Learning Accounts can help

In the time of financial slowdown reducing costs have become major priority of most firms. I personally feel that the reason why most of companies are not good at managing their costs is because they are dependent on their CFO's or person/team handling the company's finance. Managing cost should not be the pererogative of the company's finance team. In fact each person in a company should have knowledge about finance so that He/she can better contribute towards reducing the overall costs on a day to day basis. I have found this knowledge lacking in many companies where even the managers use wrong forecasting methods which can create a cash flow problems in the company- and this is irrespective of Managers being very skilled in their respective functions.

New Ideas

I believe that if each one of us can think of a need which has not been satisfied till now it can act as a starting point of many new product ideas. Those ideas then can be further researched and tested before the decision is taken to market them. This idea factory can be created within your organization and the stakeholders like your employees can be rewarded suitability. There are many organizations that are successfully doing this but this does not mean that you should completely emulate them but rather you should decide your own framework and work on it in a regular manner.