The primary mission of a business is long-term profitability not just revenue growth. Profitability is a measurement of efficiency. It is ultimately the deciding factor
The New Year approaches and you want to make 2015 the year of growth. You want your business to expand, you want to hire more
Businesses spend million and millions creating and changing a company culture that drives innovation and fosters growth. Yes, I could use Google as a prime
Not everyone who works for you will be an All-star, and at times some of your employees may even fall short and be in need
How to Create an Employee Development Plan Do you know what the greatest asset is in your company? You might answer that it is your
Now That You’ve Hired That New Employee… How do you track employee performance? You’ve taken the time to hire the “right” employee…at least you believe
In our last article, we discussed some essentials for creating strategic planning objectives using the SMART system. Now it’s time to give your strategic objectives
Usually, around this time of year, you hear a lot of talk about goal-setting…and there is a lot of information out there, both pro and
A well-defined set of policies and procedures provide the roadmap your employees need to be independent and effective, so they understand their role in the organization and senior management doesn’t have to closely watch every process.
To use even more advanced accounting KPIs, assess relationship numbers or those variables that are interdependent on other operations within the organization. Relationship numbers include number of sales in the pipeline, billable efficiency, gross margin, and net margin.
To track KPIs, most companies use a Balanced Scorecard. This is a tool that has long been used in strategic business management and is designed to provide a framework to manage resources to achieve strategic objectives
When establishing system benchmarks, it’s best to stick to the essentials. Leave room for common sense and avoid the clutter of excess detail about process.