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Tactical Execution Best Practice 1 – Priority System Alignment with Mission Goals

StrategyDriven Tactical Execution Best Practice Article | priority system alignmentSeldom do leaders assign work to individuals based on the corporate goal of achieving something.


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Additional Information

The following StrategyDriven recommended best practices can be used achieve the priority alignment discussed above:

The Importance of Business Intelligence Software and Why It’s Integral for Business Success

StrategyDriven Tactical Execution Article | The Importance of Business Intelligence Software and Why It’s Integral for Business SuccessIn the digital-first, customer-centric world we live in today, managers and business owners must deal with information overload. That is the reason why they are always looking for ways to derive greater intelligence, control, and understanding from their data. Adopting a business intelligence (BI) strategy is one of the best ways to deal with this problem, but most organizations have been slow to integrate it within their business systems. This is mainly down to a lack of knowledge, as businesses still don’t know, where to start, what it involves, and how long it’ll take for them to see any benefits.

There’s no denying that business intelligence software is crucial in helping organizations make reliable and timely decisions about their operations. It ensures that the business can access reliable information and make insightful decisions by reacting in real time. Business intelligence software has played a major role in helping organizations meet their challenges like narrowing margins, high customer expectations, and global competition.

Most businesses are still using traditional methods, which makes it harder for them to make decisions, as the information is stored in separate applications and databases. How quickly and accurately a company responds in this technology-driven competitive market is the main difference between success and failure. Business intelligence technologies have several functions that improve their performance, and one of them is reporting. It plays a key role in business intelligence, as it allows the decision makers of the enterprise to support their work. The discovery of essential data patterns (analytics) is also done through reporting, which is another key role of business intelligence.

Some of the standard functions of business intelligence technologies include predictive and prescriptive analysis, business performance management, text mining, benchmarking, and online analytic processing. Business intelligence refers to the application, tools, and good practices that are used to access and analyze data to optimize or improve the performance of the business. It converts raw data into relevant information that enables tactical and strategic insights to make effective decisions.

Business intelligence software is a technological process, which collects and processes data to attain actionable information. It allows users to acquire information quickly and transfer them to the proper personnel to make the right decision. Business intelligence tools have been around for a long time, but it was only accessible to large enterprise, who had the infrastructure and resources to implement this technology.

However, thanks to the advancement of technology, even small enterprises now can access business intelligence software through cloud computing.

The Main Benefits of Business Intelligence Software

Any organization that wants to remain relevant in the competitive market of today must adapt fast and real-time integration of business intelligence software. Most organizations today have changed their modes of operation so they can adapt to modern business intelligence technologies. However, there are still plenty of organizations that are under the assumption that business intelligence software isn’t user-friendly and is complicated.

That’s a misconception about business intelligence software since it is user-friendly and can be adopted quickly by an organization, while it ensures maximum profitability by smoothing the decision-making process. Businesses that have adopted this technology in their systems are thriving in all the challenges they are facing at any stage of their projects. Business intelligence software also allows small and medium-sized enterprises to reduce their cost of operations by identifying areas that have higher costs of expenses and finding measures to reduce them.

The best thing about business intelligence software is that it allows businesses to have agile operations and is often the difference between operating on profits or losses. To give you a better idea, we are going to discuss some of the main benefits offered by business intelligence software:

1. Better Business Decisions

When a business adopts business intelligence software, its management can easily identify all the financial and customer data, production data, current data, and business aspects of the organization. This information will allow the management to synthesize and analyze the products and investment reports, which will help them make better business decisions that benefit the organization.

2. Enables Faster and Accurate Planning, Reporting, and Analysis

Business intelligence software offers real-time information, which helps it provide accurate reporting solutions as it can connect with an extensive range of data. The software can plan and analyze informed business solutions, which reduce potential risks and allow a business to achieve faster growth.

3. Enhanced Speed of Decision-Making

Business intelligence software not only helps businesses make better decisions but also helps increase their decision-making speed as well. Without business intelligence software, an organization will be spending a lot of time implementing decisions, since they’ll need to cover business aspects one by one before making any decision. This is a time-consuming process, and with business intelligence software you cut down on the speed of decision-making.

