Efficient businesses are able to manufacture products, offer services and meet their goals with the minimum of effort, expense or waste. This allows them to allocate more resources to research and development, reduce costs and increase profit margins. Every business is a system that forms part of a wider system, often simply called the operating environment. The current operating environment is extremely competitive and dynamic, and is characterized by increasing globalization, increasingly sophisticated technology and improving access to information, knowledge, and many product and service alternatives. Training in Technology.
Businesses – especially small businesses with little capital to squander - therefore need to be flexible and responsive to rapidly changing circumstances just to survive.
Understanding your business system can help you become aware of the forces at play, improve your bottom line, improve your products and services and control your costs. Your own business, which forms a part of the wider operating environment, is its own internal system. By looking at your business as a system, you can better understand your capability, your costs, any variations and where you can really add value. It is important to have a good grasp of your support processes and management system and how these impact on your business – or, more simply, how you organize and use your resources to become productive; the stuff that you do to stay in business. For more information or assistance in improving your systems, you can send an email to info@wikkel.co.za.
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