Can you share recent internal control new stories in the corporate world?

There's also a corporate new incent story where a business rewards its sales team with luxury cars for achieving a certain level of sales volume. This not only motivates the current salespeople but also attracts new talent to the company. The sales team becomes more competitive, trying to outperform each other to get the coveted cars, and as a result, the company's sales figures have skyrocketed.

In a large retail chain, they focused on internal control in the area of cash management. They installed advanced cash register systems that provided detailed reports. Staff training was also emphasized to ensure proper handling of cash. Through these controls, cash shortages decreased significantly, and customer satisfaction increased as checkout times were also reduced.

There might be a story where a startup improved its internal control in inventory management. They used new technology, like RFID tags, to track inventory more accurately. This new internal control measure not only reduced inventory shrinkage but also improved their overall supply chain efficiency. They could now better forecast demand and ensure they had the right amount of stock at all times, which is crucial for a growing business.

Sure. In the corporate world, many companies have benefited from Sap Concur. For instance, a major tech firm was able to automate its entire expense approval process. This not only saved time but also improved compliance. With Sap Concur, they could enforce their expense policies more strictly, ensuring that all expenses were in line with company regulations. This led to a more organized and efficient financial operation within the company.

Sure. In some parts of the world, there are stories about how schools are handling COVID - 19 now. Some schools have implemented new ventilation systems and testing protocols to keep students and staff safe. For instance, a school in a European country has installed state - of - the - art air purifiers in every classroom.

Sure. There was a manager who played favorites blatantly. He would give all the best projects and opportunities to a select few employees while ignoring the rest. This created a very unfair and toxic work environment where the favored ones were overworked and the others were underutilized.

One success story is from Apple. Steve Jobs was a master of situational leadership. When the company was struggling in the 1990s, he returned. He knew the situation required radical innovation. He pushed his teams hard to create the iPod, iPhone and iPad. His ability to assess the situation, whether it was a competitive threat or a market opportunity, and lead accordingly made Apple a global giant again.

Sure. A large tech company introduced a wellness program that included on - site yoga and meditation sessions. Employee satisfaction increased, and the company saw a decrease in turnover. It was a simple yet effective addition to the work environment.

Sure. A large manufacturing company had a matrix system that was too hierarchical. After the rewrite, decision - making processes were decentralized. This allowed for quicker responses to market changes. For instance, when a new competitor emerged, the company was able to rapidly adjust its production lines and marketing strategies, leading to a maintained market share.

Another aspect in the corporate world is in deal - making. Libras are great at negotiation. They consider all the factors involved, from the financial terms to the long - term implications for both parties. A Libra executive might have successfully closed a major merger or acquisition by finding that perfect balance between what each company wants. They can analyze the market trends and use their diplomatic skills to persuade stakeholders on both sides.