In business, whether profit driven like so many corporations, government services or not for profit organisations, of which there are many, at this time of year we start to review our budgets. Essentially all businesses are driven by simple arithmetic. Profit (or final outcome) is derived by subtracting costs from revenue. It’s really all very simple.

Part 3: What Really Is Innovation? This article would not be complete if we do not explore the reasons why we need to innovate or else we suffocate a painful [...]

Part 2: “Innovation is the conversion of knowledge and ideas into new or improved products, processes, or services to gain a competitive advantage.” By breaking up the above definition of [...]

Measuring staff performance has always been an area of much controversy and a dreadful experience for most supervisors and managers. Simply put, it is not easy to satisfy everyone.

Our world will not be what it is today if no one took the trouble and pain to innovate to make things and life better. There have been misconceptions as to the meaning and expectation of what is innovation.

The literal meaning of change in an organizational scenario is moving from “Current State” to a “Future state” where the performance of the organization in the future state is better than the previous state.

In this year-end issue, VoiceNet’s theme is INNOVATION. We’ve all heard the word, most of us understand it to an extent, and some of us even work on it. What is it exactly? In Latin its innovationem or innovare and back in 1540 it came from the word innovatus which means ‘to renew or change’ (IN meaning ‘into’ and NOVUS meaning ‘new’).

In a recent book by an MIT Professor the startling statistic was revealed that in the 1920’s the life expectancy of a US company was 65 years, today it is less than 10!

There is a time to be humble, yet there is a time to be assertive and take action. There is a time to ensure perfection yet there is a time to go for speed and simplicity. There is a time to smile and a time to get serious, a time for discipline and a time for spontaneity. Great leaders know when the right time to alternate between contrasting leadership traits. Decision-making based on context and situation lies at the heart of great leadership.

The last two decades have been witness to events which are quite progressive in the direction of ‘globalization’ – be it at Governments’ policy levels or societal practices levels. Viewing the scene on global travel, with more airline companies – esp. the low cost ones – crowding the skies there is considerable flow of people of diverse ethnic groups around the world.

Courage evolves through openly inviting and boldly seeking its cultivation (“Genius in Gray Areas”). Organizations that focus on the value of continual learning commit and recommit themselves to their imageworkforce to form productive and accountable relationships.