Introduction In the vibrant tapestry of Sri Lanka’s economy, small and medium-sized enterprises (SMEs) hold a significant position. These enterprises, often referred to as the backbone of the economy, play a pivotal role in driving growth, generating employment, fostering innovation, and promoting socio-economic development. In this blog, we will delve into the indispensable role that
When mobility was limited during the Covid lockdowns, people had to work from home. Months after the lockdowns were lifted, many employees still worked from home. A vestigial organ we attained during the plague is continuing to be useful. Companies must engage in some level of cost cutting to survive recessions, unfortunately this is often
The acronym VUCA was used frequently in US Army War College documents, though the ideas were described a decade earlier in a book titled “Leaders: The Strategies for Taking Charge”. VUCA aims to support leaders in their efforts to comprehend and contend with a fickle environment; through awareness, adaptability, and contingency planning. A VUCA World:
As business owners, partners, managers and sometimes even as young executives, all of us have the responsibility of pulling our socks up and responding to the need of the hour. In a highly volatile world with numerous challenges being thrown at us everyday, businesses face circumstances that have never been imagined. When the unexpected hits
To buy the same groceries for our households and pump the same amount of fuel for our vehicles, we arepaying a lot more than we used to – in simple terms, this is inflation. If our incomes didn’t increase alongwith the increases in prices, it can be challenging to save or invest. However, given that
