Secondary market research gives businesses a ‘Big Picture' handle on their target audience, but from there it is vital to drill down further to obtain a more granular understanding of customers that belong to smaller demographic segments - that's where primary market research comes in. This guide by leading UK […]
Management
Important Questions to Ask in Your Next Management Meeting
In most companies attending meetings is a mandatory part of being involved in a management role. Whether you’re the CEO or just starting your career in the business world, it’s important to make the most of these meetings. When conferences and managers’ meetings are held on a regular basis, it’s […]
Proven Methods for Increasing Business Revenue
For most business owners, the thing that they think about most often is how to increase revenue for their business. Increasing revenue can benefit all areas of the business and create success for everyone involved. It is difficult for business owners, then, to avoid seeing dollar signs every time they […]
Importance of Time in Productivity and Cost Reduction
These days, managers are focusing both on productivity and reducing costs to a greater extent because of the greater levels of competition in the world. The glottalization of business has resulted in the increase of choices for customers and information about those choices. As a result, this creates less pricing […]
What do Customers Want from Their Brands this Year?
The name of the game in the intensely competitive business world is to stay updated. The year has turned and with it many new trends are already starting to emerge for customer support services in 2015. It is essential that the business owners know about these and use the call […]
Making the Most of Your Business
Whether you are just getting started with your own business or have had an established company, you are always looking for creative ways to make your business thrive. As 2015 is underway, there’s no time like the present to get the most out of your company. Follow the tried and […]
Tips for Taking Your Business International
It can be quite exciting to take your business abroad. But what if you’ve never attempted an expansion of such scale? What steps should you take for successful and profitable growth? Here are just eight tips for going overseas with your company. 1. Pick Your Market Where do you want […]
The Processes of Managerial Control
The basic elements of the control process in an organisational setting are simple and straightforward. Each of these basic components involves important managerial attention and decisions. The processes of managerial control include:Establish standards Measure performance Compare performance against standards Evaluate results (of the comparison) and, if necessary, […]
Top Tips to Make Your Retail Business Successful in 2015
Among the different types of businesses that have gained immense popularity these days, retailers own the lion's share. If you are into retail business, one of the major things that will keep you concerned is the high rate of competition in the business. But no matter what happens, you will […]
5 New Year's Resolutions for Your Business
The New Year is a time to do away with the old and bring in the new. Most people make personal New Year's resolutions, such as losing weight, saving more money, or attaining a certain promotion at work. But New Year's resolutions aren't just for people—they can also be for […]
How to Drive Greater Business Efficiency through Outsourcing
The battle between outsourcing and insourcing is one that has been waged for generations, although it has become even more keenly contested since the advent of technological advancement. More specifically, the development of remote communication technologies has made it possible for businesses to connect with service providers and freelancers from […]
Key Steps to Fire Safety for Business Owners
One of the toughest things you face as a business owner is the responsibility you have for the safety of others. Government legislation says you have to take every possible step to ensure the safety of your workforce, clientele and anyone else who walks through your door or buys your […]