What is financial management? Businesses can often be preoccupied with increasing sales, but as the old saying goes, “a penny saved is a penny earned”. Consequently, it is as important to reduce expenditure as to increase income. Why is financial management important? Whilst some types of expenditure are unavoidable, and indeed desirable if they produce...
Business Value
Reputation Management
What is reputation management? One of the most valuable non-tangible assets you have as a business is your brand. It takes a huge amount of time, effort, and money to establish, yet can be destroyed in an instant. Just ask Gerald Ratner. Why is reputation management important? In the first instance, a commitment to the...
Legal Compliance
What is legal compliance? The Health and Safety at Work etc. Act 1974 states that employers have a legal duty of care to do all they reasonably can to support their employees’ health, safety, and wellbeing: “It shall be the duty of every employer to ensure, so far as is reasonably practicable, the health, safety...