NOVELDO BLOG

The Future of Work: Virtual Teams and How to Improve Their Communication

The future of work seems to be moving from physically being present in an office to working remotely. In the face of globalization, cloud computing, internet, and mobile, virtual teams are a reality that businesses can never run away from. Additionally, the above factors are enhancing virtual team communication hence the success of virtual team operations. And according to 34% of the Business leaders at the Global Leadership Summit in London, 50% of their workforce would be working remotely by the year 2020. An additional 25% said that more than ¾ of their staff will not be working in any traditional office come 2020.

Topics: Company Digitalization

Working out Loud and Why You Should Try It

You may not be familiar with the term ‘working out loud’ but the chances are high that you are already using the principles behind it in your daily conversations, narrations, and social collaborations. We somehow narrate what is going on in our lives as well as what interests us to our friends and relations. “Working out loud” is more than a trend; it is about using this behaviour to boost productivity in your workplace and life.

Topics: Company Digitalization

Design Thinking – Solving Problems Simply, Empathically, and Creatively

Thinking outside the box, and developing new solutions to highly complex problems from the point of view of the customer, are essential elements of Design Thinking.

Digital transformation in particular poses highly complex problems for companies of all sizes, as well as for society as a whole. Traditional approaches are no longer sufficient when it comes to mastering those challenges.

Topics: Digitalization

Digital Business Agility – The New Imperative

Organizations that ignore the opportunities that digital technologies have thrown up may find themselves becoming increasingly irrelevant in the competitive landscape. Every business needs to embrace mobile, the Internet of Things (IoT), and social media. Those firms that insist on retaining traditional methods of doing business or merely make superficial changes to their existing practices will find themselves struggling to retain their sales volumes and profitability.

Topics: Company Digitalization

Surviving Digital Disruption – Practical Steps That Your Organization Can Take

Digital technologies are having a profound effect on practically every business. Certain industries like communications, media, finance and insurance, and wholesale trade have been quick to adopt digitalization, making use of new tools and approaches in a short amount of time. The impact on other sectors, notably government, health care, construction, and agriculture has been comparably less. Some units within these areas are at the forefront of digital change while others are clearly lagging.

Topics: Digitalization

Lean Startup – Making New Ventures Less Risky

The traditional decades-old model for evaluating a new business proposal involved understanding the new product, estimating production costs and demand, and then, developing it and taking it to market. The process usually required the startup team to make a presentation to potential investors. Venture capital firms would look at five-year projections of sales and costs of the product and decide whether the proposal was worth financing.

Topics: Company

How to Digitalize Your Employer Branding

No one wants to be left behind when it comes to digitalization, especially as we continue to notice world class peers embrace emerging trends to gain competitive advantage. In a survey that involved more than 400 human capital leaders, 78% held the view that digitalization of HR will continue to influence organizations in a big way. Another 79% believe that the adoption of technology has enhanced the attraction, engagement and retention of talent. And given that virtually all goods and services are currently being marketed through websites and social media platforms, there is every reason to digitalize various strategies for employer branding.

Topics: Digital Marketing Company

The Challenges of Creating a Digital Workplace

The need to remain relevant and competitive in the fast paced workplace has seen many organizations digitalize their systems and processes, complementing their established sales channels with multichannel experiences and transacting, shopping or engaging via the web. Thanks to mobile and cloud technologies, a wave of disruption has therefore engulfed businesses across industries, and with no one willing to take the risk of falling behind, this comes with a host of challenges when trying to create a digital workplace.

Topics: Company Digitalization

Here’s How Digitalization Is Changing Commodity Trading

For more than a decade now, new and powerful digital approaches to commodity trading as well as life, in general, have come to the fore. The world is entering into an even more rapid period of digital change. Three powerful forces are driving this phenomenon to an inflection point: consumer demand, prospects of huge benefits, and the push for new technologies. To achieve growth, beat the competition, and for companies to remain relevant in a digital world; CEOs and managers will have to take the lead in building the right digital capabilities for their companies.

Topics: Business Digitalization

Back to Basics – Why Having a Clear Mission, Vision, and Values Is Important for Corporate Social Responsibility (CSR)

What if your employees were asked what their mission, vision, values and corporate social responsibility are; would they be able to accurately articulate these important principles of your organization?

Topics: Company