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…
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…
What are the main causes of inflation? Or you may be wondering more broadly, how is inflation caused? These days, it seems like everyone is asking these kinds of questions as inflation continues to increase. Many people understand that inflation…
What are implementation consultants and what – exactly – do they do? There are many different types of consulting, which can get confusing when you’re deciding where exactly you want to enter the industry. Today, we’ll help clear up some…
Business impact analysis is used to predict the results of a disruption to a business and to develop mitigation and recovery plans. Business impact analysis involves risk assessment, scenario planning, and analysis of investment in prevention relative to cost of…
A diversity consultant is one focused on increasing the level of inclusion (i.e., mix of racial, gender, sexual orientation, or socioeconomic perspectives) within a firm. In this article, we’ll explore the fairly new roles of diversity consultants in more detail.…
Digital banking has been steadily gaining market share over the past decade. However, in 2020, the adoption of digital banking grew exponentially. The pandemic caused banks to limit branch hours. Not only that, many people were hesitant to use cash…
Gender bias. Many of us may think we’ve never come across it, but gender bias is a form of unconscious bias. It can be hard to diagnose in real-time! Unfortunately, gender bias in the workplace is quite common. Like any…
Risk Management has become an integral part of the corporate industry. All businesses should look to minimize risks, regardless of size. SMBs (Small and Midsize Business) have as much of a need for risk management as large businesses and Fortune…