According to an article on thebalance.com, Black Friday is changing. After peaking in 2016, in-store sales declined 4% in 2017, while online sales grew 18%. 40% of the online sales were through mobile phones. For a retail store to protect their customer base, they now need to have a strong online strategy and mobile oriented advertisements, while still advertising and ...
“Houston, we have a problem!” Some business challenges seem impossible to get rid of. That one problem that keeps coming back. It’s addressed, it’s fixed, and then it rears its ugly head again. But why does the problem reappear like a magic trick? We address the symptoms and not the true problem. Defining the problem helps address the REAL issue ...
A former General Mills executive, Marc Belton, discussed three P’s: Perks, Privilege, and Power in an interview with Dallas Theological Seminary. Today, let’s discuss Privilege. As leaders rise through the ranks of an organization, their position often affords them more privilege. Maybe it’s more freedom as to how you spend your time, company cars, or invitations to meet with influential ...
For several weeks one of the overhead lights in my office area had dimmed dramatically. Although I knew it needed replaced, I grew accustomed to the darker setting. One evening, maintenance changed the light. The next morning, I was amazed as to how well I could see my work. It not only gave me a better view; the changed light ...
When I’m the person in authority, slowing down and being thorough is my job. It’s not optional. This means stepping back, listening, observing, taking plenty of notes, studying, doing research, and getting advice from wise people. Proverbs 20:8 teaches, “When a king sits in judgment, he weighs all the evidence, distinguishing the bad from the good.” Many decisions can be biased ...
David Green, founder of Hobby Lobby, desired to maintain his commitment to be a steward of his business, rather than an owner. David says, the business is like a tree that bears fruit. If you believe you own the tree, you may decide to break-off the branches to give to your heirs after your death. Family feuds can then destroy ...
After years of research, Google recently released the “Duplex” feature of their Google Assistant. This new product has caused many journalists to express ethical concerns. The video of Google’s initial demonstration revealed how Duplex can call businesses with a human sounding voice and schedule appointments. Duplex deceived people by not disclosing it was a robot. The future of artificial intelligence ...
This week we’re exploring the differences between wisdom, knowledge, and understanding. Wisdom results from the knowledge and understanding we gain over the years. When we’ve made enough mistakes, the knowledge gained enables us to have wisdom. Wisdom is applied strategically, while knowledge is more tactical. My first business began when business loans were at 21% interest. The painful lessons I ...
This week we’re exploring the differences between wisdom, knowledge, and understanding. Knowledge comes from God, through the experiences and skills He allows us to confront in life, provided we’re humble enough to learn. As a young loan officer my first Small Business Administration loan was a disaster. SBA loans require lots of attention to detail and dozens of documentation challenges. ...
This week we’re exploring the differences between wisdom, knowledge, and understanding. Let’s begin with Understanding. The Hebrew meaning of this word has been defined as, “perceptive insight with the ability to judge.” A consulting client once asked me and his other advisors to help him with an issue. One of the advisors recommended a plan that was immoral. It was ...
Equipping Others to Do Work Differently
