Blog - page 48

5 business intelligence trends for 2019

Darryl Bachmeier May 5, 2019 Strategy

The hard work that is done inside the store is not enough to be the best, that’s why new Business Intelligence Trends have emerged for this 2019, designed to help you succeed Discover what they are! First of all, we must make clear the meaning of the term Business Intelligence (BI), which offers the possibility of observing in detail the past of the company through analysis and reports, this occurs from the historical information of the business. The vertiginous changes that business presents go hand in hand with technology, which is why it is necessary to constantly review business intelligence trends, because what used to work, today may not be so useful. Below we detail the top 5 business intelligence trends for this 2019: Artificial intelligence We should not fear artificial intelligence, and although traditional learning has been questioned, it can contribute enormously as the best assistant any analyst can...

Learn how to make your business grow with quality

Darryl Bachmeier Apr 29, 2019 Business

To make your company grow, it is fundamental to carry out production planning and control. They ensure a tuning of work inside and outside the company. This process facilitates the integration of production and sales sectors of your average or large company, as it balances internal activities with appropriate procedures and externally connects your business to the market. In this way, these measures facilitate planning practices and standardize your company’s products and processes, and so your business will achieve success with ease. Make sure your business is ready to grow The first step in this process is to have the primary goal outlined, whether you want to expand geographically, increase revenue, or expand market share. After this analysis, evaluate the situation of your company acting in a larger dimension. To do this, do some planning, find out what is necessary for your company to increase sales, which areas would be...

SWOT Analysis How to Use Before You Do Your Strategic Planning

Darryl Bachmeier Apr 27, 2019 Strategy

SWOT analysis is one of the main tools in support of Strategic Planning. With that in mind, we decided to talk more about how to use SWOT Analysis to start doing your Strategic Planning. What is SWOT Analysis? SWOT analysis is a management tool created decades ago and used until today for you to analyze the external and internal environments that your company finds. With it you raise the Forces and Weaknesses (internal environment) and the Opportunities and Threats (external environment) that affect your business. How to do a SWOT Analysis? To get started you need to list all the strengths and weaknesses of the company. You can brainstorm with your team to list all of these options. One technique that can help you analyze better is to score strengths and weaknesses to find out which ones are the most important and the least important ones. When using our Ready...

4 essential financial indicators that every business owner must follow

Darryl Bachmeier Apr 27, 2019 Business

The biggest mistake of (almost) every entrepreneur Every business owner must keep an eye on all areas of his business. Since the financial indicators to sales, production and inventory figures. The problem is that this general view can often make the manager unaware of the true details of his finances. In my opinion, one of the biggest mistakes most business owners make is a cursory look at their finances. If you believe that knowing your income, expenses, and whether you make a profit or a loss is enough, think again. Nowadays it is important to know these 4 indicators in order to make convincing and informed decisions: Financial margin - contribution margin This is perhaps the most important financial indicator because it will tell the business owner how much of the proceeds from sales after deduction of direct costs carry fixed costs and ultimately make a profit. The process is...

Project Management and corporate social networks

Darryl Bachmeier Apr 26, 2019 Project-Management

In Project Management, communication management is one of the critical factors of any project. According to the PMBOK® guide, communication management includes all the processes necessary to ensure the generation, collection, distribution, storage and last disposal of project information, in the appropriate form and time. In short, the person in charge of the project has to ensure that all the interlocutors of his project or stakeholders own or have access, at the right time, to all the required information using the most appropriate and effective means. This is extremely relevant because poor management of communication and information in any project can increase the time that must be spent to communicate, distribute, share and access information, and may even produce the total failure of the project. In order for the person responsible for the project to have the necessary information at all times, he or she must interact with the members...

Communication in project management

Darryl Bachmeier Apr 26, 2019 Project-Management

Importance of Communication Continuing to develop the theme of the previous entry, on Communication and project management. Communication has become indispensable to achieve success in projects and the organization of companies. It is, therefore, necessary and extremely important to reflect and plan on how is the best way to communicate in the field of project management and organization of the company. Communicate, is an important part of our day to day and we should pay the attention it deserves. A project manager invests most of his time communicating with all stakeholders or stakeholders of the project: The members of the work team. The clients of the project. The users. Providers. The managers of the organization to which it belongs. The co-workers. This communication is made with different purposes: Negotiating Reporting the status of the project. Assigning work to the team. Obtaining information on the execution of the project. Communication in...

Work Team a fundamental part of every project

Darryl Bachmeier Apr 25, 2019 Project-Management

Defining the Work Team The Work Team is a small group of people with complementary abilities that interact directly, committed to a common purpose, work objective, and planning and with shared mutual responsibility. Characteristics of the Work Team: They are formed by different people with different experiences, ages, attitudes, etc. For what they need to know. Interaction between the different members, relate and communicate. They pursue the same purpose or objective. There is a feeling of belonging to the team. With rules established by all. Different roles: each person represents a role and a role in the team. Transformation of the group to Work Team A team is a group of people who share a name, a mission, a history, a set of goals or objectives and common expectations. To convert a group into a team, it is important to choose a process in which phases related to the following...

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