March 2023 started with bank collapses that came seemingly out of nowhere and affected businesses and individuals not only in the United States but worldwide. In an already strained economy, many fear that it will lead to a financial crisis akin to that experienced in 2008. Let’s learn more about the 2023 US bank collapses,
Names, OKRs, and dates are changed to protect client confidentiality. This case study assumes a basic understanding of Objectives and Key Results (OKRs). If you’d like a shallow dive into the deep topic of OKRs, we’ve summarized Measure What Matters by John Doerr into a short set of crib notes here. London-based ACME-Payments (ACME), a
In today's uncertain economic climate, businesses are facing difficult choices when it comes to managing their workforce. With the ongoing global recession, companies are looking for ways to cut costs and increase efficiency, while still maintaining the level of service and quality their customers expect. One way to do this is by turning to staff
Cutting business spending is one of the most challenging decisions that companies face. While it's true that you can cut spending without negatively impacting your operations, employees, and customers, loyalty and engagement take the biggest hit. If you're a business leader tasked with reducing your organization's budget, read on for strategic ways to cut
On-Demand Webinars The Latest on Technology by Sphere Partners' Executives and Experts FREE Webinars, Lunch & Learn Sessions and Video Library Sphere Partners is full of the tech industry's thought leaders at the forefront of their specialties and disciplines. Hear from some of them below as they interview other thought
Many thriving businesses discover opportunities to build rather than buy software which drives their business. If the available solutions don't match your growth or align with your business’ ways of working, outsourcing software development is a practical way to overcome these challenges. But before you sign that contract with a software vendor, consider the pros
By Boris Korenfeld, CTO and Tech Executives Advisor at Sphere Partners This is a summary of the critical concepts from Measure What Matters by John Doerr. We strongly recommend that you read the entire book - however, if you are pressed for time, the basic concepts are summarized nicely in this post. Measure What
Staff augmentation is one of the most effective ways to scale operations, drive innovation, reduce costs, and improve time-to-market. Therefore, it's quickly becoming the preferred hiring model for many businesses, especially in the aftermath of the coronavirus pandemic, and it’s here to stay. According to research, the global IT outsourcing market was worth 92.5 billion
Change is the only certainty in business: markets fluctuate, innovations disrupt operations, and customer needs evolve. Organizational change requires competent leadership and strategic planning to implement. Unfortunately, successful change management is often out of reach. Data shows that about half of all change initiatives fail, and only 34% of businesses report a clear implementation success.
By Boris Korenfeld, CTO and Tech Executives Advisor at Sphere Partners Winston Churchill once said, “Never let a good crisis go to waste.” Churchill's insight can be applied to the rapidly deflating tech bubble. While the previous decade fueled amazing investment and innovation, it also created overvaluation, irrational exuberance, and misallocation of resources: Engineering
