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Showing posts with the label Business Strategy

Project-Based Leadership: How Fractional CXOs Drive Success in Targeted Initiatives

  In today’s business world, companies increasingly turn to fractional CXOs to manage short-term, high-impact projects. These part-time executives provide specialized leadership, taking on critical roles that drive business success without the full-time commitment. Whether it's scaling operations, launching products, or optimizing internal processes, fractional CXOs have become the go-to solution for project-based leadership. Let's explore the various ways in which Flexi-CXOs stand out for businesses: Role of Fractional CXOs in Short-Term Projects Fractional CXOs are experts in their respective fields who come in for specific projects and bring years of experience. They work as interim leaders, overseeing numerous areas, including finance, operations, technology, and marketing. Sometimes, businesses need an interim leader to step in for a specific project and do not require permanent leadership. These executives thrive in fast-changing environments, quickly assessing cha...

The Growing Influence of Fractional CXOs In Today's Business World

  Fractional CXOs stand at the forefront of revolutionizing the agile and dynamic fractional economy, introducing innovative approaches that elevate its status and impact. Through strategic collaboration, flexible leadership models, and pioneering talent acquisition strategies, fractional executives are reshaping the future of work. Let's delve into how fractional leadership is poised to transform businesses and industries alike. Advantages of Fractional Leadership Fractional CXOs have the potential to revolutionize this agile and dynamic fractional economy by introducing innovative approaches that elevate its status and impact. Here are different ways in which a fractional CXO elevates an organization:   -       Strategic Collaboration Partnerships and communities   Working with specialized executives on strategic projects fosters dynamic partnerships that leverage diverse skills and expertise. Creating interconnected leadership communit...

Leadership Gap During Your Crucial Business Transition? Steps to Bridge It Wisely

  Business transitions can be challenging, especially when it involves restructuring, mergers and acquisitions, or changes in leadership. Such transitions can create an unstable environment that can affect the productivity and profitability of the business. However, there is a solution to this problem - engaging with an interim expert. Interim experts are highly skilled professionals who can provide temporary support to businesses during periods of change. The full-proof plan to navigate through business transitions wisely is by leveraging the power of interim experts. Identify the Need for an Interim Expert The first step in navigating through business transitions is to identify the need for an interim expert. This involves assessing the challenges and risks associated with the transition and determining if the current team has the necessary skills and experience to manage them. If there are gaps in skills or experience, an interim expert can fill those gaps and provide the ne...

Will an Expert-on-Demand plug and play model work well for organizations?

  For individuals climbing the corporate ladder, full-time permanent jobs have always been the go-to event. As the private corporate world faces a 180° paradigm shift owing to the covid-19 pandemic, the hiring sector is visibly juggling between perm and temp hiring. Increasingly, the idea of self-dependency, entrepreneurship or intrapreneurship, and having a life-work balance as opposed to work-life, has been taking the front seat and workplaces are adding a new chapter - Expert-on-demand . Notably, the addition of expert-on-demand hiring has not replaced permanent hiring. Instead, as new roles and responsibilities have come up post-pandemic, experts believe that hiring has become selective in these roles. For example, an expert-on-demand will work best for functions such as marketing, sales, cyber security, and some finance functions such as restructuring, taking the company public, etc., which are important but may not be a part of the organizational expertise. Meanwhile, roles...

Sharing Office space is a good idea , so is sharing C Level Managers

Yes indeed, these are exciting times. We are inching towards a fully digitalised world, all thanks to the rapid advancement in technology.  But this comes with its own set of challenges that confront every part of the society and business is no exception. Businesses have had to evolve strategies and embrace new technologies to keep pace with this rapid transformation be it the increasing use of AI  and automation for a variety of purposes,  the use of various software, 3 D printing, collaborative consumption etc. What is the issue ? But one issue that continues to remain steadfastly in the current fast moving digital era, is the issue of talent sharing across domains. Even as the employment landscape and norms are changing with the emergence of the gig economy and businesses themselves are resorting to the contractual method of work on an increasing scale it is pertinent to ask how fair is it to restrict the natural flow of talent possessed by profe...

How to infuse empathy in your marketing?

The latest buzzword in marketing is empathy. Many companies are successfully utilizing the power of empathy to push their brand to the next level.  Some examples: Philips invented a miniature version of a CAT scanner called the ‘kitten scanner’ along with  toy animal characters that were used as patients and a TV screen to dispel the fear of MRI among children   P&G ad released in time for London Olympics 2012 shows the trials and tribulations of mothers raising young athletes.   Microsoft’s interactive site Anatomy of a Data Breach that explains how data is stolen and how one can protect own data. Enhancing empathy not only outside your company but also inside is great for your business.  Yet, according to a 2019 survey by Businessolver, 92% of employees feel that their bosses do not give enough importance to empathy. But what has it got to do with marketing success? The same study says that 93% of employees are more likely to...

How can an entrepreneur enter a saturated market?

Marketers react to a saturated market in different ways. Many are discouraged by the very thought of entering a saturated market, others find it tough to survive in such market yet there are other entrepreneurs who not only survive but grow in a saturated market. Then there are those who are at the start of their business journey but are unfazed by a market filled with potential competitors and carve out a niche for themselves in this very market.    So what is the secret of winning business in a saturated market? A saturated market is, in fact, a thriving market with tremendous demand and hence offers a great opportunity for growth. Thus entrepreneurs need not be intimidated by a saturated market. Instead, they should see it as an opportunity to tap into the tremendous demand that is the hallmark of such a market. According to Seena Sharp the author of Competitive Intelligence Advantage , a saturated market is a sign that there is a lot of opportun...

How not to lose attention of Gen Z in the 8 seconds that you have?

Over years marketing adapted well to changing times. From the Silent Generation and the Baby Boomers to Gen X and Gen Y, every period in time has heralded its own marketing challenges. Even so, the challenges posed by Gen Z to marketers are incomparable, as it is the first ‘digital native generation,’ a population that has never seen a world without the Internet and digital technology. The denizens of Gen Z have integrated technology seamlessly into their lives.   This necessarily means that any company   wanting to win today must make full use of the Internet and the social media and must be digitally accessible at all times. But why is Gen Z so important for marketers? Well, for starters Gen Z represents USD 44 billion in purchasing power, as reported by the “Uniquely Gen Z” study conducted by the IBM Institute for Business Value.  The Gen Z is a market of high but fickle spenders with no strong brand loyalties, the study found. Seventy five per c...

SHARING IS CARING !..... EVEN FOR STARTUPS !

The Shared Economy Concept, at its core, is based on the most efficient use of money and resources. In the era of start-ups, gathering the resources is the most challenging aspect of any start-up. The broader vision of the founders of a start-up need to be simplified into micro plans so as to achieve the objective initially set. These micro plans focus on the resource requirements of the start –up. By resource requirement we mean all the tangible and intangible forces which are needed to build up the venture. It includes manpower requirements, space requirements and funding to name a few. Since the funds available to a start-up are usually limited, manpower planning plays a crucial role. An essential ingredient to effective leadership is to manage the resources efficiently. As the funds are limited, resource sharing can play an important role in the success of the venture. The technological advancement across all industries today makes resource sharing a very convenient and appropri...