NEW BUSINESS MODEL PART Ⅱ: BUSINESS PROCESSES & PRODUCT STANDARDIZATION

摘要

When undertaking an overhaul of a company's basic business model, the modification of employee incentives represents only one leg of the stool. In addition to utilizing incentives to increase the cost-effectiveness of our employees and the profitability of our project managers, my firm, Holguin, Fahan & Associates (HFA), also needed to reduce the cost of running the company's basic business processes—that is, timesheets, accounts payable, invoicing, purchase orders, and other administrative functions.