Operational Management Operational Management is the art or science of running an organization. Every organization requires a leader to manage things well. The management concept is derived from the Greek word ‘cheironomia,’ which means to steer or lead. In the past, management was a male-dominated profession, but progress has made it more gender-balanced. A good […]
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Operational Risks Operational risks are the risks of loss resulting from inadequate or failed internal processes and systems or from external events. It can include legal risks, but it usually does not include strategic and reputational risks. It is the risk of loss resulting from inadequate or failed internal processes, people, and systems, or from […]
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Skills of a Successful Manager The role of a successful manager is one of the most important positions in any organization and company. A successful manager must have a wide range of skills to be effective. The following are some of the essential skills a successful manager should possess. First Skill > Communication: A manager […]
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5 Essentials for Success in E-Commerce Cumulative data compiled within the Enterprise Guide to Global E-Commerce predicts a 246.15% increase in e-commerce sales globally, from $1.3 trillion in 2014 to $4.5 trillion in 2021, a threefold increase in online profits, according to a report issued by the Arab Federation for E-Commerce, the e-commerce sector across […]
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Cash Management Cash management is often described as monetary logistics management. This analogy works quite well. It is the discipline of the Treasury that is devoted to the management of planned expenditures, so it is highly focused on operational efficiency and process optimization. It is about optimizing the flow of money coming in from customers, […]
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Meaning and Importance In less than a decade, innovation management got recognized as one of the most powerful strategies an organization can use to streamline internal processes and boost its business productivity. Forrester also claims that 53% of global services decision-makers are investing in emerging innovation and idea management technologies to drive innovation. Chartered Business […]
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Future Management Skills Introduction You’ve probably heard the saying, “The only constant changes.” As cliché as it may sound, this saying rings especially true in the business world. The skills that got you ahead in the past may not help you succeed in the future. So, what skills will you need to make it in […]
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Risk Management standards / ISO 31000 Since the early 2000s, several industries and government bodies have expanded regulatory compliance rules that scrutinize companies’ risk management plans, policies, procedures, and Risk Management Standards. In an increasing number of industries, boards of directors are required to review and report on the adequacy of enterprise risk management processes. As a […]
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Risk Management (RM) : The Importance Introduction You’ve heard the saying, “An ounce of prevention is worth a pound of cure.” Well, when it comes to risk management, that’s definitely true. Risk management is all about preventing bad things from happening. It’s a process of identifying and assessing potential risks, and then taking steps to […]
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Recruitment Hiring Process and Steps How does the Recruitment and Hiring Process work? It depends on the company and what methods the company uses to find applicants for employment. However, most large and some small employers have a formal process that follows to recruit and hire new employees. Recruitment process steps Before hiring an applicant […]
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