Strategy in essence is a plan of action designed to achieve a specific aim or objective. Formulation typically begins in abstract terms and gradually solidifies into on-page-prose. One way of doing so is through developing a strategy map. A strategy map is a visualisation of the strategy planning process. A strategy map categorises the […]
Taxation is how states raise funds to pay for and fund the public service. Given the vast sums involved, large organisations and individuals have in the past sought ways to avoid paying tax through leveraging the global banking system so they are out of reach of local tax authorities. As reported by the Washington Post, […]
Digital transformation is where an organisation seeks to profoundly transform its business activities, competencies and operating model to fully leverage the opportunities made available by digital technology. Digital transformation is a complex process requiring careful management and which has significant implications upon an organisation’s strategy. A view of these implications has been expressed by David […]
Strategic planning is when an organisation sets its priorities, distributes resources, creates and implements strategies, and monitors their level of success. This process ideally occurs in conjunction with crisis planning. While strategic planning seeks to exploit opportunities available within a changing environment, crisis planning – also known as crisis management – tends to focus on […]
Welcome to this last installment of Letsema Talks, Year in Review Part II, for 2020. As discussed two weeks ago, Letsema Talks has sought to offer the views and expertise of Letsema’s skilled and experienced staff on a menagerie of topics we believe those working in a business, or responsible for managing one, may find […]
Launched this year, Letsema Talks has sought to offer the views and expertise of Letsema’s diverse range of staff on a variety of topics we believe those working in a business, or responsible for managing one, may find enlightening, intriguing, educational and valuable in a time of unprecedented uncertainty. Over the next two installments of […]
A pillar of the systems approach to management is acquiring a holistic view of an organisation so resources can be optimally deployed and managed to achieve stated objectives. While normally associated with business management, the world of professional football is not alien to the concept. In the 2018/2019 European season, a team primarily composed of […]
Sustainable practices has become an increasingly prominent theme within agriculture. Sellers of agricultural products lean heavily on the term to reach consumers. Yet, what is meant by sustainability? In this installment of Letsema Talks, we speak to Will Coetsee, the managing director of Botanica Natural Products, a private agri-business based in Alldays, Limpopo. Coetsee tells […]
Partnering, and to partner for a competitive edge, has existed as a concept for millennia. Among the very first known business partnerships occurred in medieval times, spurring important economic revolutions such as the Commercial Revolution that occurred in 13th century Europe. As we move deeper into the 21st century, the idea of partnering for a […]
Technology is playing an increasingly vital role in core business functions such as audit and finance. At the recent Terrapinn Accounting & Finance Show 2020, Russell Isakow and Suhail Moosa, Engagement Manager and Consultant at Letsema respectively, spoke on a panel that discussed the effect of technology and data on finance, auditing and accounting functions. […]
