9.1.23

Friday Five Business Briefing – September 1, 2023

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Consumers business services

Do you have business banking questions? Contact our knowledgeable commercial loan officers.

Here’s news you can use in a constantly changing business environment, including Michigan’s job growth projection through 2030, the banana strategy for marketing, how to develop a culture of accountability and more.

  1. Jobs growth flatlines — No new job growth in Michigan through 2030 is the projection by the Michigan Center for Data and Analytics. A key contributing factor is the state’s lagging population growth.
  2. The banana strategy for marketing — Surprising customers with an unexpected extra can keep them coming back time and again. In addition to increasing loyalty, it also increases referrals and testimonials. Discover the origins of the banana marketing strategy.

 

  1. How’s your cultural accountability? Embracing a culture of self-responsibility fosters employee commitment and demonstrates trust in your team. Learn why employee accountability is the Holy Grail of successful businesses.

 

  1. Reskilling in AI a priority — Global C-suite executives are readying their workforces for the integration of AI and they’re budgeting to reskill their workforces.

 

  1. Lessons from a champion gymnast on resilience — Embracing failure as an opportunity to grow is one of five lessons that help develop mental strength and resilience, according to champion gymnast Lisa Carmen Wang.

 

Thank you to our Friday Five sources: Bridge Michigan, Forbes, Entrepreneur, TechRadar and Fast Company.

Do you have business banking questions? Contact our knowledgeable commercial loan officers online or call 800-991-2221. We’re also available to help in person at your local Consumers office.

*All loans subject to approval. Rates, terms, and conditions are subject to change and may vary based on credit worthiness, qualifications, and collateral conditions.

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Consumers business services

Do you have business banking questions? Contact our knowledgeable commercial loan officers.

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