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
Supply chain, even on a global scale, is often complex and mostly lacks transparency. This is why it is the responsibility of any business to work extra hard to ensure that they move towards achieving or, better still, improving their social responsibility (ESG factors: Environment, Social and Governance). Furthermore, many businesses infinitely believe that things… Continue reading Why You’re Responsible for the Supply Chain
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
What we eat and how we eat it is changing and despite or maybe because of COVID-19, there will be more focus on food trends. It’s been evolving for decades because those within the food industry know that it’s critical to partake in short-term trends in order to stay successful. Those who fail to embrace… Continue reading Food Trends for your business
What would a retail experience look like three years from now? What if you could browse a store while sitting in the store? Let’s suppose an associate hands you virtual reality glasses as you enter the store. You are guided to a private viewing room complete with snacks and beverages: That will be available with… Continue reading Where Are You: Retailers Virtual Technology?
For all organisations, the difference between success and failure lies in identifying and cultivating strong leadership. Without strong managers weaved throughout the organisation, it’s possible the entire company will stagnate and fail to deliver on the promise of its mission. But how many functional periods shall a manager remain in place? Identifying strong managers isn’t quite… Continue reading Why two functional periods are enough