4. Increased Business User Satisfaction

There is increased user satisfaction for the software because business intelligence offers better decision-making, reporting, and accurate analysis. It helps the business maximize its limited resources by using cost-effective solutions that allow business growth and enhance user satisfaction.

5. Customer Behavior Insights

Business intelligence software holds the key for identifying customer behavior patterns, as it determines customer responses and helps the business achieve market profitability by helping it retain customers and attract new clients.

6. Accurate Decision-Making

The best part about the business intelligence software is that it not only allows real-time decision-making but also enables accurate decisions to be made that will benefit the business. For instance, if your competitor decides to reduce the prices of their products, you’ll need to come up with a counter price for your product that is lower or similar. This decision will take some time to be implemented, as you’ll need to determine the impact of your profits after the price reduction. However, when you’re using business intelligence software, you get rapid and informed decisions that allow your business to stay on top of its game.

7. Increased Collaboration between Business & IT Units

Business intelligence software and systems have enabled growth collaborations between IT and business units. Any organization that aims to grow its operation must ensure that its business and IT units are working together, and this can be achieved easily with business intelligence software.

8. Offer Personalized Services

Business intelligence software is user-friendly and comes with a feature that personalizes information or data by making it easier to use and understand. The feature also ensures smoother collaboration between users in the organization and ensures a smoother transfer of data.

9. Track KPIs with Notifications and Alerts

The business intelligence software tracks the KPI by evaluating the current status and metric value against a target using specific measures that will send alerts to the user. These notifications allow users to come up with the right solutions or measures.

10. Identify Opportunities for Revenue

Revenue growth is essential to all organizations, and it is one of the main purposes of business intelligence software. Finding new revenue opportunities opens new doors for business and allows it to thrive and transform its operations. The software analyzes marketing strategies and campaigns to create important reports and insights on the best sources of high returns on investment.

11. Reduced Cost

Enterprises that struggle to sort out their financial statements are going to struggle in the long-run, and that is where business intelligence software plays such a major role. It helps find areas where the organization can cut down its costs, and the software helps to collect raw data on areas where there are high expenses and provides solutions to bring them down.

12. Better Operational Efficiency

Every business is striving to improve its operations, as it helps them take the next step in their development. However, to do that, businesses must monitor and measure their performance, and business intelligence software helps businesses come up with different activities that help drive business success. The software covers highly used metrics like productivity, performance, and employee satisfaction to ensure better operations in the organization.

13. Higher Quality Data

Data comes in all shapes and sizes, and some can be more complicated to understand and operate, which makes it difficult for organizations to take advantage of data-driven insights. There is a data visualization tool in business intelligence software, which allows for easier recognition of data. This feature is incredibly useful since it allows data to be converted into a better method or quality, which can be easily accessed.

14. Create a Data Culture in the Organization

A lot of organizations are guilty of data clustering, which leads to data manipulation and data loss. Business intelligence software is extremely useful when it comes to handling the data of a business since it allows easy collaboration and communications among members whenever data is updated. Users can also track data and its changes since notifications are sent to everyone.

15. Self-Service Culture

One of the biggest things about business intelligence software is that it promotes a culture of self-service in the business. Users can easily access data and easily manage it even if they aren’t familiar with the statistical analytics. Adding, creating, and manipulating data is easy, and this ensures cooperation between the different departments in the business.

How to Successfully Manage Your Business’s Fleet

StrategyDriven Tactical Execution Article |Fleet Management|How to Successfully Manage Your Business's FleetIf your business has a fleet of vehicles, it’s vital to manage them properly. These are valuable resources and your staff probably rely on them on a day to day basis. Your fleet of vehicles has to be cared for properly and monitored to ensure they’re being used in the right way. If you’re currently struggling to manage your fleet effectively and efficiently, read on and learn about how you can manage it successfully.

Set Rules and Policies for Staff to Follow

The staff member who are going to be using the vehicles on a day to day basis need to know how to use them and how not to. But that’ll only be the case if there’s a specific set of rules and policies in place for them to follow. Be clear about what these are so everyone knows what’s expected of that. The policies should outline what the vehicles are for and which restrictions apply to drivers.

