Strategy - page 3

How Negotiation Tactics Helps You To Get The Best Deal

Darryl Bachmeier Jun 21, 2019 Strategy

A negotiation tactic, compared to a negotiation strategy, a maneuver to be used in the heat of war; A move, reversal or adjustment as you work to get the best result in no time. Tactics can be used with manipulation by another party, and moving you from a defensive position to a more vulnerable area to attack you. As a negotiator, you need to be prepared for such tricks at every turn. Most tactics are of one of five basic types: pressure, delay, manipulation, power (gain the lead over) and joint. We will discuss some of the tactics commonly used and how to identify and neutralize them to keep the negotiations on a policy path. Ways to prepare before negotiations begin Research the other party Find out about the other party. If you are negotiating with a group practice, read everything on its web site and ask for any marketing...

Best Strategies to Avoid Groupthink in the Workplace

Darryl Bachmeier Jun 6, 2019 Strategy

Often, we are called to have camaraderie with our workmates. Especially when the company is about to embark on another book year or a new project venture, it helps to have that atmosphere of unity among its employees. This fosters collective sense of encouragement and positivity in the group. However, collective thinking becomes a problem when there’s no room for outside opinions, freedom of choice is limited, and healthy disagreements are rare. Groupthink is an unhealthy consensus in decision-making wherein the compelling forces for the agreement are fear, lack of judgement, and lack of critical thinking. Group or department leaders must be responsible not to allow his or her team to develop groupthink. Even if it means that not everyone will agree with you, what’s more important is that you can count on them to help you arrive at the best decision and not just nod in agreement with you...

The first step of problem-solving – The 5 whys analysis

Darryl Bachmeier May 15, 2019 Strategy

Looking for easy problem-solving hacks isn’t always effective. Sometimes it’s necessary to really dive into the details and ponder on the root cause of it. Luckily, there are a wide range of techniques that contribute to good lean management. In this article, we’ll be discussing the 5 whys technique. And yes, it’s really as simple as it sounds. The 5 Whys technique is a simple yet effective technique that forces teams to beg the question: “Why did this happen?” It’s commonly used for unexpected events or challenges. So, who started the 5 whys anyway? Toyota Motor Corporation happens to be the pioneers of the 5 whys process. The architect of Toyota, Taiichi Ohno used this approach to get his team to ponder on the actual cause of the problem. Benefits of the 5 whys analysis? The 5 whys analysis works by team members asking ‘why’ about a particular problem multiple...

Benefits of Mind Mapping for Your Life

Darryl Bachmeier May 13, 2019 Strategy

Mind mapping can either be a tool for you or an exercise for your brain. And gaining a skill out of it brings tremendous benefits for you. Whether you are a student, a professional, or even a stay-at-home mom who is juggling tons of tasks, mind mapping can help you organize your thoughts better so you can give your day a better direction. Contrary to popular belief, you do not need to be creative to do mind mapping. In fact, mastering it can unleash your inner creativity. Mind mapping mimics how our brains work when brainstorming, and learning how to do it in the physical can help us jive with our brains. While everyone else is scrambling to get the most effective digital tools to help them become more organized and creative, I find that they underestimate the capacity of their brains that way. Learning how our brains work, that...

Why should I invest in Business Intelligence for a store?

Darryl Bachmeier May 6, 2019 Strategy

When asked why you should invest in Business Intelligence for a store, the answer will be measured in higher sales. Next, we explain how. Under the concept of “data-driven stores” Business Intelligence is born, given the need to take advantage of the infinite amount of data generated within the commercial activity and that can be very useful in the retail area. Ignorance of the possibilities offered by the analysis of data becomes a disadvantage for modern retail companies since the vast volumes of quantitative data collected daily will allow better management and control of consumer preferences. But before delving into the mystery of why should I invest in Business Intelligence for a store? It is necessary to understand how it works. The basic concept of Bussiness Intelligence This tool uses a series of tactics and own strategies for day-to-day data processing, such as; how much, what and when we sell...

5 business intelligence trends for 2019

Darryl Bachmeier May 5, 2019 Strategy

The hard work that is done inside the store is not enough to be the best, that’s why new Business Intelligence Trends have emerged for this 2019, designed to help you succeed Discover what they are! First of all, we must make clear the meaning of the term Business Intelligence (BI), which offers the possibility of observing in detail the past of the company through analysis and reports, this occurs from the historical information of the business. The vertiginous changes that business presents go hand in hand with technology, which is why it is necessary to constantly review business intelligence trends, because what used to work, today may not be so useful. Below we detail the top 5 business intelligence trends for this 2019: Artificial intelligence We should not fear artificial intelligence, and although traditional learning has been questioned, it can contribute enormously as the best assistant any analyst can...

SWOT Analysis How to Use Before You Do Your Strategic Planning

Darryl Bachmeier Apr 27, 2019 Strategy

SWOT analysis is one of the main tools in support of Strategic Planning. With that in mind, we decided to talk more about how to use SWOT Analysis to start doing your Strategic Planning. What is SWOT Analysis? SWOT analysis is a management tool created decades ago and used until today for you to analyze the external and internal environments that your company finds. With it you raise the Forces and Weaknesses (internal environment) and the Opportunities and Threats (external environment) that affect your business. How to do a SWOT Analysis? To get started you need to list all the strengths and weaknesses of the company. You can brainstorm with your team to list all of these options. One technique that can help you analyze better is to score strengths and weaknesses to find out which ones are the most important and the least important ones. When using our Ready...

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