most, the natural response to uncertainty is anxiety and stress. Consider whether challenging circumstances motivate you to shut down or to innovate novel solutions. It takes work to become accustomed to discomfort, but if you commit to lead, you can rise above that natural trait.
Develop Leadership Skills Through 52 Maxims
Once you decide to become a leader, only deliberate effort and consistent practice can enable you to rise above your natural instincts. To help you navigate this transition, we compiled 52 maxims — one for each week of the year. Along with each maxim are practical exercises to promote self-reflection and support as you initiate the change,
Essentially, you’ll learn to prioritize your team, facilitate their development, and celebrate their success. You know you’ve arrived as a leader when your team is fully equipped to take your place.
As you grow through self-reflection and trusted feedback, your newfound insight will equip you to confront conflict head-on, welcome uncertainty, and learn from failure. The advantages of going against your nature will become apparent as you inspire trust through transparency, become a person people listen to, explore diverse viewpoints, set boundaries that benefit your team, and understand the people who follow you on a whole new level.
Through the entire transformation, you’ll keep one goal before you. All of your work ultimately achieves the single purpose of leading your team forward. You lead so they can thrive.
As we step into 2024, the landscape of e-commerce marketing continues to evolve at a rapid pace. With emerging technologies, shifting consumer behaviors, and dynamic market trends, staying ahead of the curve is more crucial than ever for online businesses. In this blog post, we’ll explore the key e-commerce marketing trends that are shaping the industry in 2024.
Personalization Powered by AI
Personalization has been a buzzword in e-commerce for some time, but in 2024, Artificial Intelligence (AI) is taking it to new heights. AI algorithms analyze vast amounts of customer data to provide hyper-personalized shopping experiences. From personalized product recommendations to tailored marketing messages, AI ensures that each customer interaction is uniquely crafted to meet individual preferences, enhancing engagement and boosting conversion rates.
Augmented Reality (AR) Shopping Experiences
AR is transforming the way consumers shop online by offering immersive and interactive experiences. In 2024, more e-commerce platforms are integrating AR features, allowing customers to visualize products in their real-world environment before making a purchase. This not only reduces uncertainty but also enhances the overall shopping experience, particularly in industries like fashion, furniture, and beauty.
Social Commerce Dominance
Social media is no longer just a platform for socializing; it’s a thriving marketplace. E-commerce businesses are leveraging social commerce to meet customers where they already spend time. Platforms like Instagram, Facebook, and TikTok now offer seamless shopping experiences, allowing users to discover, browse, and purchase products without leaving the app. Social commerce is poised to become an even more significant driver of online sales in 2024.
Sustainable and Ethical E-commerce
As environmental and ethical concerns continue to gain prominence, consumers are becoming more conscious of their purchasing decisions. E-commerce businesses that prioritize sustainability and ethical practices are resonating with an increasingly discerning customer base. In 2024, expect to see more brands emphasizing their commitment to eco-friendly packaging, ethical sourcing, and transparent supply chains as part of their marketing strategies.
Voice Commerce on the Rise
With the widespread adoption of voice-activated devices, voice commerce is emerging as a notable trend in 2024. E-commerce businesses are optimizing their websites for voice search, and voice-activated shopping assistants are becoming more sophisticated. Brands that effectively integrate voice commerce into their marketing strategies can tap into a new dimension of customer interaction and accessibility.
Video Content Dominance
Video content is taking center stage in e-commerce marketing. Whether through product demonstrations, tutorials, or engaging brand stories, video content captivates and informs consumers. In 2024, expect to see more e-commerce businesses investing in high-quality video production for their websites and social media channels, driving user engagement and conveying brand messages in a compelling way.
Subscription-Based Models and Loyalty Programs
Subscription-based models and loyalty programs are gaining momentum as effective tools for customer retention. E-commerce businesses are increasingly offering subscription services, providing customers with a convenient and predictable shopping experience. Loyalty programs, fueled by personalized incentives and exclusive perks, are becoming integral to retaining customers and fostering long-term brand loyalty.
The e-commerce marketing landscape in 2024 is characterized by innovation, personalization, and a customer-centric approach. To succeed in this dynamic environment, businesses must adapt to emerging technologies, embrace sustainable and ethical practices, and leverage the power of social commerce, augmented reality, voice commerce, and video content. By staying attuned to these trends and continuously evolving their marketing strategies, e-commerce businesses can thrive in the ever-evolving digital marketplace of 2024. Learn and see more with CSP Commerce.
