Business Articles

Steven Paul > Business Articles
Every (New or Maturing) Business Venture Needs Both a Product and a Business Plan

Most (business or technical) entrepreneurs I know demand the discipline of a product specification or plan, and then assume that their great product will drive a great business. Serious investors, on the other hand, look for a professional business plan or summary first, and hardly ever look at the product plan. Is it any wonder…

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Factors that decrease business productivity
How Long Hours and Overtime Can Decrease Your Business’s Productivity

The opinion on overtime is divided. Some are all for it, saying it helps businesses cater to a temporary increase in demands while allowing the employees a chance to earn a little more. On the other hand, there is an equal and maybe even more significant number of people that are vehemently against it for…

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The Hidden Secrets of Building and Growing Business in Hungary

Hungary enjoys a particularly strategic location in Central Europe. The country poses attractive business opportunities for international trade and small medium businesses or established corporates, thanks to its export-driven and open economy, which has been on a fast track to growth in recent years.Based on numerous sources Susanna Toth, Alireza Yaghmaei and Steven Paul of…

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Tech challenges faced by small businesses
Technology Challenges that Growing Businesses Face

Businesses today, especially growing ones, are faced with a range of challenges. This is mainly because as an enterprise begins to scale, new opportunities, as well as problems, start to emerge, which demand out-of-the-box thinking and different solutions. For instance, what used to work a year ago might not be the best approach today. Unfortunately,…

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Scaling Innovation: How Startups and Industry Giants Foster Creative Cultures to Stay Ahead of the Competition?

Creativity in the workplace is defined as the creation of new and useful ideas or solutions. If we’ve learned anything from history, it is that nothing spawns creativity and innovation quite like a global upheaval, and it wouldn’t be wrong to say that we’re currently going through the mother of all global upheavals – the…

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Reimagining Tomorrow: How AI and Emerging Technologies Can Be Used Responsibly to Reshape Diverse Sectors (Healthcare, etc.,) for Good

The coronavirus pandemic has shone a cruel light on the sorry state of affairs when it comes to the adoption of new technologies in many industries globally, mainly the automotive and healthcare sectors, which have lagged behind others in terms of AI and emerging technology adoption for some time. But all it took was an…

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Sustainability is the New Corporate Social Responsibility

Author: Steven Paul Sustainability in a corporate organization is an approach focused on creating long-term economic, social, and environmental impact through the operations of a business. A sustainable business ensures the best interest of society and the environment. Its main aim is to earn profit by being socially responsible and operating in a way that…

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What Is The New ‘Business As Usual’ In The Global/International Trade Ecosystem And Landscape?

Author: Steven Paul The global COVID-19 pandemic is likely to have a lasting impact that will change the face of global and international trade scale for all times. In this blog, we will talk about the trends that are of particular importance when creating expectations on how the global business landscape might evolve post-pandemic. Impact…

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How Boards Can Help Amidst Technology Challenges in a Post-COVID Business Landscape?

Author: Steven Paul According to a survey by McKinsey Global, over 800 C-level executives and senior managers admitted that the coronavirus pandemic accelerated the process of digitizing their internal operations as well as their supply chain and customer interactions at least three to four years. Just as the pandemic put people’s lives and their livelihoods…

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