One of the many challenges faced by business today is that of supplier relationship management. Payment practices are often an indicator of an organization’s relationship with their suppliers and they can have a huge impact on a business’s success or indeed, failure.
For many organizations, strategy is synonymous with organizational objectives, goals, or even their business plan. It is something organizations spend considerable time and money to produce- whether it is being created by a strategy team inside of the company, or being outsourced to consultants and experts.
Organizations can no longer survive without IT. If you’re a startup company, you might depend on Microsoft Office Suite to help you with word and data processing. Microsoft Excel might be the main application to manage your finances. If you’re an SME, you would probably be using more sophisticated tools for CRM, accounting and other areas of your business. As you grow into an enterprise, you would probably have more applications than your employees know about. The bigger your organization, the harder it is to roll out new IT solutions company wide. This challenge is true across all industries, even for IT companies.
Small & medium business owners in the Middle East are all very optimistic at the growth opportunities and potential present in the region, but due to the current political situation influencing an economic downturn they are facing a lot of problems hindering their potential for growth. The top 5 of these problems include