Performance of the business Archives - Page 2 of 3

SAA suspends executives after qualified audit report last week

Another Tony Timm contribution! Thanks from all of us!

State-owned carrier South African Airways (SAA) has confirmed the suspension of the CEO of SAA Technical, Musa Zwane, and SAA chief financial officer Phumeza Nhantsi.

The decision to suspend the two executives is based on certain allegations made against them following the conclusion of one of the forensic investigations at SAA, airline spokesperson Tlali Tlali said on Tuesday. SAA’s board has resolved to institute disciplinary proceedings against two executives, he said.

SAA has appointed Nona Sonjani as acting chief financial officer and Wellington Nyuswa as acting CEO of SAA Technical. Their appointment is intended to ensure business continuity following the suspension of the group’s two executives on Monday, Tlali said.

Tlali said the suspended executives were still in the employ of the airline and were presumed innocent. He would not provide details of the charges against the executives.

The suspensions follow a qualified audit report by […]

Estie2018-03-27T14:37:28+02:00March 27th, 2018|General management and CSR, Performance of the business, Recources, Syllabus Topics|

Media24 agrees to pay R14m in price-fixing settlement

2018-03-16 – Carin Smith

The Cape Town Central City Improvement District noted Media24’s revamped building, adding value to the CBD property value.

Cape Town – Media24 has agreed to pay an administrative penalty of R13.83m as settlement in a price-fixing case brought against it and 27 other media companies by the Competition Commission. The settlement follows similar penalty agreements between the commission and Caxton and CTP Publishers and Printers (R5.8m), Independent Media (R2.22m) and DStv Media Sales (R22.26m).

“This is one of the legacy media practices that survived the introduction of the Competition Act in South Africa. It is a problem because it consolidates operations of a few media houses that gang up against mainly small advertising agencies,” Competition commissioner Tembinkosi Bonakele commented earlier.

As part of the settlement, Media24 has also agreed to contribute R4.98m to the Economic Development Fund over a three-year period and provide 25% bonus advertising space for every rand […]

Estie2018-03-27T09:10:00+02:00March 27th, 2018|Environments, Performance of the business, Recources, Syllabus Topics|

Total Quality Management’s Impact on Different Business Processes

By: Adam Colgate

Total Quality Management (TQM) is a competitive approach to long-term success that’s derived from a dedication to customer satisfaction. Within this system, every employee in a company endeavors to enhance the products, services and internal culture to produce a streamlined set of business processes that deliver an improved customer experience.

Also commonly known as Quality Management in the United States, a TQM effort is unique in that it requires a high level of commitment to an established philosophy, with every member of the organization not only familiar with the end goal but committed to it – a dedication many attribute to the self-motivation of employees through reward-based incentives.

For the overall process to be effective, there are 10 key practices management can use to promote the culture of Total Quality Management and, in doing so, positively impact nearly every process within an organization. These include:
• Foster a continuous drive toward improving […]

Estie2017-12-18T17:31:07+02:00December 18th, 2017|Performance of the business, Recources, Syllabus Topics|

Should a Small Business Practice Total Quality Management?

By: Adam Colgate

Total Quality Management is the dedicated effort to providing a continuously-increasing level of quality in an effort to retain the attention (and repeat business) of your customers. Widely practiced throughout the world, large corporations are continuously examining their products and services through the practice of TQM to optimize their competitiveness, paying particular attention to their core customer base. So why can’t small businesses do the same?
The short answer is: they can. But if you’re a small business owner and you want to apply the analytic practice of TQM to your company, there are a few pitfalls to be aware of, each of which could lead to excessive costs to your bottom line.

Benefits of Total Quality Management
When stacking the pros and cons, the potential for boosting your company’s success makes the implementation of a TQM business philosophy extremely attractive.

Read more @ … http://www.businessdictionary.com/article/630/should-a-small-business-practice-total-quality-management/

Estie2017-12-18T17:25:26+02:00December 18th, 2017|Performance of the business, Recources, Syllabus Topics|

6 Ways to Improve Your Company Culture

12 December 2017

Products, marketing and sales are vital to every company, but your most valuable asset is your people. If your employees aren’t happy, your organization probably won’t be successful.
Creating a workplace culture that will help you attract and retain the top employees should be a priority, no matter what your business does.

