A tool for locating information on the Internet by topic. As of July 2014, Google is the world's most popular search engine. The second most popular is Baidu, and it's from China. Source: Net Marketshare #AssessmentandStrategicPlanning
A step-by-step guide to reach goals set by the company or organization. A strategic plan is a document used to communicate with the organization the organizations goals, the actions needed to achieve those goals and all of the other critical elements usually developed during a planning...
A standard used for comparative purposes. Generally the user will be rated against a benchmarked expert who has certain skill level. Financial and non-financial insight into operations, lead strategy, effect change and generate results for the organization. #Pricing ...
Gross Margin Return on Inventory (GMROI) = Gross Margin ÷ Average Inventory at Cost What it is This benchmark measures how efficiently the store has invested in inventory, or the store’s ability to turn inventory into cash after deducting the cost of inventory. This ratio...
Return on Assets (ROA) = Net Income Before Taxes ÷ Average Total Assets What it is This measure reflects the store’s efficiency at creating revenue from assets. Why it matters A higher ratio indicates your store is earning more on less investment in assets. A low...
= (Current Assets – Physical Inventory) ÷ Current Liabilities What it is This benchmark, also referred to as the “acid test ratio,” is a measure of the store’s ability to pay immediate liabilities. It is a more stringent measure than the Current Ratio because it does not include the...
Current Ratio = Current Assets ÷ Current Liabilities What it is This ratio is a measure of your store’s ability to generate cash to pay its short-term debts: a gauge of your store’s liquidity. Why it matters A larger ratio indicates a greater ability to pay bills. ...
The process of developing a planned approach to change in an organization. Change Management is an approach to transitioning individuals, teams, and organizations to a desired end result. Examples may include changes to your mission, strategic direction, structure or operation,...
Coaching is training or teaching/tutoring an individual. Supporting them to accomplish a specific goal be that professionally or personally. Employees should be coached toward specific goals during performance management planning, mid-year reviews and evaluations. ...
Front-line workers share their ideas and suggestions with management staff. #AssessmentandStrategicPlanning