article thumbnail

Research Shows That Investing In Tech Matters

The Horizons Tracker

Efficiently managing the money a company needs to run its daily operations, known as working capital, is crucial for success. This connection between good working capital management and how well a company does can be complicated. It helps organizations use their resources well and keep cash flowing smoothly.

DSO 124
article thumbnail

Best Practices To Starting an Optometry Practice

Strategy Driven

You should also invest in training and developing your employees. A good start is to draft an employee handbook that clearly explains office policies on matters such as work hours, leaves, and payment schedule. Spending too much on high-end frames can overload your inventory and deplete your working capital.

Directory 118
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Most Common Mistake People Make In Calculating ROI

Harvard Business Review

Analyzing ROI isn’t always as simple as it sounds and there’s one mistake that many managers make: confusing cash and profit. Working capital requirements are typically built into an Excel model you’ll use to calculate ROI , so you don’t need to worry about them. Financial analysis Project management'

ROI 8
article thumbnail

Creating Michelin-star Quality for the Masses

Harvard Business Review

Since it's beginning in 2003, Davide Oldani's Ristorante D'O has managed to stay profitable in a sustained fashion. Not Oldani, though, a talented young Italian who has trained under master chefs such as Gualtiero Marchesi, Alain Ducasse, and Albert Roux. Oldani has created a Michelin restaurant for the masses by working on two fronts.

Quality 13
article thumbnail

A Tool to Map Your Next Digital Initiative

Harvard Business Review

We know that when IT projects fail, it is usually not because the technology didn’t work (although this can sometimes be the case), but because the changes required at an organizational and employee level weren’t managed effectively. They often have to be made before the new digital system is introduced. In a major U.K.

Tools 8
article thumbnail

Don’t Turn Your Sales Team Loose Without a Strategy

Harvard Business Review

This is ineffective deal management, and it eventually leads to loss of positioning with customers, and, over time, the nurturing of “commodity competencies.” At that point, Alphatech’s management reassessed its strategy and sales approach. Management first evaluated who were, and who were not, good customers.

article thumbnail

How One CEO Grows Her Business with Feeling

Harvard Business Review

What do you think causes millions of people to miss work and school in developing economies? Minimal professional training? As product is sold, some of the initial working capital that SHE puts up is paid back, with the entrepreneurs eventually owning their local franchises. Lack of childcare? Insufficient infrastructure?