Understanding Sales Percentages Tracking sales is crucial for evaluating profitability and adjusting business strategies. Knowing the percentage of total sales contributed by each product or service helps you identify which ones are performing best. This knowledge allows you to focus on high-demand offerings, adjust marketing efforts, and optimize inventory. How to Calculate Percent of Total … Read more
Understanding the Importance of Core Competencies in Your Business Core competencies are the unique combination of skills, technologies, and processes that set your business apart from competitors. Identifying, developing, and leveraging these strengths is essential for sustainable success, growth, and competitive advantage in today’s fast-paced market. What Are Core Competencies? Core competencies are both technical … Read more
Introduction Choosing the right product strategy is the foundation of every successful launch. A clear strategy aligns product development, marketing, and sales with a single business objective. While there are many nuances, most effective approaches fall into four core categories. Below you’ll find a concise guide, practical examples, and ready‑to‑use tools that help you decide … Read more
Welcome to August: Your Business Success Starts Here As we step into August, it’s vital to reflect on how our July insights supported your business growth. Whether you’re eager to dive deeper into sustainable growth strategies, employee performance evaluations, or innovative marketing techniques, Mr Dashboard Weekly is your go-to resource for valuable tips and tools … Read more
Introduction to Performance Management Issues Performance management is a critical process that businesses use to evaluate employee contributions and measure the effectiveness of activities in achieving organizational goals. It involves planning new initiatives, tracking progress, and assessing the impact of these initiatives in driving the company toward its objectives. However, many organizations face common issues … Read more
The Benefits of Tracking Progress in your Business Tracking your business progress is critical to understanding not just the results but also the reasons behind them. Simply reviewing outcomes such as sales, profitability, or investments does not explain how those results were achieved or how to improve performance moving forward. By setting clear goals and … Read more
How to Use KPIs in Business Effectively Key Performance Indicators (KPIs) are essential tools to measure and guide business growth and improvement. The most effective KPIs directly align with your current business goals and strategic targets. By setting clear targets for important business variables, KPIs serve as precise indicators of how well your company is … Read more