The Challenger disaster. A part of the shuttle known as the O-ring was faulty. NASA employees knew about the fault before the disaster, but they either ignored the problem or were disregarded when they tried to alert higher-ups about the issue. Single loop learning had failed NASA and it ended in disaster.
Increased digitalisation and the changes to the labour market brought about by the Covid-19 pandemic mean that working from anywhere has not only become possible but also acceptable to an increasing number of people. This is therefore changing the way we work, as well as how we buy, sell and share goods and services.
Logistics is a fast-growing sector of activity, and mobility is essential to our way of life. At the same time, the supply chain sector is the most significant contributor to environmental pollution. It is the first sector in the emission of greenhouse gases and the first consumer of petroleum products.
Starting a new business is an exciting and empowering prospect, but it’s not without significant challenges along the way. In fact, many entrepreneurs struggle to navigate the hurdles of starting a company, with around 20% of new businesses failing within their first two years. Part of giving your enterprise the best chance of avoiding this trend is to embrace the right tools.
If 2020 was the year that the world was forced to dip its toes into flexible working patterns and 2021 was the year that this became standard practice, what will 2022 bring? Flexible work looks to have cemented itself as the new ‘business as usual’, with over two-thirds of UK businesses now reportedly offering employees remote working options, but the changes haven’t stopped there. As business leaders look to satisfy the world’s growing appetite for greater flexibility and freedom, many are now not only reconsidering where their team can work, but also when.
As COP26 came to a close at the end of 2021, businesses across the globe were given a new sense of urgency to meet climate targets and achieve Net Zero. But while there is now undoubtable agreement that businesses must take on more accountability to reduce their emissions, the question within an organisation often surrounds where this accountability falls.
It has been a month since a full-scale war began in Ukraine. On February 24th people were awakened by the sounds of heavy missile blasts hitting airports, military bases, and other strategic targets. People, as well as businesses, were forced to face circumstances they’d never had before. “You don’t know what you don’t know,” said Aleksandr Volodarsky, CEO of a Ukrainian IT-company Lemon.io. “There are so many things you can’t prepare for when you have never been through a war.”
Running a successful business requires a lot of hard work. However, in the midst of all the busyness, it can be easy to overlook the importance of daily habits that keep both you and your business healthy. In this article, we will be sharing the top 5 daily habits you should incorporate into your routine to find success in your professional life.
After two years of unparalleled business uncertainty, there’s finally a hint of spring in the air and wise technology start-ups are already putting out the feelers to ensure that a weak supply chain won’t hamper their businesses’ rapid growth. Supply chain isn’t their core expertise though, and distributors need to help to ensure that they can get their products into the hands of customers quickly, in line with their business plan.
Startup owners need to juggle multiple responsibilities when launching and scaling a venture. They manage everything from product development and finance to HR and marketing. However, as you work on your firm’s growth trajectory, it’s only by having a solid team of trusted, specialised professionals that you can achieve your goals.
Sometimes in business, and indeed in life itself, it is very easy to miss the obvious or, put another way, not to realise that some very basic truths or something that should be expected is not always immediately realised. These points are easy to see with more experience or with the benefit of hindsight, but for those starting out in business that is not always easy.
A common pain point for many SMEs is the misalignment between the Sales, Marketing, and Product functions. It usually grows with time and the company's size: Product Management gets attracted by features and technology, Marketing by social engagement, Sales by "quick wins". The ones who lose are the Customers, with a spiralling effect on the company performance.
The last two years have seen the face of global mobility change forever. Growing acceptance of remote working has seen more and more businesses integrate relocation and/or flexible working plans into their growth strategies. However, doing so requires a holistic solution, particularly when demand for such flexible working opportunities skyrockets like it has across many knowledge-based industries. The only way to cope with increasing need and interest in global mobility from current and prospective employees is to create solutions with seamless integrations that enable effective remote workforce hiring and management.
Startups are early-stage businesses that attempt to grow with large-scale solutions. With most startup companies, fundraising is a crucial element that transforms them from a small team of entrepreneurs into a large outfit with widespread products or services. When should a startup consider funding? What should startups have before they look for fundraising from venture capitalists or investors?
One of the most common pieces of advice you get when you start a business is to find a niche. The narrower the better. And while that works for some, it’s not the only way forward. Over the course of my career, both as an independent designer and the co-founder of a design studio, I’ve learned that my expertise has nothing to do with sticking to a narrow kind of work. That’s how I’ve ended up designing for clients ranging from Pfizer to the Bronx Museum of the Arts to Tribeca-based rooftop bar Happy Be.
When creating a digital experience centred on health and fitness, it’s vital to provide the best user experience possible – one that fits into our day-to-day lives. Work, families and social lives must all be factored in, along with the ways people choose to exercise, whether that be in the gym, at home, or outdoors on a run.
Automotive giants like Ford, Porsche, BMW, Mercedes and many more are announcing their move to battery electric vehicles (BEVs) often referred to as EVs. The UK government is also signalling its intent to encourage BEVs by promising £450m to be spent on boosting public charging stations by 2030 to reach their 300,000 target.
