Dynamic Business

An opinion piece about the work the Independent Commission Against Corruption (ICAC) are doing in NSW.

Organisations often use software that is completely inappropriate for the size of their organisation. Frequently there is a belief within organisations that they need one of the big players (SAP, Oracle, etc) to deliver their solution because “that’s what everyone else is doing”.

If someone is proclaiming they are an expert in their field, more often than not, they’re telling fibs. Here’s a look at the kind of specialists you can put your trust in, and spend your dollars on.

Late payment is becoming an epidemic that is threatening the future of many small and medium sized organisations Australia wide. Australia often sees itself as an egalitarian society, the land of the fair go – well where is the fairness in not paying supplier invoices in a timely manner!

Are you focused on financial reward only or are you truly striving (as hard as this may be) to be the best in your space? Here’s how one business owner is ensuring his team of directors and employees are constantly working to achieve this.

Fixed costs can be a killer in any business – they can creep into any organisation slowly and choke it like a pervasive weed. Here’s how one specialist suggests you manage these difficult expenses.

In difficult economic times having accurate factual information to make informed decisions is critical for the boards of Australia. Working with ‘gut’ based decisions is no longer an option.

Maintaining focus on your key competencies is important and sometimes the need for diversification is required – after all, innovation is good. However, it’s far too easy for organisations to become sidetracked with unnecessary innovation, in the wrong areas.

The movement in Australian organisations to deliver “more for less” and reduce risk is really starting to register on the radar within boardrooms.

Chess and poker are games that are played by people all over the world, with different levels of ability, and one expert believes that many organisations are playing similar games with their business.

The message of delivering more for less is hugely important in business, but despite this, sourcing and tendering are two areas that are very often neglected. Here’s how to drive more value in this vital area.

Have you completed your proper due diligence on your business contracts? It’s crucial to plug the holes in your business contracts before you find yourself sinking.

The best negotiators are those who come to the meeting with a negotiation planned out – but with room to be flexible and a mindset of fairness to both parties. If you haven’t mastered this important skill, these 10 tips will help.

Tough economic conditions and vanishing revenue streams mean organisations across Australia are searching for clever ways to maintain shareholder return. Ask these simple questions of your business to see if you can do the same.

If all an employee wants to do is order some paper for the photocopying machine, the process to do this should be easy and intuitive. Unfortunately, most businesses don’t succeed at this. But, if you make your procurement process as simple as Amazon and eBay do, staff won’t bypass your systems – they’ll embrace them.

Too many people focus on a problem rather than focusing on the end result. This is where a business intelligence solution comes in – by having the right information easily accessible businesses can make informed and innovative decisions.

How well do you track and monitor employee expenses? Could your organisation be one step away from a media scandal? Here’s some expert advice for managing this responsibility.

According to Gartner, a staggering 75 percent of all IT implementations fail. Use these tips to ensure it doesn’t happen in your business, wasting valuable time and money.

Do you know what determines the success of a software implementation? According to the experts, you need to know what you want, which provider you want it from and how to stay focused on the solution you have in mind.

Or do you not manage it at all? Reducing supplier risk and having greater transparency is crucial to businesses across Australia.