In the last post we defined “What is IoT” for those that have never heard of the term. Now lets take a brief look at the effects of IoT on your business operations. Automating your business operations with smart products, machinery and other business assets will help you to deliver a greater customer experience. The…
You may have heard the term IOT or Internet of Things as a new business buzz word. What does it really mean and how does it work? The Wikipedia definition states that it is the inter-networking of physical devices that enables these objects to collect and exchange data. In other words, these are smart devices…
Recently, I was at a round table event for business executives to discuss the topic “2017 Growth” but it evolved into “When to restructure your business” for growth. It was evident that some sort of restructuring was required in order for growth to continue. After some brainstorming on the topic, we came up with several…
There’s no getting around the fact that your organization’s bottom line is geared towards employee performance improvements. Increased productivity goes hand-in-hand with profitability and the more you can create a direct channel between you and the people who work for you, the higher your customer and employee retention rates. Here’s a few tips that should…
Project Management is concerned with balancing trade-offs between project scope, project performance/quality, project cost and time. The following equation shows how this trade-offs relate: C=f(P,T,S) Cost is a function of performance, time and scope. As performance and scope increase, costs generally increase. As cost decreases, typically scope and performance decrease. The relationships are not perfectly…
We have all heard the phrase “People don’t plan to fail, they fail to plan”. In order to successfully manage projects, thorough planning is necessary. If you have no project plan, you have no project control because you have no benchmark to measure your progress. Needs and Mission Statements: Firstly, project planning consists of a…
Bottlenecks are one of the oldest and most persistent problems companies face in their operations. A bottleneck is not something that you would want in your business practices. They mostly occur when input comes in faster than the next step, which creates the output for the next step or is the final step. There are…
When we talk about setting up business operations that are efficient and profitable, the buzz-word LEAN comes to mind. However, what does that really mean in terms of your operations. LEAN is a body of knowledge and tools that successful organizations use to remove all the non-value-adding business activities or waste from their operational processes….
Your marketing team has created just the right strategy to brand and engage prospective clients. This new increased interest in your products or services is now frantically handled by your sales person or team and is being lead down the sales funnel to becoming a client. At this stage it’s very important how you handle…
