Do You Have the Will for Digital Transformation?

How solar energy can (finally) create value

The market for solar power is growing faster than ever, but profitability has been lagging. The keys to improvement are better capital and operational efficiency.
How solar energy can (finally) create value

How analytics can improve asset management in electric-power networks

New technologies and advanced computational methods can help transmission and distribution companies save money, reduce risk, and improve the reliability of their critical assets.
How analytics can improve asset management in electric-power networks

Reorganization without tears

A corporate reorganization doesn’t have to create chaos. But many do when there is no clear plan for communicating with employees and other stakeholders early, often, and over an extended period.
Reorganization without tears

Strengthening Japanese agriculture to maximize global reach

Japan struggles to maintain output levels and expand exports of its expansive agricultural sector. A new approach could help meet the government’s aspirations.
Strengthening Japanese agriculture to maximize global reach

Grow fast or die slow: Focusing on customer success to drive growth

Technology and software companies spend millions acquiring new customers, yet customer retention is what separates top performers from their competitors.
Grow fast or die slow: Focusing on customer success to drive growth

Key trends in digital wealth management—and what to do about them

While clients are slow to take advantage of digital advice offerings, those who do are happier and the tide continues to rise.
Key trends in digital wealth management—and what to do about them

How infrastructure companies deliver real benefits

The best projects provide, connect, and produce sustainable outcomes.
How infrastructure companies deliver real benefits

Fine-tuning family businesses for a new era

Family businesses were the particular beneficiaries of three decades of favorable global economics. Now operating a la familia should prompt soul-searching about how they manage their unique strengths.
Fine-tuning family businesses for a new era

Free Live Video Panel Oct. 27: Creating a Data-Driven Enterprise: Real-Life Cases

Over the past few years, the MIT SMR team has delved deeply into how data and analytics are changing companies’ processes, products, and business models. In a new, live video panel on October 27 at 11 am EDT, the editors leading that exploration, joined by the chief analytics officer at EY, will discuss key insights from a recently completed series of in-depth case studies on how prominent organizations are using data and analytics to transform their operations.

The panelists will discuss Intermountain Healthcare, GE, Nedbank, and the City of Amsterdam’s efforts to become more data driven. This set of diverse organizations in a range of industries and geographies offers a unique perspective on the challenges and opportunities associated with becoming a data-driven organization. The panelists will also take questions from viewers.

Register Free Now.

In the panel, you’ll learn:

• Why strong data governance is at the heart of any successful transition
• How partnerships are crucial to analytics success
• The leadership needed to create a data-driven culture
• How analytics improves process innovation, productivity, relationship management, and commercial opportunities

Register Free Now.

See more live and on-demand events from our 2016 Data & Analytics Webinar Series.

Free Live Video Panel Oct. 27: Creating a Data-Driven Enterprise: Real-Life Cases

Improving the investment patterns of cyclical companies

Companies that invest smartly when times are bad typically outperform peers.
Improving the investment patterns of cyclical companies

Strategic portfolio management: Divesting with a purpose

Tying portfolio decisions to a company’s distinctive capabilities can help identify which businesses to divest.
Strategic portfolio management: Divesting with a purpose

Discussions on digital: How large and small companies build a digital culture

Experienced digital leaders know that when it comes to agility versus stability, start-ups and large companies can learn a lot from each other.
Discussions on digital: How large and small companies build a digital culture

A Bank On the Edge of a Deep River

Taking a Value-Chain Perspective on Innovation

How to Calculate Sales Rate of Return Formula

Calculating Sales Rate of Return: Examples and Formula Explained The business’s executives as well as prospective investors require a comprehensive knowledge of the present financial standing. To achieve this, they generally evaluate the financial reports, mainly the balance sheet. The … Continued

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How to Calculate Sales Rate of Return Formula

Closing California’s housing gap

The McKinsey Global Institute provides a tool kit for fixing a chronic housing shortage in the world’s sixth biggest economy.
Closing California’s housing gap

How You Can Improve Teamwork In Manufacturing and Quality Operations

How to Encourage and Improve Teamwork The quality control department of the company identifies the processes required to accomplish the required quality level, that employees throughout manufacturing subsequently need to put into action. Crucial aspects in effective synergy between quality … Continued

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How You Can Improve Teamwork In Manufacturing and Quality Operations

Competing for Talent in the Platform Economy

Urban world: Meeting the demographic challenge in cities

The days of easy growth in the world’s cities are over, and how they respond to demographic shifts will influence their prosperity.
Urban world: Meeting the demographic challenge in cities

Can you achieve and sustain G&A cost reductions?