Worried about cyber warfare? You’re not alone. With the threat of imminent attack from overseas malware and state-sponsored hacks increasing, the National Cyber Security Centre (NCSC) is calling for UK businesses of all sizes to “strengthen their cyber resilience” in response to the ongoing situation in Ukraine. But what does cyber resilience mean, and what actionable steps can businesses take to bolster their defences?
Accessibility fails are not just an eyesore for designers. It’s not even about the underperforming metrics. First and foremost, it’s about enabling everyone to experience digital products. Adam Fard, CEO of data-driven UX design agency Adam Fard Studio discusses accessibility through the eyes of impaired users.
Over the past year, tech startups across the UK and Ireland have raced ahead of the rest of Europe, making up 38% of the combined valuation of European unicorns 2021. The UK & Ireland combined generated the most valuable companies with an impressive combined unicorn valuation of EUR 138 bn -the highest percentage across the continent.
Due to the changing nature of the way we work, advances in technology and the restrictions imposed during the pandemic, hybrid and remote working are on the rise. A recent survey by the Chartered Management Institute (CMI) found that over 80% of managers said their firms have now adopted hybrid working models, including a mix of in-office and remote working.
Starting a business is a rewarding experience when done the right way. Financial, strategic, and legal planning is crucial if you want to run a successful business. There are a plethora of ways you can do business, but before you adopt one, it is essential to consider how much time, money, and effort you are willing to put in. In this article, we discuss the steps you can follow to launch and manage a successful business.
A common pain point for many SMEs is the misalignment between the sales, marketing, and product functions. It usually grows with time and the company's size: product management gets attracted by features and technology, marketing by social engagement, sales by "quick wins". The ones who lose are the customers, with a spiralling effect on the company performance.
There are a number of reasons why a founder might want to do Enterprise Value for their business, but primarily for our clients at Dragon Argent, it’s part of the process of raising equity investment. Whilst using an analytical process to determine the current or projected worth of a company (or asset) is a key component, there is much more to a valuation than purely mathematical analysis or economic modelling. Consideration of factors such as economic climate, industry, political climate, and technology must also be considered when valuing a company.
Pitch decks and business plans. Every early-stage business with any thought of expansion, even if only modest expansion, should have them. And every founder of a start-up should prepare them. A very common mistake made by many entrepreneurs is that these two documents are seen as only being necessary if you are intending to raise finance; but that is simply not true.
Shipment tracking is more than just a bullet point on your business to-do list. In an increasingly vibrant market, keeping your customers informed about the whereabouts of their products is what will make a difference in their customer experience and provide your company with a competitive advantage.
The digital revolution is here, and it's now paramount that businesses of all sizes make the technological changes necessary to avoid falling behind the competition in this increasingly digital world. BT’s announcement to switch off The Public Switched Telephone Network (PSTN) and the Integrated Services Digital Network (ISDN) in 2025 is evidence of this drive to bring the telecoms industry in line with the emerging digital future.
Admitting we have biases is not easy. It makes you question how much control we have over our minds and behaviours. This year’s International Women’s Day (IWD) theme encourages us to ‘Break the Bias’ to achieve gender equality, but it is difficult to know which biases are the most important ones to ‘break’ first.
As a small business owner, you undoubtedly understand the importance of collecting payments from your customers on time. Debtors are the bane of any business owner's existence. They can hold up payments causing cash-flow problems, which can be a headache to most business owners. However, with a bit of organisation and planning, you can manage your debtors more effectively and minimise the negative impact on your business. This blog post will discuss six ways to do just that.
When it comes to the battle on gender equality, we can certainly see some improvement, however, there is still a lot to be done. Whilst we may be encouraging the younger generation into more STEM and subjects they weren’t considering before, we need to make sure this is reflected all the way up – and into leadership positions.
In any aspect of life, each of us will have different dreams and aspirations, and what we wish to achieve. This is no different for entrepreneurs and business founders. And why should it be? It can often be wrongly assumed that all founders are looking to scale their business as quickly as possible and to grow it to be as large as possible.
Making the leap from a business plan to a fully operating company with customers and employees is an exhilarating journey. There is nothing more exciting and empowering than building a business. Particularly as a woman because you have this added sense of breaking the mould or going against the statistics. With excitement, come some terrifying lows, confidence crises and loneliness. I want to make it one of my personal missions for the negatives not to scare people away.
2022 has been broadly embraced as a year of recovery for UK businesses. COVID restrictions have been completely lifted, and with the vaccine rollout marked a success, it seems unlikely that any further restrictions will be enforced in the near future. Customers are ready to spend, but is your business ready to take their payments?
Meeting rooms, breakout areas and outdoor spaces are the most in-demand workspace features, according to new research by infinitSpace. The European flexible workspace provider commissioned an independent study among 200 UK office landlords, asking them which features were most important in attracting tenants.
