To earn money, you must spend it. That’s a business fact. Whether it’s product cost, employee salaries, property costs, marketing, or equipment, you will always have some overhead involved in starting and maintaining your business. This reality is scariest for new businesses trying to break even, or old ones in an economic downturn. So how can these businesses employ cost control measures to keep overhead down and boost profits in the meantime? What methods can they use?
Strategic management and Innovation
We communicate with each other every day. You may have heard the adage that “90% of communication is nonverbal, but is this really true? As reported in an article by ACM, this saying, while not completely false, is misleading at best. We cannot discount the importance of effective verbal language in combination with effective body language when it comes to business communication.
So you’re combing through a job search engine, or maybe you’re browsing the position listings for a company you’re interested in working for, and you keep seeing the same listing over and over. “Project manager.” Sometimes there might be one or two of these, but occasionally there might be 20 – or even 50 or more – of these types of listings. What in the world is project management?
It’s safe to say the best employers want to foster a culture of accountability in the workplace. Those who don’t, don’t usually stay employers for very long. Accountability in business can, though, sometimes feel like an unattainable standard, a light at the end of a very long and dark tunnel full of HR nightmares and employees that do more damage than they do good to your company.
When you graduate with your degree, you’re bombarded with advice. “Go on a trip,” “find yourself,” “get experience first, don’t worry about salary,” “don’t settle for a job you don’t like because of the salary.” While a lot of this career advice is solid, it can be difficult to organize it into “useful now” and “useful later” piles. And if you try to do everything your advisors, friends, and family members tell you to do, you’re bound to shoot yourself in the foot.
The world is in the throes of global change. We are experiencing an advent of technologies that boggle the mind with their abilities, an age where robots can become bosses and people and computers are working seamlessly to generate unprecedented volumes of work. Twenty years ago, the corporate, 9-to-5 mindset dominated the world of work. Major corporations like Wal-Mart and IBM controlled the world of work, wielding thousands of employees that smaller businesses could not compete with. It seemed like the only way to beat them was to work for them, gaining a tiny piece of their enormous pie.
It’s no secret that technology is bleeding into every facet of our everyday lives. Since the advent of the internet, businesses have been riding the wave of technological advances, or struggling to keep up with it. One hallmark of a solid business today is its ability to keep up with advances in technology, and wearable technology is the next big thing. We’re becoming more and more familiar with wearables such as smart watches, Google Glass, and health monitoring devices, but companies are taking wearables to the next level.
You see it in movies all the time – robots take the place of people, performing menial tasks such as garbage collection and order-taking. We have machines selling us airline tickets, movie tickets and flowers. In some countries, robots even govern the sale of such items as iPhones, Lego sets, and wine. But the use of advanced technology is creeping its way even further into the world of work in the rise of a concept known as the robo-boss. Robobosses (or just robosses) are being given charge of the human workforce in ways never before seen. You may even find yourself working for a roboboss someday.
*Post written by Franklin Valadares, CTO and co-founder of Runrun.it
I have almost 20 years of experience in team management and nearly complete certainty that in large, the solution of fixed costs allocation in relation to fixed salaries resides in how your employees use workload appointment systems (when they exist.) Would it be too much to ask that employees literally wear these systems? As a watch for example? Let me explain.