Yes, but not by playing it safe. Set big goals, insist on a cultural shift, and model from the top.
Can you achieve and sustain G&A cost reductions?

Data Sharing, Advanced Analytics, and Success with IoT

The “Internet of Things” focuses attention on the exchange of data between sensors and connected devices — but for IoT success, companies must look beyond the data. Managing IoT data introduces more complex interactions among a wide range of organizations, as well as new kinds of relationships with important stakeholders.

On September 22, 2016, the coauthors of MIT SMR’s recent research report on IoT and a representative of one of the report’s primary examples, John Buccola, CIO of WASH Multifamily Laundry Systems, shared experiences, findings, and insights from their exploration into how companies are deriving value from the Internet of Things.

Data Sharing, Advanced Analytics, and Success with IoT

Beware the Paradox of Automation

Style that’s sustainable: A new fast-fashion formula

Stylish, affordable clothing has been a hit with shoppers. Now companies are trying to reduce its social and environmental costs.
Style that’s sustainable: A new fast-fashion formula

How customer demands are reshaping last-mile delivery

The last mile is seeing disruption from new business models that address customer demand for ever-faster delivery, as well as new technologies such as drones and autonomous ground vehicles.
How customer demands are reshaping last-mile delivery

Leaders and laggards in enterprise cloud infrastructure adoption

Investments in organizational capabilities rather than specific technology choices separate the leaders from the laggards.
Leaders and laggards in enterprise cloud infrastructure adoption

Harnessing the power of digital in life insurance

Big data and advanced analytics will enable a wide range of new business applications for life insurers, empowering sales forces and better serving consumers.
Harnessing the power of digital in life insurance

Why the circular economy is all about retaining value

By reassessing where waste is most prevalent in their value chains, companies can learn to close those loops to get more from the resources and materials they use.
Why the circular economy is all about retaining value

The quest for quality in fresh-food retailing

In fresh foods, quality is critical—but hard to define and measure. Here’s how retailers can make the quality investments that yield the highest returns.
The quest for quality in fresh-food retailing

Digital Middle East: Transforming the region into a leading digital economy

A number of countries in the region have high rates of consumer smartphone penetration, but businesses and governments need to catch up.
Digital Middle East: Transforming the region into a leading digital economy

Formula to Calculate Net Working Capital

How to Calculate Net Working Capital Net working capital is one of the most important financial ratios you should use on an ongoing basis.   What is Net Working Capital? Net working capital can be described as financial ratio a … Continued

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Formula to Calculate Net Working Capital

SMART Goal Setting Process for Small Businesses

Small Business SMART Goal Setting Process SMART goal setting describes the planning course of action which measures several specific conditions so that you can examine the purpose and discover the viability. It’s really a specified practice that will take your … Continued

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SMART Goal Setting Process for Small Businesses

Where, how much, and how: Answering the hardest questions of resource allocation

The challenge of resource allocation is determining where the resources will bring the most value, how much money and talent to redistribute, and how to put those shifts effectively into action.
Where, how much, and how: Answering the hardest questions of resource allocation

Western Europe’s consumer-goods industry in 2030

To succeed in the next 15 years, manufacturers will need to stretch their operating models in new directions.
Western Europe’s consumer-goods industry in 2030

Customer Relationships Get the Data Treatment

Linking Project Selection to Business Strategy

Selecting the Right Projects Based on your Company Strategy The project is allocation of funds and employees to realize specified business goals. Project management is a process and strategies utilized to accomplish project goals, including determining, prioritizing and organizing jobs … Continued

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Linking Project Selection to Business Strategy

Why Digitization Won’t Put Operations Managers Out of Work

Will car users share their personal data?

Surveyed consumers in China, Germany, and the United States say yes, if they see value in return.
Will car users share their personal data?

Small Business Development Strategies Ideas and Tips

Business development strategies help small businesses with growth through concentrating on essential aspects of operations, such as advertising and marketing, relationships and personnel improvement. Efficient strategic management will help new companies to get around the usually unpredictable beginning years, assisting … Continued

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Small Business Development Strategies Ideas and Tips

MGI Essay Prize: Crowdsourcing ideas for revitalizing growth in Europe

After receiving several hundred essay submissions on how to pump life into Europe’s economy, the judges awarded prizes in a McKinsey Global Institute contest.
MGI Essay Prize: Crowdsourcing ideas for revitalizing growth in Europe

Can inbound tourism fuel Japan’s economic growth?

