yair-hamami-blog

[yair-hamami-blog]

Yair Hamami and How Brexit is Changing Business in Europe

How will Brexit affect Europe? Last year England pulled out of the European Union (EU) in a vote that supported the “British Exit” from the EU. The big question is how the move will affect Europe including business on the continent.

1. British Pound

The pound has fallen 13% since it had a value of $1.47 right before the vote for England to leave the EU. The sharp drop in the pound’s value has altered calculations for merging companies throughout the world.

In some situations, the drop of the pound’s value has resulted in bargains. One example is SoftBank. The Japanese web company agreed to purchase ARM, which is a British semiconductor designer. The pound was much weaker versus the yen when the deal was made compared to recent years. Yair Hamami reports Softbank's CEO said that the lower currency wasn’t a key factor in the purchase.

Another example is the Chinese company that’s the owner of AMC Entertainment. It purchased a movie theater chain based in Britain.

Qatar Airways also boosted its stake in British Airways’ umbrella company. It stated that it was an “attractive” business opportunity.  

However, the dropping value of the pound and the more question marks about England’s future trading relationships have caused some business deals to be in doubt. That’s happened in the short term.

Yair Hamami reports that Anheuser-Busch InBev was required to make a better deal for its competitor SABMiller prior to the deal being accepted.

2. Finance

Yair Hamami reports that the FTSE 100 index has increased around 12% since the close right before the vote in June 2016. The biggest effect of the vote has been seen in markets.

The value of the pound has dropped sharply. It hit the lowest point in 3 decades versus the US dollar. Following the Brexit vote mutual funds based on England’s property sector were affected. It resulted in investor being blocked from withdrawing their cash in large amounts.

On the other hand, stocks have held up better following the Brexit vote. They fell right after the vote. However, the FTSE share index is now much higher than where it closed when the Brexit vote took place.

One big factor is the FTSE 100 is greatly made up of companies that do much business abroad. Thus, Yair Hamami points out that a weaker currency boosts their earnings and also makes the products seem less expensive outside England.

3. Uncertainty

England’s economy is surviving many of the issues that resulted in fears that leaving the EU would have negative results. However, some experts say it was because England hasn’t officially left the EU yet. It’s argued that there will be worse results in the future.

Following the Brexit vote, the Bank of England cut interest rates to the lowest figure in the central bank’s history that’s lasted over 3 centuries. Yair Hamami reports it’s now forecasting that England’s economic growth will increase. It believes it will grow up to 2% this year. That’s higher than forecasts in the future.

Yair Hamami shares these are some factors affecting Europe after last year’s Brexit vote.

[yair-hamami-blog]

The 5 Main Rules You Must Adhere to in Your Corporate Strategic Planning

Is your company doing corporate strategic planning? If so then you should consider certain rules that will help you to produce the best strategic plan. Here are some of them from Yair Hamami strategic planning:

1. Revisit the business plan regularly

This is one of the top corporate strategic planning rules you should follow. It’s advisable to review the business plan every quarter or so. This is important because the business world and various industries are constantly changing. For that reason, it’s critical to keep reviewing the strategic plan to determine whether or not adjustments are needed.  

There’s a chance you won’t have to make major changes to the business plan. It’s worth reviewing to determine if that’s the case.

2. Don’t second-guess yourself

Here’s a key corporate strategic planning rule to follow in terms of making decisions related to your strategic plan. On one hand, you shouldn’t rush your decisions because the results could be ones you’d rather not get.

On the other hand, after you review your company’s strategic plan, current situation, and future plans, it’s time to make decisions. If you review all your options and consider the various options you have then there’s a good chance that you’ll be making the right decision. However, if you don’t follow those guidelines the opposite will likely happen.

3. Think twice about a strategic plan

There’s a question about whether or not your corporate strategic planning should require a strategic plan. Right now there’s some debate about whether or not a company actually requires a formal strategic plan.

There are pros and cons to having a strategic plan. If you’re going to have one then it’s advisable that it’s not more than 1 or 2 pages. Make the document detailed but precise. Keep in mind that when investors, stakeholders, etc. review the plan they won’t want to sift through hundreds of pages. This is one of the main reasons you should limit the business plan to a few pages.

4. Make tweaks when necessary

There are times when you’ll have to make wholesale changes to your business plan. However, one way you can avoid making them often is by tweaking the plan when you revisit it every quarter. This is one of the top corporate strategic planning tips because it can save you a lot of time and effort.

Again, there are situations when you’ll need to revamp your strategic plan. On the other hand, if you keep revisiting and tweaking the plan in order to get on track.

5. Focus on results!

This is one of the most important rules to follow. It’s really about the determining your company’s current situation. Then you should set goals and objectives. The next corporate strategic planning step is to create an action plan.

