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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...
Today’s enterprise resource planning (ERP) solutions have come a long way. Modern ERP services use cloud computing, AI, and machine learning to deliver better automation, efficiency, and insights than ever before. This is great news for small and mid-size enterprises...
A business advisory team can provide you with informed, logical business advice, whether you are just starting out or running a well-established, larger organization. If you require help with financial planning, business forecast, risk advisory, business process...
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...