Reasons Digital Transformation is Vital for Business Growth

StrategyDriven Managing Your Business Article |Digital transformation|Reasons Digital Transformation is Vital for Business GrowthThe world has been in the digital age for a significant period now, but some companies have been quicker to adapt than others. If your company is currently still languishing behind the rest, it may well be the time to have a rethink, as there are plenty of pros involved in a full digital transformation. Here, let’s look a bit closer at what some of these happen to be.

People Expect Instant Responses and Quick Service

We certainly live in a world in which more and more people are expecting to get instant responses and a rapid level of service. Otherwise, there are all sorts of other competitors that they could easily look to go to. Therefore, if your company is starting to show signs of age and you do not have key features, such as a live chat function, it may well be the time to change all of this. Some of your competitors could easily start to get the edge over you if you are not all that careful.

Employees Need Modern Tools

Not only should you be providing the right tools for your customers, but you should also be keeping a close eye on what your employees are needing at the same time. By ensuring that they have access to modern equipment, they are likely to be able to do their jobs in an even more effective manner than they were possibly able to otherwise. Certain key business processes may well have been done manually previously, but can benefit from a digital revolution.


Ensure Security is Taken Extremely Seriously

There is the sense that there is a lot to be gained from making sure that the IT Security situation at your company is entirely kept up to date. Otherwise, there is every chance that you can end up in a situation in which hackers make your company their next target. If you are stuck using outdated systems, and you are not evolving with all the modern threats out there, it could well be the case that you are going to end up being a victim without realizing it. This could end up setting your business back or even derailing it entirely in the more serious of situations.

Strengthen Other Business Partnerships

It could also be the case that there are other business partnerships that require strengthening, which could prove to be a major issue if you are still relying on tech that simply does not fit the bill. Ultimately, businesses are all about companies and individuals working in harmony with one another, and this is exactly what digital transformation should be able to bring along with it.

So, if you have been holding back on unleashing digital transformation at your business, these are just a few of the main reasons why it may be time to give this a rethink and ensure that you are entering the modern world properly. Modernizing your business like this could be the key to future success.

Maintenance Tasks You Should Always Complete On Your Commercial Building

StrategyDriven Managing Your Business Article |Commercial Building Maintenance|Maintenance Tasks You Should Always Complete On Your Commercial BuildingMaintaining a commercial building is no easy task. There are many things that you need to keep track of in order to ensure that your building is running smoothly. From cleaning the windows to installing a new roof, there are a lot of tasks that need to be completed regularly. The following blog post will outline some of the most critical maintenance tasks that you should always complete on your commercial building!

Inspecting And Repairing The Roof

One of the most critical maintenance tasks you must complete on your commercial building is inspecting and repairing the roof. The roof is one of the most essential parts of the building, and it must be kept in reasonable condition to protect the rest of the structure. Make sure to inspect the roof regularly for any signs of damage or wear and tear. If you notice any issues, make sure to repair them as soon as possible!

It’s also important to keep an eye out for any leaks in the roof. Leaks can cause severe damage to your building if they’re not fixed right away. So be sure to check for leaks after every heavy rainstorm and have them repaired immediately if you find any!

If you are not comfortable inspecting and repairing the roof yourself, you can always hire a professional to do the commercial roofing installation for you. Just be sure to get multiple quotes before making a decision.


Cleaning The Windows

Cleaning the windows is one of the most essential maintenance tasks that you should always complete on your commercial building. Not only does it make the building look more presentable, but it also allows natural light to shine through, making a big difference in energy efficiency.

To clean the windows properly, you will need to invest in a good quality window cleaning solution as well as some soft cloths or sponges. Once you have all of your supplies, follow the instructions on the window cleaning solution and be sure to rinse off any residue with clean water.

If you have large windows, you may want to consider hiring a professional window cleaning service to come and do this task for you regularly.

Checking The HVAC System

Another essential maintenance task you must complete on your commercial building is checking the HVAC system. The HVAC system is responsible for keeping the building comfortable all year long, so it’s essential to ensure it’s running properly.

Be sure to check the air filters regularly and replace them when they get dirty. You should also have the entire system serviced by a professional at least once a year to ensure that everything is in good working order.

In conclusion, these are just a few essential maintenance tasks you should always complete on your commercial building. By keeping up with these tasks, you can help ensure that your building stays in good condition for many years!

Future Manufacturing Trends Your Business Needs to Know

StrategyDriven Managing Your Business Article |Manufacturing Trends|Future Manufacturing Trends Your Business Needs to KnowManufacturing businesses are a staple in the global market, as they endeavor to keep up with the supply and demand of consumers. To do this, they have to continuously identify problems and inefficiencies, improve processes and overcome any challenges that are thrown their way.

