Most effective leaders are alike in one crucial way: They all have a high degree of what has come to be known as emotional intelligence. It is not IQ and technical skills are irrelevant. They do matter, but mainly as “threshold capabilities”; that is, they are the entry-level requirements for executive positions. Without emotional intelligence, a person can have the best training in the world, an incisive, analytical mind, and an endless supply of smart ideas, but he still won’t make a great leader.
IQ and technical ability are not necessarily important ingredients in strong leadership as emotional intelligence would be missing from the recipe. Technical capability may support one person to manage a process or a task, however, it does not help the person to interact with others and influence them effectively. Thus, the emotional intelligence is “need to have” for a person to be an effective leader; who can implement changes and demonstrate high performance in an organization.
Following the dream to open a small business in Canada will urge one to spend a significant amount of time and effort. If one is ready for such work and embrace the challenges, it may be just as rewarding. Like any other activity starting, there are a lot of unknowns and things to learn. It is imperative to understand all alternatives and prospects in registering and managing a business to avoid costly mistakes and to focus on what is essential. The following points elaborate the core requirements for establishing a business in Canada:
Legal Status in Canada – If you wish…
Water and wastewater businesses serve people and different industries; such as food an and beverage, pharmaceutical, oil & gas, semi-conductor, etc. There are various companies providing services in the industry, however, a few players are operating globally. SUEZ WTS is one of the market leaders. Competition is intense in the industry. The big players compete …
The Government of Canada revised temporary foreign workers (TFW) related regulations and LMIA requirement throughout the COVID-19 pandemic. Employers do not need to provide LMIA under the International Mobility Program (IMP) to hire foreign workers on a temporary work permit. That said, the hiring must serve Canada’s broader economic and cultural interests, which can include things like …
Plant-based products are getting more popularity and are rising to a new level of consumer interest. A healthy diet that is better impact the environment has become a consumer goal recently. This uptrend market demand has led manufacturers to remain resourceful in new sources of protein and other plan-based products. Companies like Cargill are investing …
COVID-19 Pandemic taught us how to use information technology in running business activities online. From global companies to small businesses relied on internet, applications, and platforms to connect people and businesses online. Successful online operations increase solopreneurs confidence to establish home businesses whether as mainstream of income or side business. Self-employment offers more flexibility, working …
The federal scientific research and experimental development (SR&ED) program is a tax incentive program to encourage all Canadian businesses to conduct research and development (R&D) in Canada. In fact, the SR&ED program has been the single largest source of federal funding for industrial R&D performed in Canada for many years, and remains one of the …
Starbucks has developed dynamic and successful strategy that has created values to its stakeholders and shareholders. The company strategy stems in ‘Starbucks Experience’ (Grant, 2016). Starbucks serves the communities and strive to provide the best coffee and customer service to the member of the communities. The core of the strategy is in connecting with people; both the employees ‘partners’ and the customers. Each partner has been trained to know all the details about the coffee and empowered to connect to the customers who are visiting the Starbucks store to be treated differently (Michelli, 2007).
Ontario Immigration Nominee Program (OINP) is a practical framework to recruit international talents (foreign workers, international students, business owners or entrepreneurs from outside of Canada) to apply for permanent residence in Ontario. The program falls under the province’s economic immigration program, which works in partnership with the Government of Canada through Immigration, Refugees and Citizenship …
The owner operator LMIA program is a great option for foreign nationals who are looking to become permanent residents and settle in Canada. A foreign national must own a controlling share (50%+) in an existing Canadian business or launch their own business in Canada in which they have a controlling interest. The owner operator LMIA …
Disintermediation could happen in any supplier/manufacturer and intermediaries (retailers or wholesale) relationships. The supply-demand imbalance creates an opportunity for the supplier to disintermediate and to reach out to other intermediaries or end users, to sell the products at a lower price that could create a price war between the intermediaries. This is an inherent risk …
Human resource flow “HRF” fundamentally defines the inflow, outflow and movement of human resources “HR” within the company under full time, part time, or contingent contract structure, whichever would best suit the corporate strategy. Creating human resources talents’ pool, in line with the company’s competitive advantage, is responsibility of human resources department. The policies, best …
A Nonprofit organization’s governance relates to a broader range from perception, structure, legal context, accountability, quality, effectiveness, social capital and ethics. The role of governance in a nonprofit organization’s performance is inevitable. Funders and donors usually evaluate organization’s governance and its correlation to accountability, trust, social impact and performance prior committing or allocating money to …
According to The Three Pillars of Good Corporate Governance theory, corporate governance, due diligence and compliance programs are related and are key focus areas (Adams, 2004).
Corporate Governance:
Abramov (2011) states the corporate governance generally serves to encourage long-term planning, establish an effective management structure, promote integrity within the company, provide a framework for establishing and carrying out corporate objectives, and ensure that the interests of all relevant constituencies, including investors, employees and the general public, are not overlooked. A well-designed corporate governance regime delineates board of directors and officers roles and responsibilities to implement a control and audit process that maximizes risk management capabilities. “It is imperative that the company establish a governance structure that provides its management with the proper tools and knowledge to satisfy its duties to the company and its shareholders.” (Abramov, 2011).
Strategy is about making decisions to differentiate in providing services and products to the customers. Such decisions, difficult in nature, outline the organisation’s success and failure. It would take a while the outcome of the decisions proves if the choices made were right or wrong. Developing strategy, not necessarily a straight forward process, is a mixture of science, experience and art. It takes comprehensive studies to come up with action-plans, clear communications to buy in the stakeholders and thorough implementation to ensure its efficacy. The prudent approach may suggest testing the developed strategy before full implementation to evaluate its effectiveness, short coming and drawbacks. This would add more clearance and confidence to the large-scale implementation.
The purpose of this blog is to compare and contrast non-profit and for-profit organizations on organizational resilience, which is the ability of the organization to respond to changes effectively and transform challenges into opportunities. The concept of resiliency is not a system capacity to withstand disruptive change, but also to adapt and transform to the market conditions.
Government of Ontario introduced and amended regulations related to incorporations and advertisement terms on October 1st, 2020. The legislation has been amended to allow real estate salespeople to form Personal Real Estate Corporations (PRECs). British Columbia became the first province to allow for incorporation of those who trade in real estate in 2008. This was followed by Quebec, Manitoba, Saskatchewan, Alberta and Nova Scotia.
Amazon strategy has been formulated around pursuing online commerce opportunities, in different segments, utilizing technology to create a powerful economic model. Long-term thinking, customer centricity, investment on infrastructure and focus on employees have been Amazon values as the CEO’s, Jeff Bezos’, clearly outlined in his letter to Amazon shareholders in 1997 when we apply retrospective approach (Amazon.com, 2019). Amazon has implemented value network business model successfully in the retail space to create differentiation in competing with brick-and-mortar stores since inception.
