From customer email to order processing, modern software offers businesses the ability to simplify repetitive tasks with ease. Automation – Save time and labor by looking for areas for automation.Rising inflation could be a powerful motivator to pay close attention to your operations for opportunities to streamline and enhance daily functions on a daily basis. Too often, the status quo remains until it is challenged. By investing in your onboarding process, you may be able to speed up employee turnaround time and increase your business’ overall efficiency. Hiring and training – If your business is continuing to expand and onboard, it may be worthwhile to reexamine your procedures and training materials.Craft materials that will appeal to your target demographic and explore various mediums (e.g., digital, print, video) to determine what might garner the best response. Marketing – While some businesses may struggle to take on new clients or add revenue streams during high inflationary periods, you stand to benefit from securing a larger and more active customer base via marketing.Modernizing your business tools can provide a great return on investment while simultaneously boosting efficiency. Technology – From project-management software to cybersecurity, there are several avenues for expanding and refining your business’ digital infrastructure.Notably, inflation reduces the value of your liquid capital, meaning that money could be put to better use within your business where it could retain or even accumulate value.Ĭonsider the following areas for potential reinvestment: On the contrary, it could be the wisest decision you make. You might think that a period of high inflation would be a bad time to double down on investments. This article will provide you with actionable advice and practical insights to secure your business for the near and long term. Recent statistics point to an 8.6% increase in consumer pricing from May 2021 to May 2022, and employers large and small are noticing the fluctuations in the economy.Īs a business owner, the first question you are likely to ask is, “How should my business fight inflation?”įrom streamlining your finances to reevaluating your pricing strategy, there are several ways to protect your profits and hedge against climbing inflation. Between supply chain complications, rising wages, and increasing material costs, inflation is unavoidable. The legal department handles litigation, investigations, and legislative affairs, and oversees a compliance program across all of our business lines and offices.How Should My Business Combat Inflation? | CFO Hub Our intellectual property lawyers maintain and protect the company’s worldwide portfolio of trademarks and copyrights. Our deal lawyers negotiate and advise on the structuring of business arrangements with counterparties in a variety of areas, including television, digital media, sponsorship, consumer products, gaming, and events. League transactional lawyers administer policies governing the transfer and relocation of teams, the approval of new arenas, and the regulation of team ownership and debt. For both of these leagues and the NBA G League, the department provides advice on the structuring of player contracts, trades, disciplinary matters, and playing rules issues. For the NBA and WNBA, the department assists in the negotiation and administration of collective bargaining agreements with players, including the salary cap system, the anti-drug program, and the grievance/arbitration process. The legal department provides advice and counsel with respect to all of the company’s activities and businesses on a global basis. The team is also responsible for guiding supplier diversity and inclusion learning efforts. #Hiring manager of venture forthe inc. fullThe team is focused on ensuring that the NBA continues to have a diverse and inclusive mix of talent at all levels globally and that the full capacity of that talent is being leveraged. The Diversity and Inclusion (D&I) team provides strategic guidance and serves as a catalyst for league-wide D&I strategies. The Risk Management and Insurance team utilizes various risk transfer mechanisms, such as insurance, and proactively identifies and minimizes risk to help to protect the NBA’s human, financial and physical assets. Administration also manages mail, duplication, messenger, office supply, and catering services. The Facilities team ensures that the work environment is functional and well-maintained, and is responsible for office renovation design, overseeing equipment repairs and maintenance, and acting as the liaison between the league office and property management. #Hiring manager of venture forthe inc. professionalAdministration oversees a range of operational and professional services for the NBA, WNBA, NBA G League and NBA 2K League.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |