Month: July 2018

Count Wise – People Counter Solutions for Proactive Business Management

Business Management blogger

In modern organizations, people counter solutions provide management staff with actionable benchmarking data to help them optimize their operations for success in their field. Increasingly in use across a plethora of industries, these solutions are a vital component of proactive business management and serve to create a structured method for organizing core business areas such as customer service and marketing campaigns.

As one of the leaders in the field of people counting technology, CountWise solutions have helped thousands of organizations to streamline their operations. Headquartered in Florida, U.S. and with offices around the globe, CountWise offers the most accurate, reliable and consistent people counter products on today’s marketplace, where they continue to gain recognition from some of the recognized names in world business for the quality of their innovative solutions. Based on military shape recognition technology, CountWise systems consistently offer greater than 95% accuracy in distinguishing between adults, children and carts to ensure that company management staff have tried, tested and trusted data, in real-time, on organizational performance.

Consider for example their I-Count solution. Offering unparalleled 95% accuracy rates, this product is one of the most accurate and dependable on the market today. I-Count is the requisite tool to help modern organizations improve their in-house customer conversion rates. Helping companies meet pre-defined performance targets, this innovative people counter solution will collect data related to on-site staff performance, and allow managers to identify peak sales opportunities where foot traffic is at its highest, thus providing an exceptional tool for the optimization of marketing effectiveness metrics and offering valuable, actionable data on a plethora of vertical KPIs.

Cost consolidation is a vital component for streamlining operations in modern business. I-Count will provide organizations with the ability to develop precise staff schedules, where deployment is based on the amount of customers within the store at certain times of the day, therefore eliminating excessive spending on staff hours at times of low customer volume.

For organization searching for a first-rate tool to optimize product placement and analyze business performance within a department, aisle or display area, Z-Count is the ideal solution. Z-Count is the world’s first video-based solution for tracking and measuring patron behaviour within a defined area of a business. It measures how many customers enter a particular zone and how much time they spend within that area, therefore enabling the increase of customer conversion rates by optimizing staffing and marketing strategies.

Z-Count is ideal for measuring the ROI of marketing campaigns as it provides a mechanism for measuring traffic within a promotional area so that management staff can review their campaigns based on actionable information on customer behaviour. In terms of reliability, Z-Count is unmatched by any other people counter solution on the market today. No matter how much traffic is in any particular area, the Z-Count patented recognition algorithms allow the product to function seamlessly for superior counting accuracy levels.

To gain valuable insights into your organization’s operational efficiency, review the options available within the CountWise catalogue today.

About CountWise:

CountWise specializes in providing people-traffic monitoring solutions to a wide-variety of both public and private companies. Their product suite provides actionable customer data that helps companies to enhance the effectiveness of their operational practices for improved levels of organizational efficiency and thus higher profits. For more information, please go to countwise. Count Wise I-Count is a people counter product which has many advantages to companies and organizations, from improving the effectiveness of marketing campaigns, to reliable store performance reviews and branch comparisons. For more information about I-Count or Count Wise products visit, www.countwise.com.

Strategic Planning Steps For Optimum Business Management

Business Management blogger

Strategic Planning Steps Overview

The Strategic Planning Steps philosophy/business system is an organizational tool that is used by groups and corporations globally to refine their goals and maximize their resources. Drawing from the concepts of strategic military planning, the Strategic Planning process is one way in which businesses strive to attain a competitive edge. Strategic planning involves defining goals, creating an adaptable business plan and measuring core competencies of staff to increase productivity and results. The understanding and implementation of Strategic Planning Steps can significantly affect a company’s ability to maximize revenue and growth. The steps have been used effectively in many fields of business, education and government to formulate productive business systems and resource management solutions.

Strategic Planning Steps Defined

While there are several different approaches to implementing Strategic Planning Steps , most models use the following definitions:

* Mission definition : The mission definition stage of Strategic Planning encourages an organization to develop a brief description of purpose to Inform potential stockholders, employees and customers what they can expect from the company. From the mission definition, a mission statement can be developed that serves as a company’s calling card and core focus description.

* Vision/Trend Analysis : The next facet of Strategic Planning Steps directs a company to analyze current market trends and make committed decisions about where the business is heading. Defining long term goals and visualizing the future of the organization can help to focus current activities and important financial decisions.

