Archive for Management’ Category

29

Nov
2016
Comments Off on How Small Businesses Can Use Data for Decision Making | Extraordinary Business

How Small Businesses Can Use Data for Decision Making | Extraordinary Business

BI data

The ability to analyze and deploy business intelligence (BI) data is increasingly becoming a competitive differentiator in today’s marketplace. By 2018, most business users and analysts will have access to self-service BI tools, Gartner projects. Companies that use data are five times more likely to make decisions much faster than the competition, three times more likely to execute decisions as intended and twice as likely to have top-quartile financial performance, according to Bain & Company research. If you’re not using data, you may be falling behind your competition and losing out on opportunities to gain ground in your market. Here are some tips for effectively collecting, storing and deploying data in order to grow faster than your competition.

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19

Jul
2016
Comments Off on Create a Work Environment That Retains Employees | Extraordinary Business

Create a Work Environment That Retains Employees | Extraordinary Business

A fun, creative work environment packed with in-office perks is a great way to attract and retain the best employees. Just look at the Google campus. Lovingly called the Googleplex, it boasts an open design, free bicycles and free breakfast, lunch and dinner from any of the on-campus kitchens. Even if you do not have the multi-billion dollar budget of Google, your business can adopt business culture systems that will keep your employees happy and engaged.

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30

Mar
2016
Comments Off on Your Company Needs a Vision Statement | Extraordinary Business

Your Company Needs a Vision Statement | Extraordinary Business

Successful companies and people tend to have a clear, active vision statement to guide them

A company vision statement provides direction

There are companies that don’t put much effort into creating a vision statement for their organizations. Many companies simply focus on delivering a product or service and making the most money doing it. However, those same companies are missing an opportunity to create advantage in their marketplace by harnessing the focused power of its stakeholders. Creating a vision statement for an organization can be the catalyst to move an average organization to becoming one that is extraordinary.

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5

Jan
2016
Comments Off on All For One and One For All? When To Involve Multiple Departments In A Single Project | Extraordinary Business

All For One and One For All? When To Involve Multiple Departments In A Single Project | Extraordinary Business

Department meeting at office

Since starting your own business, you have acquired much insight into management and prudent, effective growth. By way of your own decision making, as well as executing advice from consultants and staff members alike, you have overseen your company’s successful transition from a single person sole proprietorship to a small but expansion-minded company, which includes several junior partners. However, success brings with it new challenges, and one of which you are sure to face as your team grows, is the question of when to integrate different departments on specific projects.

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