One of the best ways to stay ahead in the industry and ensure your business is competitive is by keeping up with the latest manufacturing trends. This is because the manufacturing trends are driven by the needs of the industry and tools that are going to improve the objectives of any business, for example, technological advances.

While the industry is changing, global events such as the COVID-19 pandemic have also played a role in shaping the future of manufacturing due to the new obstacles and challenges the industry had to face. This meant a huge overhaul in the way that manufacturers had to run their businesses, as well as a shift in the way that consumers shop and purchase products. It has given many businesses a new perspective on the way things are run.

Many future trends in the manufacturing industry are going to be a response to these challenges that society faces, and provide businesses with sophisticated opportunities.

Here are some of the top future manufacturing trends that your business needs to know.

#1 Smart factories

It seems the manufacturing industry is at a tipping point, where more businesses will begin to build smart factories. This may include smart equipment, as well as smart software that provides a central monitoring system and data analytics, such as Overall Equipment Effectiveness software.

The free time during the COVID-19 pandemic was able to raise a variety of problems and inefficiencies with current software and machinery, and many businesses are using this as an opportunity to phase out older equipment and bring in new machines that are equipped with the latest technology and combines several processes into one machine.

Incorporating smart equipment will play a huge role in how efficient your business is, and the quality of your output. It will ensure you remain competitive in the market, as you will be able to keep up with your competitors who are reaping the same benefits. If you don’t, you will create a big gap between yourself and your competitors, and find your business plateaus.


#2 Sustainable processes

Sustainable processes are a huge focus for many businesses in the manufacturing industry. As Governments all over the world are implementing high targets for emissions, it is up to businesses to play their role and make positive and impactful changes. They are also going to come under pressure from their clients, who are going to want to work with businesses that are meeting the Environmental, Social, and Governance (ESG) standard requirements.

Manufacturing businesses are responsible for a large portion of toxic emissions. This is because of the variety of activities that are involved in the business, such as transporting goods, producing energy to run machinery, chemical reactions when working with raw materials, and waste in the production process.

In the near future, manufacturing businesses are going to be making more sustainable choices, for example, by only working with suppliers that have a Green certificate, not running equipment unnecessarily, using quality machines, utilizing renewable energy resources, reducing plastic consumption, pursuing carbon-neutral practices, reducing waste by recycling and reusing materials and much more.

#3 Health and safety

Health and safety should always be a priority, especially in a manufacturing business where the risk of injury is much higher. However, there are hundreds of fatalities per year, and this number only continues to rise. This has resulted in health and safety becoming a trend, in the hopes that more businesses will take it seriously.

Many businesses are employing a range of different systems and processes that will help make the workplace a much safer place for employees to be, with the goal of reducing risks and accidents. There will be more reviews in the workplace to monitor safety habits and behaviors, as well as regular training for all staff members, especially with the introduction of new technology.

Businesses are also investing in advanced equipment that will monitor the movement of their employees and even other aspects such as their temperature. This is to help with the control of COVID-19 and ensure employees are fit and well for work, and do not disrupt the workforce. During the pandemic, many businesses suffered with staff on furlough and off sick. Stricter measures that look after employees’ health will help keep staff well, happy and working.

With new technology and sustainable practices being introduced, the future of manufacturing is close.

6 Helpful Tips to Utilizing Technology in a Modern Corporate Environment

StrategyDriven Managing Your Business Article |Utilizing Technology|6 Helpful Tips to Utilizing Technology in a Modern Corporate EnvironmentTechnology is an integral part of any business. It helps us stay connected with our customers, makes it easier to manage our operations, and allows us to be more efficient in our work. However, to make the most of technology in a corporate setting, there are a few things that you should keep in mind. This blog post will discuss six helpful tips for utilizing technology in a modern corporate environment.

Keep your devices and software up to date:

In today’s world, technology is constantly evolving. It is important to keep your devices and software up to date to stay ahead of the curve. New updates often include security patches and new features that can help improve your productivity. If you are using an outdated version of a piece of software, you may be missing out on important security updates that could protect your data. Additionally, newer software versions often include new features and improvements that can make your work easier. Keeping your devices and software up to date will help you get the most out of technology in a corporate setting.

Use cloud-based storage and applications:

Cloud-based storage and applications can be an excellent asset for businesses. Cloud-based applications can be accessed from anywhere, which makes it easy to stay connected to your work. Additionally, cloud-based storage can help you save space on your device. If you are working on a project with multiple people, you can all access and edit the same document simultaneously. This can help save time when compared to emailing documents back and forth. Utilizing cloud-based services can help you make the most of technology in a corporate environment.

