In this six part Q & A series, I will address the challenges of balancing revenue management and service management. What is your opinion on revenue Management in hospitality today? Revenue Management is a multi-faceted strategic approach to pricing that can be very effective at promoting the bottom line. It works best for the overall [...]
Among the many challenges that businesses face in today’s world is fraud. Technological advancement has also not made the situation any better. Companies are losing billions of dollars yearly from fraudsters who are constantly a step ahead. These range from external hackers and employees. Therefore companies must find ways to counter this vice. Fraud in [...]
One of the reasons why companies are reporting a drop in profits is losing money to fraudsters. We would want to think that hackers are the greatest culprits here but it would be important for companies to make sure that their internal systems are fool-proof. Routine checks and balances should be put in place to [...]
As a business owner it would be suicidal to overlook the fact that fraud would take place in your company. Whether you are conducting a big or a small business it’s imperative for organizations to take decisive measures and put structures to control fraud. Companies are established in order to make money therefore when they [...]
In some instances the company’s management is to blame when it comes to fraud cases. As much as the management takes decisive steps to prevent fraud, they are the ones that propel their juniors to commit these acts. This they do unawares by not considering that the people they are managing are also human. In [...]