One of the hardest challenges all leaders face is knowing when to move on from their existing strategy. This is not only because of the attachment we feel towards a plan we have created, or because of the humility required to accept that what we are doing is not working, but also because the clear thinking required to create a winning strategy is hard work.
Launching a new business is fraught with possible pitfalls, and as an entrepreneur it can often feel like one false move can bring the entire process crashing down. The reality is that business is full of inherent risks, and most business owners have encountered their fair share of failures and setbacks along the way.
Having decided whether to start your entrepreneurial journey as a sole founder or as a co-founder you will then be able to properly develop your idea and your business. Whatever your business plans and structure, and whatever your ultimate aims are with regard to scaling your business, there will always be many different tasks to be attended to and the smaller the business and the fewer the resources the harder this can be.
The BBC recently reported that, as of the end of November 2021, more than six million people were waiting for routine operations in the UK. This was the first time this figure had been hit in the history of the NHS and demonstrated the scale of the backlog in routine operations caused by the COVID-19 health crisis and its knock-on effect on the wellbeing of the nation.
A constant challenge for IT leaders is ensuring they see an appropriate return on investment from their Software Asset Management (SAM) programme. So, what can businesses do to ensure their SAM spend is providing adequate value as a result of improved decision making, cost savings and software licence compliance? Furthermore, when is it best to outsource SAM and licensing tasks, and what tasks should be maintained by automated SAM technology or an in-house team?
Starting a business can be difficult at the best of times, but creating a hardware product often adds a level of difficulty in, especially when it comes to manufacturing this product. There is a lot riding on the stage when you take your product from design to production and it can be one of the most difficult transitions.
Talent is a vital resource for the success of any business. Today, in any successful growth strategy, technology must be at the forefront. However, the reality is, attracting, developing and retaining talent that can support this growth is one the biggest issues facing any business due to the simple fact that technology is always evolving and there will always be a gap between demand for the latest technology and the skills to fulfill it.
Whether the offering of your startup is an eco-friendly product or range of products or whether, as a new business, you are all too well-aware that potential customers will be expecting your eco credentials to be sound, it might be that you feel baffled and confused by all the eco-friendly and environmental terminology you see being bandied about. And you are not alone.
All across Britain, the self-starter movement is gathering momentum with people starting side hustles, their own small business or turning their passion project into an income. Research done by OnePoll in collaboration with Mettle last year found that passion (35%), ambition (34%) and hobbies (33%) are the most popular reasons for starting a side hustle. In fact, almost two thirds (64%) say they regret not starting their side hustle sooner.
Welcome to a new series of articles aimed at helping entrepreneurs and founders to start and scale a business. In this series we will be going back to basics and examining some of the questions and areas of concern that many founders or would be founders have. Whilst ‘basic’, nevertheless these topics can be fundamental to setting an early-stage business on the right track for success.
The dust has settled on the new year. Employees are over the January slump and everyone is caught up on any work that had fallen by the wayside ahead of the festive break. Businesses are in a position to think clearly about how they want to succeed in 2022 and with the worst of the pandemic well behind us, organisations are now beginning to invest in technology solutions that can help them remain innovative and agile.
An understandable lack of confidence has gripped most sectors across markets globally over the past two years, given the combined weight of the Covid-19 pandemic, and the pressure this applied to an already-strained global supply chain. More than ever, businesses have been challenged to perform even their critical operations, in the face of rising costs and uncertain reliability of their modes of supply.
When starting a business, the culture you want to create is likely to be one of the first things you talk about; it’s an essential ingredient in building a team of people who hold the same principles and will work to achieve common goals. But it’s all too easy to let that culture slip down the priority list as your business grows. Kristian Gjerding, CEO of CellPoint Digital, explains why it should always be top of the agenda.
The last couple of years have been tough for businesses. But those that have been able to demonstrate resilience have been best placed to survive, and in many cases even grow, despite the challenging circumstances. Here Alison Watson, Head of the School of Leadership and Management at Arden University, explores how SMEs can ensure resilience drives them towards success throughout 2022.
The environment and sustainability are hot topics; after last year’s COP26, these issues have been supercharged to the front of government and almost every business agenda. Employees, customers and the supply chain now expect companies they work for and with to consider their impact on the environment. So, can the way we use IT and technology in general help businesses become more environmentally friendly? The answer is a resounding ‘yes’.
Textbooks can only give the bare bones of a successful business strategy. Whether you’re a global corporate or solo freelancer building a brand, accounting, budgets and forecasts will make or break a venture but not faster than a deficit of passion to make an idea a reality. Above all else, it’s the execution that separates what’s ‘just’ a good idea and the startups which will become category winners.
The global pandemic in 2020 has caused a global shift to remote and hybrid work as well as a transition to online or cloud-based solutions, forcing companies to quickly pivot the way they operate without the luxury of careful preparation. Where most companies saw crises, cybercriminals saw opportunities and cybersecurity startups saw growth potentials.