What’s most important is to make sure that you’re focusing on results and not just the steps you’re taking per se. The actions are critical but the main goal should be to reach the goals and objectives you’ve set. This is important because it’s easily one of the most important issues to consider.

[yair-hamami-blog]

Business Growth Strategies for the Acquisition of Smaller Companies

Are you in the market for a small company? If so then you should consider various business growth strategies if you want to produce the best results. Here are some issues to consider from Yair Hamami manager:

1. ODI

The Owner’s Discretionary Income (ODI) is the amount of money the business’ seller ends up after paying rent, employees, overhead, and taxes. This is one of the top business growth strategies to consider. This is an important figure to learn. If you can’t live on the current ODI or the figure has been dropping for many years it’s something you should be concerned about. It’s a sign the company is on the slide.

Before you buy a small business make sure to get the ODI in writing. Then do some research to find out if the figure is accurate. If it isn’t then it’s a red flag and you should definitely think twice about purchasing the company.

Here’s another red flag. Watch out for sellers who say the ODI is higher than what they report. There could be a number of reasons for this happening but they’re all good reasons to think twice about purchasing the company.

2. Demographics

This is one of the key business growth strategies because it’s about the dynamics of the company being on sale. For example, if it’s in a small town there could be politics involved. It could involve the population increasing/decreasing or getting younger/older.

Another important issue is any proposals for zoning law changes since it would affect the use of a particular location. Zoning laws aren’t the most fun issue to deal with when planning a business acquisition but it’s something you should consider. In the case that certain zoning laws are changed it might be unlawful to operate a certain type of business in the area.  

3. Learn about sales taxes

Here’s another of the business growth strategies to consider if you’re planning to buy a small business. It’s important to avoid paying the seller’s sales taxes. There’s the case that the seller has been under-reporting sales taxes.

As a result, if the local tax authority finds out you could end up paying back taxes and it could be quite high when interest is factored in. There’s a chance you could sue the seller but by the time you process the paperwork there’s a chance the person is nowhere to be found.

4. Competitor’s location

Here’s another of the key business growth strategies to follow if you’re considering the acquisition of a small business. If you’re planning to buy a service or retail business, there’s a chance that there are one or more franchises in the area that could cause you a world of trouble if they move into the area.

In fact, you should consider contacting big chains to find out if they have plans to build a location where you’re planning to buy the small business. This is one of the top business growth strategies because it can save you a ton of money and help prevent big losses in the case the company moves into the area.

[yair-hamami-blog]

Why Is It Important for a Fresh Unbiased Source for a New Product Strategy?

Are you developing a new product strategy? There are many features you should try to add to it including freshness and objectivity. These are some of the most important factors because they can provide several Yair Hamami manager benefits including the following ones:

1. Realistic

A key benefit of a product strategy that’s from an unbiased source is that it will include a realistic plan. That’s because it will be from a third party that’s unbiased and focusing on the company’s current situation. That, in turn, will help to produce a more realistic strategy.

This is an important issue because it will help to ensure that it’s practical for your company to achieve the goals/objectives of the plan. That will be less likely if there’s bias built into the plan. In that case, it could involve some unrealistic goals that aren’t likely to achieve with the new product.

There’s nothing wrong with having stretch goals. If an act, those are important in order to help your company to achieve more through its products and services. On the other hand, their product strategy should also be as realistic as possible.

2. Competition

When developing the product plan it’s important for the ideas to be as fresh as possible. One of the main benefits is that it will give you a competitive edge over rival companies. It can be quite tough to develop a new product/service that’s completely different from anything else on the market.

That said, if you’re able to do that then you should expect to have an edge over rival companies. It all starts with the product strategy. This isn’t to say that you have to reinvent the wheel. In fact, you might even get some ideas from products that are already on the market.

However, it will be very tough to compete with other companies if you’re basically churning out the same stuff they are. An outside company that develops the strategy for your new product will help to give you an edge.

3. Sales

This is one of the most practical benefits of a fresh and unbiased product strategy. If you're creating a plan that’s fresh and objective then there’s a greater chance that you’ll be getting better results. The reason is that the ideas will be new and you’ll be getting an unbiased view of the industry.

Your company is likely concerned about other issues besides sales. In fact, there are other metrics you should watch including profits, margins, etc. That said, more sales help to keep the lights on, which is important for any company.

4. Efficiency

Yet another key benefit of hiring a third party to develop a strategy is that it will make your company more efficient. You can then focus on your core business. This isn’t to say that the product plan isn’t important. However, it’s a plus when you hire a professional company to handle it.

These are some of the main benefits of hiring a third party to develop a product strategy for your company. It can save time, effort, and money.

[yair-hamami-blog]

Companies Where You Can Source a New Business Strategic Plan

Does your company need a business strategic plan? If so then one option is to source the work to another company. The key is to pick the right company. Here are some of the Yair Hamami business strategy options to consider:

1. Employees

When picking a company to develop your business strategic plan make sure to consider the employees themselves. For example, what are the general qualifications for the workers? This is an important issue to consider to make sure that you’re picking the right company.

