Boost your business by delegating and empowering your middle management to take decisions
Middle management is the training grounds for executive leadership and it’s no secret that executive leadership has to delegate many tasks. Delegation is a skill as much as public speaking or learning new technology and therefore it is essential. Middle management is also the level where the new managers learn how to coach their subordinates. […]
Enforcing business strategy with project management
Nowadays all strategic change in an organization should happen through project and program management. Most of the time organizations leave that strategy to chance if they do not focus on benefits realization. Executives must take charge and ensure that benefits are identified, monitored, and sustained for each and every project in their portfolio. Research shows […]
How project management approach increases business profitability?
As the business world is expanding and becoming more and more competitive, it is increasingly becoming indispensable to undertake a higher number of projects at any given time for better resource optimization. We all know that “Time is money” and now the question is how we translate saved time into better and more efficient utilization […]
What is business strategy?
Business strategy can be seen as the course of action or set of decisions which assist the managers in achieving specific business objectives. It is something like a master plan that the management of a company implements to secure a competitive position in the market, carry on its operations, please customers and achieve the desired […]
How cost management creates strategic competitive advantage for companies
In an attempt to minimize the damages caused by financial crises and the use of company resources, managers apply strategies that only work on short term, but that in the medium and long term can pose serious risks to the survival of the business. Given this, it is necessary to view the strategic cost management […]
Why is a business strategy important?
A business strategy is about actions and decisions that a company takes to reach its business goals and be competitive in its industry. It defines what the business needs to do to reach its goals, which can help guide the decision-making process for hiring and resource allocation. A business strategy helps different departments work together, […]
How leverage on digital technology can increase revenue
In this era of digital transformation, new technologies have opened up opportunities for businesses and created new challenges. At present, advanced technology has also become more accessible to a wider audience. In a recent past, only big companies had access to the latest technological developments. Now, digital technology is reachable to businesses of all sizes. […]
10 reasons why the profit is important
Lack of proper profit has the following impact on a business: Losses eat away the equity to a point where lenders feel that the business is too risky to lend additional money to. Good employees leave because the company doesn’t have the money to keep the competition from stealing the good help. Equipment maintenance is […]
Why digital transformation matters?
More than a third of organizations have already started implementing a digital transformation approach to business processes, operations and customer engagement. Some of them are in the integration process of making operational and technology changes throughout the enterprise, and others are executing their digital plans and making process, operational and technology changes on a department […]
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 […]