Management consultants are known for their expertise in business strategy and operations. However, because most large businesses rely heavily on numbers, most consulting firms provide advice based on financials as well. After all, ultimately what matters most to any corporation…
Emerging technologies have shaped investing decisions and economic outcomes for as long as there has been investment and economic activity. But today, the influence of emerging technologies is greater than ever before. This has a great deal to do with…
Changes are happening faster than ever for businesses today. Agile methods acknowledge that this calls for a responsive and flexible form of software development. Agile methods focus on adaptive planning, customer input, and short delivery times. The application of Agile…
Bundled payments became common during the Obama Administration as part of a strategy to increase the efficiency of the healthcare system by eliminating unnecessary procedures and reducing health care costs for consumers. What are bundled payments, and do they improve…
Public debt is always a hot topic in Washington DC. Does the national debt matter? How much is too much? When used correctly, public debt can be extremely beneficial, leading to a better quality of life for Americans. Public debt…
Big data is a term that describes the large amount of data – both structured and unstructured – that a business can access on a day-to-day basis. Like the term “the cloud,” the term big data can seem complex. In…
Business innovation is not a complex concept. It simply means doing something new and different. It could look like better meeting customer needs, solving a problem, reducing costs, or increasing employee satisfaction. Certainly, there are major business innovations that take…
“Circular supply chain” is a big part of business lingo these days, but what does it actually mean, and is it a more sustainable option? The circular supply chain business model is increasingly in demand in an eco-conscious society, but…
The middle class has been one of the most closely analyzed and hotly debated concepts in economics (and politics) for most of the last century. It has become almost conventional wisdom that nations rise and fall on the strength of…
Big data and AI are being used – or at least have the potential to be used – to revolutionize many businesses. Effective use of AI to navigate big data can lead to cost reduction, time savings, error reduction, novel…