Disruption used to be an exceptional event that hit an unlucky few companies — think of the likes of Kodak, Polaroid, and Blackberry. But in today’s complex and uncertain world, as we face challenges ranging from climate change to digitization, geopolitics to DEI, organizations must treat transformation as a core capability to master, as opposed…
Excited and grateful to be featured on the cover of CEO Magazine Sri Lanka’s July edition!
As far as first impressions go, Niroshan Silva effortlessly captivated us as we sat down with him for our interview. The Founder and CEO of the Training Consortium, Niroshan is a walking masterclass on self-discovery and continuous learning, and is Sri Lanka’s most sought after ‘Growth Expert’ with a fascinating, and highly demanded approach to…
Plenty of things have gotten harder lately from political divides to new complexities in how work gets done. It’s harder to connect and more challenging to ensure health and safety. But leadership may have just gotten easier.
A new study finds there are three things people want most from leaders—and when people feel these needs are…
Some argue that there are many unethical, weak, vindictive, or inaccessible leaders out there and we should consider replacing them with machines. After all, isn’t leadership all about getting things done as efficiently and fairly as possible? If we improve our processes and operations, we should be able to maximize employee productivity. Right? Wouldn’t it…
The changes in the business world are some of the most testing times for a company to withstand. It is for this reason why adaptability is one of the crucial attributes in the corporate space today. To survive, you must be able to swiftly change course whenever things go bust.
Of these many changes that a…
An organizational structure is the hierarchy of an organization and how the components of this hierarchy work together to achieve the strategic objectives of the company (Ahmadya, Mehrpourb & Nikooravesh 2016). If the structure of the organization and the underlying design principles which construct it are not in alignment with the core purpose of the…
Starting a company, whether it’s a social enterprise or a regular one, is a high-stress endeavor and not for everyone. But does it harm founders’ mental health? The answer, according to a new report, is yes. In fact, many startup founders say the process of starting company has been detrimental to their well-being.
But the problem…
How can family businesses make the tough decision of whether to reduce or suspend dividends to their family owners during an economic crisis? “Be prepared to be flexible” is the answer.
COVID-19 is our latest example, admittedly on an unprecedented scale, of the harsh reality that bad things can and will happen. Economic recessions occur…
Abstract
Family firms in tourism and hospitality (FFTH) are often characterized by their long-term orientation and strong “familiness” and embeddedness in tourism destinations. Families however are often confronted with and have to adapt to global change and can sometimes struggle with drastic changes in the tourism industry. And while the current COVID-19 pandemic will mean…
We have entered a new era that’s presenting unprecedented challenges, as well as significant opportunities, for family enterprises. Some of the traits of successful family businesses — their long-term outlook, strong financial resilience, stakeholder loyalty, and commitment to positive social impact — will aid their success in this new era. However, other traits — such…
We are in a middle of a work revolution, Globalisation and the rise of automation paired with the next generation of computers who desire more personal, intuitive brand experiences are driving companies to rethink their approach to talent management and acquisition. For that, every company has some form of programs designed to foster their talent,…