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How Online Accredited MBA Programs Can Shape Your Leadership Journey
/in Professional Development/by StrategyDrivenPursuing an MBA is a defining moment in the professional journey. It can impact everything from job titles and salary potential to your future network and career trajectory. At online MBA programs, students connect with driven peer professionals from diverse backgrounds. These individuals are the foundation for a solid and empowering network.
Developing a Strong Foundation
Determining how the curriculum is delivered is essential when evaluating online accredited MBA programs. Look for courses that incorporate discussion, collaboration, and faculty mentorship opportunities. Also, ask how often students are connected to their professors and peers, if there is an online student community, and what technical requirements are needed. Consider the overall cost, as well. Online MBA programs typically offer lower tuition rates, which makes them a more affordable option for aspiring business leaders.
In addition, online MBA programs give aspiring business leaders the flexibility to study at their own pace. It gives them the freedom to meet their school, work, and family commitments and can help them maintain a healthy work-life balance. It is a valuable leadership attribute for future employers to see. Recruiters may notice that your ability to manage multiple priorities and responsibilities shows you have the discipline to succeed in an online MBA program.
Networking Opportunities
Many MBA programs include networking opportunities within their curriculum and through student clubs and events. These networking opportunities allow students to connect with fellow students, alums, and industry professionals. It helps students build a solid professional network that they can use to find career-related advice or job leads. Students pursuing an online MBA program should consider the level of networking their program provides before deciding to enroll. Networking is essential for all students, especially in a business field where connections can open doors to future career opportunities.
Students should also ask about the level of in-person interaction available through their MBA program.
Developing Leadership Skills
A top online MBA program will train you to be a better leader. These programs typically have students and professors from different backgrounds who interact with one another during their studies. Exposure to various people will help you build your network organically. Additionally, studying in an online MBA program requires a high level of self-discipline. Students must work on their coursework and keep up with their other professional commitments. Developing the skills needed to be a good time manager will help you achieve success as a future leader. Leadership development also includes learning to be more sympathetic and inspirational to your team. Southeastern Oklahoma State University online uses a reflective approach to teach this, so you will be able to be more aware of your shortcomings. It will allow you to be more supportive when your team makes a mistake and motivate them to improve constantly.
Developing a Strategic Mindset
A strategic mindset is essential for business professionals to develop as leaders. This mindset helps them see things from different perspectives and approach challenges holistically, which is necessary for business success in today’s changing landscape. The key to developing this mindset is having a thirst for knowledge and an open mind that encourages creative thinking. It could be anything from learning new skills to exploring unconventional methods that may yield better results. To develop a strategic mindset, business professionals can focus on actively listening to other points of view and asking targeted questions. They can also work to become more comfortable with uncertainty and ambiguity and find ways to ensure that everything they do, from a social media post to a market research paper, generates maximum value. They can even challenge assumptions rooted in cognitive biases to ensure their decisions are grounded in rational analysis.
Defining the Problem Is Often More Difficult Than Solving It
/in Decision-Making/by Min Basadur, Michael Goldsby, and Rob MathewsAlbert Einstein once said, “If I had only one hour to save the world, I would spend 55 minutes defining the problem, and only 5 minutes finding the solution.” Einstein implies that scientific advances come not so much from thinking up new solutions as from formulating problems in new ways or seeing them from different angles.
When it comes to entrepreneurship, Einstein’s emphasis on problem definition is spot on. Indeed, a strong definition of the customer’s problem is essential in creating a winning business solution. However, customer problems are typically not formulaic like scientific problems. Most people struggle with addressing complex problems because they don’t know where to start, which often leads to knee-jerk definitions of the problem. This usually isn’t a wise move. Due to the nature of complex problems, quick decision-making can cause a person or team to miss very important, but not obvious, factors in the situation. Solving complex problems requires slowing down and considering the different variables involved and how they interact.
Defining the problem demands a very organic approach in which unexpected issues can emerge that bring new perspectives on the problem space. Rarely will there be a single “correct” problem. In fact, most problems are interrelated to a set of different and potentially useful challenges.
Such organic problem definition utilizes two tools to successfully capture the customer problem space: challenge statements and challenge mapping.
Challenge Statements
Framing problems into challenge statements is one of the most important skills in problem definition. The phrase, “How might we?” is the powerful phrase that transforms converged facts into actionable challenges.
For example, a fact such as, “The customer prefers to shop with others as a group experience,” can be converted into the challenge statement, “How might we make our store more inviting for groups to shop?” Seeking possible solutions — including those beyond the obvious — is a critical practice in creative problem-solving. Therefore, we might also convert the fact into “How might we design the store layout to be more comfortable in dressing room areas?” or “How might we provide customer attention geared to groups and not just individual shoppers?”
