Business

Transformational Development and the Transformation Mindset – Part 1

By Laurel Theresa Bain


Displaying transformational leadership is critical to the agenda and the achievement of transformational development. What you are striving for is cultural change – encouraging and inspiring each other and by extension the nation to innovate and create change that will be for the benefit of all in Grenada, Carriacou and Petite Martinique.

Special Budget Alert 2.14 Transformational Development and the Transformation Mindset- Part 1 (1)

Budget Time Again

By Laurel Theresa Bain

Elements of the policies, programmes, and projects for transforming Grenada’s economy must be identifiable in the 2023 national budget. The Medium-term Economic and Social Development Strategy should incorporate most of the proposals for transforming the economy, and these should be manifested in the Public Sector Investment Programme. Appropriate targets and benchmarks should be included in the Medium-term Economic and Social Development Strategy to facilitate the monitoring and evaluation of the transformation of the economy.


Budget Alert 2.13 -Budget Time Again

The Ethical importance of Knowledge and Schools

Ethical importance of Knowledge and Schools.

The ethical challenge that is being developed is the growing costs of education to society, students, and educators in pursuing such a model with inherent
conflicts.
 The conflict would be whether the students are really learning what
they are supposed to be learning and whether the teachers are teaching solely
for profits or because they love to teach. E
ducation has become a very successful business that is being marketed. Due to the mixture of businesses practices and principles in education, schools are more competitive and are branded to attract more students. The ethical challenge is that there is a growing cost of education to society.

The Importance of Market Research

The importance of market research.

  Market research is the attempt that businesses and entrepreneurs must
take to learn more about their customers and the market they are operating
within. Market research provides a lot of advantages for small and large
business. Some businesses may not see the need for market research as they
believe they have understood what their customers want. Therefore, some
companies fail or would allow the competition to take over. Where one company fails to do what is important or required for the business, they competition would not do the same. The competition would take advantage of this opportunity to conduct market research and satisfy the customer’s needs.

The importance of a Business Plan

The importance of a business plan.

 A business plan is a document that should be created to detail the
present and future operations of your business. The goal is to outline the
objectives of the business and the means of achieving these objectives. Many
entrepreneurs create a business without creating a business plan as they may
not see the advantage of creating a business plan. Anyone can create a small
business but with the right planning it can be a successful venture and maybe
develop into an enterprise or a corporation.