Search for the Best Fleet Insurance

It’s vital that you have fleet insurance in place before you start using these vehicles. Taking uninsured cars on the road is a major problem and it’s something that could land your business in a lot of hot water. As the owner of the business and its vehicles, it’s up to you to ensure the insurance is in place. No one else is obligated to do this for you.

Find Mechanics You Trust

It’s vital to have a team of mechanics working for your business who you believe you can trust. These are the people who your business will turn to when something goes wrong with a vehicle in your fleet. You want to know that they’ll be there to professional assist you in a fast and efficient way. It’s worth doing some research and deciding which ones you want to put your trust in though.

Use New Analysis Tools

There are tools that allow you to gain insight into how your vehicles are being used. You can find ways to increase productivity by using these tools, such as fleet telematics. You’ll learn a lot and find new ways in which you can improve things going forward based on the findings of the analytics tools. The more insight you can get into how your businesses is using its vehicles, the better it is for you.

Ensure the Purpose of the Fleet Remains Clear

Finally, you should make it clear what your vehicles are far and what you want them to achieve. This applies on a functional level, of course, but it’s also more than that. You need to also think about the extra benefits your fleet can bring, such as raising brand awareness in the local area.

Managing a fleet of vehicles is an important task, and if your business relies on its fleet, it’s vital to ensure it’s managed properly. If it’s not, your business could be severely limited and damaged in its day to day operations. Keep in mind the advice listed above and demand the highest standards.

Singapore’s Employment Pass – How Difficult It Is to Get One

StrategyDriven Tactical Execution Article |Work Visa|Singapore's Employment Pass - How Difficult It Is to Get OneAre you planning to work in Singapore? If so, you will need an employment pass that corresponds to your skills and qualifications or the job you are interested in. Although Singapore has tried to make it a straightforward process, some people still find it a hassle. So, it is good to know how difficult it is to get an employment pass.

The truth is that the Ministry of Manpower in Singapore does not approve all of the applications. So, it is up to you and your agent to make a compelling application. Usually, the credibility of the hiring company and the individual will play a significant role.

Important Things During the Application

The MOM will factor many things before they approve your application. They may look simple, but they have a considerable amount of weight in making your endeavors a success.
They primarily look at the following:

  • Work skills and experience.
  • Personal details: citizenship, age, education, and current salary.
  • Whether or not it is possible to get local manpower under the same category.
  • The reputation of the company that is willing to hire you.
  • Your criminal records.

There are many other details that must be filled out in the application form. A reputable migration agent like Visa Express Singapore should help you fill out the application form honestly. What they should do is ensure that you qualify to avoid disappointments when feedback is given. If all is well, there is no need to get worried as the MOM will make a fair consideration.

Things That Will Make Your Application Get Rejected

There are many things that can make the application get rejected. Some may not be within your control. If the MOM has already processed enough EP passes, they might reject any other applications that are put on their table. This is a regulation that allows the locals to get a fair share of the jobs in Singapore. However, opening for foreigners are almost always there since more businesses and companies keep on opening. Also, there is a need for more labor that must be sourced from abroad.

Making an application without the right qualifications may lead to the rejection of the application. If the agent is proactive, they should help you to downgrade to the S pass if that is what you are eligible for. The good news is that you can grow your career by going back to school in Singapore and later upgrading to the EP.

How Agents Help in the Success of EP

From the beginning, it is highly recommended to use agents with enough experience in dealing with work visas in Singapore. You can easily find one online if you check well. Their job is to assess the possibility of succeeding in this application. It is crucial that they go through the form before they submit it on your behalf. They also check whether or not all of the supportive documents are attached before sending it.

If there is a rejection, they will go through it to ascertain what the problem was. In some cases, they can lodge a complaint with the MOM, especially if they feel that you should have qualified.

The Big Picture of Business – Each Role Matters. The Value of Support Staff

StrategyDriven Big Picture of Business ArticleEvery person in the company matters to its success. Every job is important, as is filling them with the best people for each job. The art and skill of being great support staff is a cornerstone of business success.

From pop culture, think of the great role models that we grew up watching:

Della Street was the loyal secretary to Perry Mason. She knew what everyone was thinking and was the glue to the cases. She was the model for executive assistants and office managers everywhere.