* Strategic Objectives : Once long term goals have been set, the strategic objectives phase consists of formulating actual business plans to achieve the visualized goals. One acronym used frequently in this stage of Strategic Planning Steps is SMART. SMART stands for the type of objectives to be developed to fully realize the company’s long term goals. These objectives include:

o S Specific objectives

o M Measurable objectives

o A Achievable objectives

o R Resource-based, realistic objectives

o T Time-frame assessed objectives

* Critical Success Factors : Important milestones and achievements key to goal realization should be identified at the critical success factor stage of Strategic Planning. Singling out these factors provides an easy means for measuring the ongoing success of the business plan.

* Actions to be Implemented : After critical success factors have been identified, the next phase involves the development of action plans need to realize success. Specific tasks and organizations management strategies are designed to effectively implement the business plan. Task management is often defined by the core competencies required for each position in the company.

* Performance Analysis and Progress Measurement : The last of the most common steps is comprised of formulating methods by which to measure the organization’s progress. Comprehensive performance analysis tools and measurement criteria are developed to effectively monitor the success of the current system. These tools can be used to report both internally and externally on the progress and growth of the company.

Business Principles We Learn from Warren Buffett

Business Management blogger

According to “Fortune Magazine,” the third most admired company in world is Berkshire Hathaway. When we think of Berkshire Hathaway we think of its head one of the wealthiest man in the world Warren Buffett. What business principles we learn from Warren Buffett? What is his magic?

Strategic Approach

Warren is one of the best investors in the world. His approach is simple. He does not buy stocks as much as he buys businesses. He focuses on a companys value, its stock price and its risks. He looks for companies with strong brands, simple business models, a good return on equity with a lot of debt.

If the price of a firm is less than its value, Warren is interested. In doing his homework, he studies the firms competition, ignores what analysts have to say, and pays little attention to fluctuating market trends. In fact when the market is down, he believes that may the best time to buy.

Jim Collins’ Lens

Let’s start by looking at Warren from a perspective of what Jim Collins teaches in his seminal book “Good to Great.” The book was the result of Jim’s research, where he led a team in a five-year study in which they “scoured a list of 1,435 established companies to find every extraordinary case that made a leap from average results to great results.”

Jim describes the best leaders of the companies that became great as “level 5″leaders. They are ones who built “enduring greatness through a paradoxical blend of personal humility and professional will.” A level 5 leader is first and foremost ambitious for the cause.

Humble Style

Warrens humble style is refreshing. He has simple tastes. He doesnt wear expensive suites. He lives in the same home he bought in 1958. And, he drives his own car. Warren also is famous for how he makes fun of himself. One of his one-liners is, “I buy expensive suits. They just look cheap on me.”

Professional Will

Warren is driven as demonstrated by his almost incomprehensible wealth. Warren looks not only for businesses that are a good deal, but he looks for leaderships who have long tenures of success in their business and who are deeply passionate for the business.

Back to Jim Collins – the Hedgehog Concept

Jim’s team came to simple but powerful conclusions. One important point they make is referred to as the “hedgehog” concept. A key to greatness is finding the intersection, referred to as the sweet spot, between your talent, passion,and economic opportunity.

When we look at Warren from the “hedgehog” framework, we find simple insights:

Passion: What are you deeply passion about?

Talent: What you can be the best in the world?

“I was wired at birth to allocate capital and lucky enough to have people around me early on-my parents and teachers and Susie [his late wife]-who helped me make the most of it,” Buffett told Carol Loomis of Fortune magazine in the June 25 issue.

Economics: What drives your economic engine?

Finding great companies and leaders and investing for the long-haul.

Warren found his passion and talent in life and focused. He became one of the most successful and richest investor in history.

Career Opportunities In Hotel Management Degree Programs And Hospitality Management Courses

Business Management blogger

If your desire to work in travel or hotel industry and eager in management a hotel, if you are determined to assist the nation in discovering the best places for their stay and if you want to make challenging and exciting career then you have to earn hotel management degree programs or hospitality management courses would be vital opportunities for you. There are many hotel and catering management institute in Chandigarh India which offering above courses.

