Health Innovation Hub the go-to place for health innovators in Alberta

Revitalized organization helps entrepreneurs create impact through innovation

Health Innovation Hub the go-to place for health innovators in AlbertaThe University of Alberta Health Hub and Accelerator has a new name, a new mission and values, and new services to offer innovators and entrepreneurs starting out in the health sector. Located at Enterprise Square in downtown Edmonton, the accelerator is being rebranded the Health Innovation Hub, effective this month. The vision is for the hub…

Is your business fishing in the right pond with the right bait?

Why are you in the business you’re in?

Is your business fishing in the right pond with the right bait?My sister Catherine loves fishing and, to be honest, she’s much better at it than I am. Catherine could catch 10 fish to my one because she knows what she’s doing. Before you even go fishing, you need to know why you’re going. Typically, people go fishing because they love fish and like spending time…

Helping small businesses succeed in the digital economy

Going digital is “kind of a life-or-death situation for small businesses”

Helping small businesses succeed in the digital economyA group of students led out of the University of Alberta School of Business is helping small businesses get ahead of the pandemic-induced warp-speed retail overhaul that is pushing customers online in droves. The students are at the heart of the new Digital Economy Program (DEP), a free initiative that sees a team of U of…

How to be a fortune teller

Strategic opportunism is at the heart of innovation

How to be a fortune tellerA wise old sage hosted a dinner. Toward the end of the meal, everyone was given fortune cookies and told they were holding their future in their hands. The guests eagerly opened them to read the words of wisdom they contained. The paper slips inside each cookie were blank. “Is this a joke?” they asked.…

Three tips to get better results from your team this year

Setting goals gives us something to motivate and rally our team around

Three tips to get better results from your team this yearIf you’re burned out at the thought of another daunting year and trying to plan, you’re not alone. Trying to figure out what will happen and how it will affect your organization seems like a crapshoot. Yet many leaders who recognize that they need to change still fail to understand how to make the necessary…

4 sure-fire ways to reduce productivity in your organization

And watch your business go down the drain

4 sure-fire ways to reduce productivity in your organizationA lack of productivity is a serious concern because the more it costs us to produce something, the less competitive we are in the global marketplace. And the less competitive we are leads directly to fewer jobs, diminished earning power and a lower standard of living. The usual explanations as to why we struggle with…

Rethinking Strategic Planning

The current method is fatally flawed

Rethinking Strategic PlanningHow business leaders evaluate the landscape, make sense of the environment, proactively shape the opportunities they see and then decide on which course of action to take – in other words, Strategic Planning – deserves far closer attention than it has received so far. There is a strong argument to be made for a more…

These strategies will help make your business profitable

Could improve your performance by 10 per cent and double your profits

These strategies will help make your business profitableImagine slaving away for years in your own business only to find out that it isn’t worth anything. I regularly meet with business owners who ask me how much their business is worth and I have to tell them the disappointing news that it’s actually worth very little. The reason their business isn’t worth anything…

Culture drives an organization to superior results

Attitudes and beliefs equal character, while values and competencies equal competence

Culture drives an organization to superior resultsSitting just alongside the attitudes and beliefs of an organization is a companion set of attributes that round out the cultural blueprint. It is represented by: The Values: espoused and held to be important. The Competencies: nurtured to drive performance and build talent. It is a pretty simple formula – so simple that many seem…

Get emotional about a culture of safety

It’s a dangerous myth to believe there is a trade-off between safety and profitability

Get emotional about a culture of safetyIt was a small terraced house in a northern English city. The young couple did not look old enough to have a son in our apprentice programme. They gave me a cup of tea and I sat down on their sofa. There was no TV, just some chairs, a picture of their son and the…

How to survive and thrive in a time of uncertainty

The rules that have guided our economy no longer apply

How to survive and thrive in a time of uncertaintyDid you notice that 2022 began with far fewer forecasts and outlooks than are usually seen when we put up our new annual calendars? And most of those who bravely made predictions for 2022 have already been proven wrong. The emergence of the Omicron variant of COVID-19, just when everyone was eagerly anticipating the end…

New Year’s resolutions are out, naming the year is in

Naming the year inspires and motivates; a new year's resolution often ends in frustration

New Year’s resolutions are out, naming the year is inAs a child, I remember my parents and their friends gathering on New Year’s Eve and talking about their resolutions for the next year. Some of those resolutions might have been: quit smoking; plant a bigger garden; get the kids to school on time; drink more beer and less hard liquor; have a bigger pile…

Mining for hidden human potential: The cost of ignorance

It's time to change the view that managers will simply learn "on the job" and experience comes with "practice"

Mining for hidden human potential: The cost of ignoranceLet us ask a few simple questions to help illustrate our point. How many hours of driving school does the average teenager need before they get a licence to take your car onto the road? How many hours of flying time does a pilot need before they are fully licensed to fly an Airbus or…

New Year’s resolutions that will boost your business

If you are self-employed, you will need to hone new skills to succeed

New Year’s resolutions that will boost your businessAs 2021 morphs into 2022, more than numbers on the calendar are changing. Technology, communications, media, weather – even the way we work and earn our livings – aren’t what they used to be. It used to be jobs, jobs, jobs. That’s what we wanted for ourselves, our partners, our kids; it’s what politicians promised…
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