The country struggles to attract Western visitors, tourists focus on limited destinations, and capacity is already stretched. Addressing these challenges could significantly boost the world’s third-largest economy.
Can inbound tourism fuel Japan’s economic growth?

The future is now: How to win the resource revolution

Although resource strains have lessened, new technology will disrupt the commodities market in myriad ways.
The future is now: How to win the resource revolution

Free Webinar, Oct. 13: Platform Strategy and the Internet of Things

At the intersection of platform strategy — where technology connects people, businesses, and resources to create an interactive ecosystem — and the Internet of Things lie both tremendous opportunity and significant hurdles. Yet IoT, a “worldwide platform of platforms,” offers an order of magnitude more power for companies who can capture its value.

Join Professor Marshall Van Alstyne, coauthor of Platform Revolution and a research scholar at the MIT Initiative on the Digital Economy, for a free webinar in which he offers insights on how platform strategy and IoT combine to produce value for all players in the ecosystem, using his research and real-life examples.

Register now.

In this webinar, you’ll learn:

• What platform strategy is, and why it combines with IoT for value creation
• How companies are using IoT to advance their platform strategies
• What the challenges are in this space, and how to think about tackling them
• Best practices for organizing to leverage IoT and platform strategy

Register now.

See more live and on-demand events from our 2016 Data & Analytics Webinar Series.

Free Webinar, Oct. 13: Platform Strategy and the Internet of Things

Project Memo Example Format Template

The project memo is a short, informative company document that you can distribute to employees, operations or owners in a business which makes announcement about a project proposal, new meeting or perhaps modifications to existing process. The project memos are … Continued

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Project Memo Example Format Template

How to Manage a New Team?

Although you could be filled with ideas and excited about creating results as being a manager, it is a smart idea to move forward gradually in the beginning. Looking into your new team tasks and talents will allow you to … Continued

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How to Manage a New Team?

Warehousing value: An interview with Sky Deutschland’s Sebastian Hauptmann

A new perspective revealed hidden value in warehouse operations—and a new way of working with logistics-services providers.
Warehousing value: An interview with Sky Deutschland’s Sebastian Hauptmann

Tips on Outsourcing Sales Training

Outsourcing Sales Training Making a good income being a sales rep needs a optimistic frame of mind plus some effectively-perfected abilities. Breaking to the sales area with rather absolutely no experience can be done. Businesses regularly employ extra ordinary, target-focused … Continued

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Tips on Outsourcing Sales Training

How to Make a Sales Forecast Template

How to Develop and Use an Effective Sales Forecast     The sales forecast is actually expected sales based on a couple of points: 1. the actual developments which sales managers and professionals have noticed and 2. typically the estimations … Continued

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How to Make a Sales Forecast Template

Digital innovation in Asia: What the world can learn

Companies in the region are transforming their digital operations to great effect and building some of the world’s most successful tech giants.
Digital innovation in Asia: What the world can learn

Creating a successful Internet of Things data marketplace

Monetizing the flood of information generated by the Internet of Things requires a well-executed strategy that creates value.
Creating a successful Internet of Things data marketplace

Making data analytics work for you—instead of the other way around

Does your data have a purpose? If not, you’re spinning your wheels. Here’s how to discover one and then translate it into action.
Making data analytics work for you—instead of the other way around

Steering IT into the digital manufacturing era

Mattias Ulbrich, CIO of Audi, discusses technology trends in the automotive industry and how his team is enabling next-generation manufacturing practices.
Steering IT into the digital manufacturing era

An integrated perspective on the future of mobility

A number of social, economic, and technological trends will work together to disrupt mobility, potentially creating three new urban models by 2030.
An integrated perspective on the future of mobility

Budgeting Strategies Examples for Business Development

A highly effective budgeting strategies offer more than a prediction or monitoring associated with revenue and costs. Your small business may use the budget to really stay abreast with financial developments it may use for taking benefit of suddenly excellent … Continued

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Budgeting Strategies Examples for Business Development

Top-Down vs Bottom-Up Management Structure

Top down vs bottom up types of management structure differ when it comes to the way a company establishes the functional strategies, however both strategies display commonalities in the way the organization determines the business objectives. As a manager, you … Continued

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Top-Down vs Bottom-Up Management Structure

How B2B digital leaders drive five times more revenue growth than their peers

By focusing on the right digital practices, B2B companies—currently trailing B2C companies in digital transformation—can create long-term value. Here are five areas where digital leaders excel.
How B2B digital leaders drive five times more revenue growth than their peers

Mr Dashboard Weekly | Oct 10

  Management tips and tools this week:   How to Create Cover Letter for Business Plan posted in: Business Templates, Management, Small Business How to Create Professional Cover Letter for Your Business Plan Business plan is a crucial record for … Continued

