Category: Management

Business management Best Practices examples

Business management Best Practices examples

  1. Engage workers;
  2. Set team expectations and be performanace driven;
  3. It is all about people;
  4. Initiatives must inspire shared insights;
  5. Reward effort;
  6. Having a clear process;
  7. Create a foolproof foundation;
  8. Be vulnerable;
  9. Stay committed;
  10. Implement continuou improvement thinking;
  11. Be transparent;
  12. Document the processes;
  13. Building for the future;
  14. Use data-driven decision making;
  15. Invest in the right people;
  16. Focus on excellent customer service;
  17. Seek clarity;
  18. Identify shared business values;
  19. Focus team effort;
  20. Schedule time for periodic evaluation;
  21. Managing without ego;
  22. Own the operation from start to finish.

Business management KPIs

  1. Sales Revenue
  2. Net Profit Margin
  3. Gross Margin
  4. MRR (Monthly Recurring Revenue)
  5. Net Promoter Score

Innovation management: 23 Best Practices examples

Innovation management: 23 Best Practices examples

  1. Allocate resources properly to support your strategy;
  2. Stimulate ideas by asking staff for input;
  3. Involve everyone in the organisation;
  4. Identify goals and stay focused;
  5. Embrace the opportunity mindset;
  6. Walk the talk;
  7. Plan for execution;
  8. Implement with speed;
  9. Cultivate a risk-taking culture;
  10. Develop organizational culture to support innovation;
  11. Create an innovative company culture;
  12. Collaborate with customers and strategic partners;
  13. Periodic evaluation of effectiveness of innovation programs;
  14. Apply continuou improvement thinking;
  15. Create an innovation strategy;
  16. Create value for your customers & stakeholders;
  17. Identify the best opportunities;
  18. Identify and remove barriers;
  19. Set up dedicated and cross functional innovation teams;
  20. Set-up research and technology networks;
  21. Incent and reward;
  22. Communicate results and milestones.

7 Innovation management KPIs

  1. Innovation rate = revenue share of innovations / total turnover * 100
  2. Innovation rate = number of innovations / number of products * 100
  3. The number of innovation projects started
  4. Number of new products launched in X amount of time
  5. Actual vs. targeted breakeven time for new products
  6. Revenue/profit growth from new products
  7. ROI of innovation activities