Business Operations and Process Management

Discover more about the key organizational functions that help a business to run smoothly, and the processes and procedures that underpin a culture of safety, productivity and continuous improvement.
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3 Minutes

Quality Circles

Many of the best improvement ideas come from groups known as quality circles. This article outlines the key points to consider when forming a quality circle.

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7 Minutes

Understanding the Profit and Loss Account

A profit and loss account tells you about an organization’s financial performance and in this article the key components of the profit and loss account are explored. It will help increase your understanding of how to read and construct a profit and loss account.

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10 Minutes

Decoding the Balance Sheet

A balance sheet is a snapshot of the financial status of an organization at a particular time. This article will help you understand how to read a balance sheet by examining the principles behind the information it contains and its layout.

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10 Minutes

Social Selling

Social selling helps you transform online sales prospects into valuable clients. Follow these nine steps to implement an effective social selling strategy.

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14 Minutes

Descriptive Statistics

Here, we explain some of the methods of summarising and presenting raw data, collectively known as ‘descriptive statistics’.

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2 Minutes

Getting a Command of Cash Flow Forecasts

Cash is a vital resource for the operation of any organization. It is possible to be making profits but run out of cash. This article outlines how you can use a cash flow forecast to model the probable future cash position of an organization.