Practical tips for optimizing your business management

Managing a business is never an easy task. There is a lot of data involved, a lot of decisions to make, and a lot of human resources to deal with. Optimized management is a guarantee that the business will remain sustainable, so it is very important to know how to manage all the resources of a company. In today’s article, we’ll leave you some practical tips to optimize the management of your business!

Invest in internal communication

Internal communication is often neglected, but it is one of the most important areas in a company because it deals with the main public of an organization: its human resources. It is important that there is fluidity in the transmission of messages, as well as transparency in the work environment. It is essential to implement business management channels and/or applications that facilitate communication between the various departments.

Use an ERP

ERP management systems are used to improve the management of business resources and relate the data and processes in one place. Through the use of tools of this type, it is possible to integrate all sectors of the company so that the decision making is easier and more objective. The use of an ERP also allows the reduction of non-strategic costs and the creation of a greater competitive advantage.

Track KPIs in real time

Key performance indicators are very important for more assertive and thoughtful decision-making. They work like a thermometer that tell us the degree of results obtained in certain areas. Through BAM software such as Multipeers, you can analyze KPI compliance in real time. The life of your business happens now, so it is imperative to follow, every second, what goes on with your company! Only in this way you will be able to be one step ahead of the competition.

Get to know the market and your customers well

It sounds like a very basic tip and that everyone knows, but the truth is that it is here where many companies fail. It is crucial that companies are well aware of the market they are in, so they will not be surprised by unexpected fluctuations. Likewise, it is imperative that companies know well what the public is communicating and that they know the specifics of their target audience. Only in this way can you create a message that meets the needs of the target.

Set realistic goals

If a company doesn’t know where it wants to go, any way is good. The establishment of realistic objectives is the guiding line of the company and is the map that will guide all the work of the collaborators. For an objective to be positive for the company, it must be specific, measurable, achievable, relevant and challenging.

5 Tools that facilitate communication between departments

Most companies are concerned with communicating effectively abroad, but often forget to communicate internally. Internal communication is the basis of all the action of the company, because if the various departments don’t communicate with each other, it is impossible to give an image of cohesion to the public and it becomes very difficult to achieve the objectives. In business day-to-day work, it is not always easy to communicate with all colleagues, but there are tools that facilitate this task. Today we present you 5 tools that facilitate communication between departments!

Google Drive and/or Dropbox

Working with these platforms greatly improves communication and team interaction as documents are worked in the cloud and are automatically saved, making it much easier to share among all team members. The use of these tools also ensures that documents are not lost in pen drives and external disks, and are always safeguarded in the cloud.

Whatsapp

Whatsapp is a very important tool for work teams because it allows us to create groups, exchange opinions and share documents. As it is a tool to be used in the mobile phone, we can be aware of everything that happens, even if it we are physically absent from the office.

Slack

Slack is widely used by technology companies. In this application you can chat individually, create groups, teams and share files. It also allows integration with other tools such as Dropbox, Google Analytics or Twitter. It also allows creating questionnaires within the application, facilitating the exchange of ideas and the sharing of opinions by all members of the company.

Bananatag

This tool is essential for anyone who sends lots of emails per day to teams. Bananatag is an add-on to the email box, which indicates whether the messages were delivered, which emails were opened, and who clicked on the links and attached attachments. This tool can be integrated in Outlook, Gmail and the most used email services.

Trello

This is a task management and monitoring application. It is divided into tables where tasks can be defined by teams. It is also possible to create task lists and assign them to each employee. Throughout the execution of the tasks, the status of each item is updated, being very easy to see at what point of execution each task is.

Extra tip:

Multipeers is a business monitoring system that allows you to analyze what is happening in the company. It is a BAM system that gives us information about the state of each department, as it condenses information from the various data sources into a single platform. In this way, it is easier for managers to know what goes on in each department, improving communication among all and allowing improvements and corrections to be applied!

Get to know the importance of internal communication for meeting the objectives

Internal communication is made up of interactions, information exchanges and relationships within a company. Internal communication is often undervalued because managers are not always aware that the employees of a company are the first public of an organization and that they must be informed about the current state of business so that they can act in order to fulfill the objectives required. In today’s article we are going to talk about the importance of internal communication for accomplishing the goals!

Eliminating the semantic barriers

In a company we all speak the same language, but we don’t always understand the linguistic used. An organization is made up of people of different backgrounds and if we use a very technical language we run the risk of not getting the message we want to pass. Internal communication helps to ensure that this awareness exists and that messages are always passed in simple, objective language. This is the only way that employees will understand the state in which the company is and what they will have to do to help them achieve their goals.

Increasing competitiveness of teams

Competitiveness in the right dose is very positive in order to increase the delivery of employees in the performance of their duties. Knowing the goals of everyone and of the company in a global way allows employees to be stimulated to achieve their goals.

Better working environment

Internal communication transforms the organizational climate, improving interpersonal relationships and impacting very positively on the company’s productivity, making the whole business more profitable. When there is good communication, people communicate more easily with each other, exchanging ideas and finding solutions more quickly.

More knowledge

When there is an effective internal communication policy, it is easier to form collaborators because they exchange information between them and share knowledge. In a company that encourages good communication, employees will not be afraid to say “I don’t know” and will be able to learn from more experienced professionals.

Better financial results

In addition to all the advantages that effective internal communication brings to the company, the financial results of the organization also undergo very positive changes. A study carried out by Tower Watson revealed that companies that have effective communication had a 47% appreciation in the stock exchange over a period of 5 years, and this result is much more positive than in companies that don’t invest in internal communication.