The Power of Vision.

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The Power of Vision is what serves several purposes in an organisation. First and foremost, it captures the organisations future intent. In other words, it paints a picture of what the company intends to become, not what it is today. This topic has been written about by Authors, Songwriters and Preachers so it is not new. The Power of Vision by Joel Barker – Star Thrower Distribution.   Myles Munroe: ‘The Power of Vision’   The Power Of A Vision – Jesus Culture, Power of a Vision | Leaders Living Life Fully – Eternal Leadership The Power of Vision | A Sermon | Pastor Taiwo Kayode — House On … A Common red line through just the few I have highlighted here. A vision should stand the test of time and perpetuate the enterprise over a long period of time. A vision can serve a multiple of purposes: A vision bonds. Companies are populated with individuals possessing a diversity of skills, languages, cultures and personalities. A vision can give people a common cause and direct their energies towards a unifying goal. A vision inspires. Although corporations measure their progress over time with numbers – growth, profits, or both- numbers do (more…)

What is EVA? Definition

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What is EVA? Definition Economic Value Added (EVA) is a financial performance method to calculate the true economic profit of a corporation. EVA can be calculated as Net Operating Profit After Tax minus a charge for the opportunity cost of the capital invested. EVA ( © / ™ Stern Stewart & Co.) is an estimate of the amount that earnings differ from the required minimum rate of return (against comparable risk) for shareholders or lenders. The difference can be both a surplus or a shortage. EVA compared with MVA Unlike Market-based measurements, such as MVA, EVA can be calculated for a divisional (Strategic Business Unit) level. Unlike Equities measurements, EVA is a flow and can be used for performance evaluation over time. EVA compared with EBIT and EPS Unlike accounting profit, such as EBIT, Net Income and EPS, EVA is economic and is based on the idea that a company must cover both the operating costs AND the capital costs. Calculation of EVA. Formula The basic formula for calculating EVA is:       Net Sales –     Operating Expenses ——————————————————       Operating Profit (EBIT) –     Taxes ——————————————————       Net Operating Profit After Tax (NOPAT) –     Capital Charges (Invested Capital x Cost of (more…)

Change Management and Growth

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Change Management and Growth is depicted in the iceberg of Wilfred Kruger, which is, arguably, the best written document capturing the essence of change.                                               Change Management and Growth Change management and Growth involve a number of concepts including those of Andrew Pettigrew and Richard Whip.                               Wikipedia has this to Say. Change management (sometimes abbreviated as CM) is a collective term for all approaches to preparing and supporting individuals, teams, and organizations in making organizational change. It includes methods that redirect or redefine the use of resources, business process, budget allocations, or other modes of operation that significantly change a company or organization. Organizational change management (OCM) considers the full organization and what needs to change,[1] while change management may be used solely to refer to how people and teams are affected by such organizational transition. It deals with many different disciplines, from behavioral and social sciences to information technology and business solutions.[2] In a project-management context, the term “change management” may be used as an alternative to change control processes wherein changes to the scope of a project (more…)

Business Improvement and Evaluation

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 A Business Improvement and Evaluation Specialist The most important functions of a Business Improvement and Evaluation specialist is to gather information from a host of sources, including those internal and external to the organisation. This information will be used to determine what is the current problem in business processes, and more importantly, how they can be resolved. This will lead into the discovery of the problem of the company. If the company is not achieving its vision and mission and Objectives. This may in particular may mean the you are not acheiveing your marketing targets. If the employees are not showing productivity, or if the production is way lagging below the target.   More than the identification of the problem, the Business Improvement and Evaluation Specialist is also concerned about executing the solution, making sure the implementation is done properly. It should be also tested first to make sure it will deliver the results that are anticipated. In this case, technical and project management skills will prove to be necessary for the purpose of proceeding with the required steps.  A Business Improvement and Evaluation Specialist is able to replan and execute marketing strategies while being able to stick to the allotted budget. With (more…)

IN THE NEWS

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IN THE NEWS SAY OF THE DAY “All life is an experiment. The more experiments you make the better.” – Ralph Waldo Emerson    5 Ways to Start a Business Part-Time While Holding a Day Job Full-Time. 5 Ways to Start a Business Part-Time While Holding a Day Job Full-TimeYou know you want to start a business, but you can’t shake those financial pressures – rent or a mortgage, a car payment and maybe you have kids. Even young people have responsibilities after all. But tack on the fact your business idea will surely take time to catch on, and starting up can seem even further out of reach. You are a perfect candidate to become a part-time entrepreneur. While not ideal for every young trep – jumping head first into the start-up pool can be a preferred route – getting the business up and running before letting go of a regular paycheck may be the best course. Here are six ways to make the transition into entrepreneurship a smooth one: 1. Find balance. Of course, this is what being a part-time entrepreneur is all about. Can you start up and maintain your commitment to your full-time responsibilities? If you get (more…)