Category: Operations

How to apply the Balanced Scorecard to your social media strategy

Do you know the ‘old’ strategic models can be used to design and monitor your social media strategy? There are other newer models that could be used, as well; for instance, here I propose you use the Business Model Canvas.

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How social media can create value

‘Generate value’ may be considered as one of the old new adages for company growth. If you are capable of creating value, more people will be willing to buy your product and your revenue will grow. Although you may be

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Inventory Management

If you run a company that needs to hold stock you know you face two major costs: (1) the cost of holding it, and (2) the cost of ordering. Both costs work in such a way that you need to

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