These are just a few examples of the challenge statements that could be derived from this fact. There are potentially many more.
Challenge Mapping
Challenge mapping enables you to get a 50,000-foot view of the problem space instead of being mired in one particular aspect of it. In crafting the challenge map, gather easel paper, large Post-It notes, sticky dots, and markers. As a starting point, write a “How might we” challenge statement on a Post-It note and place it in the middle of the map.
Next, broaden your “How might we?” point of view by using a “why-what’s stopping us” analysis. For example, using the earlier retail store example in which the challenge is “How might we design the store layout to be more comfortable in dressing room areas?” ask the two simple questions, “Why would we want to design the store layout to be more comfortable in dressing room areas?” and “What’s stopping us from designing the store layout to be more comfortable in dressing room areas?”
State a specific answer to the question in a simple, complete sentence — so for the question “Why would we want to design the store layout to be more comfortable in dressing room areas?” an answer might be “So that groups will linger longer in the store.” If the other question is asked, “What’s stopping us from designing the store layout to be more comfortable in dressing room areas?” an answer might be, “We haven’t found room to put sofas and chairs near the dressing room.”
Convert the answers into new “How might we…?” statements: “So that groups will linger longer in the store” now could become “How might we entice groups to linger longer in the store?” And “We haven’t found room yet to put sofas and chairs near the dressing room” now becomes “How might we find room for sofas and chairs near the dressing room?” Asking the question “why” of a challenge and then restating the answer into a new challenge broadens your problem definition.
Write the “why-what’s stopping us” answers on Post-It notes and stick them in their appropriate locations under the “how might we” notes on the map. As you answer the questions, you may find that another answer to a “why” or “what’s stopping us” question alongside an earlier answer fits between the challenge statements. Draw arrows connecting logical connections.
The map’s organic quality enables the original “How might we” question that started on the map to become only one challenge among many. A problem space can begin to emerge by repeating the use of the “why-what’s stopping us” analysis. Each answer leads to at least one more fresh challenge that offers new insights.
A good challenge map is considered complete when participants can no longer generate answers to “why-what’s stopping us” questions. It’s now time to converge on the key problems found on it.
Ask each participant to identify the top two or three “How might we” statements on the map that, if solved, would bring great satisfaction. Have them place a dot on the two or three they consider the most important obstacles to clear.
Next, ask each person who marked the Post-It to explain (clarify) why they did so. Clarification often helps participants see the choices in a new light, so a selection that received only one dot may actually end up being chosen in the end. This is why simply voting isn’t advocated.
After clarification is complete, the group chooses the top two-to-five challenge statements to move forward.
The essence of good problem definition is that a complex problem is actually a field of connected broad and narrow problems. Successfully capturing the problem space through challenge statements and challenge mapping allows people to intuitively think about different issues around a problem. Without a process, they lack a coherent view of the big picture.
* * *
Min Basadur is Professor Emeritus of Innovation at McMaster University, Canada, and founder of Basadur Applied Creativity. Michael Goldsby is Stoops Distinguished Professor of Entrepreneurship and Chief Entrepreneurship Officer at Ball State University. Rob Mathews is Executive Director of the Entrepreneurial Leadership Institute at Ball University. Their new book, Design-Centered Entrepreneurship, Second Edition (Routledge, 2022), provides a research-driven, step-by-step approach to creative problem-solving. Learn more at https://elprofile.com/.
Outsourcing: A Strategic Move for Small Businesses
/in Managing Your Business/by StrategyDrivenRunning a small business can be challenging, requiring entrepreneurs to wear multiple hats and juggle various responsibilities. While this flexibility is often necessary, it can also become a hindrance, preventing business owners from focusing on core tasks and growth opportunities. This is where outsourcing comes into play. Outsourcing tasks and functions can be a strategic move for small companies, offering numerous benefits. In this blog, we’ll explore the top jobs that small businesses can consider outsourcing to enhance their operations and competitiveness.
1. Administrative Tasks
One of the most common areas for outsourcing in small businesses is administrative tasks. These include data entry, appointment scheduling, email management, and basic bookkeeping. By delegating these routine responsibilities to a virtual assistant or administrative service provider, small business owners can free up valuable time and focus on strategic decision-making.
2. IT Support
Managing IT infrastructure and providing technical support can be complex and time-consuming. Outsourcing IT support and services to specialized firms ensures that your systems remain secure, up-to-date, and efficient. It also guarantees prompt resolution of technical issues, minimizing downtime and potential losses.
