Many business consultants and growth accelerators use the terms “innovation”, “transformation” and “disruption” in describing how a company ought to achieve long-term growth and operational efficiency. How are each of these terms translated into concrete actions for small and mid-sized businesses during the pandemic? Which model – or combination of models – is best suited for your business? Join Stacy Robin and Eric Sarver, for an illuminating discussion.
00:43 – 14:47 – Today’s guest is Stacy Robin, founder of The Degania Group and Disruptive Diva, a business technology matchmaker. Important for each business to understand that there is no silver bullet. Doing the wrong thing that someone touts as the right idea is dangerous. Businesses froze at the beginning of the pandemic due to the uncertainty. Stacy saw that businesses were being faced with three major challenges. The first response was taking advice without evaluating it. The second response is what she calls “shiny new object syndrome”. It’s exciting but often expensive to implement and can get in the way of your goals. The third and most common response, following the crowd. It is important to understand what you are trying to achieve and what value you can provide. When you know what goals you want to accomplish, the next focus is strategic agility.
17:14 – 30:40 – They discuss how companies and reevaluate their services. Many businesses have been doing it at a cost to themselves due to their focus on staying afloat rather than making a profit. Others see value in their employees and make changes that benefit the safety of the team. It is important that the team has a shared goal. Once that is understood, a concrete plan needs to be made. There is a lot of focus on dashboards which helps with day to day operations. Data analytics is useful as long as that information is being used. Data can be transformative in the right hands. Innovation doesn’t always mean moving mountains, it can be how you choose to look at the data presented, the human connection to the data.
33:02 – 45:17 – Most people are hired with a job description but if a company embraces those with broad skill sets then employees could help a company grow. However this can be a luxury, not all businesses have the resources to allow their employees to stray from the beaten path. A well rounded skill set can be incredibly beneficial long term depending on the environment. Traditionally companies motivate employees with a raise but that is not the only way. Understanding an employees background can help you understand what motivates them. Seeking out employees who color outside of the line can help a company find innovative employees. They are not always the top earners.
47:35 – 57:58 – Disruption is about fundamental change in how things are changed. In a book by Shoshana Zuboff “The Age of the Smart Machine” she describes how digital disruption impacted the 80’s with the use of desktop computers. The pandemic has changed the way that people view a functioning company. For example, with people working online there is no longer a geographical limit to the employees hired, but there is also now an expectation that someone must be online 24/7.
About Employment Law Today
Helping Business With Employment Law Issues.
For many business owners, it can be overwhelming to keep up and comply with the federal and state labor and employment laws that govern how they run their business. With the COVID-19 pandemic, there are new laws and regulations regarding hiring, firing, and workplace practices and protocols — all of which can increase business owners’ anxieties about regaining traction or thriving again. On my weekly show, we will be discussing the most common employment law related questions and challenges that business owners have been facing in these uncertain times.
The show will have three main goals: (1) to inform businesses about employment law updates, (2) to inspire businesses by giving them the tools to move forward, and (3) to demonstrate how some business owners have overcome their employment law problems, walked through the challenges imposed by this pandemic, and have taken steps to regain traction during the reopening phases of this pandemic.
Our guests will include professionals who advise businesses from an H.R., legal, and financial perspective, along with thriving business owners who will share their experiences and insights into running a successful company while complying with labor and employment law mandates during COVID-19.