Putting purchasing decisions in the hands of business units takes away oversight, leading to possible overspending when those units buy more than necessary.
IT spending plays an outsized role in operating budgets — and it's going up. IT spending was projected to grow 0.6% to $3.74 trillion in 2019, according to Gartner .
As technology has become pervasive across business units who controls IT spend — and where spend comes from in corporate budgets — is changing.
While you're here, how about this:
Top business stories: Apple Store robots, Goldman's alt push, budget sheet - Business Insider
My name is Joe Ciolli , and I oversee the markets and investing teams at Business Insider. Your usual scribe Matt Turner is out on parental leave, so I'll be handling your weekly dispatch of the hottest and most thought-provoking business news and analysis.
One of our most popular stories from the past week came from Lisa Eadicicco , who looked into how Apple's push to rule the smartphone industry has made Apple Store employees feel like robots . She spoke to current and former staffers, who gave her the inside scoop on how the store's cultural dynamic has changed over the years. Spoiler alert: it hasn't been for the better.
Total Energy Services Inc.
CALGARY, Alberta, Jan. 06, 2020 (GLOBE NEWSWIRE) -- Total Energy Services Inc. (TSX: TOT ) ("Total" or the "Company") announces its preliminary 2020 capital expenditure budget of $23.0 million. Included in this budget is $6.8 million of expansion capital and $16.2 million for equipment maintenance and upgrades. In addition, approximately $3.7 million of 2019 capital expenditure commitments will carry forward into 2020.
Total's expansion capital is being allocated to the Company's Compression and Process Services segment to support the continued growth of its North American compression rental and parts and service businesses.
How to Create Viral Social Media Content on a Budget - business.com
These videos do not need to be high budget , and they have the potential to make your brand a cultural phenomenon. Some people think viral videos are created purely accidentally, but this couldn't be further from the truth. You can intentionally craft video content that will spark hundreds of thousands of people to talk about your company. Sounds amazing, right? The following six tips will help you create viral video content – especially on a shoestring budget:
When creating a viral video, you have to first determine your target audience . Because you are hoping everyone will watch your video, it can be tempting to attempt to use a worldwide audience as your target, but this will almost certainly be a major inhibitor of your video's success.
Check out this next:
Michigan Lawmakers on Pace for the Smallest Increase in Business Subsidies – Mackinac Center
While there were important laws passed in the statehouse in 2019, what didn't get passed was just as noteworthy. There was no large tax increase, despite it being governor's highest priority. There was less road funding in the budget, despite a consensus between legislators and the governor that that the state ought to spend more on road repairs.
Since 2001, we've kept track of every law which authorizes new business subsidies, and, where available, official estimates of how much was authorized. We have counted only those programs which transfer money from some taxpayers to others, and omitted votes where the programs were only a small portion of the overall legislation. In budget bills, for example, the subsidies represent a minuscule fraction of the authorized spending, so they're not on the scorecard.
Budget smart home accessory maker Sengled unveils new HomeKit hub, more - 9to5Mac
After several years of solely supporting Google Assistant and Amazon Alexa, smart lighting company Sengled has now expanded to HomeKit. At CES 2020 today, the company announced new additions to its smart lighting range, including a new third-generation hub with HomeKit support.
Headlining today's announcements from Sengled is its new Smart Hub, which adds support for Apple's HomeKit platform. This means that users can control Sengled smart lights and accessories via the Home app on their iPhone, iPad, and Mac, as well as with Siri voice control.
Bills aside, your 2020 budget can be a little F-U-N | Business | phillytrib.com
And while budgeting certainly isn't exciting, breaking down your spending can give you the ability to do things you enjoy.
* * *
There are countless budgeting techniques out there, but one is particularly effective and easy to remember.
It's called the 50/30/20 budget. This plan accounts for typical general expenses like your mortgage, rent, car payment and utility bills, as well as individualized discretionary spending such as travel, streaming services and more.
6 Tips to Improve Your Company's Shipping Department - Business 2 Community
As an online retailer, it's very important for your company to provide reliable shipping services. Customers need to be able to trust that they will receive their products on time and without any damage. Here are some helpful tips to improve the quality of your company's shipping services.
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Effective communication with your warehouse and shipping team will help you get orders out faster and ensure that restocking happens in a timely manner to avoid delays. Have someone check in with the warehouse at least once a day, either with a phone call or in-person, to make sure everyone is on the same page regarding your strategy for order fulfillment. You can also use apps like Slack to give the entire team an easy way to communicate.
Happening on Twitter
Here's a beginner's guide to DeFi and how it can help make financial services universally accessible to anyone, any… https://t.co/vDH6ddVqEq coinbase (from San Francisco, CA) Mon Jan 06 20:08:12 +0000 2020
Although YouTube has recovered the deleted #crypto videos, it still destroyed the users' trust in the platform. W… https://t.co/1GgUJoYS3m BitTorrent (from San Francisco, CA) Mon Jan 06 07:29:36 +0000 2020
It's a milestone of #decentralized live streaming world! DLive will begin utilizing the BitTorrent File-Sharing Sys… https://t.co/ea8Kaql7Im BitTorrent (from San Francisco, CA) Tue Jan 07 07:42:33 +0000 2020
China may be first. But over the 2020s, many major states will launch national digital currencies. These will then… https://t.co/XUPbECXUYK balajis (from Stanford, CA) Wed Jan 01 00:45:03 +0000 2020
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