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Mr Dashboard Weekly | Oct 10

Balanced Scorecard HR Strategy Development

Using the Balanced Scorecard for Developing HR Strategy The balanced scorecard way of operations was initially presented by Kaplan and Norton. This particular extensive management strategy which sets apart the company ambitions in to quantifiable KPIs and metrics might be … Continued

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Balanced Scorecard HR Strategy Development

Independent work: Choice, necessity, and the gig economy

The McKinsey Global Institute examines all the ways people are earning income, as well as the challenges independent work presents.
Independent work: Choice, necessity, and the gig economy

How to Prepare an Audit Report and Create Adjustments

How to Prepare an Audit Report Whenever a business or the auditors find out a mistake within an audit report, these types of mistakes need to be acknowledged and fixed. Audit reports speak for the reliability of the company’s financial … Continued

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How to Prepare an Audit Report and Create Adjustments

What is HR Planning?

Organizations can take part in numerous planning strategies to help manage marketplace issues and adjustments, like the HR planning. Typically the HR planning deals mainly with individuals employed in an organization, the resource many managers neglect when organizing for the … Continued

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What is HR Planning?

How to Create KPI Goals?

How to Develop KPI Goals to Better Manage your Business: KPI goals help business people recognize where their particular businesses may increase efficiency. The actual KPI could be customized to suit any organization or perhaps a division in the business. … Continued

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How to Create KPI Goals?

Chinese consumers: Revisiting our predictions

As their incomes rise, Chinese consumers are trading up and going beyond necessities.
Chinese consumers: Revisiting our predictions

Critical Success Factors for an HR Department Managers

Critical Success Factors for HR Organizations depend on hr department to take care of important features related to personnel employing, payment and relationships. In order to add value plus help the organizational success, HR individuals should know the company, build … Continued

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Critical Success Factors for an HR Department Managers

Creating a successful Internet of Things data marketplace

Monetizing the flood of information generated by the Internet of Things requires a well-executed strategy that creates value.
Creating a successful Internet of Things data marketplace

Making data analytics work for you—instead of the other way around

Does your data have a purpose? If not, you're spinning your wheels. Here’s how to discover one and then translate it into action.
Making data analytics work for you—instead of the other way around

Top Safety Management Principles and Examples

Your organization safety management system needs to be thorough enough to safeguard the more significant resources of the company. You will find several main safety management principles that each business must care about. Through concentrating on these types of crucial … Continued

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Top Safety Management Principles and Examples

Tips on How to Manage Change in Business

Managing Change in Business: Change in a company occurs for several reasons plus impacts each person in a variety of ways. We have a practice that organization management may stick to that will assist in handling change in a company. … Continued

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Tips on How to Manage Change in Business

How to Write Executive Summary for a Business Plan

Executive Summary for a Business Plan The actual executive summary of the business plan is among the most significant aspects of developing your business plan. A vital part of establishing your company is creating a business plan. Think about business … Continued

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How to Write Executive Summary for a Business Plan

Tech Savvy: Hacking Your Work-Life Balance

How work will change in the next economy

Tim O’Reilly talks to McKinsey’s James Manyika about the interplay between technology, the economy, and the future work.
How work will change in the next economy

How to Create HR Plan for your Company

A good strategic HR plan is the guide for any company when it comes to the mission, vision, goals and objectives. It provides practical places for example supply, production, advertising, finance, procedures as well as HR some sort of platform … Continued

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How to Create HR Plan for your Company

How to Create Training Metrics Scorecards

It’s very important if creating training strategies to thoroughly quantify their particular outcomes. This is also true with regard to small enterprises. The actual gain on the specific training situation could be hard to monitor, which means not necessarily often … Continued

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How to Create Training Metrics Scorecards

Steering IT into the digital manufacturing era

Mattias Ulbrich, CIO of Audi, discusses technology trends in the automotive industry and how his team is enabling next-generation manufacturing practices.
Steering IT into the digital manufacturing era

How to Write an Executive Annual Report

Executive Annual Report The executive annual report can be an update for the company overall performance during the previous year. It really is usually released in the guide form while offering some sort of break down of income and costs … Continued

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How to Write an Executive Annual Report

How to Track Sales Closing Ratio

Sales Closing Ratio Tracking and Reporting Sales closing ratio can be a percent which describes the rate when sales tend to be done. This compares the whole volume of qualified prospects against number of sales which are in fact accomplished. … Continued

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How to Track Sales Closing Ratio