It goes without saying that you won’t have to research the credentials of each person that does work on your company’s strategic plan. On the other hand, it would be a good idea to learn about the general qualifications of team members. That will help to produce the best results.

2. Experience

This is an important issue to consider when comparing different companies that develop business plans. For example, how much experience do they have developing strategies for companies? This is important because it could affect the quality of the results.

Besides the experience in developing a business strategic plan, you should also find out if the company has experience in your company’s niche industry. This is also important because it can also affect the general quality of the plan the company produces for you.

3. Tools

This can involve various types of tools. The software is one of the most practical ones so it’s important to consider so make sure to review the general tools that the company uses to develop the strategic plan.

Again, you won’t have to learn about each and every software product the company uses. On the other hand, it helps to know the general tools the company uses to develop a business strategic plan. This will help to determine whether or not you should consider doing business with the company.

Keep in mind that the tools themselves won’t develop an effective strategic plan. You should also consider other resources of the company including its employees. However, it’s still an important issue to weigh as it can have a big effect on the quality of your company’s new strategic plan.  

4. Reviews

Another key issue to consider when picking a company to develop your business strategic plan is the reviews the company has received. For example, are they general positive or negative? This helps to determine whether or not you should consider doing business with the company.

You shouldn’t worry about one or two negative reviews. Make sure to look for the general consensus of the company. This is most important there’s a good chance you’ll have the same experience as the majority of the company’s customers.

5. Location

This generally isn’t a problem and especially if the company is online. However, if you want to meet with the company in the real world to talk about issues then it’s highly advisable to pick a company that’s near wherever your home or office is located.

These are some of the key features to consider if you’re looking for a company to develop your business strategic plan.  

[yair-hamami-blog]

Why a Business Strategy Model is Increasingly Important, Whatever the Size of Your Business

What size is your business? Regardless of whether it’s a small startup or Fortune 500 multinational corporation, it’s important to have a business strategy model. Here are some of the main benefits of a Yair Hamami business strategy:

1. Provide direction

Where does your company want to go? It’s not really enough to decide you want to boost sales, profits, etc. It’s more important to have a roadmap that can help to guide your company. There are various ways you can do that and one of the top ones is a business strategy model.

A strategic plan focuses on your company’s plan for growth. You can always tweak the plan based on changes in the industry, for example. However, what’s important is to focus on having an original plan about how your company can boost growth. There are various methods involving new products, marketing, etc. What’s important is to have a starting point.  

2. Boost the company’s longevity

How long does your company hope to stay in business? Statistics show that it’s critical to last the first two years in particular. If you do that then there’s a good chance your company will survive.

There are several ways to boost the company’s longevity. One is to develop an effective business plan. That will include a plan for boosting your company’s growth. If you have such a plan it will provide more stability for your company.

That’s because you’ll have the stability of the business plan. That, in turn, will increase your chance of surviving the tough times.  

3. Plan for the future

It’s important for any sized company to plan for the future. One way you can do that is through a business strategy model. The strategic plan is one for your company’s growth. Regardless of how successful your company is already, there’s always room for improvement. That’s why you should consider a developing a strategic plan.

Unfortunately, there’s no way to see into the future and learn what external factors your company will experience in the future. That said, you can plan for the future by developing an effective business plan. That, in turn, will help to provide a blueprint your company can use to maximize its growth.

4. Make better decisions

When you use a business strategy model your company will be able to make better decisions. There are various reasons. One of the key ones is that it will provide a plan for your company to boost growth. On the other hand, without having a plan it will be tougher to make good decisions. The reason is you won’t have the framework that includes your company’s future plans for growth.

Having the right information can help to make the best decision. Even when your company’s funds are limited the business strategy model can still help to make better decisions, which will benefit the company.

These are some of the top benefits of developing a business strategy model for your company. It can benefit your company regardless of the size of the business.

[yair-hamami-blog]

Business Success Tips for People Who Want to Work from Home

Are you working at home? Today many people are deciding to work from home for various reasons. They might be tired of 1-hour commutes, want to spend more time with their families, and so on. It’s important to find some business success tips to make you as productive and efficient as possible. Here are some helpful Yair Hamami success tips:

1. Imagine that you’re going to the office

Even if you don’t have a 9-to-5 job in an office it’s important to put yourself in the mentality that’s what you’re doing. One key benefit of working from home is that it’s easier to always get a full night’s sleep. On the other hand, it’s also easier to lounge around in the morning. It’s important to do your morning ritual when you wake up, then hit the floor running.

 2. Have a home office space

You might be surprised this is one of the business success tips. Many people think that working at home in an informal environment will make them more efficient. The problem is it can cause problems such as distractions.

