by Granville Triumph We live in complex, often turbulent, times. Terrorism, violence, economic uncertainty and political brinkmanship — just to name a few of the issues we face — make it difficult to plot a long-range course for your business. How do you adjust your … Continue reading
Why Stewardship Is a Hallmark of Successful Leadership
by Granville Triumph In a recent interview, Russ Kinnel, Director of Mutual Fund Research at Morningstar, talked about stewardship. According to Morningstar’s research, he said, the best mutual funds are also good stewards. In fact, Morningstar assigns “Stewardship Grades” as one of the factors that … Continue reading
Calculating the Benefits of Technology Leasing
by Granville Triumph In my last post, I explained how even modest technology investments can help boost productivity, and offered three tips for maximizing the value of technology tools. Of course, many small to midsize businesses lack the capital necessary for large technology purchases, even … Continue reading
How to Leverage Technology to Boost Productivity
by Granville Triumph In a manufacturing environment, productivity is a critical factor of economic success. Defined as “the effectiveness of productive effort, as measured in terms of the rate of output per unit of input,” productivity determines whether the organizations is producing goods at an … Continue reading
What to Do (and Not Do) when Downsizing Becomes Necessary
by Granville Triumph In my last post, I discussed some of the risky aspects of business expansion along with the many positive results expansion can bring. Even well-planned growth can put unpredictable pressures on your staff, your business processes and your bottom line. At the … Continue reading
The Risks and Benefits of Business Expansion
by Granville Triumph No one is in business to get smaller, but there are also plenty of risks associated with business expansion. Your business may be humming along successfully at its current size, but growth puts pressure on your employees, processes, technology and finances in … Continue reading
The Value of a Financial Dashboard
by Granville Triumph It’s that time of year when organizations are closing the books on last year and gearing up for tax season. Accountants are busy preparing income statements, balance sheets and reports that show the organization’s financial position. All of those accounting functions play … Continue reading
Answering the Difficult Question: ‘How Much Does It Cost?’
by Granville Triumph The price applied to a product or service is one of the most critical decisions a business owner or manager makes. Pricing obviously affects the company’s profitability, but it also has an impact on sales and marketing, staffing levels, competitiveness and a … Continue reading
Why ‘Work-Life Balance’ Remains Elusive
by Granville Triumph Sheryl Sandberg, COO of Facebook and author of “Lean In: Women, Work and the Will to Lead,” famously said: “There’s no such thing as work-life balance. There’s work, and there’s life, and there’s no balance.” Human resources managers would disagree. According to … Continue reading
How Leaders Can Help Resolve Conflict
by Granville Triumph Conflict is inevitable. Whether born of miscommunication, misunderstanding, inflexibility or simple dislike, conflict is a natural part of the human experience. Within high-performing teams, conflict is even more likely to arise due to the strength of individual personalities and the drive for … Continue reading