Qualitative Sales Goals: Improve Quality of Sales Targets

Whenever your company is smaller, it is important to established sales ambitions and gauge your current development. The unique sales objectives you place on your organization are usually your targets. Offering targets may be quantitative or perhaps qualitative. A quantitative … Continued

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Qualitative Sales Goals: Improve Quality of Sales Targets

How to Reach Your Sales Targets

Using sales strategies to efficiently satisfy targets is most beneficial when implemented as component of some sales program. You will find a number of solutions to choose from, along with with practice, company leaders and their sales employees will get … Continued

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How to Reach Your Sales Targets

What private-equity strategy planners can teach public companies

Successful PE firms model practices that would benefit any multibusiness enterprise—as well as some that break the public-company mold.
What private-equity strategy planners can teach public companies

How we did it: Implementing a private-equity strategic vision

A private-equity veteran describes his approach to strategy.
How we did it: Implementing a private-equity strategic vision

Leadership and behavior: Mastering the mechanics of reason and emotion

A Nobel Prize winner and a leading behavioral economist offer common sense and counterintuitive insights on performance, collaboration, and innovation.
Leadership and behavior: Mastering the mechanics of reason and emotion

Performing Stakeholder Analysis in Business

Business Stakeholder Analysis Stakeholders in business are individuals who are interested in the manner your business functions. Stockholders and also organization owners, will be the direct stakeholders, because they make profit when the organization is successful. Your company likewise should … Continued

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Performing Stakeholder Analysis in Business

Strategic Goals in Manufacturing Businesses

Strategic Goals Examples Used in Manufacturing Strategic planning is a strategy of concentrating on a particular section of your company and after that building plans to increase the profits or perhaps productivity. It is advisable to create one particular strategic … Continued

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Strategic Goals in Manufacturing Businesses

How to Build An Effective Team

Team Building Strategies Assigning employees towards teams will be a great approach to improve the advantages of every person. Efficient team building won’t end with creating team duties. For just about any team of people to be effective collectively, you … Continued

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How to Build An Effective Team

Transforming operations management for a digital world

When combined, digital innovation and operations-management discipline boost organizations’ performance higher, faster, and to greater scale than has previously been possible.
Transforming operations management for a digital world

How telecom companies can win in the digital revolution

For telecoms, making smart use of digital technologies calls for a wholesale digital transformation. Five steps are needed to make it happen.
How telecom companies can win in the digital revolution

Do You Have a Conversational Interface?

Mr Dashboard Weekly | Oct 3

Inventory Control JIT Management Guide posted in: Inventory Management, Management, Operations & Manufacturing, Small Business, Strategy, Supply Chain Management Inventory Control and JIT Management Inventory control is really a main part of effective operations for just about any company which … Continued

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Mr Dashboard Weekly | Oct 3

How to Calculate Labor Productivity Rate

  Labor productivity calculates the amount of end product which will result through input. In company, often the input could be the work finalized by staff and the output may be the services that result of their particular hard work. … Continued

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How to Calculate Labor Productivity Rate

Strategies for Reaching your Sales Objective

  Employing sales methods to properly match goals is best performing when made use of as portion of your sales strategy. There can be many techniques to decide from, and even with implementation, small business leaders and their sales workforce … Continued

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Strategies for Reaching your Sales Objective

Strategies for Business Strategy Analysis

Business Strategy Analysis     Strategic management is a means of building the company mission as well as objectives, and after that setting out steps and procedures essential to achieve the organizational objectives. Strategies for analyzing the performance of the … Continued

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Strategies for Business Strategy Analysis

Why Cash Flow Is Critical In Business

Cash flow is a change within the organization’s cash situation from a single period of time to another. When you get in much more cash compared to how much cash you spend, there is a positive cash-flow. There is a … Continued

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Why Cash Flow Is Critical In Business

The new tech talent you need to succeed in digital

In today’s rapidly changing digital landscape, companies that understand their talent needs and know how to meet them have a competitive edge. Here’s how they do it.
The new tech talent you need to succeed in digital

Economic Conditions Snapshot, September 2016: McKinsey Global Survey results

Executives in emerging markets are newly optimistic for the future of their home economies, while respondents globally expect stable conditions in the world economy.
Economic Conditions Snapshot, September 2016: McKinsey Global Survey results

Impact of Inaccurate Business Budget

Consequence of Incorrect Company Budgeting Business budgets are plans for the financial aspect of the company. Big businesses usually include master budget which is based upon estimations obtained from additional company budgets with regard to different sections of the organization, … Continued

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Impact of Inaccurate Business Budget