Business in brief library

Operations Techniques

Positive Risk Management

Positive Risk Management

Negative risks matter, but “risk” is often defined too narrowly. Positive risk management focuses on identifying, assessing and managing beneficial outcomes, with boards pairing threats and opportunities to enable balanced decisions (Bryce, Ashby and Ring, 2024).

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Power

Power

Power in business leadership refers to the ability to influence others, shape decision-making, and direct outcomes within an organisation. Power dynamics influence behaviours, organisational culture, and strategic decisions, affecting everything from individual performance to broader organisational goals.

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Principles of the Data Analysis Lifecycle

Principles of the Data Analysis Lifecycle

Understanding and applying the data analysis lifecycle is critical for data analysts. This methodology guides the systematic transformation of data into actionable insights through a structured set of phases. It ensures rigour, consistency, and value delivery in real-world data projects.

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Procurement Transformation

Procurement Transformation

The concept discusses some underlying principles that can determine the success or failure of a procurement function during a period of change. It also offers some case studies and best practice from a variety of industries.

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Project Governance

Project Governance

Project governance is the lynchpin of project success, ensuring alignment with strategic goals. It’s not a constraint but a compass, leading to excellence. It is a structured framework for planning, execution and control. It ensures stakeholder engagement, risk mitigation, resource management and decision making.

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Project Roles and Responsibilities

Project Roles and Responsibilities

In any project environment, various roles and responsibilities contribute to its success. From project managers overseeing tasks to team members executing them, each role plays a crucial part in achieving project objectives efficiently and effectively.

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Public Goods

Public Goods

The concept describes the controversial topic of public goods. It discusses what constitutes a public good in economic terms, the issue of funding public goods, as well as the challenges of measuring the value of public goods.

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Purchase to Pay Process

Purchase to Pay Process

The P2P is a process enabled by technology. It speeds up the process of purchasing from point of order to payment, and entails the full cycle of procurement. The concept has been designed to help business professionals to examine the benefits and limitations of this process, and to gain a basic understanding of the implementation processes.

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Purchasing Consortium/Consortia

Purchasing Consortium/Consortia

Purchasing consortia are a key way to reduce purchasing costs and seek common solutions.Different types of consortia models, their strengths and weaknesses, the critical steps needed to establish a consortium, and a number of key metrics for ensuring success are provided.

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Qualitative and Quantitative Modelling

Qualitative and Quantitative Modelling

The concept explains the importance of qualitative and quantitative modelling in the field of systems dynamics. It explains the key differences between the two forms of modelling and offers practical advice on how the two forms can be implemented simultaneously for superior outcomes.

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Quality Management

Quality Management

The concept focuses on quality management practices and their role in establishing and sustaining competitive advantage. It reviews the main capabilities, success factors and useful implementation information.

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Queuing Theory

Queuing Theory

The concept provides a basic introduction to Queuing theory and its applications. It includes some business evidence and suggestions on how managers can successfully implement some of the theory's propositions in their organisations.

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