Cash Conversion Cycles are actually an indicator of how capable businesses operations are, long cycles lead to a Vicious Circle that organizations find hard to escape and badly affect both working capital and profit. While the interest costs of Extended Credit Cycles can be straightforwardly calculated, the effects of long Cash Conversions Cycles are much greater and much more impactful on success.
Saudi Arabia has undergone a significant transformation in recent years under the leadership of crown prince Mohammed bin Salman, with a particular focus on implementing critical reforms within the governmental systems. In this article, we will look at how change management during complex government transformations in Saudi Arabia can create a culture and work ethic change that is sustainable, and the role management consulting firms such as four principles can play.
Digital technology and analytics are transforming the competitive landscape of many industries, including insurance—but companies often struggle along the path to change and fail to harness the full potential of digital. Insurers who move swiftly toward the new digital reality are flourishing, while those who sit idle with legacy processes are falling behind. In fact, insurers in the top quartile for digital performance are growing twice as fast and achieving higher profitability than their less digitally mature peers.
In the face of increasing regional and international banking regulations, compressed margins, and changing capital adequacy standards, banks are looking for a more adaptable, transparent approach to business.
Since the heydays of investment banking seem to be over, attention is again turning to the retail side of banking to deliver steady profits and stable funding that banks need to regain the support of investors. It seems that the timing for retail banking is right to regain attention, since consumers are evidently changing their ways of interaction with retail banks through the use of mobile technology. Yet a central discussion point remains: the future of the bank branch. Will branches, who have been prematurely reported dead several times over the last decades, join the same fate as book stores, music stores and travel agents which keep on disappearing from high streets globally? Or is trust still paramount in retail banking, where people will leave their savings only with banks that have a vast network of branches symbolising their stability?
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