In today’s dynamic business landscape, contract managers play a crucial role in ensuring effective contract management, mitigating risks, and driving operational excellence. As such, the CEO’s involvement in this process is becoming increasingly important. Here’s a glimpse into the future role of the CEO when it comes to contract managers.
[Read more…] about The Future Role of CEO’s in Contract Management
Increasing complexity and volume of contracts: With the global marketplace expanding and businesses engaging in more complex transactions, the number and complexity of contracts have surged. This has created a pressing need for efficient contract management to ensure compliance, minimize risk, and maximize value.
What are the challenges of being stuck in a red ocean? Is a relentless focus on execution the game-changing strategy we need to embrace?
Red oceans are highly competitive markets, saturated with numerous players vying for the same customer base. In such an environment, it’s easy to feel overwhelmed and stagnant, but that’s exactly when we need to muster the strength to push forward!
[Read more…] about Stuck in a Red Ocean: Focus on Execution
Let’s shed some light on an important topic in business and data analysis: the distinction between leading indicators and key performance indicators (KPIs).
1. Leading indicators refer to specific metrics or data points that give us insights into the future performance of a business. They act as early warning signs, providing us with predictive information. These indicators help organizations anticipate future trends, make informed decisions, and take proactive actions to optimize performance. Some examples of leading indicators could be web traffic, customer satisfaction surveys, or even social media engagement.
[Read more…] about The Distinction Between Leading Indicators and Key Performance Indicators
Try managing 30-year contracts for physical asset creation and maintenance. Working with some amazing energy companies building and maintaining wind farms, I have seen firsthand the challenges that arise.
It’s a complex task that requires careful planning and management to ensure that the assets are created and maintained to the highest standards over the course of the contract. One key to success is establishing clear expectations and standards upfront, to avoid misunderstandings or disagreements later on. Also it is highly relevant to understand that the change control procedure is a vital part of these kind of agreements.
[Read more…] about The Long-Term Contract: Continious Collaboration And CommunicationThis website uses cookies to ensure you get the best experience on our website. More information
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. We use cookies for website optimisation and web analytics purposes. When you continue to use this website without changing your cookie settings or you click "Got it!" below, then you are consenting to this.
Follow & contact