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A poor succession plan costed Blackberry 4,500 employees and nearly $1 billion. While the absence of a succession plan is detrimental to the future growth of any business, rushing to draft one up without a deep understanding and careful consideration of all aspects involved can lead to unforeseen consequences. So, what are the tell-tale signs of succession planning failures?

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Budgeting plays a vital part in any organisation regardless of size. For some, the process of building a budget is often deemed to be tedious, time-consuming, and downright challenging. What's more, there are not only short-term budgets businesses have to worry about, there are also long-term ones. 

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Planning, Budgeting, and Forecasting (PB&F) is one of the three management processes that constitute Enterprise Performance Management (EPM). We have presented the basic principles of EPM and its other two components in a previous post. In this article, we will dive deeper into the PB&F process and discuss the similarities and differences among financial planning, budgeting, and forecasting.

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Appeared in 2016, the term “ghosting” is first used to describe a situation for romantic relationships where a person “disappears” and cuts all connections with the other party without any explanation. Recently, this practice has expanded from the dating world to the workplace and became a nightmare for both candidates and employers. Fortunately, there are steps you can take in order to avoid being ghosted by candidates.

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Panorama has listed SAP, Oracle, Microsoft Dynamics, and Infor to be their “Tier 1” ERP vendors. Back in 2017, TRG International published a simple infographic to dive deep into various aspects that make these brands to be the best of all. 

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According to a study done by ClearCompany1 in 2016, 68% of workers say training and development is the most important workplace policy. Nonetheless, many companies still view employee training as an expense instead of an investment. But despite all of the resources, time and effort put into making everything happens, many organisations fail to properly measure the effectiveness of the training.  

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If you are starting to see a handful of young, new employees here and there in your company who all have the “eager to learn new things” look on their faces and a smartphone in their hands, lucky you for spotting the first crop of Generation Z (those who were born from 1996 onwards). 

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Designed to provide hoteliers with a next-gen cloud-based system, Infor HMS is a full-fledged hotel management solution encompassing not only the key functions of a PMS but also analytics and mobile capabilities for top-of-the-line guest experience. Infor HMS streamlines core processes like CRM, revenue management, and incident management with its built-in capabilities.  

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In a recent survey jointly conducted by JDA Software and KPMG1, in which key innovation investments across retail, manufacturing, and logistics are laid out, supply chain visibility and traceability dominated with 77% and have been crowned for 2 consecutive years, followed by others. And to a marked extent, those are all driven by the latest technological breakthroughs such as inter alia, Artificial Intelligence, Machine Learning, cognitive analytics, and blockchain.  

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Selecting the right Property Management System (PMS) for your hotel business - one that can enhance guest experience, cut costs, and maximise revenue - is not at all easy. The rapid adoption of cloud PMS only makes this an even more challenging undertaking. That isn't to say that it is impossible, and TRG is here to help.

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