On the other hand, if you create a home office space you’ll have space where you can focus on your work. This is effective because you’ll be less likely to spend time on distractions such as Facebook, YouTube, and others.

Make sure to add all the furniture and equipment you need to space. That will provide you with all the tools to get your work done. You can even save some money by using furniture/equipment you already have in your home. That can help to save you a small furniture since PCs and desks can be quite expensive.

3. Start working early in the morning

Not everyone is an early bird, but this is one of the best business success tips if you want to make your workday as productive as possible. You should avoid sleep deprivation, but when you wake up naturally get started early. Having no commute is one of the perks of being home-based so you can take advantage of it by getting an early start.

One of the key benefits of starting early is that you’ll have more free time later to spend. You could spend the time doing a workout, watching a movie, spending quality time with your family, etc. What’s most important about such business success tips is that starting early means that you’ll finish early.

4. Make a daily to-do list

This is an effective step that can work in a physical office and can be effective as one of the business success tips as well. Make a list of everything you want to get done during the day. Put the 1-2 most important tasks at the top of the list and try to complete them before lunch. That’s when you’ll have the most energy during the day and it can also help to motivate you to complete your list.

These are some of the top business success tips if you want to make your home-based work as efficient as possible.  

[yair-hamami-blog]

Yair Hamami Management and How Your European Management Team Will Look after Brexit

How will Brexit affect your European management team? Yair Hamami management reports that it’s likely your EU-based company will be affected by the British Exit from the EU. However, the big question is what kinds of changes your company should expect.

A recent survey was contacted about the effects of Brexit on UK and EU companies. An interesting finding is that about two-thirds of CFOs believe it will have a negative effect on the UK’s economy. However, Yair Hamami management reports just 37% thinks that other European companies will be negatively affected by Brexit.

The takeaway is that companies generally think that business effects will generally be contained in the UK. It remains to be seen what the long-term effects of England leaving the EU will be. It should also be noted that the country won’t officially leave the bloc until two years from now.

As a result, many of the guesses about how the UK and EU will be affected by Brexit are based on speculation. Yair Hamami management reports that that the two-year trigger until the official exit from the EU has been started by the UK’s Prime Minister.

Experts also point out that there were various political shocks during last summer. That, in turn, has added to the question marks that many companies have in terms of Brexit. In fact, it’s made the situation more complex because it’s increased the amount of uncertainty that exists for the UK and EU.

The survey showed that one-third of CFOs in Europe stated that the Brexit negotiations will have a negative effect on their companies. The biggest concerns are about changes in regulations. However, Yair Hamami management reports there are also other concerns related to European businesses including limits on export opportunities and workforce mobility. So it’s really been a combination of factors that have affected companies’ uncertainty about how they’ll be affected by Brexit.

England voted to leave the EU in June 2016. Since then many people in Britain and the EU have wondered about how it would affect business in the region. In part, this explains the results of the survey and the concern many CFOs have regarding how Brexit will affect businesses in the net years. Yair Hamami management reports this will be a major issue.

In fact, there was a chance for a while that Brexit could be blocked. The reason is that the UK’s High Court ruled that Prime Minister May must get parliament’s approval before launching “Article 50” and pulling Britain out of the EU.

However, it’s been pointed out that even though she requires Parliament’s approval it doesn’t mean that Brexit was canceled. This is an important issue.

Various financial experts have stated that they believe there’s little chance that Parliament will try to blog May from triggering Article 50. It’s also not likely that the House of Lords would stop it from being approved.

Yair Hamami management reports that it looks like Brexit will indeed be approved. As a result, it’s important for UK companies to prepare for this situation.

[yair-hamami-blog]

The Best Universities to Study International Business Strategy

Do you want to study international business strategy? If so there are various universities you can select from. Here are some of the best options:

1. HEC Paris

Here’s another of the best schools to learn international business. One of the keys to this school is that it was founded a while ago in 1881. In fact, the school was one of the first ones in the entire world. HEC is located on a campus that covers 300 acres on the perimeter of Paris.

In 2012 the school launched a new MBA building. The school’s curriculum includes a customized system that includes fundamental/customized phases. In the fundamental phase, the students take core classes and team up with career coaches. Then during the customized phase, they take elective courses and might go on international exchange programs. These are some of the top features of the international business strategy school.

HEC’s MBA program features experiential learning. Most students do a fieldwork project while completing the customized phase. Around 50% of the class of 2014 worked in Europe after graduating. The other half worked in other regions of the world.

2. IESE Business School

This school is at the University of Navarra. Almost 85% of the students at the international business strategy school are from abroad, while about 40% are from Europe. Not only that, but students originate from 56 nations and are taught by teachers from 30 different countries.

The only required language at the school. On the other hand, IESE became the world’s first business school to offer an MBA degree for bilingual students. The school also has an FINAVEs program that helps to launch student-launched businesses. As a result of the program, there have been 30 new companies launched and 1,500 jobs created.