Both nationwide and globally hotel management institutes offering best training program for hotel and hospitality management courses India. Student become skilled on the subject of management, leadership, tourism, finance, business management, public relations and they will able to know regarding all features of hotel work like communication and relation with guests, catering, cooking, slicing and other fundamentals, gist elements of the business.

A lot of career opportunities and prospect will be waiting for those students who once get their degree in hotel management and when they complete their hospitality management courses. There are many prestigious HM institute in Chandigarh India which is offering Hotel management degree programs. These institutes will make easy your degree earning procedure and make you ready to face the challenges of career.

Hotel management degree programs cover an extensive assortment of areas which incorporate resort and hospitality management, hotel trade, security and industry finance management. Hospitality management courses India presenting by many universities and institutions could be dissimilar from others. Each courses and programs could focus on an exceptional part. Therefore, you require selecting a hotel management degree program that focuses on your area of Interest. Essentially an institute will covers the basic and require subject matter like resort management, club management, groceries and cooking management, financial and accounts management.

The Hotel and catering management institutes perform training and placement for their students. On campus and off campus placements conducted for students in excellent resort or hotel. Students get an opportunity to relate directly with the persons who related to the similar industry. Diploma in Chef Course is also one of the best career options for the food and cook lover. There are lot of opportunities in the Chef course.

With the help of hotel management degree program and hospitality management courses, you can make your career in assorted fields, for instance hotel or resort manager, beverage and cooking manager, hotel assistant , front office manager, reservation supervisor, sales and marketing director, convention service manager, event planner etc.

Even though the apprentices of hotel management degree program and hospitality management courses graduates are liable to work in hotel and travel management fields, but the career opportunities are not limited for them. The one can go through a group and applying some business associated position in several sector like HR, sales and marketing, finance etc. They can have very broad options into your career choice once you earn your hotel management degree program.

Occupational Health And Safety Management Systems For Organisations

Business Management blogger

Occupational Health and Safety management is a combination of practices and organisation. The demands on OHS management systems vary a lot depending on industry and organisational roles, but the basic best practices are much the same. Interestingly, some of the best new modern OHS management systems are the fully statutorily compliant, employer managed self insurance systems.
These are extremely well structured management programs, with full financial and operational management conducted in-house. OHS management systems are extremely productive, containing risk, ensuring a good workplace environment and improving productivity. These programs also provide built in mechanisms for compliance with industry regulations, which is a particularly valuable business operational function.
OHS safety management systems overview
OHS safety management requires strategic planning and systematic review of organisational practices for optimal performance.
Elements of planning include:
Scale and range of organisational operations
Statutory requirements
Risk profiling of business functions and operations
Assessment of sickness and accidents in the workplace
Management resources
Compliance with the requirements of the regulator regarding OHS and risk management obligations (Mandatory in self-insurance licensing)
This is really a form of business planning. In practice OHS management can be seen in context with the organisational business plan, in directly relationship to all areas of workplace operations.
Tailoring your OHS management system to your business.
In many industries, the OHS issues are complex. Risk management may involve very large amounts of capital and large numbers of different types of operation. OHS management systems in these multifaceted business environments require a very strong level of consistency from the policy stage to implementation in the workplace.
The OHS management system must cover:
Occupational health and safety policies.
Best practice OHS operational methods.
Creation of practices for documentation of OHS procedures.
Location based OHS criteria for specific needs.
Reporting methodologies to ensure good quality, verifiable information for each stage of OHS procedures
Databases and records required for OHS-related information.
Many businesses engage expert risk management consultants to create and implement their OHS management systems. This ensures best practice and currency of OHS procedures and statutory compliance. Many consultants also provide OHS management services. These services include monitoring of the OHS systems and are an invaluable asset for businesses which dont have the management resources to conduct these operations themselves.
Getting your OHS management routines in place
Implementation of OHS management systems is conducted using a managed prioritisation approach. Typically, this will be a phased, coordinated process mapped out in advance in consultation with business management.
The most important elements in implementation are training and familiarity with the OHS procedures and safety system requirements. With statutorily affected types of business operation, the training is structured to link OHS systems and operational procedures. In some cases this will require new operational procedures, or changes to existing operations.
OHS management systems provide a valuable resource for businesses. They promote good work practices, a safety-conscious work environment, and routinely increase productivity.