Blog
Showing blog posts posted in June 2007
Clicks and Bricks
By Editor on 19th Jun 2007Clicks and Bricks is a business strategy that combines traditional retail outlets with online commerce. Also known as ‘Clicks and Mortar' (Clicks for the internet, Mortar for the building itself), a good example of this concept is online shopping, which allows well established businesses such as supermarkets to sell their products in the evolving marketplace. Chairman of Microsoft, Bill Gates predicted that by 2007 the majority of the Western world would be living
This business acronym stands for ‘First In, First Out' and works on the concept of ‘First Come, First Served.' This method of stock control assures that the first stock of a product is used or sold before more recently produced or acquired goods. This can work well for companies whose tax is dependant on how long they hold their assets. For instance, take a company that sells sofas using the FIFO method. If the company had identical sofas delivered, one on Monday, one on
Showing enterprise at the Enterprise Show
By Richard Fenwick on 7th Jun 2007Business is going really well, I've been in talks with potential investors and they're really interested in putting money into the company. On top of that I've just started doing some consultancy work, I take great pleasure in helping find solutions to the problems of other companies.
Wild ducks
By Editor on 1st Jun 2007Wild ducks is a term coined by IBM founder Thomas Watson and refers to the need for fresh blood within an organisation. The meaning behind the term wild ducks is drawn from a story by the Danish philosopher Soren Kierkegaard. He concluded that wild ducks can become tamed, resulting in laziness. In business terms if your employees become too comfortable their desire to improve and develop will wane. It is paramount to an organisation's success to maintain an
The term kaizen originated in Japan and means gradual, ordered and continuous improvement. The term kaizen is opposite to the old saying ‘if it isn't broke don't fix it'. On the surface things might appear to be working effectively and efficiently but scratch below the surface and there is always room for improvement. Think like an athlete, continue striving to be better.
