How to Lead Strategic Change
Many good operational managers are paralyzed by the apparent complexity of strategic change. This paralysis, coupled with the everyday pressures of keeping the business running, means that organizations have skipped this crucial activity in favor of thrusting leadership and rigorous management. However, the problem with this approach is that organizations are pursuing incremental efficiency gains in preference to the more radical and profitable step change offered by effective strategic implementation.So, how do the best operational managers make the transition between the two roles of manager and leader? The answer is that they adopt new ways of thinking in advance of new ways of working. In this article we will explore four key skills that, if mastered, can help you make

Employment Law: Attendance Rewards - Legal Ramifications
If you were thinking of offering your employees special rewards as incentives for having good attendance records, then you must read on. In fact, employers that offer attendance bonuses may find themselves falling foul of the law.The Royal Mail introduced a rewards scheme for staff that did not to take time off sick. Under the Royal Mail's scheme, workers with full attendance records were entered into a prize draw to win Ford Focus cars or holiday vouchers worth ?2,000. As a staff incentive, it seemed to work. The Royal Mail says its overall sickness absence levels fell during a nine-month period (between August and April) by 11%.However, such schemes could have serious ramifications from a legal viewpoint, and leave employers vulnerable to a variety of legal claims.Across the southern United States, millions of Americans are struggling to rebuild their lives in the wake of Hurricane Katrina. Throughout the region, entrepreneurs are have an even greater task – rebuilding their businesses in an area where their markets may no longer exist.

Katrina entrepreneurs have a unique opportunity to gain through adversity. Many of history’s most successful entrepreneurs achieved greatness through the identification of opportunity through adversity. Motivated entrepreneurs willing to learn and observe post-Katrina market trends may find themselves in a very lucrative position, long term.

Many affected by Hurricane Katrina might initially say, “I don’t have a home. I don’t have a store (or office). My local consumer market is engrossed in rebuilding efforts. Where is the opportunity?”

The answer is knowledge. To produce results in any marketplace, knowing how to maximize the resources you do have is the golden key to success. Let’s take a look at some of the ways Katrina entrepreneurs can reestablish their business, and how a business can thrive and grow under difficult circumstances.

Renew Your Market Position

Turning adversity into revenue can be as simple as re-branding your product or service. Businesses, from real estate agencies to physical therapists, can build a successful clientele by renewing their position in the marketplace through an updated marketing strategy addressing the change of the geographic target market.

For example, a catering company can renew its clientele by coordinating large events, such as auctions or grand re-o

nity to gain through adversity. Many of history’s most successful entrepreneurs achieved greatness through the identification of opportunity through adversity. Motivated entrepreneurs willing to learn and observe post-Katrina market trends may find themselves in a very lucrative position, long term.

Many affected by Hurricane Katrina might initially say, “I don’t have a home. I don’t have a store (or office). My local consumer market is engrossed in rebuilding efforts. Where is the opportunity?”

The answer is knowledge. To produce results in any marketplace, knowing how to maximize the resources you do have is the golden key to success. Let’s take a look at some of the ways Katrina entrepreneurs can reestablish their business, and how a business can thrive and grow under difficult circumstances.

Renew Your Market Position

Turning adversity into revenue can be as simple as re-branding your product or service. Businesses, from real estate agencies to physical therapists, can build a successful clientele by renewing their position in the marketplace through an updated marketing strategy addressing the change of the geographic target market.

For example, a catering company can renew its clientele by coordinating large events, such as auctions or grand re-

ricane Katrina might initially say, “I don’t have a home. I don’t have a store (or office). My local consumer market is engrossed in rebuilding efforts. Where is the opportunity?”

The answer is knowledge. To produce results in any marketplace, knowing how to maximize the resources you do have is the golden key to success. Let’s take a look at some of the ways Katrina entrepreneurs can reestablish their business, and how a business can thrive and grow under difficult circumstances.

Renew Your Market Position

Turning adversity into revenue can be as simple as re-branding your product or service. Businesses, from real estate agencies to physical therapists, can build a successful clientele by renewing their position in the marketplace through an updated marketing strategy addressing the change of the geographic target market.

For example, a catering company can renew its clientele by coordinating large events, such as auctions or grand re-

ess. Let’s take a look at some of the ways Katrina entrepreneurs can reestablish their business, and how a business can thrive and grow under difficult circumstances.

Renew Your Market Position

Turning adversity into revenue can be as simple as re-branding your product or service. Businesses, from real estate agencies to physical therapists, can build a successful clientele by renewing their position in the marketplace through an updated marketing strategy addressing the change of the geographic target market.

For example, a catering company can renew its clientele by coordinating large events, such as auctions or grand re-

e agencies to physical therapists, can build a successful clientele by renewing their position in the marketplace through an updated marketing strategy addressing the change of the geographic target market.

For example, a catering company can renew its clientele by coordinating large events, such as auctions or grand re-openings, and then finding additional ways to generate revenue, such as selling recipes. Marketing at the event with business cards and sponsorship notations can expand clientele. Inviting the press is always a great way to gain additional exposure, particularly at events that earmark positive change or improvement in a media hotspot.

Barter With Other Businesses

If you require special equipment or tools, consider bartering with other businesses to make it happen. In the catering example, bartering with another business such as a hotel may allow access to kitchen and prep facilities – and the entrepreneur may even be able to barter for use of those facilities in the future, in exchange for co-branded marketing on banners or flyers.

Finding creative ways to achieve win-win results with your available resources available is going to make you a success in difficult times. But it’s not for the timid – these solutions take serious thought, planning, and above all, action. Be prepared to identify new obstacles – and solutions – as you carry out your plan of action.

Change Your Operations And Marketing Strategies

When doing business in a redevelopment environment, you will find need to change your operations and marketing tactics to suit the marketplace.