Management

Strategy Innovation vs. Strategic Planning
Business 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 […]

Basic Elements of an E-business Model
Management

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 […]

How to Prepare a Good Business Budget
Management

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, […]

Basic Business Planning Strategies
Management

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 […]

The Formal and Informal Aspects of Project Management
Management

The Formal and Informal Aspects of Project Management

There are two main types of project management: formal and informal. Formal project management supposes generating of well-crafted plans and implementing them while informal management is concerned with coordination and motivation of staff to achieve general objectives Formal project management Formal project management involves strategic planning of projects, which is […]

The Basics of Business Management
Management

The Basics of Business Management

The term management can be viewed from two different perspectives. It can be used to refer to the coordination of all activities necessary for a business to achieve its set objectives through maximum utilization of available resources. It can also be used to refer to the persons bestowed […]