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3 Smart Ways Businesses Can Improve Employee Morale Following COVID-19

While work may very well never be "normal" again, businesses are starting to learn how to best adapt to the “new normal” in the wake of the coronavirus pandemic. While many people may be eager to return to the office, there are a number of things to keep in mind in order to keep everyone as safe as possible. However, when it comes to adapting Read more

DEPLOYMENT OF VALUE STREAM MAPPING PRINCIPLES IN A SERVICES INDUSTRY CAN PROVIDE LARGE IMPROVEMENTS

Deployment of Value stream mapping principles in a services industry can provide large improvements The most important aspect that a company needs to focus on in order to ensure profitability for itself is to control the cost of production.  The major contributors to the cost aspect of production tend to be Manpower cost, Material cost, Machinery cost and Facility cost. The aforementioned costs need to be optimised to ensure maximum profitability from the product. Productivity programs are commonly deployed for the production side of the product based companies and not much emphasis is paid to the service side that eventually becomes the face of the product in Read more

How to thrive in the corporate world?

Importance of Growth Strategy to Thrive in the Corporate World

“Growth is never by mere chance; it is the result of forces working together”.

- James Cash Penney

To thrive in the market, a company must craft its growth strategy skillfully and chart the path with poise and focus. The growth strategy helps the management identify various possibilities and choose the avenues of growth that will elevate them to the next stage of the company’s evolution. It is a process that every company follows in order to grow their business stronger and bigger. The company has to increase its revenues and strengthen other financial Read more

IMPORTANCE OF VISION, MISSION AND VALUES (VMV) FOR AN ORGANIZATION

VMV as it is called, sounds like a no brainer to the world of strategy. Simply formulated and nicely articulated few sentences make up to the most important column of our websites. While it is important to lay down boundaries and focus in what we want to achieve, how we want to achieve and why we want to achieve, it is more important to ensure that the thoughts should reflect and encompass the changes that happen at both the micro and macro level. Not many organizations understand the power of having and practicing the right VMV. The “many organization” here includes companies from various segment, industry and sizes precisely from a bootstrapper to a record breaker and hence VMV i Read more