The power of management by indicators
Have you ever been caught off guard by a storm? Sometimes, when we look at the sky and see the sun shining brightly, we may not realize that the presence of some clouds already indicates that a change is coming. But what does this example have to do with management by indicators, anyway? The answer […]
Why profitability is more important than profit?
Profitability is the very essence of a business, It is the reason for starting a business in the first place. We measure profit by calculate total revenues minus total expenses. A better approach would be to look at the relative profit, how much profit is made compared to total revenue. The latter is known as […]
Go for your digital business transformation with Wibiway
The increase of awareness and development of new competencies revolves around the capability to become more agile, innovative, people-oriented, customer-centric, streamlined, efficient and able to leverage opportunities to challenge and change the status quo and tap into big data and new unstructured data sources – and service-driven revenues, with the Internet of Things as a […]
Business strategy – some management mistakes and how to avoid them
A good process management allows the company’s activities to be more coherent and agile and ensures an efficient communication between management and teams avoiding losses resulting from miscommunication, bottlenecks and wrong perception. However, many errors, which can go unnoticed, affect the company overall results. Wibiway selected some of the usual mistakes and bring them to your […]
Do you know what a cost center is and how this contribute to your business profitability?
It is not surprising that the job of running a business involves great management skills in the various departments of the company, such as in inventory, personnel, customer service and finance management. When the entrepreneur is unable to efficiently structure his company, the chances of delaying the projects are much greater. This is because, in […]
Digital transformation with Wibiway
Digital transformation is the cultural, organizational and operational change of an organization, industry or ecosystem through a smart integration of digital technologies, processes and competencies across all levels and functions in a staged way. Digital transformation leverages technologies to create value for various stakeholders, innovate and acquire the capabilities to rapidly adapt to changing circumstances. […]
Steering your business strategy, a nice to have or a must?
Successful companies do not rely on luck to raise. The best run businesses have a thoughtful and thorough approach to planning for growth. Like driving a car, a business strategist needs a solid grip on the wheel and to pay close attention to what’s up ahead, as well as what’s coming up from behind. The […]
Tracking profitability indicators, a nice to have or a must?
When receiving a clinical exam result a patient is confronted with a series of unfamiliar terms. He don’t understand what is cholesterol or blood sugar level and the effect they have on his overall health status. Likewise many companies do not take time to understand the profitability indicators and what they say about the health […]
Digital transformation, a nice to have or a must?
Digital transformation impacts all the business activities, functions, processes and operations. Companies have to adapt to the newly arouse technologies and modern ways of working. It helps management to set, track and achieve specific goals. Business process optimization and business process automation come into picture. Business process optimization is essential in digital transformation strategies and […]
How to reduce business costs in a crisis?
This question is on everyone’s lips these days and actually the response is very simple: 1. Enforce business cost control measures; 2. Increase spends visibility; 3. Reduce overall costs; 4. Optimize overall process by eliminate waste. Start using Wibiway app today Get in touch with Wibiway team and we will be glad to support you. […]