• Why Auditing and Monitoring are Essential for Business Systems

    Why Auditing and Monitoring are Essential for Business Systems

    Spendingextra finances on monitoring and auditing doesn’t sit in well with mostbusiness organizations. Most people running businesses do not see the need tomonitor and audit their business. On an already strained budget it is logicalthat some business do away with the whole audit and monitoring process. For thesmooth running of an organization or a business audits and constant monitoringneeds to be incorporated into the business. Anaudit is a means of evaluating the internal controls of a business. It is aimedat evaluating the business in terms of how it is run and the efficacy ofvarious business systems. There are numerous... Read More

  • Effectiveness of Positive and Negative Feedback for Employees and Employers

    Effectiveness of Positive and Negative Feedback for Employees and Employers

    Mostemployees and employers value positive feedback over negative feedback. This isan understandable factor in the business industry, but the two types offeedback can both be beneficial. Positivefeedback informs an employee or employer that they are in the right track.Negative feedback in most cases is taken negatively because of how it isinterpreted. The customer is always right is a saying that is famous inbusiness and that should be highly adapted by employees and employers. Followingthe saying that the customer is always right negative feedback should be takenas an indication of a problem within the organization. Both... Read More

  • Work Enjoyment Helps Employee Retention

    Work Enjoyment Helps Employee Retention

    The focus of most modern dayorganization has been to reach beyond the normal provision of employeesatisfaction. Most of them are after an employeewho is more than satisfied within theirwork environment to increase the rates of performance within the organization.As is the case within most scenarios, this has led to an increased rate ofproduction, but in order to reach evenfurther height, organizations are after what people have come to refer to aswork enjoyment. Work enjoyment may be consideredas a form of job satisfaction that incorporates both formal job satisfaction and social job satisfaction. Companies havebeen after the... Read More

  • How Block Chain Technology Becomes Helping Hand Supply Chain

    How Block Chain Technology Becomes Helping Hand Supply Chain

    HThe concept of blockchain technology was first introduced with the introduction of Bitcoins. It was later adopted by other crypto-currencies across the world such as Ethereum, Dash, and Monero among others. The idea brings about a form ofaccountability that does not require one to trust the system nor the providerbut the product itself. The same case has been applied within the supply field,and this is speculated to increaseaccountability and sales as well. However, first, it is important to understandwhat blockchain is and how it functionsexactly. Whatis Block Chain Technology? As indicated earlier on, the ideaof the... Read More

  • Health and Safety Meeting and Effective Human Resource Management

    Health and Safety Meeting and Effective Human Resource Management

    The focus of most organization within the last few decades has switched to include the welfare of its employees. They are after the realization of efficient and effectively operating employees. An organization that has employees that are well taken care of has been argued to most likely gain a competitive advantage within the market as the performance of the organization increased to some degree. Therefore, there are variousapproaches through which organizations are focusing on the welfare of theiremployees, and they include health andsafety meeting and effective human resource management. Healthand Safety Meeting As is well... Read More

  • Critical Factors in Successful Acquisition and Mergers in the Construction Industry

    Critical Factors in Successful Acquisition and Mergers in the Construction Industry

    Thepast couple of years have seen a rise in the increase of mergers andacquisitions in the construction industry. This increase has been attributed tothe fact that most financial institutions prefer dealing with bigger companies.Another contributing factor to the increase in consolidation of constructioncompanies through mergers and acquisitions is the efficiency of theseconsolidated companies. It is believed that a larger construction company isway more efficient than smaller ones hence the consolidation.Mergersand acquisitions are highly beneficial as they do way more than just reduce thecost of production. Merging of... Read More