Growth Ambitions Among SMEs

Growth Ambitions Among SMEs

The government has released a follow-up study to one published in 2012 looking at the growth ambitions of SMEs. The Business Growth Ambitions amongst SMEs (Interim Report) looks at any changes to the level and determinants of growth ambition among this group. The report neatly picks up from its earlier study, re-surveying the 1,250 respondents to its previous survey. Of these 503 fully completed responses were received.

Ambition is hugely important for individual career success, and the survey makes the implicit presumption that individual ambition level can be replicated. It is not so large a theoretical presupposition: these are SMEs with 250-employees or less and their founders’ actions do still vibrate throughout their firm. This study also bases it claims on a Swedish study of SMEs which demonstrates SME growth is a “key driver of growth”. However, even with these positive accolades there is still, we believe, room to gain knowledge more from this vital piece of research.

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Leading A FinTech Firm Under Ethical Principles

It is not enough to possess an ethical style of leadership, but also aim to inspire your team with these ethical behaviours too. Below are the five concepts which a firm must put in place to install ethical behavioural characteristics in its actions. They are to be followed by all, especially those are the top of the firm.

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What is Ethical Leadership?

Last week we wrote about a study released by BlessingWhite looking at Ethical Leadership. Perhaps as a result of its compact size, we don’t believe it delved adequately enough into the area. Here we’ll present a brief overview of the topic, its use within business – specially Financial Services and the burgeoning FinTech sector, and conclude with how you might implement it within your business.

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The Pivoting Organisation

In a growing organisation still finding its feet, you need employees and team members able to adapt and take-on challenges which are sometimes out of their ‘job descriptions’. This presents several problems in terms of recruitment, performance evaluations, and creating a sense of stability for your team. Is it really appropriate to hire and compensate an employee for one role, when they are predominantly doing something rather different? Will you evaluate their performance based on the original job description or myriad of ad hoc projects and tasks? And how will you manage the weariness which constant change might bring? Let’s tackle these issues here.

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Financial Institutes & The Blockchain

Although Bitcoin is slightly infamous for being relatively insecure, its blockchain feature benefits may outweigh the risks in the eyes of financial institutions. A blockchain is simply a chronological record of all cryptocurrency transactions. With the adoption of these technologies and digital currency, financial institutions and banks can create fluid and swift international payment platforms. As a result, the blockchain feature can make the processes of financial institutions and banks more efficient and can decrease their operational costs.

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Cybersecurity: Not a Priority?

Cybersecurity: Not a Priority?

For many companies, it seems that it is more beneficial to ignore a majority of their cybersecurity vulnerabilities than to take the time to manually remediate them. Many software application security testing tools are unable to do so automatically, so organizations are forced to fix the vulnerabilities themselves. As a result, enterprises must sacrifice either time or the quality of their cyber security. But few take these duties seriously.

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