Employee Innovation: How to Encourage and Support Innovation
Innovation in business organizations must be created, encouraged and supported – otherwise it’s not going to happen. There are many reasons for this, however one of the key reasons is that innovation involves taking risk and most employee would not … Continued
Performance Metrics
Performance Metrics Development Business metrics are essential for every successful performance management system. Performance management effectiveness depends on identifying and integrating appropriate business metrics – customized to the business, strategy, and industry. Effective dashboard or scorecard report can integrate all … Continued
5 Accounts Receivable Management Best Practices And AR Tool for Excel
Every smart manager recognizes the difference between making profit and collecting cash from customers. Cash flow unfortunately is different than sales and profits. The way you manage your accounts receivables has a huge impact on your bottom line. In every … Continued
Customized Executive Dashboard and Business Scorecard Reports
Why do you need a Business Scorecard Dashboard Report? See your business at a glance… The single most important benefit of one-page business reporting is the improved business insight for the business decision makers, executives and managers. The 1-page report … Continued
Customized Excel Applications
Developing Customized Business Solutions for Excel Users MR Dashboard develops customized excel applications, software, and templates for your business analysis and reporting needs. All our customized products are fully automated so you can perform business analysis and create business reports … Continued
GE Matrix
This tool is very similar to the BCG Matrix and you can actually view the GE or McKinsey Matrix is a kind of extension of the BCG Matrix (the multifactor portfolio analysis tool). The main difference is that the GE … Continued
Return on Sales (ROS): Definition, Formula and Reports
Return on Sales Return on Sales (ROS) is an excellent key performance indicator (KPI) key to assess the business functional performance. ROS is additionally referred to as the company’s operating profit ratio. It can be determined employing this formula: Return … Continued
Performance Management
The next step in the process is Defining Your Strategic Metrics. For each of the strategic objectives identified in the previous step make a list of the most relevant performance metrics. For example, if one of your strategic objectives is … Continued
Blue Ocean Strategy: The Four Actions Framework
Blue Ocean Strategy The four questions that are critical for developing blue ocean strategy: 1. What are the factors, which your industry takes for granted, but should be eliminated? This question helps you to think about removing certain elements which … Continued
ABC Inventory Analysis
ABC inventory Analysis is a simple approach to creating categories for your inventory For example: The category A items will be the inventory which requires very strict control and management with accurate tracking and reporting. The category B items in … Continued