In a Small-Medium Enterprise (SME) several financial-related tasks are typically headed by the Finance Manager. Whereas in large corporates these tasks are separated under different responsibilities, in SME’s these are often bundled in the Finance Department. The Finance Department of a SME is therefore often composed of these departments: Accounting Controlling Treasury IT Procurement The… Continue reading Finance Department Organization in SME’s
7 Reasons Why Businesses Need Structure (In The Home Office)
The element of structure is paramount for any organization, especially one that involves remote working in home offices. Essentially, structure encompasses formal and informal procedures and policies that a business owner can use to govern all the operations from a home-office. However, many home-based businesses don’t actually implement working structures in their operations because the… Continue reading 7 Reasons Why Businesses Need Structure (In The Home Office)
Geoengineering against climate change
Geoengineering, also called climate engineering, is a group of technologies that are seeking to mitigate the effects of climate change by two methods. The first of these, CDR, stands for carbon dioxide removal. The second is SRM, or solar radiation management. CDR technologies are trying to remove the excess carbon stored in the atmosphere–greenhouse gases… Continue reading Geoengineering against climate change
Prepare for the New Normal After Covid
The Covid pandemic has changed the world and the way we live in many ways. For this reason, a lot of work and money has been put into finding ways to put an end to it. Scientists have successfully created a vaccine for the virus, and this is currently being given out. More moves are… Continue reading Prepare for the New Normal After Covid
When a verbal agreement doesn’t cut it
Contracts govern nearly every aspect of day-to-day life in ways one may not even realize. From accepting the Terms and Conditions of an app on our smartphones to haggling over prices at a neighborhood yard sale, contracts are a fundamental part of modern life. We’ll explain what are the benefits of a written contract vs… Continue reading When a verbal agreement doesn’t cut it
Cloud infrastructure for businesses
Long ago, bulky computing data was a menace because it used to occupy so much space, owing to the physical facilities employed such as paper and floppy disks. Over time, many industries and companies started to seek better storage setup, and virtual internet storage (the “cloud”) was the best solution. Apart from the IT industry… Continue reading Cloud infrastructure for businesses
Why Art is Inspiring to Businesses
Almost every aspect of life is connected to art and can be explained with a few artistic features. In most business scenarios, artistic features stimulate employees to be productive. Additionally, it serves businesses on different levels, especially in connecting the workforce and the clients. With a portrait or artistic features, you can invoke some thoughts… Continue reading Why Art is Inspiring to Businesses
Impacts of Organisational Change on Employees
Change is an inevitable necessity for any business to be able to level up. However, it is not always welcomed with open arms by employees. Fear is a natural reaction that adjustments ignites and the mystery that comes with change. The tough truth is that a business can never make take step forward without making… Continue reading Impacts of Organisational Change on Employees
Does Higher Risk Lead to Higher Returns?
When you put your effort, trust and money into something, you expect them to bear returns after a certain period. Essentially, you will be risking all these aspects with the hope of reaping returns. Even in business, there is a general assumption that higher risks equal higher returns, which is basically known as risk return… Continue reading Does Higher Risk Lead to Higher Returns?
Non-Financial Parameters of Company Evaluation
Although financial parameters play a critical role in evaluating a company’s performance. Recent research suggests that non-financial parameters could play an even bigger role in company evaluation. However, using financial parameters alone may not provide a wholesome picture of the current state of affairs in a company. It is important to note that it can… Continue reading Non-Financial Parameters of Company Evaluation