Modern manufacturers recognise that waste represents a double-cost feature. The first cost is the expense of buying raw materials, and the second cost is again incurred on disposing of the used outputs.   Many organisations envision eliminating the waste produced at the time of manufacturing. Studies say that manufacturing waste...

Communication is such an important part of doing business that it is often difficult to quantify its importance, except when a communication gap occurs that glaringly exposes what had been wrong in how people related to each other.  For instance, communication in some cases, such as tax forms is standardized...

Even the best and the most accurate brainstorming sessions can be a roadblock. Imagine this: Your team has been tasked to create and generate new product launch ideas. For this, you gather them, set up your template, start with the thinking, ideas flow, and you hit the clock, but still...

At a broader economic level, money supply in an economy can be curtailed or pushed up with measures available with the central banks in their respective geographies using policy measures, such as interest rate cuts.    In addition, the banking regulators have the power to tap into Open Market Operations...

“Investing should be like watching paint dry or watching grass grow,” says Dr Shane Oliver, chief economist of AMP, an Australian financial services company. The quote aims to highlight the importance of time in an investment, and clear timelines on the part of the investor. An investment without a timeline...

An average person uses over six social networks each month, and there are projected to be 5.17 billion social media users globally in 2024. This humongous statistic showcases that reaching your social media marketing objectives is a lot simpler, if your audience is larger and more active on social media...

Cybercrime has a cost that goes beyond the numbers and dollars. Businesses struggle to find their identity or rebuild reputation after attacks that compromise data of customers. Any serious business that wants to stay in it for the long-term cannot afford to ignore its security. Good businesses, go further in...

Money makes money is a timeless adage. Yet, the desire to make money fast can propel entities to indulge in unethical practices to ensure they get the higher than warranted return.    In businesses, especially in finance, knowing your customer as you are lending or giving money to people who...

“The journey of a thousand miles begins with a single step.” – Lao Tzu, philosopher.   To ensure a stable and harmonious operational company with coordination of resources including humans, along with other operational and technical tools, manageable and profitable growth is required. To achieve that goal, one must consider...

“Leadership is the capacity to translate a vision into reality.” —Warren Bennis, US business consultant and author.     With this quote, the legendary Mr Bennis emphasises the importance of the role of a leader and using it to achieve one’s desired goals. The leader turns a vision into reality by...