July 8, 2025 The Best Source of News, Culture, Lifestyle for Culver City, Mar Vista, Del Rey, Palms and West Los Angeles

Inefficient Practices & Policies That Cost Companies Millions

For decades, the academic field of management has focused on the concept of efficiency. Fortunately, the result of all the studies, tests, surveys, and real-world experiments led to a lot of useful information for people who own and operate businesses. One of the most productive outcomes of academic research is the discovery not only of what works but what doesn’t. Identifying best practices is one thing, but learning about inefficient ones can be just as helpful for on-the-ground management teams.

While there are hundreds of verifiable behaviors, habits, and tendencies that can get a supervisor or team leader into a nonproductive rut, several things are so common that they seem to appear in dozens of industries and niches across the broad spectrum of commercial activity. For companies that operate vehicle fleets, for instance, dangerous driving practices are the number one offender. Other practices that can lead to lost profits and low growth include poor time management skills on the part of any employee, lax IT security throughout a company, irregular or nonexistent safety reviews, ineffective inventory oversight, and more. The following points offer pertinent details about some of the most egregious destroyers of profits.

Vehicle Fleet Drivers Who Tailgate

Fleet supervisors routinely mention tailgating as being the most dangerous of all driver practices, not just because it’s so common but also due to its potential for huge financial losses and physical danger. It’s a fact that following too closely, which is the definition of tailgating, is the top reason for rear-end vehicle crashes in the United States. What’s the solution to this all-too-common problem? For starters, fleet managers can find out how to effectively coach and advise on-the-road drivers so that they keep enough distance between their trucks and vehicles in front of them. Another component of the answer to the dilemma includes dash cams equipped with AI technology so they can inform drivers immediately whenever they’re tailgating. Cams and coaching are two of the best ways to prevent crashes and keep everyone safer.

Lax IT Security Measures

Weak IT security opens entities up to ransomware attacks and dozens of other technology-based intrusions. Unfortunately, far too many small companies believe themselves to be immune to this widespread problem. But hackers and other nefarious cyber criminals are apt to focus on startups, new businesses, and smaller organizations for that very reason. For most companies, the solution is to outsource IT security or hire at least one in-house expert who can deter attacks and secure all the organization’s information.

Poor Time Management

It’s safe to say that the majority of working people could use a few tips on improving their time management skills. Some corporations require all new hires to take extensive online or in-person classes on the subject. Fortunately, anyone can learn to budget their time wisely, but it takes dedication and effort to make a habit out of the techniques. Once you get the hang of being a good task master you can find a way to destress a little since you will likely feel less suffocated with projects and looming deadlines. 

Irregular Safety Reviews

Maintaining a safe workplace is one of the most cost-conscious moves a management team can make. The unfortunate news is that most don’t take the action needed to achieve that goal. The good news is that the remedy is a simple one: having at least two annual safety reviews performed by independent evaluators.

Tags: in sponsored
Related Posts

Beaded Embroidery on Liturgical Vestments – Precision and Splendor

April 30, 2025

April 30, 2025

Beaded embroidery is an exquisite technique that adds a touch of luxury and refinement to liturgical vestments. This art form,...

What Are The Best Betting Apps?

April 25, 2025

April 25, 2025

With mobile betting surging in popularity across the United States, finding the best betting apps has become a top priority...

California AG’s Cardroom Crackdown Ignites Economic Alarm 

April 20, 2025

April 20, 2025

California Attorney General Rob Bonta’s proposed regulations on cardrooms have ignited fierce opposition from lawmakers, municipal leaders, and industry advocates....

How to Get Compensation for a Faulty Vehicle in California

April 7, 2025

April 7, 2025

Buying a vehicle is a major investment, and discovering that it’s faulty can be frustrating, especially when the repairs don’t...

Smart Marketing Strategies to Thrive in the iGaming Industry in 2025

April 7, 2025

April 7, 2025

The iGaming industry has evolved into a fiercely competitive digital marketplace, with online gaming operators constantly searching for ways to...

Insurance for Cyclists: Do You Really Need It? 

April 4, 2025

April 4, 2025

Cycling is more than just a pastime. It’s a lifestyle, a means of transport, and for many people, a daily...

From Santa Monica to the Saddles: Westside Spots to Celebrate The Triple Crown

April 2, 2025

April 2, 2025

Triple Crown events are best experienced in the company of others. You don’t need to spend thousands of dollars on...

LA Investor Takes on Bitcoin Giant Strategy amid Growing Crypto Confidence

April 1, 2025

April 1, 2025

In Los Angeles, a local investor has filed a class action lawsuit against Strategy, a company known for its bold...

Relaxing Weekend Activities with Virtual Hangouts and Affordable Entertainment in West LA

March 28, 2025

March 28, 2025

In today’s fast-paced world, finding time to relax is crucial for maintaining a balanced lifestyle. As weekends approach, many seek...

Navigating the Housing Market: Buy Now or Wait?

March 4, 2025

March 4, 2025

The housing market is a complex landscape shaped by fluctuating interest rates, economic conditions, and supply-demand dynamics. For many prospective...

US SME’s Report Stable Figures Across February – How are They Consolidating Their Business?

March 4, 2025

March 4, 2025

According to recent statistics provided by the Small Business Jobs Index, US SMEs secured a score of 100.04 in February,...

The Rise of Stay-at-Home Gaming Culture in LA’s Westside Neighborhoods

March 3, 2025

March 3, 2025

In the center of Los Angeles, the Westside neighborhoods are experiencing a big change in gaming habits. Games are no...

How Are Californian Businesses Embracing Fintech Advancements

February 17, 2025

February 17, 2025

California businesses are rapidly adopting fintech innovations, with cryptocurrency payments gaining traction in industries like retail, real estate, travel, and...

How Web3 is Reshaping the Creator Economy

February 17, 2025

February 17, 2025

The creator economy is booming, and nowhere is that more evident than in the vibrant hub of Los Angeles. From...

How West LA Businesses Are Embracing Cryptocurrency Payments

February 17, 2025

February 17, 2025

West LA features some of the most innovative regions of the city. This comes as no surprise since it also...