Collaborative Minds Blog Plan.
Manage.
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If you want to run a successful business, there are financial terms you should familiarize yourself. For instance, you should understand the difference between Capex and Opex. (more…)

With the rise of a company, its internal bureaucracy also grows stronger and bigger. When you work in a company of 3 people, you can simply tap Bruce Murdock (your manager) on the shoulder and ask him – “Could you sign up this contract”? But when Bruce has more than a thousand employees and each one taps him on the shoulder, we believe that Bruce’s business would get stuck. So, Bruce organizes his people in teams and departments, which is a normal process, and sets collaboration policies in order to make sure that they manage contract lifecycle effectively.

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As an owner of a small or middle-size business, you will always make long-term and short-term goals. To assess your progress toward the achievement of those goals, you should use various types of KPIs . A KPI (Key performance Indicator) is used to track the success level of a contract or project. In addition, this benchmark can be used by each department within an organization. Maybe you are still asking this question: What is kpi? To understand more about this measurement tool, and how it is used to measure service delivery and projects, read on.

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How many times during the day do we multitask? We are so used to multitasking that we most probably do not even count. The problem is that unstructured work on parallel tasks often brings significant productivity loss that effects on all our daily activities and results generally. Some of the negative consequences of multitasking are:

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We live in a world where keeping track of everything is very important when minimizing costs, reducing employee turnover, and maximizing the customer experience. Resource management will help you do all of these things. The definition of resource management is broad and includes all of the information needed both to keep track of internal actions that are vital to the operation of the business and to run customer accounts. Let’s have a look on each part separately.

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Task management is the act of managing a task from start to finish. The task management definition is broad but specific in regards to certain steps that are involved. These steps include the planning of the task, testing, tracking progress, and reporting the results. Task management helps individuals and groups meet goals by setting personal or collective milestones.

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Product data management can have a tremendous impact on the productivity and efficiency of a business. With more and more consumers now shopping online as well as on wireless devices, it has become more important than ever for businesses to ensure their product data are managed in the most effective manner possible. The right product data management software can serve as a central repository for a variety of information regarding product history. Integration of such information can assist any business user who must interact with products, including engineers, project managers, buyers, salespeople, and quality assurance teams. With the benefits provided by product data management, retail businesses of all sizes can take advantage of a more streamlined business operation while operating more efficiently.

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In today’s modern world, companies of all sizes find they must manage massive amounts of computer resources and information. The sheer volume of data coming into companies continues to rise at an exponential rate. Even more concerning is the fact that the variety and volume of data will continue to increase in years to come. Developing an effective enterprise data management strategy is critical.

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Business Process Management (BPM) software doesn’t just cut costs, but improves revenues, so return on investment happens at both ends of the balance sheet. But maximizing ROI for BPM software requires that organizations embrace BPM methodology and have the training and motivation to put the software to its most effective uses.

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It may seem like a good idea to allow workflows to develop “organically,” similarly to the way college campuses observe where students walk when choosing where to install new sidewalks. And while allowing workflows to develop organically can be a good start, the original workflow is rarely ideal once people get used to it.

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