The parent school of the international business strategy school is located in Spain. In fact, it’s a famous city because it’s where the yearly running of the bulls takes place.

3. London Business School

This is one of the best options to major in international business strategy. London Business School is one of the best 2-year programs located in Europe. The school is in the center of London. However, nearly 90% of the school’s students are from outside the UK.

All of the students are required to be fluent in a language besides English before they graduate. Students have the option to finish their MBA in 15-21 months. In 2014 one in eight graduates were hired after graduation. In fact, they were also hired by high-profile companies including Amazon, Citigroup, and Bain.

4. CEIBS

Here’s another top international business strategy school to consider. This school was founded through an agreement between the EU and the Chinese government. That was in 1994. CEIBS claims to be the leading business school in China.

Its main campus is located in the city of Shanghai. However, it has other satellite campuses including one in Beijing. Just 7% of the class of 2016 were from Europe. Meanwhile, about 80% were from Asia and the majority were from China.  

[yair-hamami-blog]

Why a Global Business Strategy Is Vital to Building Your Brand

Does your company need a global business strategy? It can provide several benefits for your brand including the following:

1. Provides an international strategy

This might seem to be one of the most obvious benefits of the strategic plan. However, it’s important to note there’s a difference between a general business plan and global business strategy. The latter is a strategy for the company’s growth. This is critical for both the company’s national and international operations.

It’s also important to take steps to implement the strategy. It’s an important part of the process after you’ve developed a global business strategy. That said, if you don’t develop the strategy first you won’t have a plan to put into action.

2. Allocation of funds/assets

This is one of the main benefits of a global business strategy. It’s important to track where your company’s money is going and that includes its international operations. So this is one of the key benefits so f an international business strategy.

It’s important to keep track of where your company’s money is going. That, in turn, will help to cut costs, which can boost your margins. This is important for your company’s financial stability.

If your company needs more funds for its plans, a strategy should be included in the business plan. That includes options such as investors and leaders. As a general rule, you should try to borrow money when operating a business.

That said, if you need more capital for your international operations you should certainly consider using a global business strategy. It can function as a plan for funding your company’s growth plans. The first step is to develop the plan but it’s just as important to shore up the funds so you can implement the plan effectively.  

3. Clarifies global objectives

What are the global goals of your company? It probably has created goals and objectives but it’s important to put it in writing. That’s why it’s critical to develop an international business plan. It will help to provide target goals and objectives that your company wants to achieve.

The actual objectives can vary. Do you want to launch new products/services? Should sales figures be higher? Is it time to launch a mobile app? The actual goals of your company aren’t as important as having ones that your company wants to achieve. It all starts with stating them in the global business plan. You’ll then be on track to achieve them with a Yair Hamami business strategy

4. Provides a roadmap for the management team

This is another key benefit of developing an international business plan. It’s important for the management to know where the company wants to be in terms of its growth. That, in turn, will provide them with a plan for implement the company’s future plan.

On the other hand, without a global business strategy, it will be tougher for management to make decisions about the company’s international plans. Just as it’s important to have a general business plan it’s critical to have one for your company’s international operations as well.    

[yair-hamami-blog]

7 Software Industry Trends in the IT Landscape This Year

What software trends should you watch out for in 2017? Some of the biggest software industry trends of the year will include the following:

1. Retail

Here’s another of the key software trends to watch in 2017. Retail companies will focus on personalization. That’s especially true of the health 7 beauty industry. It’s a big market. However, right now it’s totally based on the subjectivity of large brands. The industry must start recognizing the specific needs of health/beauty companies. It’s important to provide more customization.

2. Workplace

The number of online bots available to help to complete work keeps increasing. This is a plus for companies as they move from email to instant messaging. It’s one of the software industry trends to watch for the year.

Software used for work will be connected with many instant messaging products. For the past half decade or so many businesses and startups have gone mobile. The next big trend to watch is bots.

3. Observability

Here’s another of the key software industry trends to watch in 2017. Today architecture is developer-driven and more agile. It’s also very tough to troubleshoot. In various cases debugging the distributed systems of today involves dealing with factual complexity.

Tools for future observability allow success through architectural patterns such as functions as a service and micro-services.

4. Social Causes

Data is important for the decisions of your favorite charities. This year non-profit organizations will share more data. That’s based on their successes/failures. The goal will be to boost their transparency and trust. So this is one of the key trends to watch this year. Watch for analysis that’ real-time and easily accessed. It will replace the current research reports that become outdated when you get them. So this will be one of the big software industry trends in 2017.

5. Product Management

Here’s another of the software industry trends to watch in 2017. The Pm community will become not only stronger but also more diverse. It’s key that diverse teams make better products. There are various new products that try to provide more diversity/inclusion to various industries. This is something you should expect to see this year. You should also expect PM to become more strategic. You should expect PM to become more strategic during the next year.

