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Showing posts with the label economy

5 Reasons Why Your Business Development Strategies Fail

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Every professional service provider needs to deploy strategies at different levels for their organisational growth, yet some still fail even with the most impressive plans in place. In our experience working with professional service providers, we have identified some common reasons why the deployment of good business strategies may fail for certain organisations. Here are five of the most common for law firms.

HOW SHOULD LEGAL SERVICE PROVIDERS ADJUST TO SURVIVE COVID-19?

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The Coronavirus is a human problem that continues to affect a large portion of the planet's people and businesses. This is a look at how this pandemic is impacting the legal service industry and some recommendations to improve the operational and business aspects. As of today, economic activities have almost halted globally. This is due to the precautionary measures taken by countries to contain the viral outbreak. We earlier assessed the impact in 10 industries to show a clearer picture of how this outbreak is affecting the world of business. It is important to have a plan of action prepared; even more crucial is the need to have planned for a period such as this. A few months before the global pandemic hit, we published the need for law firms to commoditise their services to easily sell certain services to the markets/clients that need them. This was part of the content for a Social Media Week Lagos panel session moderated by our Lead Consultant Ali Afegbua. This...

COVID 19 IMPACT ASSESSMENT IN VARIOUS INDUSTRIES

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Here is a look at the global impact of COVID19 in ten industries, we looked at various effects from the those experienced in the Oil & Gas industry to the unique challenges in the fashion and beauty industries. We understand that professional service providers that operate in these industries will be affected as well by the shutdown of businesses in most parts of the world and as a followup, we will do an assessment on that as well. Please watch this space. Read below: