Blog
Showing blog posts posted in February 2008
Insourcing
By Editor on 20th Feb 2008Insourcing is the practice of carrying out work in house that has previously been contracted out to a third party. This practice gives organisations more direct control over important projects and can be achieved in two ways. Companies can bring in specialists as and when required to fill temporary posts or they can look for people already within the organisation who may have the potential ability to carry out the task. Searching within an organisation can
Fallen Angels
By Editor on 19th Feb 2008A fallen angel is a product that was generating large amounts of revenue but has become less popular and less profitable. This can happen when the company who makes the product hits periods of heavy competition or when the market becomes saturated. In finance, a fallen angel is an investment that was bought at investment grade and has since been downgraded. The investment has, therefore, lost a proportion of its value.
Don't fight the tape
By Editor on 15th Feb 2008Literally...don't oppose what the market dictates. An example of fighting the tape would be to create a product for a particular market without having analysed the market or researched the customer base. In such a case, the likelihood is that the product created would not generate enough interest to make it profitable. Thorough market analysis along with comprehensive customer research can help prevent such costly mistakes and are essential steps in
Blue-sky Thinking
By Editor on 14th Feb 2008Blue-Sky thinking is basically brainstorming with no limitations. The term literally means opening up your mind as widely as possible (as wide as the sky) and being prepared to think outside the box in order to come up with inventive and creative ideas, strategies and solutions to problems. Used effectively, such brainstorming sessions can help speed up communication between staff members which in turn can make the workplace a more efficient environment and
Chinese Wall
By Editor on 13th Feb 2008A Chinese Wall is the metaphorical term used for a barrier separating two or more groups (think the Great Wall of China which was built to protect the country from invaders). In short, therefore, a Chinese Wall in business terms is a policy set up within a company to protect and safeguard certain insider information, be it from members of other departments within the same company or from market competitors and the wider public. The barrier ensures that the flow of
