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The term Management Dashboard defines a wide range of data reporting and visualization tools or dashboards that allow using various performance & efficiency measures to report on an enterprise’s ability to organize and coordinate its activities in accordance with certain policies and in achievement of pre-determined objectives. What is a Management Dashboard?
 
 
 
 
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Home » Solutions » Articles » Strategy of purposeful business reduction
Strategy of purposeful business reduction  

Strategy of purposeful business reduction



 
 

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Task management software
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new CentriQS -15% OFF
Business management software
for small & midsize enterprises

Play Demo

VIP Task Manager
Task management software
for teams & small offices
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The business reduction strategy is used when the company requires regrouping of forces after the long period of growth. The purposeful reduction of business is necessary if organization aims to increase its efficiency when recessions or cardinal changes in economy take place, for example economy structural reorganization. Realization of this strategy often goes painfully. However the business reduction strategy is the same strategy of company development as growth strategies. In certain circumstances it is impossible to avoid business reduction, as it is the unique strategy of business renovation.

  • Liquidation strategy is the last case of reduction strategy and is carried out when the firm cannot make the further business.
  • The strategy of "harvesting" means the refusal of a long-term business planning in favor of the maximal incomes in short-term prospect. This strategy can be applied to unpromising business which cannot be sold profitably, but can bring profit during harvesting. This strategy means reduction of expenses for purchases and for labor. "Harvesting" strategy is deliberated for gradual reduction of the business to zero and for achievement of maximal total revenue during the reduction.
  • The strategy of cutting down means that organization closes or sells one of its divisions to arrange long-term changes within the basic business. Often this strategy is sufficient for diversified companies when it is necessary to obtain resources for development of more perspective business is carried out.
  • Strategy of expenses decreasing which basic idea is a search of possibilities to reduce costs and performing of actions necessary for expenses reduction (production costs, productivity increasing, reduction of hiring and even personnel dismissal, phase-out of the non-profitable goods and closing of non-profitable capacities).
Strategy of purposeful business reduction
The elaborating of proper business reduction strategy is a complicated work which requires collaboration within different specialists from company management and it should be performed in short terms. This work, as well as any other team business collaboration can be facilitated by real-time task management software.

VIP Task Manager is task and time management groupware which can be used for various purposes within one company.

It can be easily used within any department or for cross-department collaboration because VIP Task Manager features:

  • Tasks (sales plans, business processes, procedures etc.) planning
  • Tasks assignment to employees, reporting and work performance tracking
  • Multiple users real-time simultaneous database access
  • Task List, Task Tree, Scheduler(Calendar) modes
  • Customizable task attributes and workflows
  • Access rights management
  • Instant e-mail and in-systems notifications

Read also a new article about process management - project management client-server software for Windows

     

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Business management software
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Task management software
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