Talent management insights for organizations

For your business to grow, you need to provide your customers with value or risk losing business to competitors. How do you know if your product or service is providing customer value? It’s not always easy to identify. So here is a solution to this problem, it is the value chain analysis. What is value chain analysis? Value chain analysis is a means of evaluating each of the activities in a company’s value chain to understand where opportunities for improvement lie. Conducting a value chain analysis prompts you to consider how each step adds or subtracts value from your final product or service. This, in turn, can help you realize some form of competitive advantage, such as,  Cost reduction, by making each activity in the value chain more efficient and, therefore, less expensive, Product differentiation, by investing more time and resources into activities like research and development, design, or marketing that can help your product stand out. Typically, increasing the perform

  Most people consider hard work as a positive attribute. Hard work can often lead to positive benefits of success or personal satisfaction. However, too much of a good thing, even hard work, could have negative consequences when unchecked. Before classifying yourself or others around you as a workaholic, know the signs of a workaholic is more than just working long hours or loving your job.  Working hard can have its benefits, but it can also go too far. Learn how to identify when working becomes a health issue. 1. What is workaholism? The term “workaholism” was first used in 1971 by psychologist Wayane Oates,  and he defined it as a compulsion or an uncontrollable need to work incessantly. However, here are some commonalities for what is considered a workaholic. Internal pressures of feeling compelled to work    Thinking about work when not working Working beyond what is expected of job requirements despite negative consequences that may result in personal life (i.e. marriage strain)