Market changes, social changes and technological progress lead to an ongoing need to adapt your business model. In order to remain competitive, changes are necessary, which have to be considered in strategy and planning and subsequently implemented. Benchmarking is a method to help you to identify performance gaps in comparison to other market participants. Strategy… Continue reading How Benchmarking leads to excellence
Tag: Planning
Portfoliomanagement Real Estate
This article gives an overview about the criteria that can be used in order to classify and evaluate real estate properties (i.e. the portfoliomanagement). The aim is to put together a portfolio that will last long term and generate good returns. The parameters return, risk and liquidity are to be weighed up under the aspect… Continue reading Portfoliomanagement Real Estate
Accounting Trends for International Businesses
Today’s accounting department must not only deal with the collection of financial information, but has to deal with non-financial information, controlling, IT and process topics to demonstrate that valid, meaningful actual and planning data can be provided to various stakeholders. The increasing complexity should lead to more transparency, but accounting departments have to adapt to… Continue reading Accounting Trends for International Businesses
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
Big Data Benefits
Big data is the term used to describe large amounts of data in reference to businesses. It is collected from a variety of sources such as social media or business sales. Big data can be used to save you time and money when developing new products. Combining big data benefits with other research (e.g. healthcare)… Continue reading Big Data Benefits
All about Crowdfunding
Crowdfunding has changed since the first exciting days, and several new trends show the maturing industry. As an alternative financing method it enables you to finance your products via the crowd. Campaigns need to be set-up properly in order to launch a successful financing round. In this article you will find a lot of tips… Continue reading All about Crowdfunding
Predictive analysis and human behaviour
Predictive Analysis is the branch of machine learning that is putting all the data to work. It takes large data sets and uses mathematical algorithms to form predictive models. Then statistical methods such as regression analysis are used to find the variables that influence the models. Finally, machine learning platforms use those predictive models to… Continue reading Predictive analysis and human behaviour
Crowdcasting to Drive Innovation and CRM
Crowdcasting is the newest use of the crowd to change the paradigm of two important functions of business: innovation and customer relationship management. Innovation is being moved from the realm of experts to the crowd via problem-solving platforms like Hero-X. Incentives include contests and other forms of interaction, including cash prices, and problems that range… Continue reading Crowdcasting to Drive Innovation and CRM