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The Critical Importance of Data Quality Over Mere Data Collection

Strategy Driven

Business operations, ranging from supply chain management to customer service, depend heavily on accurate and timely data. For instance, in supply chain management, inaccurate inventory data can result in either surplus stock, which ties up capital and incurs storage costs, or stockouts, which lead to missed sales and dissatisfied customers.

Quality 95
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What Motivates Power-Hungry Bosses

The Horizons Tracker

“If you can think back to a time when banks had branches with local managers, it has been very well-documented that they are much better at assessing credit risks than people back in head office, for example,” the authors explain.

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The Value of Value Chain Analysis in Transforming Your Business

N2Growth Blog

Because value chains are independent of existing organizational structures, staff and work locations, they are less intimidating to the management and staff that have a vested interest in maintaining the status quo. These models (and the analysis of them) are valuable for presenting new and different ways of thinking about the business.

Analysis 316
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Small Firms Shifting Horizons As A Result Of Brexit

The Horizons Tracker

The very act of diversifying trade patterns itself does not come without any risk, as transport costs are likely to grow, and companies are forced to operate in unfamiliar markets with unfamiliar bureaucracy. Add in currency and credit risks, and it’s by no means an easy pivot to make. ”

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7 Steps to Problem Solving

Skip Prichard

It used to be that you could learn the core skills for a career in college and graduate school – think management, accounting, law – and then apply it over forty years. The biggest challenge is the speed of change, which pressures all the management approaches we were taught in business school, particularly around planning cycles.

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10 Ways to be a Better Team Player :: Women on Business

Women on Business

Categories : Communications , Ethics , Leadership , decision-making Echo Garrett is the National Practice Manager for KPMGs Financial Credit Risk practice and a Co-Founder of "Her Voice", a National Womens Organization that brings women together for local support and charitable opportunities.

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StrategyDriven Editorial Perspective – Good Intentions, Bad Results: Learning from the Panic of 1826

Strategy Driven

Most of these “affordable” loans were in fact sub-prime, “for persons with blemished or limited credit histories,” and “carry a higher rate of interest than prime loans to compensate for increased credit risk,” according to HUD.gov. But was it a new financial world?