Recent TRG blog posts

More and more retailers are recognising that customer management can bring long-term value to their business. Since applying these strategic approaches is not an easy task, retailers should consider implementing an appropriate retail management system to make all processes invariably smoother. Such a system will aid enterprises in:

As companies may not know exactly what will happen until they get started, facing tough challenges or even failing to accomplish goals is inevitable in the first stage. Therefore, although customer information management can drive retailers towards economic improvement, most managers still hold back on implementing this programme. Even once the decision is made, if retailers do not have a technical system or have an inefficient one, the following challenges are likely to crop up:

In the previous post, we have touched upon the current issues with annual reports in Vietnam. The financial review in an annual report, including financial statements and footnotes, is of particular interest to investors. Nonetheless, there are differences between the way this section is approached in Vietnam and in Western countries such as the US and UK due to legal, social, cultural and political dissimilarities.

A major element of failure has been the tendency to implement customer management ideas without first identifying the firm’s resources and its competitive strengths. Retailers need to spend time considering the following factors:

Annual report – As sad as it may seem, the concept of preparing/using the document is still a grey area in Vietnam. According to the Ministry of Finance, to date there are 1,690 public companies in Vietnam, 704 of which are listed in 2 stock markets. However, in 2011, only 21 out of 695 listed companies sufficiently met mandatory regulations regarding information disclosure.

HCMC – Yesterday, 26^th March 2014, TRG marked its success in the first ERP event ever for manufacturing industry: “The future of ERP in Manufacturing”, and promised new values for businesses in the industry by presenting new concepts and insights into the present challenges.

Ho Chi Minh City, 14^th March 2014 - The manufacturing industry faces numerous challenges in today’s marketplace. The four most significant challenges are dealing with intense global competition, finding and keeping skilled labour, handling cost pressures, and adapting to different consumer needs.

Research shows that globalisation trend is growing. With all the technologies, internet and the vehicles they empower from e-commerce to social media, the world continues to be smaller since information now is more accessible, and business opportunities follow it become broader to catch.

In the previous posts of this “Managing your business in a volatile climate” blog series, we discussed about a renewed focus on risk management, business forecasting and new technologies that businesses can leverage to stay competitive in a volatile market. In this articles, the last post of this series, we will discuss about improvement of businesses responsiveness to volatility by capitalising on core processes and technology investment.

In our last post on how to manage your business in a volatile climate, we mentioned that organisations can focus on measuring the right things, forecasting accurately and managing risks to its advantage and achieve their goals. In this articles, the second post of the series “Managing your business in a volatile climate”, we will discuss how new technologies can help businesses maintain their competitive advantages.