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1 2 3 4 Next   Are TOC, Lean and Six-Sigma Compatible ?Companies invest a lot in adopting and implementing at least one of these methods, however, as time goes they tend to shift to other different methods as well. However, it must be understood that an integrated mechanism of all these methods often pay better results than the individual ones because with former we have more tools to fix the problem. We Are, What We Repeatedly Do !Have you ever looked back on your week with a disappointed feeling that you didn't get as much done as you had hoped for ? Does your strategy or business plan have bottlenecks you are unaware of ? When we know that we can’t improve what we can’t measure; so how is a company going to know when it has reached ROI without knowing exact spending on products and services ? BPM and BPR – Right Tool for Right UseAs technology advances and business grows, process optimization becomes a necessity for any organization to attain cost savings and other improvements. Hence, many firms strive to implement process improvement measures like BPM, BPR etc. so as to reap maximum benefits. However, one may make wrong decision when it comes to adoption between BPR and BPM. This article tries to clarify a few differences that exist between them along with a brief idea of its implementation. SEO – A Customer’s PerspectiveAs a business it is important to target your market as well as potential customers to find your products or services. And not only it is true for actual market but also with the virtual market that internet provides. Traffic to own website is expected to have business and this where SEO plays some important role. But at times, SEO can create trouble for the same customer. Here, we will try to see the SEO from users’ angle i.e. from that of customer’s perspective… Standardization versus InnovationStandardization or Innovation has always been a paradox for the companies. They often could not figure out how and when to apply both which leads them towards wrong choices. This article aims to highlight the meaning and application of Standardization as well as Innovation. It uncovers the answer to the question of how and when to opt for them… KISS – Keep It Short & Simple !!Today each and every business process is in cloud of complexity; besides that most of these business processes and systems are convoluted. This convolution brings more complex and crossed problems which lead to even more complicated solutions. Managing these complexities sometimes becomes almost impossible resulting into losses. XBRL - The New Accounting LanguageIn today’s turbulent corporate environment, proper communication of financial information in an efficient and effective manner for any business organization is critical. And it is important for any size of business because it helps to identify problems and opportunities which can make a huge difference to the business, if known well on time. Adoption of XBRL is gaining momentum worldwide and is going to be need of an hour sooner or later. The plans are outlined and the tools are also available. ERP Implementation – Doing It RightCurrently, ERP adoption is on fire in the business world. Every other firm is implementing ERP so as to accelerate their business processes. But, unfortunately not all are reaping the same benefits due to unsuccessful implementation. For majority of the companies, successful implementation of an ERP is a major challenge and they must have proper road map for its implementation. Here are those few important factors which any firm should take into account before starting ERP implantation. BPR - Revisiting Business ProcessesImproving business processes these days is paramount for businesses to stay in competition. Customers are demanding better products and services and if a business fails to deliver desired product/service efficiently and that too at a reasonable cost then it results into business loss. In order to prevent this BPR is can be an effective tool. Article gives an over about BPR, its needs and benefits after use. Time to Move Beyond Excel for AnalyticsMany businesses use MS-Excel to understand their data, but this approach is only partly successful as it comes with many limitations and flaws. And businesses that aren't ready to adopt new ways to collect and analyse data may soon find themselves left behind. The article here highlights discusses this issue and importance to look beyond conventional approach for business analysis. |