6. Microservices

Microservices have only been around for a few years. However, they’ve become one of the hottest trends in software. There are going to be some issues in 2017. For example, some tactics that worked in the past with a few services won’t work with thousands. They include logging, patching, and capacity scaling.

7. Frameworks

The top applications for iOS, Android, or Windows leverage the platform. In a similar way, you should be ready to see applications rely on a bigger group of platform services. They’ll also leverage APIs better. This is one of the software industry trends to watch for 2017.

However, note that the integrations are functions for different business functions. Thus, you should be ready to see frameworks handle more responsibilities. Yair Hamami software developers can then focus on business logic.

[yair-hamami-blog]

How Sports Teams Utilize Strategy Development Programs to Achieve Success

How can sports teams achieve success off the field or court? One way is through effective strategy development including the following options from The Yair Hamami business strategy:

1. Word of Mouth

This is an old-school yet effective way to get the word out about your company. The first options are generally your team’s website and social accounts. However, the next method is word of mouth. This is one of the oldest types of communicating but is also an effective strategy development technique.

Based on the size of your sports team you’ll have access to wide variety of people from friends, relatives, and others who are connected to your team’s members. It’s highly advisable to leverage those contacts in order to leverage the tool of word of mouth.

The reason is people connected to your team are highly likely to want to spread the word about future games/events. They might even be fans of the team themselves. However, even if they support a rival team they’ll likely be willing to help people they know to achieve success.

This process works if everyone is kept up-to-date about the latest info related to the team. Your team’s members can only inform others about the info they already know. There are various ways you can use this strategy development method.

One of the most effective ones is email. It’s an excellent way to keep everyone in-the-know about the latest information. They can also ask others to spread the word about team-related info. This type of promotion can also be effective with other types of online marketing methods. For example, friends and family could be invited to Facebook events.  

2. Social Media

If your sports team isn’t using social media then it’s important to keep in mind it’s one of the top strategy development methods. Consider the fact that Facebook has almost 1.9 billion monthly active users around the world. This shows the value of using social platforms to get the word out about your team they’ll want to get the freshest information. Social media is definitely one of the best options since it allows them to learn about the team, ask questions, make comments, etc.

This is one of the most effective ways to interact with fans and others so it can definitely be a key to strategy development. One important step to take is to learn which social platforms your fans tend to use. That can allow the team to focus on those in order to interact the most effectively with fans and others. 

It’s advisable to consider using multiple social platforms including Facebook, Twitter, YouTube, and others. That will help to produce the most engagement with visitors to your site. When fans, journalists want to get new information about your team they’ll  

3. Posters

Here’s another of the best strategy development methods for your sports team. This actually refers to paper-based posters. It’s an oldie-but-goodie way to get the word out about your sports team. You can even find free services for designing posters that look professional. Even if you’re not a designer you can use the software. You won’t have to hire a person to design a poster.

[yair-hamami-blog]

Why is Leadership Effectiveness Affected by High Staff Turnover?

What are the costs of high turnover rates? It can affect various aspects of a company including leadership effectiveness. Here are some of the ways explained by a Yair Hamami leadership.

1. Customer Service

This is one of the key ways that high turnover rates affect the issue of leadership effectiveness. The reason is that when a company is constantly replacing workers who left the company it impacts customer service they can provide to customers.

That’s due to many factors. One is simply being understaffed and not having the workers needed to provide the best customer service possible. Another issue is that since the company is constantly replacing old workers the company must use resources for that instead of on other key expenses of the company. That, in turn, can affect the company’s customer service.

2. Productivity

This is an issue that affects leadership effectiveness. The reason is that teams are constantly having a start and stop working with a certain team roster. As a result, it involves training new workers on a continuous basis. That results in lower productivity as it takes away from the workers’ daily work.

There’s also the fact that the Human Resources department is always spending time looking for new workers and processing the old ones. That also affects their own productivity since they can’t deal with other important HR issues of the company. So this is yet another way that high turnover can affect a company’s management.

3. Profits

Here’s yet another factor that can affect leadership effectiveness. When a company is constantly spending money to hire and process workers, the costs can be very high. That can require it to spend funds that could have been used for other departments such as marketing/sales, R&D, etc.

This results in the company being unable to maximize its profits. The company is basically a revolving door and leaky bucket. Both situations have a negative effect on the company.

4. Overhead

This is another way that high turnover rates can affect leadership effectiveness. The costs of finding new employees can be very expensive. That’s true whether you post ads or hire an agency. In both situations, the costs can be quite high.

Then there are the costs of processing, training, and supporting a new hire. This can be very expensive as well, and especially if you’re constantly going through the process.

Then if workers are constantly quitting the company that can also affect the company’s overhead costs. This is especially true of the HR department that’s required to process of the worker as they leave the company.

