Creating a budget plan for your business How to Create a Budget Plan: Creating a budget plan for your company should be more than just an occasional hobby. It should be a “lifestyle”; business executives and stakeholders must always have a properly planned out budget for their company. This budget plan will make certain that … Read more
How to Manage Business Portfolio and Product Portfolio for Sustainable Business Growth Business portfolio is business group of specific investments, products, companies and various brands. On the other side, product portfolio is a mix of products and services the company sells in various target markets. Marketing, sales and business managers try to offer products that … Read more
Examples of Performance Management Business Issues Examples of Performance Management: Performance management is process used by businesses to evaluate the employees and also to establish the effectiveness of the activities in accomplishing the goals. Performance management duties involve planning new business activities, tracking the progress of these activities and evaluating which of these activities will … Read more
How to Overcome Resistance to Change in Organizational Changes Overcoming Resistance to Change in Business: When thinking about change within the organization, you may look for that even the the majority of loyal and working employees will build some kind of resistance. You should predict, plan and use strategies and tactics proactively to overcome this … Read more
Tips and Ideas on Aligning Strategy with Operations Why Aligning Business Strategy with Operations is Critical for Success in any Business: The majority of managers have relatively clear concept of the organization strategy and vision. If the employees have exactly same understanding, and if operations will be set to increase strategic improvements – everything will … Read more
Voice of the Customer Process The Voice of the Customer Process Flow: Listening to your customer’s needs on a daily basis can radically improve your organization’s success. Listening to your customers is a universal business mantra. You still have companies though who either don’t execute it properly or just don’t do it. You certainly have … Read more
What is Work in Process Inventory? Work in Process Inventory: When manufacturing products you are always going to have partially finished products in your inventory. That is waiting to be finished over a period of time. These products can be grouped under the category of work in process. These types of situations where you have … Read more