Articles

The Dual Dance: Strategies for Success in Profit and Cash Flow Management

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This comprehensive guide delves into the intricate dynamics of managing profit and cash flow, offering financial managers a strategic roadmap for achieving a delicate balance. Beginning with an exploration of the symbiotic relationships between profit and cash flow, the guide provides insights into common misconceptions and pitfalls that can hinder success. Practical strategies, including working capital management, efficient inventory controls, and rigorous cost management, are meticulously outlined to empower managers in their quest for financial equilibrium. The guide advocates for the integration of cutting-edge tools and technologies, emphasizing the importance of financial forecasting, cash flow projections, and the adoption of accounting software. Moreover, it underscores the significance of balancing long-term and short-term goals, building resilience in economic downturns, and addressing regulatory compliance and financial risk management. Continuous monitoring and adaptation, facilitated through the implementation of Key Performance Indicators and regular financial health checks, are highlighted as essential practices for sustained success. In conclusion, the guide serves as a compass, guiding financial managers through the dynamic landscape of profit and cash flow, transforming challenges into opportunities for enduring prosperity.

Strategic Planning for Drone Company in Indonesia (Case: PT Terra Drone Indonesia)

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Terra Drone Indonesia has the vision to be the No. 1 drone service company in Southeast Asia and contribute to the nation’s sustainable growth. The drone business condition in Indonesia is getting tight with competition and regulation. A new strategic plan should be proposed to answer the vision of Terra Drone Indonesia. Understand drone business opportunities to explore more for Indonesia’s drone industry business issues. The internal environment (SWOT Analysis) and the external environment (5 forces, PESTEL) will be a study for the proposed business strategy. The feasibility study and new business strategy comparison analysis turn into a strategy implementation for Terra Drone Indonesia. 2 new drone businesses might be applicable in Indonesia. Those are Drone spraying and Drone light show businesses. These 2 applications also the drone services that can comply with the waiver drone operation in Indonesia. Drone Spraying complies with a specific airspace operation and drone light show is more than one drone operation. New business strategic planning should be arranged by TDID as a more narrow Strategy. Based on the analysis, drone light show business fit more. Low competition and higher financial projections are the key points compared to the drone spraying business. The implementation plan should be monitored well to make sure the new strategy solves the problem.

An Investigation into Strategic Planning and Performance Improvement of National Social Security Fund Ilala Branch

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This study was conducted so as to investigate the effects of strategic planning toward performance improvement of the National Social Security Fund Ilala Branch with the following specific objectives; to assess the influence of existing organizational structure to the performance improvement of NSSF Ilala Branch, to examine the influence of organizational system to performance improvement of NSSF Ilala Branch and to analyze the contribution of organization mission towards performance improvement of NSSF Ilala Branch. This study used descriptive survey design. Quantitative research approach was adopted. Population of this study comprised of 300 staff members of NSSF Ilala Branch. It employed both purposive and random sampling techniques to obtain 172 respondents. The study found out that, strategic planning aspects of structure would influence performance improvement by 17.8%, organizational system and organization mission would contribute to performance improvement by 40.8% and 50.8% respectively. The study recommended that, organizations in Tanzania should take strategic planning more seriously, differentiate it from other forms of planning, make an effort to choose strategies that are suitable for each strategic plan as well as embrace and successfully apply all of its principles.

Scenario Planning Development in Facing Future Challenge for Power Rental Industry (Case Study: SM Company)

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The diesel power rental industry is currently in an energy transition period. Policy changes in reducing the use of non-renewable fuels are factors that can reduce customer demand. Several policies, such as the Paris agreement, followed by a general plan for electricity supply, then a general plan for national energy that focuses on increasing the use of renewable energy encourages the shift from fossil fuels to renewable sources. These factors will affect the electricity rental industry which still uses fossil fuels.

Scenario planning is chosen to provide possible scenarios that may occur in the future by carrying out an analysis of implications & options. This scenario can provide an initial danger signal to be used as an indicator of movement in an industry which will help companies to act and choose the best strategy going forward. Scenario planning is used as a tool for strategic thinking that can be integrated into corporate strategic planning.

The semi-structural interview qualitative method was used to collect both primary and secondary data. Supporting analysis of both external factors such as Pestle & Porters Generic Strategies as well as internal resource-competencies was carried out to determine what factors affect uncertainty in the industry, in overcoming future uncertainties scenario planning carried out in this study. The strategic recommendations that were presented have the potential to assist in the future alignment of the company’s strategy.

A Brief Review of Healthcare System Transformation Directions

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The health care systems globally are undergoing constant changes and redesign processes within the framework of increasing patient expectations and increasingly challenging objectives related to the health of populations, cost reduction and improvement of health care quality. New approaches of healthcare reimbursement and payment are being implemented with the aim to contain costs. In parallel, there are relentless efforts to improve the quality of care through the reorganization of the healthcare team, increasingly relying on evidence, putting the patients at the centre of care, and greater participation of the patients in the process of healthcare. Overcoming the fragmentation of health systems is a major challenge for most countries of the world.  In this light, healthcare system innovation and transformation, in order to meet the expectations of the patients, healthcare professionals and other stakeholders involved is of critical importance. System thinking offers an opportunity for healthcare professionals and experts of health system administration, management and strategic planning to fine-tune the health system so that it can fulfil its aspirations.