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

Risk Management in Corporate Planning

Corporate planning is one of the most important tasks of the management and serves the presentation and calculation of possible future developments. Making the future plannable depends on a number of variables: one of these variables is risk. Risk always includes opportunities. The higher the risk, the higher the chances. Nevertheless, dealing with risk often… Continue reading Risk Management in Corporate Planning

The DMAIC method to optimize support processes

Over the past decade, the framework conditions in nearly all industries have changed fundamentally. What at first glance looks like a global process of change is much more complex on closer analysis. Both the starting position, the direction and the extent of the necessary transformation processes in the industry are very different from region to… Continue reading The DMAIC method to optimize support processes

Internal and external controls in European companies

The reliability of the financial results of a company is of great importance, as they represent an important information for financiers, banks, business partners, etc. The financial information shall reflect the true and fair view of the assets, liabilities, financial positions and profit or loss (based on the internal controls of the company) and shall… Continue reading Internal and external controls in European companies

Understanding Business Continuity Management

Disasters always come without warning, meaning lack of preparedness can have devastating results to businesses. The only way that a business can ensure preparedness for disasters is through a business continuity management programme. Barclay Simpsons describes Business Continuity Management (BCM) as a holistic management process that helps an organisation identify potential threats and the possible… Continue reading Understanding Business Continuity Management