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Effective cash management is a critical success factor for any business. To fund growth, invest in new infrastructure or mitigate short term downturns, having strong visibility and control of day-to-day cash is a must.
Artificial intelligence is a concept that remains much discussed but poorly understood. There are popular speakers who preach its potential, predicting that we will soon live in an automated world where human work is no longer necessary.
Global businesses today use a wide variety of tools in their communications strategy to stay connected – intranets, emails, mobile phones, Skype, texts and instant messaging among them. Revolutionary as they may be for transforming how business is conducted globally, they still provide no substitute for sending a trusted, capable employee on an overseas assignment to solve a problem or lead an initiative in person.
Thailand may soon join several countries in taxing digital services and products that are provided by foreign e-commerce operators. In July 2018, the Thai Cabinet approved of a draft law that, if enacted, will see Thailand imposing value added tax (“VAT”) on foreign operators that provide services and content through the internet or electronic media to Thai consumers.
For the average large Thai organisation included in the study, just $0.7 million was lost through the direct result of attacks. Indirect effects accounted for $6.7 million of the lost money, while induced losses accounted for the remaining $5.3 million.
Executive recruitment used to be a much simpler industry in terms of entry as well as sustainable performance. Before networks like LinkedIn and dedicated job-searching websites, businesses had little choice but to connect with executive candidates via a third party.
For many businesses, international expansion and growth brings new opportunities across new markets. However, managing an internationally mobile workforce can pose significant challenges in effectively tracking where employees are working. In turn, these challenges complicate the tax and reporting obligations that arise across a diverse employee population working across borders.
As companies grow in size, the challenge of keeping everyone on the same page becomes ever greater. In the minds of many executives, the most natural solution seems to be an increased tendency toward top-down control.
With the recent closures of Toys “R” Us (U.S.), Maplin and Topshop Australia, we investigate whether the internet is killing off physical stores and offer practical advice to dynamic retail businesses on how to avoid going under.
Whether it’s robotics, artificial intelligence or the cloud, advances in technology present a golden opportunity for the finance function. But what’s the best way to maximise potential gains: an enterprise-wide solution, or a more targeted approach?
In the final part of this article, we continue our examination of how customs rules for free trade agreements (“FTAs”) should be modernised to meet the needs of a digital economy.
Every board is susceptible to bust-ups, but the frequency, ferocity and complexity of conflicts depend on the personalities of those involved, the interests at stake and the robustness of its conflict-handling process.
Wave after wave of new business technology has been hyped as revolutionary, leaving organisations with the options either to invest in strategic transformation and disruptive technologies or to dismiss it all as mere noise and carry on with traditional methods of business administration.
The growth of the digital economy has broken down traditional commercial and geographical boundaries. Goods and services are being delivered and consumed across borders in ways that were unforeseen and at a pace that was unprecedented just decades ago.
The vision for Thailand 4.0 is certainly ambitious, and is extremely well adapted to the digital economic stage that the world is now entering. But is that vision also well adapted to Thailand itself? Can this moderately advanced Southeast Asian nation handle the weight of its own development plan?
Talented people are crucial to any business or organisation, but making a bad hire is often one of the costliest decisions a company can make. Many companies find that despite optimising or upgrading the hiring process, little overlooked details somehow turn up to make things go wrong.