Reports are essential tools in business. They play a crucial role in a company’s startup, ongoing growth, expansion, and even survival stages. Through business reports, companies can document their progress over time. Reports also help build an audit trail of the past. These documents can become necessary when going to financial institutions or seeking investors. Corporations produce annual reports for their stakeholders and government agencies to comply with legal obligations. Reports are also helpful in decision-making, whether making a substantial purchase, planning for expansion, or deciding to sell the business.

Project Reporting

As businesses become more project-centric, the idea behind reporting is likewise followed and expected during project management. Project reporting is the act of producing formal and informal reports to communicate the project’s status. Reporting is usually done at regular intervals throughout the project. Stakeholders, sponsors, and the project team agree on the reporting frequency. In general, project reporting helps manage the expectations of stakeholders. […]

Simply put, a checklist is a list of items for consideration. They can come in several forms, like a list of questions or actions to be carried out. They can be accompanied by checkboxes ticked off when that list item has been completed. People accept the results of a completed checklist as reliable and trustworthy. Thus, it is used as a memory aid or a job tool to ensure all issues have been considered.

Why We Fail

The human brain is capable of holding 4.7 million books in memory. And yet, there is no lack of documented failures in our history. So, why do people still fail, even though we can hold significant information and use many skills? According to philosophers, we die for two reasons: ignorance and ineptitude. We fail, firstly, because we do not have the information to perform a task. We forget also because, although we have the information, we cannot […]

As early as 2015, some business experts have already made the prognosis: the 9-to-5 workday is already dying. The 8-hour workday, 5 days a week, or the 40-hour workweek, was born in the 1940s. So, it seems that the life of this 80-something year-old schedule is now at its end. Or is it?

Times are changing

The 40-hour workweek law was passed as a means to address extreme working hours demanded by employers to their employees. It worked for a time, especially in the manufacturing age, where people need to work together in shifts. However, between then and now, a lot has changed.

Work surveys have showed that today, there are more working mothers than in the previous decades. More than 60 percent of families today have both parents working, and many of them have young children. In fact, 70 percent of remote workers today are between the ages of 25 and 44.

Also, technology has advanced tremendously, such that it is now easier to do work outside the traditional office setting. […]