Remove 2021 Remove Efficiency Remove Management
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Resource Management Conflicts Caused by Matrix Organizational Structure

Epicflow

A matrix organizational structure means that a companys employees report to multiple managers, e.g., a project (or product) manager and a functional manager. Types of matrix organizations Matrix organization s can have different matrix structure s in terms of the proportion of functional and project manager s authority.

Resources 238
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7 Essential Questions About a Project Management Office (PMO)

Epicflow

As companies develop and grow, and the number of projects they deliver increases, business leaders are seeking ways to ensure more efficient coordination of all their initiatives. Does every company need a project management office? In this article, we’ll focus on the overview of a project management office only. .

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How Grocery Stores Should Respond to the Growth of Online Markets

Harvard Business

Post Covid, online grocery shopping is still high, forecasted by Forrester (2021) to hit 10.4% During 2020-21 online grocery shopping soared from 3.4% to double digits as Covid-19 made customers reluctant to go into stores. How will grocery retailers service this new demand stream?

Retail 251
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Saving ?osts in a Long-Term Perspective: How a Resource Management Solution Will Help You Gain More in the Long Run

Epicflow

Also, if a company decides to cut expenses but does nothing to increase operational efficiency, it may lead to delivering low-quality output and decreased customer satisfaction. To achieve this, you should analyze your business processes, improve operational efficiency, and identify the causes of excessive expenses.

Resources 188
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Becoming a Data-Driven Organization: What You Need to Know

Epicflow

However, according to the survey by NewVantage Partners [1] conducted in 2021, only 24% of companies have managed to develop into data-driven ones. At the same time, the talent component shouldn’t be left aside: data alone cannot lead companies to success without human expertise to use in an efficient way. .

Data 216
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Digitalization of Aerospace Engineering: Main Difficulties and Ways to Overcome Them

Epicflow

Reducing production costs, Improving the quality of the final product, Shortening the product development time, Efficient collaboration of various specialists involved into the engineering process. Finally, it requires investment in cybersecurity risk management to protect the data that becomes attractive for cybercriminals. .

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From Vaults to Virtual: The Rise of Blockchain in Banking

Tom Spencer

While cryptocurrencies promise to deliver more efficient, transparent, and accessible financial systems, the rise of crypto is also driven by broader concerns. For example, the Bank of England launched a CBDC Taskforce in 2021 to explore a digital pound, also known as Britcoin.

Banking 88