Invest in security:

When using technology in a corporate setting, it is vital to invest in security. Hackers are always trying to find new ways to access data; if you are not careful, they can succeed. You can take several steps to improve your security, such as investing in a good antivirus program and using strong passwords. Additionally, you should be sure to back up your data regularly or consider learning what is incognito mode. If your computer is hacked or damaged, you will lose all your data unless you have a backup. These steps will help you keep your data safe and make the most of technology in a corporate setting.


Educate employees:

One of the most important things you can do to make the most of technology in a corporate setting is to educate your employees. Your employees need to be familiar with the various technologies that you are using. They should know how to use them and what they are for. Additionally, you should provide training on how to stay secure when using technology. Many people are unaware of the risks of using technology, such as clicking on malicious links or opening email attachments from an unknown sender. If your employees are adequately educated on these risks, they will be less likely to make mistakes that could put your data at risk.

Streamline processes:

Technology can help you streamline various processes in your business. For example, you can use technology to automate repetitive and time-consuming tasks. This can free up your employees to focus on more critical tasks. You can also use technology to track your inventory and customers. This information can help you make better decisions about how to run your business. Utilizing technology to streamline processes can help you make the most of it in a corporate setting.

Stay flexible:

Finally, staying flexible when using technology in a corporate setting is important. Things change quickly in the world of technology, and what works today may not work tomorrow. Therefore, it is important to adapt to new technologies as they arise. Additionally, you should be open to trying new things. New applications and devices are always being released, and you never know when one of them could revolutionize the way you do business. By staying flexible, you can ensure that you always make the most of technology in a corporate setting.

You can do many things to make the most of technology in a corporate setting. Technology can help you improve productivity, streamline processes, and stay connected to your work. Investing in security and educating your employees on using technology safely is also essential.

Why Carbon Accounting is Important for Your Business and How to Set it up

StrategyDriven Managing Your Business Article |Carbon accounting|Why Carbon Accounting is Important for Your Business and How to Set it upGreen accounting is an important managerial tool, whose implementation can benefit businesses now and in the future. Keep reading to discover why green accounting matters, what are the benefits, and how to implement it.

What’s carbon accounting?

Carbon accounting is the process of quantifying the environmental impact that a given entity emits. For example, carbon footprint calculators and national inventories use carbon accounting methods to determine the greenhouse emissions of organizations and entire countries.

Carbon accounting isn’t new in corporate settings, since environmental reports have been in place for a few decades. But as global sustainability concerns continue to grow, so does the need for businesses to become more accountable in this respect.

The development of platforms devoted to helping business owners decarbonize their company, like Greenly, confirms the growing importance of carbon accounting.

In this article, we’ll look at why green accounting matters and will offer a three-step carbon accounting guide to help you get started.

Why green accounting is important for your business

Improved decision making

Quantifying the environmental cost of business operations gives access to granular data relevant to both financial and environmental goals. With this information, decision makers can define or redefine the policies, practices, or operations that will bring the highest impact in the medium and long term.

A value-driven business

New values are emerging as a result of growing environmental concerns. Through green accounting, you can better align your business practices and corporate mission with current social values.

This can help highlight your contribution to sustainable community development and offer maximum transparency to all stakeholders.

Support your CSR strategy

Green accounting and corporate social responsibility are a natural match due to the importance they place on the true impact of business practices.

Thanks to its quantitative nature, green accounting can be a valuable tool that provides insights and facilitates decision making. Green accounting data can help determine how to best fine tune your CSR strategy, so that your business makes a valuable contribution to society while remaining profitable.


Better compliance

Implementing green accounting can facilitate compliance with regulatory requirements. Such requirements are only expected to become more stringent in years to come, so acting now is vital in order to build a future-ready business.

Three steps to set up green accounting

Essentially, the process of implementing green accounting in corporate settings involves setting up tools and practices that facilitate the systematic collection, organisation and reporting of data.

The first step is to determine where exactly your business is in the path towards full implementation. This means knowing where your business stands in terms of carbon dioxide emissions.

To do this, you can use one of the following green accounting methodologies:

  • The spend-based method, which estimates the carbon footprint of purchased products and services relative to their cost.
  • The activity-based method, which quantifies the emission output of each business activity.
  • The hybrid method, which combines spend and activity-based methodologies for better accuracy.

Secondly, become familiar with the Greenhouse Gas Protocol’s tools and standards, created to help organizations develop an accurate and comprehensive approach to measure emissions.

And third, choose the right tools. Dedicated software can simplify the green accounting set up process by:

  • Consolidating all your data in a single platform.
  • Using the latest technologies to reduce the risk of errors and miscalculations, which cost time and money.
  • Providing expert industry-specific recommendations on how to minimize your corporate carbon footprint.

Implementing green accounting can help your business stay relevant in a changing world. The keys to successful implementation are systematizing your approach to data collection, organization and reporting, and supporting your efforts with dedicated software tools.

Now is a good time to take the initiative and embrace green accounting to ensure your business is future ready.