“Culture unleashes the power and energy of every individual in the organization,” said Manish Goel, a board member of Aerospike Inc. “No matter how much work is put into developing strategies, all have to work in an environment where they feel they can succeed and are supported. A great culture … has to be fostered.”

Kerry Alison Wekelo, managing director of human resources and operations for Actualize Consulting, said it’s important for leaders to create a corporate culture where teams feel valued and believe in the organization’s vision.

“When an employer considers the wants and needs of their employees, and […]

Estie2017-12-14T09:45:49+02:00December 14th, 2017|Performance of the business, Recources, Syllabus Topics|

How Accountants Can Help Improve Business Performance

September 12, 2017

This article tries to draw attention to the role that accountants could play as business advisors within your business. Historically, accountants occupied the position of “bean-counters,” which essentially focused on what happened in the past, not on what the future of the business holds.

This has changed, and it’s important to understand the dynamics of how it works in today’s business context.

While there is a great deal of value that comes from applying accounting expertise to the historical viewpoint, such as that which comes with preparing tax returns and historical financial statements, it is clear that accountants can bring to the table a set of unique skills that go beyond simply working with historical numbers.

Aside from working with past data, accountants also possess skills that are exceptionally well-suited for analyzing what can be coming down the road in terms of financial activity in the future. In fact, it has […]

Estie2017-12-14T08:54:48+02:00December 14th, 2017|Finance, Performance of the business, Recources, Syllabus Topics|

Why SWOT analysis sucks – and how to make it better with future trends

The above graphic depicts SWOT Analysis, a business strategy tool that invites executives to ponder their firm’s strategic position by considering their own inherent Strengths and Weaknesses. Then, considering whatever change is happening in the market space, executives look for potential Opportunities and Threats, based on their assessment of their own firm.

When SWOT was unveiled as an analytical tools for business, it allowed for an abstract view of strategic positioning that was innovative for the time, and better than nothing. The proposed value of the tool is that it makes you stop and think about what your firm is doing and how competitors might exploit that.

An example of a SWOT analysis might look like this:

“What’s wrong what that?” you […]

Estie2017-07-28T05:39:05+02:00July 27th, 2017|Environments, Performance of the business, Recources, Syllabus Topics|

Working smarter

Working smarter: 3 strategies for improving business productivity

Technological advances, customer expectations and especially globalization have increased the need for higher productivity. After all, Canadian entrepreneurs must now compete with companies in countries such as China and India where labour costs are a fraction of what they are in North America.

In a formal sense, productivity refers to how well an organization converts input (such as labour, materials, machines and capital) into goods and services or output. But today it is no longer limited to measuring ratios of inputs and outputs. Basically, increasing productivity just means working smarter. You can look for opportunities to improve efficiency just about anywhere in your company. Here are some key areas to consider.

Choosing the right equipment can help you reduce the risk of costly errors and improve the way you do business. Before you buy any equipment, be sure you are thoroughly familiar with the current […]

Estie2017-06-23T16:46:32+02:00June 23rd, 2017|Performance of the business, Recources, Syllabus Topics|

Better performance

The Best Way to Improve Business Performance

By Deb Miller | Apr 10, 2012

“What’s the best process improvement approach you’ve ever seen?”
I have answered that question differently over the span of my career and suspect you may have as well. In this article in my adaptive case management series, I reflect on the different business process improvement approaches and tools I have seen and share which one I think has the right stuff.

Our perspective is influenced by changing external factors like markets and technology, shaped by the operational model of the businesses and agencies where we’ve worked, and informed by what we have learned along the way through actual experience.

Quality as a Key Driver — Reducing Mistakes

Over the years I have watched Six Sigma evolve from a problem-solving technique and quality strategy to cult status and even television satire (30 Rock).

Early on in my work at GE I embraced Six Sigma as a […]

Estie2017-06-23T16:42:33+02:00June 23rd, 2017|Performance of the business, Recources, Syllabus Topics|