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GOOD GOVERNANCE – WHAT IS THAT?
When Enron filed for bankruptcy in December 2001 many did not realise then that the event would become one of the milestones in the story of corporate governance. The word Enron has become synonymous with business failure caused by poor corporate governance. We have become more informed of the early signs of when a business…
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GETTING BUSINESS FUNDAMENTALS RIGHT
Many small and medium accounting practices (SMPs), in their efforts to establish themselves in a crowded marketplace, cultivate an air of service excellence and client focus. While clients no doubt appreciate the personal touch, SMP owners must keep in mind that being competitive requires getting business fundamentals right. In other words, SMPs will only grow…
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AUDIT FIRMS NEED TO ENCOURAGE SMALLER CLIENTSTO ADOPT IFRS FOR SME’S
Relief has been extended to small and medium enterprises (SMEs) with the introduction of International Financial Reporting Standards (IFRS) for SMEs, yet overburdened businesses are being denied this much-needed respite, as many auditors are not encouraging their clients to adopt the new standard in place of full IFRS. The release of IFRS for SMEs was…
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SUCCESSION PLANNING
Instrumental to Developing People The ongoing business process of succession planning is critical to the effective HR management within business. A well-executed process will reinforce the recruitment and placement of individuals within a company. Succession Planning is often an integral part of the core business strategy of a company. Its significance lies in the…
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THE DOWNSIDE TO GOAL SETTING
It is common knowledge – as well as common sense – that if you want to get the best performance from people, you must be clear on what you want them to do. That has been the starting point for an industry that has arisen around writing goals and objectives, targets, standards, key performance areas…
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4 GOALS EVERY ENTREPRENEUR MUST SET FOR 2016
MAKE THINGS HAPPEN This is the most important goal. Get your working product or service offering to market as soon as possible. There will always be time for feedback, more R&D and other improvements later on, but the most important thing an aspiring entrepreneur should be doing is getting their product or service out there…
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