With subpar data costing U.S. companies 12 percent of annual revenues, hygiene has become critical to the bottom line.

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Data has been described as the very lifeblood of a company, but even that doesn’t completely describe it. Used to maximum effect, it enables a business to thrive. One executive called it “a game-changer.” Another said that data, when strategically leveraged, is “no longer a nice-to-have, it’s a must-have for any company that wants to compete.”

All true. Data allows organizations to put their best foot forward. It enhances their reputations and their ability to retain customers and employees. It informs employers’ ability to manage costs, whether by assessing workforce health risks or designing more effective employee benefits plans. …


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It is easy, but dangerous, to maintain the status-quo in business. Though it takes less work to continue doing business as usual, you’re at risk of losing out on market opportunities and being swallowed up by the competition. Today’s digital age demands innovation, and agility to respond quickly to market changes. Technological advances and online disruptors open up the marketplace to a world of opportunity, and even if you don’t change, the market will.

Businesses have access to virtually everything at their fingertips, and to stay afloat, you’ll likely need to constantly assess your operations, update your services and product offerings, increase accessibility, and change your marketing strategy. …


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A fundamental way for a business professional to develop leadership skills is to honestly assess himself or herself and to address areas in need of improvement.

Part of the self-assessment can be completed by answering the following questions:

Who or What Can Help Me Develop My Skills?

No one is good at everything so leaders should check their egos at the door and spend ample time considering this question. …


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The revenue model is one of the most important aspects of a startup: it’s how a startup makes money and delivers value. The simplest way to find the right model for your startup is to focus on the competition and customer insights. Revenue models aren’t limited to startups, and being familiar with the different options can help you to decide which type is the best model to serve your customers depending on the type of business you have or the problem that you’re trying to solve. Here are 6 revenue models to know .

On-Demand

An on-demand revenue model makes money for every completed transaction. This is a viable option if the problem you are looking to solve is frequent but inconsistent. It doesn’t change the way people used to solve a problem, but your startup can make the process more efficient, like in the case of Uber and Lyft. Three known examples of on-demand startups include the aforementioned ride-sharing services, Airbnb, and Instacart. …


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For years the focus of hiring was on individuals that possessed strong technical skills and expertise in their respective fields. Now, interpersonal skills are leading the way into the future: the priority recently is to screen job candidates for soft skills. …


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In a workforce that is comprised of a rapidly growing Millennial base (by 2020, they will make up the majority of workers, and they currently sit at 25% and growing , according to Forbes), it is no surprise that the generation who reshaped the ideology of “meaningful impact” is causing such a stir in its philanthropic efforts.

Get up, go to work, go home — repeat until retirement. That was the mantra of Generation X, and for many, it offered the clarion call of life: hard work equals gratification. But Generation Y (aka, Millennials) began to question the wisdom of “work now, enjoy later.” …


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Managers and leaders play a key role in the function and success of an organization. Bad management can be incredibly detrimental to the organization, both operationally and culturally, and unfortunately, every professional will face working with a bad manager at some point in their career. What makes for a bad manager? Here are a few common management mistakes to avoid if you’re looking to creating a dynamic, productive team in your workplace.

Micromanaging

While from a boss’s perspective micromanaging may feel like it’s steering employees in the right direction, it doesn’t have very many benefits in the long run. It causes undue stress in the workplace in addition to thwarting creativity and enthusiasm in the team. There are many approaches to the same task, and just because your employee does it differently doesn’t mean that they’re inherently doing it wrong. Plus, given the freedom to exercise their creativity, they might even find a more efficient way to solve a problem. …

About

Tim Noonan

Tim Noonan is the President and CEO at Lockton Pacific Series and a recognized, dynamic leader based in Los Angeles. http://timnoonan.us/.

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