Businesses can no longer remain complacent and expect that eroding profitability be simply reversed with increases in sales prices, sales volumes, or both. Cost containment is now a central focal point, with the company financial microscope being focused on the costs t...

With competition fiercer than ever before, businesses can no longer remain complacent and expect that eroding profitability be simply reversed with a strategy of increases in sales prices, sales volumes, or both. Implementation of cost reduction strategies can allow th...

What strategies have you implemented to increase profits by reducing inventory levels? Contrary to a common misconception, the cost of carrying inventory significantly exceeds bank interest costs on the investment in inventory. Other holding or ‘hidden’ costs of invent...

Common Workplace Demotivators

When employee morale or performance levels are low, organisations often focus on initiatives to motivate employees. However while motivational initiatives are endeavouring to inspire employees to work harder, they do little or nothing to el...

When conflict is avoided in the workplace the consequence can be devastating to an organisation, its culture and its employees. Performance levels and morale of employees involved decrease. Organisational productivity declines, while collaboration between employees and...

Are You Providing Staff With Constructive Feedback?

A vital component to managing staff is providing constructive feedback on performance. When structured correctly, constructive feedback can both improve performance and also motivate staff. However if the feedback is n...