Category: Risk Aversion
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The Rising Threat of Cyberattacks in Retail
Recent cybersecurity breaches at major retailers like Marks & Spencer (M&S), Co-op, and Hertz have underscored the growing vulnerability of the retail sector to sophisticated cyberattacks. These incidents, occurring in April and May 2025, highlight the urgent need for robust cybersecurity measures in an industry increasingly reliant on interconnected digital systems. Marks & Spencer: A…
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Pentagon Cancels $5.1 Billion in Consulting Contracts: Lessons for Business Efficiency
In April 2025, the U.S. Department of Defense (DoD) made headlines by canceling $5.1 billion in consulting and information technology (IT) contracts. Spearheaded by Defense Secretary Pete Hegseth under the Department of Government Efficiency (DOGE) initiative, this move aims to eliminate wasteful spending and redirect resources to core military priorities. For consulting businesses, this signals…
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Top Platforms Powering the Gig Economy in Developing Countries: Opportunities, Challenges, and Solutions
The gig economy is reshaping how people work in developing countries, offering a lifeline of flexible, tech-driven opportunities. From rural drivers to urban freelancers, millions are turning to digital platforms to earn a living, bypassing traditional employment barriers. These platforms are the backbone of this transformation, connecting workers to local and global markets. But while…
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Top 5 IT Mistakes That Sabotage Your Lead Generation Strategy
In today’s digital world, generating leads is a top priority for small and medium-sized businesses (SMBs). Whether running online ads, hosting webinars, or managing a website, your IT setup plays a huge role in turning prospects into customers. But here’s the catch: Simple IT mistakes can quietly undermine your efforts, costing you leads and revenue.…
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Beyond the Bottom Line: The Opportunity Cost of the Wrong Customer Service
In business, success in customer service is often measured by how fast issues are resolved, how satisfied customers feel, and how efficiently operations run. But what happens when customer service goes wrong? A single poor experience doesn’t just mean losing a sale can trigger a chain reaction that damages brand reputation, weakens customer trust, and…
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What are the risks associated with outsourcing and how you can overcome them
Outsourcing has become an essential business strategy for companies looking to optimize costs, scale efficiently, and tap into specialized expertise. From customer support to IT services, outsourcing enables businesses to delegate non-core functions to external providers, freeing up internal resources for strategic growth. However, like any business decision, outsourcing is not without its risks. While…
