The Old National Bank Center for Business Excellence has been hard at work developing additional opportunities to engage students in authentic work experiences and to enhance our relationship with the business community. One way we plan to further this mission is with the launch of the ONB Center Fellowship program! The new fellowship program creates an opportunity for graduates that were interns with the ONB Center to have a two-year rotational experience both within the ONB Center as a mentor to Butler students and through experiences at ONB Center partner companies. We are proud to announce that our first cohort of Fellows will begin in July 2021.
Many of us enter a new year with resolutions in mind, and that carries over into our work with annual goal setting. As a Professional EOS Implementer®, I have seen first-hand the critical importance and power of business leaders setting goals for the future and then working together to execute on the goals, so they become reality. Below, I will lay out some recommendations for goal setting in 2021.
There’s no question we’re living in uncertain times. COVID-19 – and the subsequent recession – has changed the way people across the world live, work and go to school. It’s also caused many of our friends and family members to lose their jobs, and businesses that we know and love to close their doors. The good news is that even during the darkest of days when your business is struggling to stay afloat, there’s a pathway to not only survive but thrive in these conditions. You must maintain unwavering faith that you can prevail in the end, regardless of the changes and needs that are swirling around you. You need to have the discipline and courage to confront the brutal facts of your reality, no matter what it might be.
This fall, the Old National Bank Center for Business Excellence has a team of six talented Butler students, who have been working on 41 different projects over the past three months. Our team of students consists of a variety of majors and interests including marketing, finance, accounting, entrepreneurship and innovation, international business, and management information systems (MIS). Our members and partners get to engage with our students in project-based work, and students get the opportunity to work on these micro-internship opportunities that best match their interests, past experiences, and subject matter expertise.
Our students lead these short-term projects working directly with our members and partners to achieve the goal their objectives. Below we have highlighted an example of how one of our member organizations leveraged our students for different projects during summer of 2020.
In Sandler, we view success through the lens of what we call the “BAT Triangle” or simply Behavior/Attitude/Technique. Success is made up of 3 parts these 3 points on the triangle. Most of the time when a struggle occurs (sales are down, accountability is low, margins are eroding, etc.) individuals and organizations go right for the technique corner of this triangle. While important, it means nothing if the other two are not addressed in conjunction. It doesn’t matter what corner you start at, if the others are not addressed, success will be short term and limited.
One of the Indiana firms that has survived because of their business continuity plan is a company that helps their clients with business continuity plans. Not only has Spry survived the pandemic, but they are thriving. So are many of their customers. And they attribute it to business continuity planning. Jeff Williams, CEO and Amy Baker, Chief Innovation Officer offer some insight into Spry’s success in a difficult time.
As the country focuses its attention on COVID-19, and with most of the nation under strict “stay-at-home” orders allowing only essential businesses to operate, many private companies in a variety of industries are suffering the economic impact of the current public health crisis.
Like many organizations, we had high hopes that COVID-19 would crawl back under the rock from which it came, and life would return to some level of normalcy. But alas, five months later organizations are still battling this pandemic and news and social media feeds are littered with modified work arrangements, layoffs, and budget cuts. With this constantly changing landscape it is important that organizations recognize that this unique time in our history offers some unique challenges that should be carefully considered. As we continue down this path of uncertainty the following areas should be carefully evaluated, as they may pose increased risk to organizations.
As businesses have reopened, or are in the process of reopening, many states are now seeing increasing cases of COVID-19, and medical experts are warning of a second, and possibly more severe, wave of the COVID-19 pandemic. Now is the time for businesses to start planning for that second wave. Below, we provide some considerations to think about as you begin preparing.
Who could have predicted that the first half of 2020 would bring such unprecedented pressures for businesses? Moreover, there is no shortage of predictions of what is yet to come: a second wave of COVID-19, a stock market bubble burst, social unrest, or even a financial recession. There are many questions about how to prepare for the future of your business but few reliable answers. Here we present three practical steps you can take to inoculate yourself from whatever the future will bring: