The prime action to grow your business better is to understand its functions from two different perspectives. And then manage them accordingly. First, consider the business process. That is your domain, such as sales, trading, manufacturing, customer service and so on. Second, consider the management process. This is the back-end work you do every day […]
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Are you in a business leadership role? Business owners, CEOs, General Managers, Department Heads, Accounts & HR Leaders. All are in business leadership. Then, investing your time on profit centre management practice is worth a lot! Many of you know that, Profit Centre Management is not about running a business for a profit alone. It
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Where has all the money gone? Quite often business owners think, where has all the money gone? To know exactly, you should know the money spread in business. It could be on receivables, raw materials, work in progress, finished goods, advance payments. You must have an account of working capital and capex made as well.
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Do you know, the most ignored must have quality for managers? It is not to re-invent wheels. Have you ever tried to come up with your own solutions, which are already used by many? In business management, this refers as “reinventing the wheel.” Some examples include inventory control, sales lead management, employee hiring and cost
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