With food prices on the rise, interest rates and petrol prices soaring and talk of recession – it sounds as though the best option is to dig a big hole and hide in it! But in fact the opposite can be true.
Tough times force unprepared companies to take desperate and often ill considered actions. Smart companies can take advantage of this confusion and turbulence in the marketplace and actually use it as a catalyst for growth.
The whole financial situation is probably going to last for a while so logically there is even greater emphasis on internal efficiency, optimising processes, increasing productivity and the cost side of the business for most companies.
In this newsletter you will find a couple of articles which provide you with information to support you in these turmoil times.
Feel good, work smart!
The Mavim Team
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Become more competitive: Three critical keys to business success in good or bad times !
With all the economic turmoil going on at the moment companies should have a greater emphasis on internal efficiency, improving process management, increasing productivity and reducing the cost side of the business. Use the downtime as good thinking time to analyse your internal business systems. There are always repetitive administration jobs that can be automated. This is a good use of spare development time.
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Asset Management: Process first
Tougher economic times, business directed to control spending, drive for greater efficiency and control of resource are all excellent reasons to take control of your assets and their management. Assets should come into a business for one reason only; to provide support in the generation of revenue in some form. Understanding and measuring that investment becomes even more critical in these times with creditors and financial institutions more demanding on incremental returns and driving lower costs.
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Work with our partners
Do you need support with improving efficiency and productivity in your organisation?'
Contact us to see how we can help you
Or contact one of our partners…..
Mavim works together with strong local partners who can support you with your challenges.
FINNZ, Business Process Management & Software Development, Wellington
SIMPL, Business Process Improvement, Wellington and Wellington
QAI, Quality Management, Auckland
Equinox Business Process Management & Software Development, Wellington and Auckland
Bursol IT Consultancy, Auckland
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