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Enterprises invest in Analytics to improve Decision Making and outcomes across the business. This is from Product Strategy and Innovation to Supply Chain Management, Customer Experience, and Risk Management. Yet, many executives are not yet seeing the results of their Analytics initiatives and investments.

Every organization putting on investment in Analytics has experienced several stumbling blocks. This differentiates the leaders from the laggards. Analytics-driven Organizations have clearly es

Human judgment can be unreliable as these are all susceptible to errors. In Strategy Development,  organizations make a lot of strategic decisions.  These strategic decisions share a common feature: they are evaluative judgments.

In making these tough calls, a large amount of complex information must be weighed down and evaluated.  While some management decisions are made without weighing quite so much information, yet strategic decisions involve the distillation of complexity into a single path

Business dashboards are important tools to measure key performance indicators and data pertaining to an organization or certain procedure.  Just as a vehicle dashboard is powerful performance management tool in summarizing a performance of a multitude of processes, a business dashboard summarizes the performance or impact of a host of functions, teams, and activities; and assists in Strategic Planning and decision making.

Business dashboards simplify sharing and analysis of large data, and help

In the world of healthcare, risk can be considered one of the biggest dangers to patients. It’s a core element that is considered in the industry to ensure patients remain safe. Unfortunately, it’s impossible to completely remove risk from any site. However, any effort to ensure that it’s reduced can be extremely positive in making sure there’s less chance of it happening. 

In healthcare, the list goes on about ways that patients and staff can keep safe in their working environments. The safety o

High performance fibers exhibit extraordinary mechanical properties. These high performance materials are made of ceramics, metals, carbon, and polymers. High performance polymer fibers integrate excellent mechanical properties with low weight.

High tensile strength and high resilience are the two main properties of the high-performance fibers. For some polymer materials, high tensile strength can be obtained using high drawing ratios and high molecular orientation (e.g. for Aramid / Kevlar) duri

The current pandemic crisis has left many countries in a perilous position. Both governments and businesses alike have been severely unprepared for the pandemic, causing issues across the world. This is because many institutions simply do not have the right level of preparations in place needed to deal with an outbreak at the magnitude of COVID-19 (commonly referred to as coronavirus). 

Of course, now it is too late to put these in place and affect the current situation. But once we come out of t

Knee braces have found their applications in a wide range of problems and illnesses. Functional knee braces are designed to replace damaged ligaments. For instance, a patient who has an ACL tear can be offered to wear a knee brace to allow certain activities to be performed without surgery. Prophylactic knee braces are used to prevent injury to the knee. Prophylactic knee braces are worn by sportspeople who engage in some high-risk sports to reduce their risk of a knee injury.

What are knee brace

Richard Branson, British business and philanthropist once said: “One day, offices will be a thing of the past.”

While organizations still need to travel to reach their physical offices, the rapid changes in the world are requiring businesses to form Virtual Teams. A Virtual Team refers to a group of individuals who work together from different geographic locations and rely on communication technology such as email, voice conferencing services, fax, etc.

Virtual Teams work well for an organization

The business has become more challenging as the global market becomes more demanding. This change in the global market is putting pressure not only on Management but also on the Board. Strategy Development now demands that organizations should not only be effective but there should also be Board Excellence.

Today, the demand has ceased to be about spending more time. Boosting the effectiveness of the Board is not anymore about spending more time. The urgent call now is to focus on changing the na

Categorising beyond Type 1 and Type 2 decisions that I wrote about in my last couple of blogs can help decision makers. And right now, decision makers across the world can do with all the help they can get given the recently declared pandemic.

The four Cs are Core, Complicated, Complex and Chaotic. The person behind this type of thinking is David Snowden and his Cynefin Framework shown below. The only difference is the category I call Core, he calls Obvious. As in decisions for which the answer s

Rhinoplasty is among the most widely available facial plastic surgery procedures. The procedure can improve cosmetic and functional problems that people may have with their noses, and also addresses breathing problems and/or nasal shape, size and symmetry. As with any surgical procedure, rhinoplasty presents risks and benefits.

Rhinoplasty is practiced to enhance breathing conditions or to change the shape and size of the nose. Fixing a broken nose after an accident or trauma, treating the sinus

According to TechSci Research report, “Global ANSI Pumps Market By Group Size, By End User, By Region, Competition, Forecast & Opportunities, 2024”, global ANSI pumps market is projected to grow at a CAGR of over 5% during 2019-2024, on the back of factors such as increasing demand from oil & gas and chemical applications and rising need for energy efficient pumps. Launch of advanced ANSI pumps with advanced technologies such as sensors that can withstand many industrial applications coupled wit

According to TechSci Research report, “Global Vat Dyes Market By Type, By Application, By End User Industry, By Region, Forecast & Opportunities, 2025”, the global vat dyes market is expected to grow at a steady rate during the forecast period on account of the growing preference among the consumers for eco-friendly products.

Browse the Complete Report : "Vat Dyes Report"

However, energy intensive production process and growing environmental concerns can hamper the growth of market during forecast

The sales intelligence technology has deepened its roots across the worldwide landscape with its wide range of advantages; thereby, significantly raising its demand. The tools offered in this technology help in eliminating most of the hard work that goes into making marketing more efficient. The sales process isn’t all about attracting new customers to the business; it’s all the more about closing a sale. The most important factor while selling a product or service is the identification of the r

More sophisticated managers explicitly use Key Performance Indicators (KPIs) to promote cross-functional--not just vertical--alignment. For them, KPIs are the means and methods for rigorously defining and measuring the fundamentals that matter.

Why are KPIs important? If used effectively, KPIs can clearly track value creation and deliver value for its stakeholders – customers, employees, and investors.

KPIs are being used by organizations in different ways. Yet, there are clear and measurable diff

Organizations are continually searching for innovative ways of enhancing competitiveness. This is brought about by evolving external factors such as changing demographics, globalization, and technology. Because of changing dynamics, it has required managers to rapidly rethink and retool their organizational management strategies.

Coming up with the appropriate strategies calls for an increasing need for organizational diagnosis in developing and maintaining a competitive advantage. Researchers be

It is easy to operate a business in a stable environment. Businesses can ignore a few risks because they know that in the grand scheme of things, they will be fine. However, a crisis like the current coronavirus outbreak completely changes the equation. Businesses are currently reeling from the impact of the outbreak because they cannot cope up with the dynamic nature of this emerging risk. 

The coronavirus outbreak’s risk is something known as the black swan in the world of statistics. The story

According to a report released at TechSci Research, “Global Chitosan Market By Source, By Application, By Region, Competition, Forecast & Opportunities, 2024”, global chitosan market is anticipated to grow at a CAGR of around 20% during forecast period on account of easy availability of raw material and increasing utilization of chitosan in various industries such as medical, agrochemicals, pharmaceuticals, among others. Chitosan is the deacetylated form of chitin and industrial grade chitosan i

Business Process Reengineering (BPR) can be a great success but it can also be a great failure.

After months or years of careful redesign, organizations can achieve dramatic improvements in individual processes.  However, a paradoxical outcome has become almost a commonplace. Organizations suddenly find themselves watching the overall results decline. Process costs were reduced by 34% yet operating income stalls.  Claims process time cut by 44% yet profits drop. It seems that organizations are sq