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Imagine these scenarios: The finance department in a company uses one software for financial reporting, while the sales team relies on a different system for customer data, leading to discrepancies in financial reports and challenges in reconciling data between...
What is digital transformation? Chances are high that if you ask five people this question, you will get five distinct answers. Digital transformation is one term that means various things to different people. The disparity and confusion probably arise from the many...
Internal audits may have started solely as a way for companies to identify policy violations and ensure compliance with laws and regulations. However, over the years, they have evolved into a more comprehensive and proactive approach to risk management and process...
Here’s a question: Should you get enterprise resource planning (ERP) software, or should you opt for customer relationship management (CRM) software? You’ll probably say, “We’ll take whichever is better.” We wish it were that easy, but it’s not. You see, enterprise...
It's true what Benjamin Franklin said: "By failing to plan, you are preparing to fail." Try to hold a conference without a plan and see what happens. Even the most carefree vacation requires a modicum of planning. You'd at least need to decide on your general...
In a world where uncertainty is the only constant, embracing risk management is not a choice but a strategic imperative for organizations as it stands as a cornerstone of strategic decision-making and long-term success. But what, exactly, is risk management? And why...
An employee on a coffee break loaded Facebook on his work computer. He reacted to posts, shared memes, and clicked links to read interesting stories. Unknown to him, one of the links downloaded malware to his computer, triggering his company email to send...
Micromanagers are bosses, executives and managers who aren’t satisfied with standard operating procedures development and letting staff do their jobs according to established processes and procedures. Instead, they watch their employees like a hawk. They...
A dragon boat is a fascinating thing. Typically constructed of solid teak, it can be as heavy as a mature Holstein cow. Yet, in motion, it looks so light, gliding gracefully on the water — and the secret is teamwork. The importance of teamwork in dragon boat teams...