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, […]
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How to Advance Your International Career with a Business Masters or MBA in the UK
Find out more about how you can benefit from a business masters or MBA in the UK and how it can help improve your international career perspectives. There are many reasons why young professionals nowadays choose to study for their postgraduate programs. A career change and doing something different professionally […]
Highlight Specialty Rooms to Generate Buyer Interest
In large cities, space is at a premium. This is especially true in most large Indian cities where high population density compounds matters. An average flat may vary from anywhere between 70 square meters to about 115 square meters. Most builders plan their properties in this size range to make […]
Is it Worth Outsourcing Your Market Research to Specialized Firms?
If you are neglecting the market research aspect of your brand, you're sure to confront failure in your business. A comprehensive market research can make or break your brand. And today's complex marketplace makes it essential for business to collect, analyze and act on newest information including customer opinion, market […]
Android vs. iPhone vs. Windows Phone 8: Which is the Most Secure?
[youtube https://www.youtube.com/watch?v=xJkB8PFD-eo]The comparison between platforms to determine which is the securest in terms of privacy and hacking is nothing new. For many years, the robust security features of Blackberry had kept the job of picking a winner really simple. However, ever since it vacated the top spot on the podium, […]
Top MBA Specializations in the field of Financial Management
So, you want to pursue an MBA and manage top business organizations! Being one of the most sought after career options in the modern and fast growing Indian economy, MBA is certainly the way to go for the talented and disciplined students who have what it takes to make business […]
Strategies for Success and Business Profitability During Tough Times
Many of the strategies that were appropriate and effective in the past are no longer above reproach. In fact, we have learned over the years that the global marketplace is a dynamic place, full of turmoil; therefore, rethinking of past assumptions and engaging in out-of-the-box thinking is always required. Organizations […]
How to Use Graphs and Charts in Your Business Plan
Many people ask how many graphs or charts they should have in their business plans. As with most other business planning questions, the answer is "it depends". This article discusses the key factors influencing the number of graphs and charts to include in your business plan. To begin, the key […]
Product Oriented Organizations vs. Customer Centric Organizations
The design and implementation of a customer-oriented strategy, having as a central concept the Customer Lifetime Value (CLV), represents a very good example of a complex operation which necessitates a radical reorganization of the company. Such reorganization is not necessarily in terms of physical structure, but rather in terms of philosophy and […]
SWOT Analysis: Knowing the Business Realities
Situational analysis is simply what it says: analyzing the situation. Before leaping into any action, the sales manager must analyze the business realities to determine what the best action would be. Additionally, after the action has been completed, another analysis must be done to determine the impact of the action on all […]
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 […]
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 […]