The COVID-19 pandemic raised significant Working Capital challenges and uncertainty for organisations in trying to manage their cashflow. Supply chain disruptions have been a major challenge, along with consumer demand, inflation and interest rate rises, the impact of collection of Receivables, and the rate of insolvency increases. An evolving time forward. The proper management of … Read more
Every organisation must contend with risks. Whether it is the environment in which the business operates, scaling the business, launching new products, employing people, collecting data, managing processes, building new systems. These are some examples that are all essential to growing a successful business. However, they are also sources of business risk, and an organisation … Read more
Risk Management is an important business practice that helps organisations identify, evaluate, track, and improve the risk mitigation process within their business environment. It is practiced by businesses of all sizes; small businesses do it informally, while SME’s and Enterprise organisations have a more structured Risk Management Framework. The goal of Risk Management is to … Read more
It’s an impromptu question that many Executives or Business Owners ask when the idea is discussed internally, but especially if they don’t see the obvious benefits (and value) beyond the view of this being another business expense. Certainly, from an outside perspective, it’s hard to understand – Why organisations would need an external Consultant to … Read more
There are many examples of companies that can take advantage of market change (e.g., Apple), whilst other companies struggle with internal issues or market related conditions. The reasons as to why, will differ for each, and every organisation. With the certainty of change being constant in any industry sector, your organisation needs to prepare for … Read more
Continuous improvement is defined as the ongoing development of products, services, or processes through both “incremental” improvement (over time) and “breakthrough” improvement (immediate and all at once). Organisations require a systematic approach to plan, action, and implement continuous improvement. By using data with a common language (and methodology), this enables Executive Management teams to understand … Read more
