Business in brief library

Operations Techniques

Finance Human Resources Operations Procurement and Supply Chain Sales and Marketing Strategy and Planning Technology
Organisational Cybernetics

Organisational Cybernetics

The concept presents a definition and description of organisational cybernetics and provides the capabilities and limitations of this approach, together with its business applicability and useful industry examples.

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Outsourcing

Outsourcing

This concepts describes the operational transfer of one or more business processes from an origin company to an external provider. It explains the potential benefits of outsourcing and also the many risks and drawbacks that all companies need to be aware of.

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Paradigm and Paradigm Shifting

Paradigm and Paradigm Shifting

Paradigms are generally defined as a framework that has unwritten rules and that directs actions. A paradigm shift occurs when one paradigm loses its influence and another takes over. The concept defines paradigm and paradigm shift and explains how it can relate to company strategies and industry cycles.

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Parametric Forecasting Method

Parametric Forecasting Method

Parametric forecasting in project management uses historical data and statistical models to predict future project outcomes. By leveraging key variables, such as time, cost, and resources, it provides accurate estimates, helping managers plan and allocate resources more effectively for future projects.

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Pareto Analysis

Pareto Analysis

The concept identifies vital critical success factors of the Pareto Analysis and presents valuable advice on its implementation.

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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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DENSO Manufacturing UK Ltd

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Abcam

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Accounts Manager

Milling International Marketing Ltd

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