The Business Benchmarking Process

The Business Benchmarking Process

Benchmarking is the continuous process of measuring products, services, and practices against the toughest competitors or those companies regarded as leaders. Benchmarking is a method of comparing processes, products, and services against organizations with the best practices. You can benchmark best practices to identify how others achieve outstanding results, and […]

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The Importance of External Advisors in Successful Companies

The Importance of External Advisors in Successful Companies

The engagement of talented consultants from various professional fields is essential to the success of the company. There are traditional areas, such as economic and legal matters, in which every company customarily hires outside advisors. But there are also professional consultants in other fields who may contribute to the company […]

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The Importance of the Management Team in Successful Companies

The Importance of the Management Team in Successful Companies

It is important that the founding team be staffed by people with experience in technology and business. This is one of the main reasons why success stories of companies established and managed over time by only one entrepreneur are rare. In most cases, even when the venture has only one […]

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Common Questions in Strategic Planning

Common Questions in Strategic Planning

There are seven key questions in strategic planning, both for you and for your business. These are questions that you need to ask and answer over and over, throughout your career. Sometimes a new answer to any of these questions can dramatically change the direction of your business and your […]

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Strategy Innovation vs. Strategic Planning

Strategy Innovation vs. Strategic Planning

If you are intrigued by the potential of strategy innovation for your company, be aware that you will not get it from your current strategic planning process. You will have to create a separate process for strategy innovation, one that is: 1. Creative 2. Market-centric 3. Heuristic (discovery-driven) Creative Strategy […]

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Tips for Handling Public Speaking Questions

Tips for Handling Public Speaking Questions

Do you know how to handle questions from an audience? This article provides nine simple steps that make you look professional, in control and in a manner that reflects on your message. How you handle questions from an audience can often be the deciding factor as to how your presentation […]

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Basic Elements of an E-business Model

Basic Elements of an E-business Model

The emerging e-business market affords companies of all sizes and types the opportunity to leverage their existing assets, employees, technology infrastructure, and information to gain or maintain marketshare. For example, in the telecommunications industry, service, rather than technology, is now the key differentiator. With lower barriers to entry, new competitors […]

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How to Select a Suitable Office Space for Your Company?

How to Select a Suitable Office Space for Your Company?

Selecting the right office space can be very critical to the performance of your company. Having an office at the right location will not only make it more noticeable to people but will also increase the reputation of your business. There are a number of factors that you must consider […]

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How to Compose an Explanation to a Complaint Letter

How to Compose an Explanation to a Complaint Letter

Verbal complaints happen anytime and everywhere but certainly, a written letter for an upper level management can ring a bell at your actual employment. When such a complaint letter is sent out to your boss due to a customer dissatisfaction or to the customer service office, it may be a […]

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How to Prepare a Good Business Budget

How to Prepare a Good Business Budget

Preparing a good business budget is an essential step for the success of any business. Not only an effective budgeting strategy influences long-term development for the company but also establishes solid relationships with other business partners and prospective customers. Sales Planning Consider the historical patterns of behavior for your customers, […]

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Basic Business Planning Strategies

Basic Business Planning Strategies

There are a number of reasons why planning is necessary: 1. The future is not an extension of the past. 2. The rate of change in the marketplace will continue to accelerate. 3. Technological progress is taking place at an extraordinary rate. 4. Regulatory issues require constant attention. 5. Population […]

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Why a Toll Free Number is Needed for any Business that Wants to Grow

Why a Toll Free Number is Needed for any Business that Wants to Grow

Toll free numbers have proven their worth in field of business most specifically in customer service and marketing. These numbers have become popular because of their ability to provide easy contact to businesses for free. It is also reinforced by the influx of high-tech communication tools such as smart and […]

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