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If you’ve read my article titled “Top Tips for Making Your Cost Model a Total Disaster”, you’ll know that one of the factors that can kill a cost model is complexity, which translates to a herculean effort to keep the model updated each period. But...
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Throughout my career, I have seen that after months of tremendous effort in creating a cost model and after investing many thousands of dollars and...
In the hospitality industry, the strategic alignment of a well-thought-out Target Operating Model (TOM) with digital transformation initiatives has...
When building a cost model, the main concern is ensuring that the model "balances," meaning that all inputs match the outputs, ensuring nothing is...
The idea of ABC costing is not new; rather, it dates back to the 1970s, with its development primarily attributed to two accounting professors:...
In the retail line of business, success hinges not only on innovative products and customer experience but also on the seamless integration of the...
What are OKRs? We're talking about a goal-setting methodology that helps us define and follow ambitious goals within our organization. OKR stands for...
It's hard to imagine a company these days that doesn't use Excel. Not only are we very accustomed to using it, but it's also a powerful tool that has...
In the ever-evolving landscape of business, there exists a pivotal concept that has emerged as both a necessity and an opportunity for organizations...
Digital transformation has become imperative for institutions striving to remain competitive and relevant in the banking sector since the dawn of the...
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