Metrics Vs KPIs, Scorecards Vs Dashboards

Scorecards are also an important part of Six Sigma initiatives as are Dashboards, which provide a summary of performance. All these differ from each other to a certain extent, but each have their benefits and suit the needs of Six Sigma projects at various stages. Metrics vs. KPIs Metrics are typically numerical measures that are […]

Managing Employee Performance

When you think about the workforce, it can be compared to a vehicle. For example, a vehicle has many parts that make it run smoothly.  There’s the engine, steering wheel, and tires that all work together to get you to your destination.  Keeping your vehicle well-maintained with regular oil changes, tire rotations and tune-ups, allows […]

Being Different Can Improve Your Business Strategy

Is business strategy improvement a goal of yours this year? Truly differentiating you’re products and services is one proven method to improve your business strategy and growth in today’s challenging economy. When you act, sound, look and sell the same products and services as other vendors in your industry, current and potential customers just see […]

Short-Term Working Capital Funding and Commercial Loans

Short-Term Working Capital Funding and Commercial Loans Author: Stephen Bush Commercial borrowers sometimes overlook short-term options for commercial loans. In the current recessionary conditions, it is wise to explore all working capital management options. This article will shed some light on shorter-term choices such as short-term commercial mortgages and business cash advances. Due to misunderstandings […]

Zero based budgeting

The concept of zero based budgeting was introduced in 1960. The concept was initially used for some government and business organizations and more recently has increased attention. Zero based budgeting is a budget-planning procedure for the reevaluation of an organization’s program and expenditures.  It requires each manager to justify the entire budget request in […]

Process Improvement

 by Dr. Ben S. Graham, Jr. The increased use of computers in the workforce has caused changes in the way work is processed. Some of these changes are improving work processes, but, unfortunately, many of these changes are achieving only a small portion of their potential and some are actually resulting in less effective processes. […]

Various growth strategies for businesses

Growing your business can be a difficult and often frustrating process. No matter how talented, experienced, or proficient you are as a leader, business development may be draining your energy, funds, and desire to achieve the original plans you had for your company. Yet growing your business is a critical step in maximizing your company’s […]

How to manage your bottom line for cash flow?

In the world we now live in, financial health requires a commitment to proven retail business fundamentals, a commitment to operational discipline, and a heightened attention to detail. When economic conditions were more favorable, it might have been possible to consistently generate positive cash flow without this commitment to core retail fundamentals, operational discipline and […]

Conflict Management: How to manage conflict in the workplace?

Organizations have many employees, each one a distinct individual with likes, dislikes, a particular attitude and a personality. In this kind of a scenario, it is natural that there will be friction, personality clashes, enmity, petty discord and disagreement. If these progress enough to become serious conflicts, work is affected and the overall operational efficiency […]

Is benchmarking really worth the trouble?

Learn how to benchmark, identify and adapt best practices from other organizations to improve your business process performance. Benchmarking is the key. The term benchmark originated as a surveying term. It is a distinguishable mark placed on a wall, building or rock that is used as a reference point to determine elevation and position in […]