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Business processes in a company and their optimisation

Business processes enable the operation of a business system (success/failure of a business). Owners and managers are constantly trying to improve business performance, and looking for ideas and solutions for reducing costs and increasing productivity. Effective business process management requires paying attention to 4 key areas: finance, employees, product and process.

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Annual business plans, annual company plan

Companies usually develop business plans when making an investment, especially when they are required by the bank. However, they rarely prepare business plans for their own needs. The same goes for annual plans. Many companies do not make annual plans. Some think there is no need, others find it a waste of time. However, for companies with a 100-year history, the annual plan is the basis for forecasting and monitoring performance. Plans are prepared on a monthly or quarterly basis.

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