Introduction There is a big difference between reality and expectation and fixing it is integral to improving an organization’s performance. Strategy performance management helps fix this problem. An organization needs a clear strategy to succeed. However, all aspects of the organization must align with this strategy to achieve successful operations. Execution of a good plan… Read more
Introduction The cost of onboarding new customers has increased by more than 60% in recent years. With the current trends in digital marketing, the cost of advertising to increase the target customers has more or less doubled in recent years. Acquiring new customers is an art and science. It is a culmination of not only… Read more
Introduction Setting goals and achieving them are integral to an organization’s day-to-day operations. Success in attaining those goals needs to be measured and evaluated to ensure that your goal achievement leads to the right impact at every level. For this purpose, businesses use various statistical data which will be further compared to other important metrics… Read more
With the advent of a new wave of businesses that follow emerging business models, it has become necessary to adopt dedicated KPIs designed to measure their success. For instance, companies that have adopted the SaaS model offer hosted products on a server, and they can be accessed over the internet and are paid for through… Read more
What is strategy development? Strategy development identifies strategic options to help an organization grow and accomplish its goals. It involves deciding what resources are needed and how to allocate them to help actualize these objectives. The strategy development process details how the team plans to achieve the goals. It also includes the company’s vision and… Read more
Contrary to popular belief, good products don’t sell themselves. If you have a great product you’re passionate about, you still have to put yourself out there and get customers. A sales strategy is your game plan to beat the competition and grow your bottom line. But what is a sales strategy, and how do you… Read more
A business manager’s key role is implementing strategy, but what does that mean? Even seasoned managers face challenges in strategy implementation for various reasons, from poor communication to lack of resources and resistance to change. This guide explores the best ways of implementing a strategy to give your business a competitive edge in your industry…. Read more
Did you know that only 44% of leaders feel that their organizations can implement a successful strategy? Companies face numerous challenges in strategy implementation. For example: Poor leadership and communication Resistance to change One way to overcome these challenges is through strategic priorities. When you understand the importance of each element in your strategy, you… Read more
In the current competitive market, employee retention is an essential aspect. Losing valuable employees with specialized and high-demand skills is expensive in terms of time and money. Hiring and training new employees is an additional cost that can affect production and business. It’s easier to address the issues that cause employees to depart. The Annual… Read more
The churn rate is a percentage of the number of people who discontinue their business with you over a given period. It also refers to the rate employees leave your company over a certain period. Calculating churn allows you to monitor your business’s performance and growth. Even low churn rates can significantly affect the long-term… Read more
In line with the nature of the constantly changing tech scenario, the way software businesses deliver their products and services and how they earn their revenues have changed drastically. The transformation of the tech scenario dominated by cloud based technologies has made it possible for companies to offer ‘Software as a Service’ (SaaS), which has… Read more
How can you leverage the IKEA effect to benefit your business? Participation and initiative from the self are key driving forces of an engaged workforce. These qualities put into perspective the importance of the role played by every employee in the organization. When they can see how their work, personal achievements or ideas/suggestions go into… Read more
