Transforming your organization towards being more efficient and effective is the main drive for improving how you run your business. If we assess how well an organization is running its business, we’ll see that there’s always room for improvement, especially in this day and age of technological advancements where we rely on systems and apps to do things in a more natural and much better way.
Want to transform your organization digitally? You might think digital transformation consulting services are the right way to go. But think again. After all, there is a much more cost-effective system that will help your organization adapt much faster and give you a competitive edge.
It is January 2019, and like many an optimistic person, IT companies like us make up their list of resolutions. Much like the ‘lose more weight – eat better – exercise more – be healthier’ resolution for millions around the world, the same resolve pops up annually for us– without fail – but in different shapes and forms. Our recurring promise to ourselves has always been “this year we will build/launch/promote/update our intranet.” This promise appeared at the top of the list every year – except for the last two.
In a previous post on the 3 Myths About Performance Management, we discussed the Symmetry Myth, where performance specialists tend to measure everything equally because they see every single measure to be very important. Therefore, they evaluate all steps with the same effect on the employee’s performance score. In other words, all performance measures are given equal weights.
In the typical scenario involving the supplier receiving the invoices, the former is usually given priority to submit invoices to initiate the process of aging. By handling the invoice manually, as per the cases that were discussed previously, the suppliers were under the impression that the thirty or sixty days of payment term will start from the time they turned in the invoice. Besides, the supplier will be willing to pay regularly because the sooner they submit their invoice for aging, the sooner they can receive their payment.
When creating a business strategy, considering expectations against reality can be challenging. The management team is tasked with integrating all processes of the business, aligning them with the goals of vision of the organization.