3. Customer Service
Customer service is critical for small businesses, but an in-house team can be expensive and time-intensive. Outsourcing customer support to a call center or customer service agency can provide 24/7 coverage, multilingual support, and cost-effective solutions for handling customer inquiries and issues.
4. Content Creation
In today’s digital age, content is king. Whether it’s blog posts, social media updates, or marketing materials, maintaining a consistent flow of high-quality content is essential. Outsourcing content creation to freelance writers, graphic designers, and content agencies can save time and ensure the production of engaging and relevant content.
5. Accounting and Finance
Small businesses often struggle with managing their financial affairs effectively. Outsourcing accounting and financial services to a professional firm or accountant can ensure accurate small business bookkeeping, timely tax filings, and financial planning expertise. This not only saves time but also helps in avoiding costly financial mistakes.
6. Human Resources
Recruiting, onboarding, payroll processing, and employee benefits management are vital HR functions that can be outsourced. HR outsourcing firms can handle these tasks efficiently, ensuring compliance with employment laws and freeing up your time to focus on strategic HR initiatives.
7. Web Development and Design
A user-friendly website is crucial for any small business. Outsourcing web development and design to experts ensures a responsive, visually appealing, and functional online presence, helping attract and retain customers.
8. Legal Services
Small businesses often require legal assistance for various matters, such as contracts, intellectual property, and compliance issues. Outsourcing legal services to a law firm can provide the expertise needed to navigate legal complexities while avoiding costly legal mistakes.
9. Market Research
Gathering market intelligence and conducting competitive analysis is crucial for business growth. Outsourcing market research to specialized firms can provide insights into customer preferences, market trends, and competitive landscapes.
Conclusion
Outsourcing is not merely a cost-cutting measure; it’s a strategic approach that allows small businesses to enhance efficiency and access specialized skills and resources. By outsourcing tasks and functions that are not core to their operations, small businesses can allocate their time and resources more effectively, ultimately driving growth and success in today’s competitive business landscape. So, consider these outsourcing opportunities and leverage them to propel your small business forward.
Exploring Leadership Beyond Instinct
/in Management & Leadership/by Joe JudgeEffective leadership depends not on your ability, but rather on your commitment to change. Your journey as a leader begins with a deliberate decision and continues through personal growth that stretches you to become far more than your natural self.
Rethinking Our Definition of Effective Leadership
Definitions of effective leadership that rely on innate qualities like “influence” and “charisma” are overly narrow. The fact is that leadership skills aren’t natural. To be a leader, you must make the conscious choice to go against the grain.
Think about how people tend to respond. When hurt, they pull away. When confronted, they back off. When challenged, they become defensive. When irritated, they lash out. Though these responses are ingrained in human nature, they often have disastrous consequences for leaders and the people they manage.
To become a great leader, you must identify the natural instincts that get in your way and strive to become a better person. When you change your reactions, you can experience genuine transformation. With enough work and practice, this higher level of behavior can become your new natural.
Effective Leadership Begins With a Choice
If you accept the fundamental premise that leadership is a choice, rather than a natural ability or a position, you must also accept its far-reaching ramifications. The choice to become a leader demands sacrifices and changes that will drastically impact your life and change who you are. Once you’ve made the decision, you can no longer do what comes most naturally.
To ensure you are ready, ask yourself three questions. First, ask why you want to lead. If your motivation is anything other than serving others, nurturing their growth, and assisting them to realize their goals, reconsider your intentions.
Real leadership isn’t about power and prestige. The road of a leader is plagued by tough calls, conflict, doubts, and fears. The downsides of leadership only balance out if you can use your role to serve others.
Next, ask if you’re willing to develop into the role. If you’re not open to examining both your strengths and weaknesses under a microscope, you put everyone under you at risk.
To grow as a leader, you must work diligently to solicit feedback from trusted mentors, reflect on what you bring to the table, and shore up flaws. People love to argue whether top leaders are born or made. While some are born with a greater helping of leadership skills, others hone their abilities, but ability is never more important than the desire for personal growth and development.
Third, ask yourself if you’re prepared for discomfort. As a leader, you’ll be the first to venture into new frontiers, routinely encounter transitions, and help your team adapt to them.
For most, the natural response to uncertainty is anxiety and stress. Consider whether challenging circumstances motivate you to shut down or to innovate novel solutions. It takes work to become accustomed to discomfort, but if you commit to lead, you can rise above that natural trait.