Keep in mind that a major issue related to leadership effectiveness is that these figures can be exponentially high if there are tons of workers who are constantly leaving the company. If that’s the case then the overhead costs can be sky-high. That can take away from the company to deal with other important issues.

5. Motivation

The motivation levels of management and employees can be affected when there’s a high turnover rate. It can cause extra stress and other issues. In some cases, it can even result in people quitting themselves.  

[yair-hamami-blog]

What Are the Most Important Aspects of Leadership and Management Roles within the US Healthcare Industry?

Are you a manager in the US healthcare industry? If so then it’s important to know some of the most important leadership roles. This will help to boost your management skills and here are some of the most critical ones:

1. Motivate workers

This is one of the most important leadership roles you can have in the healthcare industry. Sometimes it can be tough when people are putting in long hours and are stressed out. That’s the time when you have to figure out how to motivate your workers.

It can be a tough job. One of the keys is to know what makes people tick. That includes the individual members of your team. It’s critical to find out a way to motivate them even when they’re tired, angry, worried, and so on. If you’re able to do that then you’re well on your way to being an effective leader.

2. Be open and honest

Here’s another of the key leadership roles you should try to follow. Communication is more important than ever since there are now many channels you can use via the web. That includes email, mobile, social, chat, and others.

However, just as importantly it’s important to be open and honest in all your communication. That, in turn, will help to produce better results when you communicate with your team members. It will be easier to earn their trust and respect, for example.

It’s important to work on both your written and spoken communication. Both are important in the healthcare industry. There are times when you’ll have to speak with people in the real world, and other times you’ll have to send notes, letters, memos, schedules, and so on.  

3. Empower your workers

Here’s another of the top leadership roles you can have in the US healthcare industry. This involves giving your workers the tools to become better workers in terms of productivity and efficiency. It can be a tough task but is certainly worthwhile if it’s done effectively.

The result can be quite amazing. For example, your workers might get motivated to be better workers and even aim for leadership jobs themselves. If that’s the case then you’ve certainly done a good job at empowering your workers.

Another issue that makes this one of the key leadership roles is that it will also benefit healthcare workers if they leave the company one day. They can use the skills they learned at other workplaces, so the results of the training can last for years or even decades.  

4. Be an active listener

This is yet another of the most important Yair Hamam leadership roles you can have in the healthcare industry. It’s not really enough to hear what people are saying. More importantly, you should try to be an active listener. What are your team members saying and what are they implying?

This is a skill that can take a while to achieve but it’s definitely an important one that can make you a better manager. It’s all about focusing on the words and suggestions that are made when communicating.

[yair-hamami-blog]

The World Famous Toyota Business Strategy Process Explained

What’s Toyota’s business strategy process? Many business people have wondered what’s the secret of the world-famous strategic planning process.

It all starts with something called “hoshin kanri” or policy deployment. This is a method for making sure that a company’s strategic goals drive action and progress at each level in the company. It’s at the core of Toyota’s business strategy process. One major benefit is that it ends waste from poor communication and inconsistent direction.

The goal of hoshin kanri is to get each worker going in one direction at one time. The way it achieves this goal is by lining up the company’s goals (strategy) with middle management’s plan (tactics) and the employees’ work (operations).  There are various steps in the process:

Step 1: Make a strategic plan

This is the first part of the process. The strategic plan is developed by top-level management. The goal is to promote the long-term goals of the company, such as Toyota. It’s important for the plan to be built to deal with a small number of important issues. They include the following items:

Focus on Five: This involves focusing on 5 or fewer goals

Effectiveness First: There is a key difference between efficiency and effectiveness

Evolution vs. Revolution: Goals can be evolutionary or revolutionary. This is an important part of the business strategy process that companies should take note of.

Top Down Consensus:  Top-level management must develop the company’s strategic plan. It’s one of the most critical responsibilities they have. They must also work with middle management to serve various functions.

Careful KPIs: These provide the method for tracking the company’s progress as it works towards its goals.

Own the Goal: Each of the company’s goals should have an owner. It’s a facilitator/coach

Step 2: Develop tactics

This involves mid-level managers creating methods that will produce the best goals that have been stated by top-level management. An important part of the business strategy process is something called “catchball.” It’s an exchange between mid and top-level management to make sure the strategy/goals are understood well. That there’s a strong alignment between strategy/tactics, and the KPIs are correct and useful.

Step 3: Take action

This is done at the flat floor level. Supervisors/team leaders figure out the operational details to launch the tactics planned by mid-level managers. The principal of catchball applies in order to make sure all of the plant floor activities are lined up with tactics/strategy. That’s an important step in the business strategy process.

At this level goals/plans and converted into results. It’s where the real action happens. So managers must be connected closely to activity.

Step 4: Review/adjust

The previous steps flowed from top-level management to the plant floor. It’s also important that information also flows in the opposite direction. That’s information about progress and results. It’s the second flow that builds a closed loop system. That allows the entire process to be controlled and adjusted.

