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According to the Four-Drive Theory, companies must provide opportunities to satisfy four basic human drives. These drives are the desire to acquire new material possessions, the need to develop strong working relationships and feel a sense of belonging, the instinct for self-protection, and the drive to learn and understand how things work. By offering chances to fulfill these four drives, companies can help maximize employee motivation and engagement. Businesses should encourage their staff by enabling a balance between these motivations. ↘ #CSIMGT725 #ProfTimRN ↙ Watch the video ⤵ : https://lnkd.in/dJkdDw6X

Rethinking Cost Optimisation... Beyond Employee Cuts ⬇️    Cost optimisation is a critical process for enhancing a company's efficiency and profitability.    When a company wants to minimise costs, one of the first things they typically do is lay off staff. However, it's important to note that reducing the number employees is not always the best or most effective way to achieve cost optimisation.    Blindly Cutting staff numbers can result in: 📉 Decreased operational efficiency 📉 Loss of institutional knowledge and expertise owing to high turnover 📉 Diminished innovation and growth    All three of these elements can negatively impact the company's financial performance in the long-run.    Instead, organisations should consider alternative strategies such as digitalising processes and implementing automation.     Get in touch with our ACR Solutions team for more information on how to optimise your company’s costs.    #CostOptimisation #CostTransformation #ProcessAutomation #ProcessImprovement 

Cross-functional collaboration: how CFOs can work with HR and IT teams to drive organisational excellence - Finance Derivative https://bit.ly/4dvOFQY

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🌐 Navigating organizational policies? Let's spotlight Policy Development and when your company might need our Policy Development service. ✨ 🔹 Organizational Evolution: As your company grows, so should policies. We align them seamlessly with your dynamic organizational landscape. 🔹 Adapting to Change: In industry shifts, policies need adjustment. We optimize them for agile operations during internal transformations. 🔹 Legal Compliance: With evolving laws, policies ensure compliance. We tailor them for legal soundness and a secure organization. 🔹 Streamlining Processes: Complex processes hindering efficiency? Policy optimization is key. We assess and optimize for seamless operations. 🔹 Strategic Growth: Planning sustainable growth? Clear frameworks are vital. Our service develops policies fostering long-term success. Explore tailored solutions at ALD & Associates LLC. 🚀 Navigate your policy journey with us! Learn more at https://lnkd.in/enXxiB3H 🌐 #PolicyDevelopment #OrganizationalGrowth #ALDServices #StrategicPlanning #ComplianceMatters #BusinessSolutions #AdaptivePolicies #CompanyEvolution

The traditional perspective for defining business success via share price is deeply rooted in North America. The CEO has traditionally been rewarded for making the shareholder wealthier. The issue is how the organization operates in the future to continue value growth for the shareholder? Focusing primarily on the shareholder increases the risk of a reduction in employee engagement, innovation, and organizational commitment to excellence for the customer. Recent research supports that focusing on all vested stakeholders reduces costs, drives innovation, and augments shareholder value. Soteria Alliance https://lnkd.in/eKzQxe65

Check out this remarkable journey of a Building Restoration and Conservation Company's turnaround with CMC Business Advisers, Jonathan Corns. Discover how they conquered challenges like poor cash flow, over reliance on the owner, cultural issues, data inefficiencies and low employee engagement. Read the full story here… #BusinessTransformation #SuccessStory #CMCInsights

Unlock the potential of your sales team with strategic compensation plans that align with your company’s objectives. Embrace transparency and streamline operations through automation to avoid common setbacks such as broken processes, inaccurate sales figures, and decreasing employee motivation. Take your Incentive Compensation Management (ICM) to the next level, fostering a culture of high performance, enhancing staff loyalty, and mitigating business uncertainties. 🚀 Want to find out more? Dive into Iain Main's blog here: https://ow.ly/EvzP50QyFCc #ICM #incentivecompensationmanagement #SPM #planwithanaplan #bedfordconsulting

Cross-functional collaboration: how CFOs can work with HR and IT teams to drive organisational excellence - Finance Derivative https://bit.ly/3zA8usE