The CEO is made stronger with a good C-suite team. Ed McMahon was TV’s premier second banana. He worked as assistant, announcer, commercial pitchman and sketch narrator to Johnny Carson throughout their 29-year run on NBC-TV’s “Tonight Show.” They had previously worked together on a game show, “Who Do You Trust” on ABC-TV. Bandleaders on the late-night are vital #3 characters on the show, including Doc Severinsen, Skitch Henderson, Paul Shaffer and The Roots band.

The movie star heroes had buddies to help them navigate the adventures. John Wayne and Roy Rogers had Gabby Hayes. Gene Autry had Pat Buttram.

TV show stars had great support casts. Lucille Ball and Desi Arnaz had Vivian Vance and William Frawley as Ethel & Fred Mertz. This historic teaming became the formula for most other TV sitcoms. Shows like “The Mary Tyler Moore Show,” “30 Rock,” “The Office” and others had expanded ensemble casts.

Some performers made careers as supporting players. Ann B. Davis was Schultzy on “The Bob Cummings Show” and Alice on “The Brady Bunch.”

Back characters on TV shows included restaurant and bar operators, where the stars went top relax. There were friendly, familiar places such as Cheers bar, Arnold’s Drive-In on “Happy Days,” the Krusty Krab on “SpongeBob Square Pants,” Dale’s Diner on “The Roy Rogers Show” and other homey places. In the business world are those staff people who make us feel more like family. Therefore, our loyalty to the company rises, and we are more productive.

Still other back characters bring cohesion to the enterprise. On “Gilligan’s Island,” those glue-adhesive characters were the Professor Roy Hinkley and Mary Ann Summers. Those vital employees in the business world might include the IT guy, the receptionist, the mailroom manager, the ethics adviser and the secretary to the Board of Directors.

Great executives know the value of crediting support figures for the business success. Lt. Columbo was always quoting his wife as basis for testing hypotheses, though the character was never shown. Newspaper publisher Perry White was always upstaged by his employees, notably Clark Kent/Superman. Al Roker does the weather on “The Today Show,” and he is also the motivating segment host as well. Nobody turns letters like Vanna White, making her essential to the legacy of “Wheel of Fortune.”

And then there were those mentors behind the scene who were responsible for lots of creativity. The Beatles had George Martin as their producer. Steven Spielberg had John Williams as music composer for his films.

A host of people make the CEO look good. Further, they transform the company to greater plateaus. Warmly recognize the contributions of executive assistants, trusted advisers, mentors, support staff, hier apparents, adjuncts, vendors and outside stakeholders.

Here are some characteristics of support personnel and rising stars who will make it as professionals and business leaders:

  • Act as though they will one day be management.
  • Think as a manager, not as a worker.
  • Learn and do the things it will take to assume management responsibility.
  • Be mentored by others.
  • Act as a mentor to still others.
  • Don’t expect status overnight.
  • Measure their output and expect to be measured as a profit center to the company.
  • Learn to pace and be in the chosen career for the long-run.
  • Don’t expect that someone else will be the rescuer or enable you to cut corners in the path toward artificial success.
  • Learn from failures, reframing them as opportunities.
  • Learn to expect, predict, understand and relish success.
  • Behave as a gracious winner.
  • Acquire visionary perception.
  • Study and utilize marketing and business development techniques.
  • Contribute to the bottom line, directly and indirectly.
  • Offer value-added service.
  • Never stop paying dues and see this continuum as “continuous quality improvement.”
  • Study and comprehend the subtleties of life.
  • Never stop learning, growing and doing. In short, never stop!

About the Author

Hank MoorePower Stars to Light the Business Flame, by Hank Moore, encompasses a full-scope business perspective, invaluable for the corporate and small business markets. It is a compendium book, containing quotes and extrapolations into business culture, arranged in 76 business categories.

Hank’s latest book functions as a ‘PDR of business,’ a view of Big Picture strategies, methodologies and recommendations. This is a creative way of re-treading old knowledge to enable executives to master change rather than feel as they’re victims of it.

Power Stars to Light the Business Flame is now out in all three e-book formats: iTunes, Kindle, and Nook.