COMPLEX NETWORK OF MEASURES AND IMPACTS
Both the main lines and the details of the procedures should be reviewed with their effects and reflections. It would be worthwhile for society, the institution and the company to carry out a thorough study of the measures and their alternatives, including their indirect, immediate and long-term effects. They can be used to build a network of connectivity with its causes, consequences and weights. Being able to take into account all the possible significant things can be mapped and completed. A simulation model could be constructed to select the optimal options for different actions, causes and consequences. Things are not always as they appear roughly, finger-like, estimated, but require more in-depth and extensive clarification and calculation, which must be constantly updated to reflect changing circumstances.
LABOR COSTS AND PURCHASING POWER
With lower wage costs and side costs, products and services can be sold cheaper both domestically and abroad. Purchasing power increases with everyone because less money is needed to purchase. If the unemployed get more jobs, they will also increase their purchasing power. Unemployed people getting into work may have a lot of pent-up needs for consumption, so they can increase their purchasing power relatively more than those workers’ wages increases who have already had long-time jobs. The employee costs for an employer are more than just the salary, the salary has to be multiplied by 1.8 to get approximately the cost of the employee to the company. However, an employee being productive, it brings more income to the company than costs, and it should be so, otherwise the business itself is not profitable enough. If productivity can be raised, even labor costs can increase.
OTHER EXPENSES
Much can be saved by being more prudent and knowledgeable in purchasing. Avoiding error investments can result in big savings. Business owners should also consider the long-term development and solvency of the company when distributing dividends, investing sufficient profits in the company’s development and not thinking short-term.
USE OF TIME
The more staff there is and the time spent can be rational, the right things can be done more. Practicing things faster and smarter saves time. When staff have a long employment relationship, experience and working practices may refine optimized. On the other hand, one can become involved in poor working practices, have to be readiness for change, and ready to receive negative feedback. With the identification, mapping and improvement of problem areas, development is moving forward.
WISE SELECTION OF MATERIALS
Products should be selected for their durability, value for money, environmental friendliness, fit for purpose and also the latest technology, provided they provide better performance and competitiveness.
GOOD WORKING METHODS, EQUIPMENT AND PROCESSES
Job research can be used to find out if there is any unnecessary work. How could be better. Are there better methods and tools to work on?
GOOD LEADERSHIP, ORGANIZATION AND EXPERIENCED, DIVERSIFIED PERSONNEL
The management must be competent, up-to-date, rich in ideas, knowledgeable of the processes, methods and products and services in their area of responsibility. At all times you need to keep track of how the world is moving forward. There is a constant need to develop and search for better solutions. Or at least, by the end of the product’s life, a new competitive product must have been developed and marketed to replace the obsolete.
All staff also need to develop their own skills and knowledge independently and can be encouraged and guided by the company by providing learning materials and time. Or if studying and researching in the spare time and studying helps the company get better, then the employer can be encouraged to it by increasing wages. You can also learn and develop at work by doing and experimenting, the better the stimulating and richer working environment. How to get all staff to work together better. There is also networking of the company and cooperation with other companies, research institutes and educational institutions. It is good for the staff to be composed of both young, middle-aged and old, and diverse, many kinds of people, so that there can be more insight, knowledge and ideas.
GOOD WORKING, HEALTH, SATISFACTION AND COMMITMENT AT WORK
Optimized individualized dietary guidelines could be developed for staff based on hereditary variability or at least according to general nutritional recommendations. Today, companies already exist overseas that provide nutritional recommendations individually based on gene diversity, although they do not yet have a strong scientific basis. Increasingly, more and more research results are coming into the relationship between diet and health. Diet influences thinking, alertness, state of mind, morbidity etc. Lifestyle, adequate exercise, rest, sobriety also contribute to well-being. The staff should have good relationships with each other and discuss issues more openly. All staff are involved in the search, development and decision making of ideas, at least by listening to and taking account of the wishes of the employees. When ergonomics, working methods do not cause wear and strain and avoid exposure to harmful substances, etc., fitness remains better. Air conditioning, lighting, sound, a quiet, stimulating workstation also help you work efficiently and reduce fatigue.
BEFORE EVERYTHING YOU SHOULD GET CUSTOMERS AND PRODUCTS AND SERVICES SUITABLE FOR THEIR NEEDS. ETHICS ATTENTION AND PURCHASE AS NEAR AS POSSIBLE.
Markets and customers need to be listened to. Market niches and improvements to products and services need to be mapped. There must be good, clear information about the products and services to the customers and also to your own staff, vendors.
Competition and conduct must be ethical, ecological and the company must have a good image. By favoring local players in its procurement and operations, the company supports the vitality of its area, which positively reflects back on the business opportunities. By supporting the surrounding society, the society can provide the company with a better and more competitive operating environment. By supporting universities, colleges and vocational schools, the company can gain access to trained staff and contributions to development. Educational institutions could also set up companies to finance their training and research. And students would receive training in business, work and practical problems, rather than over-theorizing.
Veikko J. Pyhtilä, 2017