April, 2014

Is Going Green Good Business? | Infographic

Lake Effects Blog

Thursday, April 24, 2014

Environmental awareness was once something that was a characteristic of some of the more obscure societal groups.   After a number of serious environmental, nuclear and oil spill disasters the public opinion about the environment (and an impetus to protect it) began.   The concept that the environment was limitless began to shift and a new era of awareness and replacing wasteful practices in business for more sustainable, ecologically friendly ones.

The integrity shift toward green business had an unexpected side effect.  Consumers enjoyed purchasing products from businesses that demonstrated a commitment to green practices.  In fact from a retail perspective, most consumers avidly embraced businesses they deemed to be environmentally responsible.  This created an additional incentive for businesses to evaluate their practices, make changes and then ensure that their eco-friendly methods were transparent to potential customers.  It paid to be green and that is a trend that continues to grow in tandem with global environmental awareness.

It is fast becoming necessary for companies to go green if they want to stay competitive.  Consumers are beginning to choose brand loyalty based upon companies that choose to be environmentally responsible.  Going green regardless of the size of your business is something that is manageable by incorporating small changes to your facility, production methods or employee procedures and programs.


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The Benefits and Detriments of Outsourcing

Lake Effects Blog

Wednesday, April 23, 2014

Whether you operate a large or small business, there are some tasks that are better managed by specialists.   Not every business has the budget or the bandwidth to hire top talent in key personnel areas on a full time basis, but the ability to access this expertise is important in competitive markets.   Is it only the small businesses that are outsourcing or has it become a growing general trend in business?  Let’s discuss and weigh the advantages and detriments of outsourcing, and how effectively contract staff can be integrated into your organizational team to provide quality results.


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The Demographic of the Returning LFGSM MBA Student

Barbara Siegel

Wednesday, April 23, 2014

One of the most frequent comments we hear when hosting preview events at Lake Forest Graduate School of Management pertains to the average age or background of our returning MBA students.  By the time most students have determined that they wish to pursue their MBA, they have already acquired many years of experience within their professional and niche market.  In fact, our average student has about fourteen (14) years of post graduate experience before attaining their MBA.

Working their way through a variety of employers or levels of opportunity, the typical Lake Forest Graduate School of Management MBA graduate is someone in their 30’s or 40’s. Their pursuit of continuing education is aimed at opening doors to higher management positions within their organization in some cases.  In others, it reflects a goal toward a progressive career change.  In other cases, functional experts look to gain a broad business perspective – as the leadership MBA is a general management business degree.

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