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5 reasons why innovation fails—and what to do about it

Work Life

I didn’t expect this to be time employees could use in secret, but rather a plan agreed upon between employees and their manager to pursue an idea. This is especially important for those who are not involved in strategic planning. As confidence grows and the probability of success improves, a longer-term plan can be established.

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From blueprint to breakthrough: How AI and automation can transform the consumer enterprise

McKensey

CPG organizations could see the greatest impact from technology, given the potential for gen AI and other automation tools to optimize these companies’ manufacturing and supply chains. Manufacturing jobs are often concentrated in fewer, larger locations, such as plants or warehouses, and do not have any customer-facing exposure.

Retail 75
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Change Management & Transforming Your Organization’s Culture: Tips from Great Workplaces

Great Place to Work

The need for transformational change may be triggered by external factors, such as in response to economic conditions or a shift in cultural norms that influence the business. Use a variety of methods to gather insights, revisit your change management plan, and make adjustments accordingly. Why is change management important?

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Ethical Consumerism: How Mindful Purchases Shape Business Trends

Success

In 2024, about 64% of people spent money with socially responsible businesses, and 32% planned to spend more in the future, according to a report by Good.Must.Grow. Here are a few companies that support ethical consumption: Violin string manufacturer Warchal accepts used strings of their brand in exchange for credit in their online store.

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Contract lifecycle management guide

BMT Office Administration

CLM proves very useful in manufacturing, real estate, finance, healthcare, and technology. Many factors influence the choice. Will this platform integrate seamlessly with our existing systems, such as CRM (customer relation management) and ERP (enterprise resource planning)? Should they renew, amend, or terminate the contract?

Software 130
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Total quality management: 8 principles for business success

BMT Office Administration

While it’s most common for manufacturing companies, a TQM approach can also prove fruitful for other businesses. He later published Economic Control of Quality of Manufactured Product in 1931, greatly influencing Dr. W. It stands for: Plan. Edwards Deming , commonly credited as the father of modern quality control.

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Everything You Need to Know About Safety Reward Programs for Employees

Vantage Circle

This is particularly crucial in industries like manufacturing, construction, and healthcare, where regulations are rigid, and safety is essential. This type of program is especially beneficial in industries bearing high risk, such as construction, manufacturing, or logistics.