Blogs

It’s not quite the chicken or the egg conundrum, but putting a management accounting system implementation ahead of a business process review doesn’t make sense. It should be the opposite, in fact – you should always get a business process review before implementing a management accounting system.

Editor's Note: This post was originally published in June 2015 and has been updated for freshness, accuracy, and comprehensiveness.

In today’s economic conditions, it’s imperative for small to medium-sized businesses to manage their people, payrolls, and projects at a higher level of efficiency than ever before.

How do you implement change in an organization? Even if you don't envision change today, you will at some point need to prepare for changes within your business, from modification of workplace practices and processes to a general expansion of the business.

Only the proper implementation of change, however, will allow you to remain competitive in your marketplace and transform processes to the desired state. Whether it's people, technology, or software that requires changing, it's important that you approach this in an orderly manner.

Let's focus on some effective techniques that can eliminate the hassle associated with making changes in business.

Editor's Note: This post was originally published in December 2015 and has been updated for freshness, accuracy, and comprehensiveness.

Becoming an HVAC industry leader goes far beyond simply being good at your job. To be a true leader in the business world, you have to prove that your skills, your employees, and your business as a whole are phenomenal and clearly the best choice for the job.

But that alone isn't how to become an HVAC industry leader – so what is?

Are you preparing to launch a new project? If so, there are several things you should be checking off the to-do list, from carefully defining the necessary work to documenting goals, deadlines, and deliverables. Unless you fully understand the importance of project scope and having a risk plan, staying on track with the deadline and successfully completing the project will be tricky.

Before undertaking a project, understanding project objectives and identifying certain aspects is critical.

Editor's Note: This post was originally published in October 2015 and has been updated for freshness, accuracy, and comprehensiveness.

The Business Development Bank of Canada’s article – "The Five Do’s and Five Don’ts of Successful Businesses” – says “The most successful firms felt their biggest competitive edge came from offering a stimulating work environment and positive company culture.”

There are a few fundamental reasons that organizational change efforts often fail. One common issue is the lack of know-how for establishing leadership roles and getting everyone onboard with the change. It’s vital for everyone involved in change management to understand the roles and responsibilities they hold.

Editor's Note: This post was originally published in May 2015 and has been updated for freshness, accuracy, and comprehensiveness.

Have you heard the phrase “You can’t manage what you can’t measure”?

It’s true, to an extent, but we must be careful not to get carried away and measure too much. If we keep track of too many metrics, we lose focus on what is really important. Because, what really drives your business?

Change isn’t easy but, as it’s been said, “the only constant in life is change.” Successfully managing change is crucial to successfully managing your business, and it requires an awareness of the roadblocks that might fall on your path as well as techniques to overcome or avoid them all together.

Does your company struggle with making changes stick? Many companies have learned how to lead change through an eight-step approach that continues to gain advocates almost 20 years after its inception.