Nearly every company goes through some organizational growing pains. One common development, departmental silos, occurs at some point. Successful companies break down a silo, a department that protects its information, keeping it from other departments. Silos cause growth breakdowns, so continued growth requires their eradication.
With a booming tech industry in conjunction with the entrepreneurial spirit, business owners today have a myriad of tools and software available to increase sales and profits while increasing ROI exponentially. Understanding inventory management in the age of big data is essential for any industry looking to get ahead in an ever-increasing competitive marketplace.
The IoT is an assortment of technologies that are all connected to the Internet, such as smartphones, tablets, televisions, and even some household appliances. Not only does the IoT enhance the usefulness of many devices, but it can also collect data that companies can use to improve customer satisfaction.
Having an Employee Assistance Program (EAP) with any size company is highly advisable, especially as businesses continue to grow and recruits are hired over time. Ensuring employees are motivated, satisfied, engaged, and encouraged is a way to ensure positive possibilities in any industry.
If only every business ran smoothly with no issues, you’d never need to develop problem-solving skills. However, problems do arise, and knowing how to analyze and address them can make the difference in your bottom line. Apply problem-solving and innovations to improve processes to produce more while saving time and money.
The healthcare industry is both exploding and being held back by the onset of technology in all facets of the industry. What are these trends and how are they being implemented to reduce inconsistencies and, in some ways, bring in the potential for more?
On April 20th, I have the honor of representing my organization in an open panel discussion with esteemed colleagues from some of the largest global brands. The topic of conversation won’t be centered on the monetization of big data, managing asset efficiency or any of the other “sexy” topics of the month.
Starting a new enterprise is a rewarding but tumultuous experience. The journey is riddled with uncertainty, hidden pitfalls, competitors, and grueling hard work. All of this is compounded by the fact that very few startups or small businesses have the infinite amount of experience, time, human capital or capital to weather all of the potential storms that lie in wait. In today’s business landscape, developing the right product or service is not the only parameter for success. Perhaps equally as important is the timing to market and ability to adapt to market forces.
Having a successful innovation program is more than just simply crowdsourcing ideas, more than a sophisticated tool to manage it, and it’s more than throwing money at something and expecting great things to happen. It’s more than process improvement and it’s more than simply trying to squeeze money out of a mature process or product. Innovation is different…It looks different, feels different, acts different, and sounds different.