Today, more and more organizations are adopting cutting edge technology and process frameworks to enhance IT AMS (Application Maintenance and Support) capability and efficiency. These applications are able to handle all of the complex business processes which traditionally are handled by experienced and qualified professionals. Rather than the traditional IT support, the organizations need to… Read more
Each and every business has a core vision or mission that articulates what the business aims to do in the long run. Vision is a reflection of the organization’s aspirations, and an organization sets its objectives and goals in line with that vision. Therefore, goal-setting is an integral part of an organization, its culture, and… Read more
What Is Process Mapping? A Guide to Process Mapping With Sample Template Process mapping allows you to understand how a particular process works. This is a diagram map of workflow, including all business process steps. Understanding Process Mapping Process mapping is a technology involving the mapping of workflows and processes. The result of process mapping… Read more
The success of an organization depends on how well it executes its projects. However, executing projects is neither easy nor straightforward. Implementing a project involves planning, defining goals, coordinating various teams, reviewing their performance periodically, resolving issues that may arise in the course of the project, ensuring that the teams are on track, achieving targets,… Read more
The Five Phases of Waterfall Project Management: Its Advantages and Disadvantages Have you ever wondered why Elon Musk, Jeff Bezos, Bill Gates, and the rest of Silicon Valley have successful projects? The answer is outstanding project management, which ensures successful implementation from start to finish. Good business leaders create a vision, articulate the vision, passionately… Read more
Understanding People Management and Its Benefits People management involves acquiring, optimizing, and retaining talent. A well-managed team has morale, optimal performance, and good relationships. The relationship between employees, managers, and executives can make or break a company. Without nurturing and empowerment, skilled employees leave for better working conditions. More than 60% of companies admit that… Read more
According to Forbes, the belief that remote work leads to decreased productivity doesn’t hold much water. Even with the onset of the Covid-19 pandemic and fully remote work, some companies saw better results from their teams. 74% of businesses plan to make a permanent shift to remote work because of this increase in efficiency. So… Read more
Every project manager hopes to deliver all the project requirements on time. But sometimes, things do not go as planned, necessitating the need for project scope management. What Is The Project Scope? The project scope defines and outlines the essential aspects of a project. This information includes the project stakeholders, deliverables, processes, requirements, and constraints…. Read more
Net Retention Rate (NRR) is a crucial KPI for any business. It measures the percentage of customers who continue to make purchases after their initial purchase. By improving this metric, your company will see increased revenue and profit margins over time. This article will discuss how you can measure net retention rate in different ways,… Read more
Customer lifetime value is the profit an enterprise can generate from a single customer throughout the business relationship. Do you know a 5% increase in customer retention results in a 25% to 95% increase in profit? The customer retention rate increases the customer lifetime value and reduces the amount that the enterprise spends on indirect… Read more
In only a few short years, the cost of acquiring new customers has increased more than 60%. And with the boom in digital marketing, the cost of advertising to gain your target audience’s trust has also doubled, if not tripled in some industries. As a business owner, you may have already tried your hand at… Read more
What Is Employee Offboarding? Employee Offboarding is the process that leads to the formal separation between a business and its employee through resignation, termination, or retirement. Depending on the seniority of the employee, the offboarding process might differ for each employee. This may include: Transferring that employee’s job responsibilities and knowledge Deactivating access rights and… Read more
