Tips and Tricks - page 2
To get ahead and achieve success in the world of business today, one has to be willing to innovate, try new things, and remain flexible with the ever-changing times. There is a lot of impetus to reduce costs and increase efficiency and that tends to be the focus of many successful and growing businesses. Learning how to get the results you want, while improving efficiency, lowering costs, and increasing transparency might seem like a far too daunting goal, but it is not.
(more…)Consider this scenario:
You’re spearheading a research and development project. A problem crops up, and the client wants the cause investigated. You tell her she’ll get the details in the next monthly meeting. Because your plate is already brimming, you assign the task to a team member. The next meeting comes, and the client asks for the details you promised. Sitting next to you, quite visibly shaken and all color drained from his face, is the person you assigned the task to.
Even without uttering a single word, you know that the task hasn’t been carried out, but, in your mind, the more pressing question is: How could you possibly have forgotten about this very important task?
Streamlining and improving the efficiency of business operations is, perhaps, one of the most important tasks of management today. There is always room for improvement when it comes to the basic daily operations of a business and workflow and other automation software make this easier than ever before.
(more…)The accounts receivable department at any organization is responsible for some of the most important business functions: they manage the money that comes into a business or institution. Given the importance of this department within most organizations, it is strange to find out that this department is often lacking when it comes to using innovative new tools like automation.
(more…)The means by which organizations do their business has seen great evolution compared to a long time ago. Over time, newer and better techniques have come to be needed in order to cope with newer business demands.
With the rise of a company, its internal bureaucracy also grows stronger and bigger. When you work in a company of 3 people, you can simply tap Bruce Murdock (your manager) on the shoulder and ask him – “Could you sign up this contract”? But when Bruce has more than a thousand employees and each one taps him on the shoulder, we believe that Bruce’s business would get stuck. So, Bruce organizes his people in teams and departments, which is a normal process, and sets collaboration policies in order to make sure that they manage contract lifecycle effectively.
How many times during the day do we multitask? We are so used to multitasking that we most probably do not even count. The problem is that unstructured work on parallel tasks often brings significant productivity loss that effects on all our daily activities and results generally. Some of the negative consequences of multitasking are: