Internal Control System
ICS: Internal Control Systems Explained
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If you want to minimize the risks associated with organizational errors, damaging actions by senior employees or even just economic crime in your company, you do not want to leave anything to chance. An ICS - short for Internal Control System - establishes guidelines that enable the monitoring of operational processes. What does an ICS look like?

ICS: Internal Control Systems Explained
Constructive Criticism
How Companies Benefit from Constructive Criticism
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Constructive criticism is important, and in the majority of companies, the concept is well-known on paper. Yet too few companies manage to use their errors to drive success. We provide an overview of what constructive criticism means and how it can be achieved in the workplace.

How Companies Benefit from Constructive Criticism
Corporate Governance
Corporate Governance: The Business Management Principles
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Corporate Governance is a core topic of business management and has long since stopped being only relevant for market-listed corporations. What principles and objectives are behind the catchword? What legal requirements apply? And what relationship does governance have to compliance? We answer the most important questions regarding this topic.

Corporate Governance: The Business Management Principles
Microsoft Exchange alternatives
Microsoft Exchange: What are the alternatives?
  • Productivity

Microsoft Exchange is the leading collaboration software, which you can use to manage emails, appointments, and contacts. But it’s not the only software for that. If you’re looking for an Exchange alternative, there are a number of tools with a similar range of services, including free and open-source options. Just make sure to check that your chosen solution fits the IT infrastructure of your...

Microsoft Exchange: What are the alternatives?
What is call for tenders?
Call for tenders – How to search for procurement bids
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When a US government authority or department procures services or goods, it is required to allow private contractors to bid on projects. This allows any interested company to submit an application to secure a project contract. The legislation ensures that there are no unfair competitive advantages and that state taxes for government projects are used economically. But what types of tenders exist...

Call for tenders – How to search for procurement bids
Statement of work
Statement of work – the basis for an offer
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When a company is interested in bidding for a public contract, it creates an invitation to tender based on a statement of work. This includes detailed information on the project’s goal and expected services. To make sure that the awarding entity receives suitable offers, a few points should be taken into account when creating a statement of work.

Statement of work – the basis for an offer
Just in time production
When is just-in-time production suitable?
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Is it possible to improve economic success without raising product prices or lowering quality? Companies that optimize their value chain can do just that. Just-in-time production streamlines procurement and production, enabling significant savings. But careful: the strategy is not suitable for every company and every industry.

When is just-in-time production suitable?
Bullwhip effect
The bullwhip effect
  • Productivity

The bullwhip effect, also known as the Forester effect, describes the phenomenon in which fluctuations in market demand can increase at every point in the supply chain. Even small changes in demand that a retailer will hardly notice can have a major impact on a manufacturing company at the beginning of the supply chain. The bullwhip effect is therefore important for supply chain management.

The bullwhip effect
G Suite alternatives
Google Workspace alternatives: The most popular and hidden gems
  • Productivity

Google Workspace is great. That is why many companies use it. But not everyone likes to follow the crowd and some businesses prefer not to use Google’s office solution. Our article covers well-known Google Workspace alternatives, and some lesser-known options that might just be the perfect fit.

Google Workspace alternatives: The most popular and hidden gems
What is a corporation
Corporations
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Before registering a business, every entrepreneur is faced with the same question: Which business structure should I choose? So that you can answer this question with confidence, it’s best to know the difference between a corporation and a partnership. Here, we’ll introduce you to the many different types of corporations in the United States and how they differ in their rights and regulations.

Corporations