Technology and tools for analyzing large volumes of information used by large corporations to make business decisions are also available to businessmen and small companies.
Finding the best location for a new sales point, finding the areas where potential customers move and analyzing their purchasing power and their behavior as consumers are just some of the things that can be done today with the help of new technologies.
The increasing speed and ease of direct access to the information needed for decision-making, is drastically reducing the number of middle managers who used to be hired to provide them.
In companies of the last century when a sales manager needed information about last year's sales in order to take a relevant decision, he or she had to contact their assistant manager, who was responsible for collecting information and presenting it to the director. Nowadays, the direct and easy access to all information concerning day-to-day business allows the same director to touch a screen, get the information and make the decision, reducing costs and saving time.
Learn to keep under control the volumes of information coming at you, to keep the excess from affecting your productivity.
Every day the amount of information we receive increases, especially via the Internet. It is time to take the necessary steps to control the flow of information so that we get only the information which serves productivity.
1 - Every meeting, whether physical or virtual, must have a concrete goal, a calendar, a start time and end time and everyone attending must have a specific and definite purpose for being there.
If business success depends on decisions based on analysis of information it is vital to know how to separate what's true from what's false.
But with the world full of half truths, full or partial distortions, exaggerations, concealment and outright lies, it is easy to be misled and believe something as true when it is not.
Production of Panamanian macroeconomic information is subject to delays, affecting the decision-making capability of businesses.
Currently the production of the information is the responsibility of the National Comptroller's Office, which does not have sufficient resources to cope.
Edith Catillo Durate, in her article for Prensa.com, writes that, “Macroeconomic information is currently available up to May although some segments are subject to longer delays”.
CentralAmericaData.COM, the leading Central American website on business, economics and finance, launches the Central American Business Network.
Simple and easy. Cost free. Just by registering, you will have access to superior tools to communicate with those who, like you, are defining the Central American economic region.
Through the Central American Business Network, you can inform Central America of the news and achievements of your company, by publishing press releases that will reach the select audience of CentralAmericaData.COM users (85.000 and growing).
In times of crisis, flexibility and responsiveness in order to make good decisions is what distinguishes successful businesses.
In the unpredictable conditions of these complicated times, planning for three months, let alone a year, is more difficult than ever. Despite the chaos, there are management tools that can help you navigate through turbulent business environments.