Develop Leadership Skills Through 52 Maxims
Once you decide to become a leader, only deliberate effort and consistent practice can enable you to rise above your natural instincts. To help you navigate this transition, we compiled 52 maxims — one for each week of the year. Along with each maxim are practical exercises to promote self-reflection and support as you initiate the change,
Essentially, you’ll learn to prioritize your team, facilitate their development, and celebrate their success. You know you’ve arrived as a leader when your team is fully equipped to take your place.
As you grow through self-reflection and trusted feedback, your newfound insight will equip you to confront conflict head-on, welcome uncertainty, and learn from failure. The advantages of going against your nature will become apparent as you inspire trust through transparency, become a person people listen to, explore diverse viewpoints, set boundaries that benefit your team, and understand the people who follow you on a whole new level.
Through the entire transformation, you’ll keep one goal before you. All of your work ultimately achieves the single purpose of leading your team forward. You lead so they can thrive.
About the Author
Joe Judge is co-author of Leadership is Overcoming the Natural: 52 Maxims to Move Beyond Instinct
Navigating the Future- E-commerce Marketing Trends in 2024
/in Online Marketing and Website Development/by StrategyDrivenAs we step into 2024, the landscape of e-commerce marketing continues to evolve at a rapid pace. With emerging technologies, shifting consumer behaviors, and dynamic market trends, staying ahead of the curve is more crucial than ever for online businesses. In this blog post, we’ll explore the key e-commerce marketing trends that are shaping the industry in 2024.
Personalization Powered by AI
Personalization has been a buzzword in e-commerce for some time, but in 2024, Artificial Intelligence (AI) is taking it to new heights. AI algorithms analyze vast amounts of customer data to provide hyper-personalized shopping experiences. From personalized product recommendations to tailored marketing messages, AI ensures that each customer interaction is uniquely crafted to meet individual preferences, enhancing engagement and boosting conversion rates.
Augmented Reality (AR) Shopping Experiences
AR is transforming the way consumers shop online by offering immersive and interactive experiences. In 2024, more e-commerce platforms are integrating AR features, allowing customers to visualize products in their real-world environment before making a purchase. This not only reduces uncertainty but also enhances the overall shopping experience, particularly in industries like fashion, furniture, and beauty.
Social Commerce Dominance
Social media is no longer just a platform for socializing; it’s a thriving marketplace. E-commerce businesses are leveraging social commerce to meet customers where they already spend time. Platforms like Instagram, Facebook, and TikTok now offer seamless shopping experiences, allowing users to discover, browse, and purchase products without leaving the app. Social commerce is poised to become an even more significant driver of online sales in 2024.
Sustainable and Ethical E-commerce
As environmental and ethical concerns continue to gain prominence, consumers are becoming more conscious of their purchasing decisions. E-commerce businesses that prioritize sustainability and ethical practices are resonating with an increasingly discerning customer base. In 2024, expect to see more brands emphasizing their commitment to eco-friendly packaging, ethical sourcing, and transparent supply chains as part of their marketing strategies.
Voice Commerce on the Rise
With the widespread adoption of voice-activated devices, voice commerce is emerging as a notable trend in 2024. E-commerce businesses are optimizing their websites for voice search, and voice-activated shopping assistants are becoming more sophisticated. Brands that effectively integrate voice commerce into their marketing strategies can tap into a new dimension of customer interaction and accessibility.
Video Content Dominance
Video content is taking center stage in e-commerce marketing. Whether through product demonstrations, tutorials, or engaging brand stories, video content captivates and informs consumers. In 2024, expect to see more e-commerce businesses investing in high-quality video production for their websites and social media channels, driving user engagement and conveying brand messages in a compelling way.
Subscription-Based Models and Loyalty Programs
Subscription-based models and loyalty programs are gaining momentum as effective tools for customer retention. E-commerce businesses are increasingly offering subscription services, providing customers with a convenient and predictable shopping experience. Loyalty programs, fueled by personalized incentives and exclusive perks, are becoming integral to retaining customers and fostering long-term brand loyalty.
The e-commerce marketing landscape in 2024 is characterized by innovation, personalization, and a customer-centric approach. To succeed in this dynamic environment, businesses must adapt to emerging technologies, embrace sustainable and ethical practices, and leverage the power of social commerce, augmented reality, voice commerce, and video content. By staying attuned to these trends and continuously evolving their marketing strategies, e-commerce businesses can thrive in the ever-evolving digital marketplace of 2024. Learn and see more with CSP Commerce.