Knowing what succession plans are and understanding the importance of succession planning for business continuity are two very different things. There are four essential considerations for an effective and reliable succession plan.
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Across the spectrum of real estate investments, agricultural land falls on the conservative side. The return expectations you can get with it are lower than in some other asset classes. But for the right amount of capital, or if you have significant cash holdings with a low rate of return, it can make a lot of sense.
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Just because your business has made it past the initial stage of survival doesn’t mean you’re out of the woods and can rest on your accomplishments. It’s time to do an honest assessment of your company, really probing into what has worked and what can be improved on.
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Every responsible and effective CEO needs to have a process in place for the various decisions that come across his or her desk. An established and reliable due diligence process will guide your decision-making framework and ensure you reach the optimal conclusions to the best of your ability.
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As much as you automate processes in a facility or implement monitoring systems, things don’t always go according to plan. Regardless of how much you apply big data analytics to your processes, equipment fails and provides you with upset. Automated process control drives efficiency, but you still need people to provide control and oversight over your data-driven industrial automation engineering processes.
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For a number of reasons, many of which may be completely unpredictable, even good partnerships can unravel. But by applying a disciplined due diligence process to your search for the right developer partner, you can improve the odds of your success.
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Effective, hands-on consulting balances the client’s needs and expectations with the consultant’s knowledge and experience.
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How should you respond when you’re faced with conditions that challenge your company’s forward growth initiatives?
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Having worked on a variety of challenges for other organizations, business consultants can often provide insight that institutional knowledge just can’t match.
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If you try to develop a business plan without understanding your market and competition, you’re putting blinders on your business and it may come back to bite you.
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