Risk management is a process that allows organizations to identify the risks that threaten their value, capital, earnings, and reputation and decide what they can do to prevent them or lessen their impact. Conventionally, organizations use the risk management process...
If a company attaches sensors to cattle so it can automate collecting information about livestock health, fertility, and nutrition, is that business process re-engineering (BPR)? It depends. If this optimizes data collection but does not change the process itself,...
What is a business model? A business model is an enterprise’s core framework, plan, or scheme for generating value and making a profit. Even a small roadside fruit vendor in Fujairah, United Arab Emirates, has one. It can be something like “buy fruits wholesale and...
On December 20, 2021, a Boeing 777 plane — Emirates flight EK231 — taxied off a Dubai International Airport runway at 248 mph and was at 269 mph at an altitude of only 75 feet. In other words, the plane ran anomalously fast on the ground that it almost drove out of...
So, you want to launch a specialty bread brand. Should you or should you not push through with your business idea? You can choose to go with your gut feeling or follow the advice of friends and family. However, the better way to decide is to conduct a feasibility...
Just like living, breathing organisms, businesses undergo certain stages of growth. These stages of the business lifecycle – sometimes referred to as “growth phases,” “maturity phases,” or “growth stages” – come with certain challenges. For a business to keep growing...
Across industries, there’s a widespread notion that only large, complex establishments need to be subjected to internal audits. This, of course, paints an inaccurate picture of what internal audits are all about and the benefits they provide. Besides, all companies...
Established in 2017, Affility Consulting is a Dubai-based comprehensive advisory services firm that’s committed to providing expert insights to clients. We’re known for many things, and one of those is our willingness to go the extra mile for our clients....
In the field of financial accounting, uniform accounting standards are crucial so that investors and banks can look at two different companies and understand each one’s financial position rapidly. As a financial accounting advisory services firm in the UAE, Affility...