What is value chain assessment? It is the determination of the strategic advantages and disadvantages of an organization’s activities and processes that create value within their marketplace, thereby giving the organization a competitive advantage. The actual value is determined by … Continue reading →

Strategic business managers understand the importance of always having a finger on the pulse of their company. Without such informed insights, it is very difficult to make effective decisions regarding optimizing existing opportunities and scoping out new directions. Effective managers … Continue reading →

Activity Based Costing (ABC) and Activity Based Management (ABM) are sound financial tools that can be applied to any business. Their use in business is now wide spread and are being used by strategic business managers to replace the traditional … Continue reading →

We all prefer to do things that we enjoy. For many small businesses accounting tasks do not fall anywhere near the concept of pleasurable and are often pushed to the bottom of the pile. Such avoidance tactics can backfire because … Continue reading →

In today’s highly volatile and competitive marketplace, the strategic manager must possess a sophisticated perspective regarding creating and maintaining the overall public image of the organization. In order to accomplish this goal, marketing must play a key role, regardless of … Continue reading →

The tragic events of September 11th caused a global shift in the way we view ourselves and the world. Strategic managers have taken note of this shift and realized that one of the key survival strategies for business is to … Continue reading →

The First Lady, Hilary Rodam-Clinton, has said that it takes a village to raise a child. It seems that everyone is talking about teamwork these days… In the home, in the classroom, and even in the office. Does it really … Continue reading →

As of January 1, 2004 all businesses in Canada were required to be compliant with the “Personal Information Protection and Electronic Documents Act (“PIPEDA”). One of the main purposes of PIPEDA is to protect personal information held by the private … Continue reading →

What is outsourcing? Simply put … it is hiring an outside service to perform tasks that are currently being completed within your organization of work that you feel important to your business but never seem to find the time to … Continue reading →

Who has not heard the story of the gentleman who attended a function with a friend? He had not wanted to go but in the end went anyway. In conversation with his date’s father he explained what his field of … Continue reading →