It’s important for progress to be tracked at all times such as every month. This helps to provide a chance for tweaking tactics and the operational details that are related. It’s part of the Yair Hamami business strategy process.  

[yair-hamami-blog]

How the Mobile Generation Has Affected Yair Hamami Success Standards

How has technology affected modern business success? One of the key effects has been mobile devices, and here are some of the main ways it’s affected Yair Hamami success standards:

1. Location-based offers/services

Here’s another of the major ways that mobile devices have changed the way business is done. Today more companies are offering services and offers that are location-based. This allows more engagement from customers.

That’s because they’re able to stay connected via their social networks. If you want to see the true effect of location then look at social platforms such as Foursquare. This highlights the need to consider offering such offers and services for owners of mobile devices.  

2. Small screens

This is might seem like a case of stating the obvious but it can help your company to achieve Yair Hamami success. It starts with making your websites mobile-friendly. This is important in terms of the site being compatible with the smaller screens on smartphones and tablets.

It’s important to consider these adjustments because it can provide a better customer experience, which is one of the goals of today’s companies. It’s important to avoid issues such as the site’s design and navigation that would have a negative effect for mobile device owners.

Ann even better option is to develop a mobile app. The main issue is that this will require more time, effort, and money for your company. On the other hand, it’s an effective way to provide the best experience possible for current and potential customers. If you want to achieve Yair Hamami success you should certainly consider this option. Think of it as an investment in the mobile generation.  

3. Text Messages

Even with the growing popularity of social media, SMS messages are still an effective way to interact with your customers. In fact, millions of people are still sending and receiving text messages. One method you can use is opt-in SMS offers.

This can help to achieve Yair Hamami success by providing special offers to your most loyal followers. Due to the increasing use of mobile devices including smartphones and tablets text has remained a very popular way for consumers to communicate.

On the other hand, the number of companies that use SMS as part of their marketing strategy isn’t as high as it probably should. This is one reason you should definitely consider the option.

4. Mobile Apps

When Apple launched its App Store it was a game-changer in the world of mobile devices. It now offers over 2 million apps and Google’s Play Store has even more apps. One way to achieve Yair Hamami success is to consider launching an app for your site.

There’s the issue of the resources your company would need to use in order to develop a mobile app. However, you should consider the benefits it can provide your company in terms of improving the engagement among your customers.

The number of mobile device users is increasing as well as how often they’re using their devices. This stresses the importance of developing a mobile app in order to achieve Yair Hamami success.

[yair-hamami-blog]

Yair Hamami Leadership Tips #5: How Do You Incentivize Your Sales Team?

Do you want to motivate your sales team? If so then it’s important to know how to incentivize your sales reps. Here are some Yair Hamami leadership tips:

1. Task-Based Workday

Here’s another way you can motivate your workers. It’s about switching up the workday to keep your sales team fresh. It’s an excellent option for hourly workers. Here’s how it works. Instead of requiring the workers to put in X hours during a workday, make the workday a task-based one.

In other words, give the workers a number of tasks to complete within a certain timeframe. This Yair Hamami leadership tip works because it provides more flexibility. The sales reps can figure out the best way to complete the tasks.

The process is different than requiring workers to put in X hours of work during the workday. Even if you use that process on a regular basis it’s better when you switch up the work-day and changing the schedule is one of the most effective options.

2. Blow Off Steam In-House

Here’s another of the top Yair Hamami leadership tips if you want to incentivize your sales team. One option is to offer free activities that let your workers blow off steam. This could include dance or yoga classes, and other options.

What’s most important is that the offering is free. This will help to incentivize your workers since you’re giving them an opportunity to blow off steam on-site. It will also save time so they won’t have to travel to their local gym.

3. Idea Bounty

You might not have heard of this incentive for sales teams but it can be one of the top Yair Hamami leadership options. Workers like bonuses, right? However, there can be all sorts of types.

This is an excellent way for your sales team to each have the same chance of contributing to plans for the team. The goal is to create ideas that will benefit the team and company. Here’s how it works. A team member thinks of an idea for boosting sales.

The other team member then votes on the idea. Once it’s implemented the worker gets a $20 “idea bounty” for the idea. This is an excellent way to provide sales team members a chance to participate in creating ideas for the team. Not only that but they also have the chance to earn some money, which is another big plus.

This Yair Hamami leadership tip can be made even more competitive. That’s by giving a reward for the sale steam member who has the most approved ideas within a certain timeframe. This gives your sales team another way they can earn money by creating new ideas for the team.  

4. Paid Time Off

Your company probably offers this to workers. However, this Yair Hamami leadership tip is about encouraging your sales team to spend their paid time off in creative ways. One option is to provide unlimited paid time off in order to make your workers more creative.  This approach focuses on performance rather than tasks.