Discover articles, blog posts, white papers, and insights from the team at Pepper Foster. Our team of experts, thought leaders, and industry professionals share their insights and opinions on everything from the latest trends in technology and business to personal growth and development.
Blog Post
In April 2023 the IMF stated that China will become the world’s largest economy within 5 years. America’s place at the top is coming to an end and the economies of other developing nations are catching up to the world leaders rapidly. How is your business positioned to adapt to that new reality?
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Consumer behavior is often driven by the human desire to communicate status and wealth. But the status symbols of the new generations are very different from those of prior generations. Increasingly status is shown not by material possessions but by political and cultural alignment. By time and flexibility rather than money. By an online profile and persona rather than a real-life one.
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Every generation of leaders and workers wants to make an impact and do things differently. But in reality, there are very few new ideas and most new ideas are a rebranding of old ones, even in technology. So, make sure that while you are chasing the latest trend, you don’t also throw the baby out with the bathwater.
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Most US business economic models are predicated on an assumption of free overtime. However, newer generations of workers and leaders are prioritizing family and mental health and refuse to work free overtime, even if that means their careers will stall. For them, it’s not worth it. So, how will your business survive with the same cost of labor but 20% fewer hours?
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Over two million people left large urban counties between July 2020 and July 2022 and moved to the burbs and rural communities1 Many of those people have bought houses, settled into their new lives, and, especially now that interest rates have increased, are extremely reticent to move back to the cities, or even take on a regular commute.
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Globalization has had enormous positive and negative impacts on economies, populations, and businesses across the globe. Some of the negative aspects have led to the increase in nationalism and country-first political movements. Fueled by COVID-driven supply chain fragility, these movements have led many governments and businesses to start decoupling their economies and supply chains from other nations. A decoupling that dramatically increases the likelihood of global conflict and trade wars.
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The gap between strategy and execution is huge. The people who are good at creating strategies are often lousy at executing them. That’s where STRATX comes in. STRATX is a methodology that leads you through the refinement and communication of your strategy so that it's actually executable in the culture and realities of your organization.
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Climate change is disrupting supply chains, creating political turmoil, impacting facilities and markets, and driving consumer behaviors. Whether you fight it or not, regulation designed to mitigate and/or slow down climate change is coming and it will impact your business.
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Meet Nate Caskey, Pepper Foster Consulting’s newest member and our partner in charge of the Minneapolis–St. Paul office.
Read more ⟶-Client NPS Survey
Success Story
A wealth management team in a top 5 national bank had challenges attracting and retaining high-quality team members and the team’s backlog of work had grown insurmountable. The client needed a strategy to reduce attrition but lacked the expertise to identify the root causes of turnover, eliminate the team’s backlog, identify service gaps, and build a stable, successful team. Using Pepper Foster’s strategic transformation experience and StratC&T™ framework we implemented a team development program and workflow strategy to solve the client’s largest challenges, reduce turnover, increase team and customer satisfaction, work the backlog, and hire and onboard new team members.
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As a leader in the agriculture lending industry, our client had reached a strategic inflection point. The CEO told the Executive Leadership Team (ELT) and Board of Directors, “We don’t know how to do strategy so we need to organize a strategy practice for the enterprise.” Leveraging our StratX™ framework, Pepper Foster implemented a collaborative strategy development solution that aligned the ELT and Board around a new corporate vision, strategic priorities, themes, plans, budget, and execution governance model.
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The client had seen the number of initiatives significantly increase over the last 3 years and needed a tool and methodology to align leadership around project prioritization and resource utilization. Pepper Foster worked with stakeholders to understand the priorities and constraints and rapidly developed and deployed a resource management tool and process.
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Pepper Foster spearheaded a digital transformation initiative focused on enhancing the athlete experience and improving operational efficiency. The new solution dramatically improved the functionality and efficiency of the lab, allowing for simultaneous multi-athlete tracking and interactive data engagement. Researchers and athletes experienced a more seamless interaction, with significant enhancements in data capture and analysis capabilities.
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Pepper Foster was engaged to spearhead a Lean 5S initiative for a regional healthcare provider. The primary objective was establishing an organized and sustainable space, fostering increased efficiency while instilling a culture of ownership and responsibility among the Clinical and Learning and Development (L&D) teams.
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How Pepper Foster helped a large utility turn around a critical software upgrade project and ensure dependent projects could be successful by refocusing the team, establishing best practices, and implementing a comprehensive runbook department-wide.
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