You are driving late at night, tired. You can’t see anything and you don’t know where you are. You pull up your GPS before you run out of gas and aha! is the way Now you know where the path is again. Similarly, if you don’t have a guiding “roadmap” (aka business plan) you can lose business ownership. …
What is a business-level strategy? A business-level strategy is an integrated and coordinated set of commitments and actions that a firm uses to achieve competitive advantage by exploiting core competencies in a particular product market. It refers to the choices a firm makes about how to compete in individual product markets. Namely, choices matter because …
This article titled ‘Business Structure and Its Types’ is written by Mayank Shekhar and discusses the business structure and its different types. The company structure chosen affects everything from day-to-day operations to taxes and personal property risk. One should choose a company structure that strikes a balance between legal security and benefits. Introduction: Business structure …
What are the basics of business development? In simple terms, business development can be summed up as ideas, activities and initiatives that help the business become better. These include increasing revenue, growth in terms of business expansion, increasing profitability by creating strategic partnerships and making strategic business decisions. “Business Development Executive,” “Business Development Manager,” and …
See how you can make money online, plus more details on how to get paid fast. Some days you won’t have to worry about rent and credit card debt. But in the meantime you have to control your finances. In a bind? Want to make money fast? We’re not talking millions of dollars, but enough capital to …
Money makes the world go round. An economy depends on the exchange of money for products and services. Economists define money, where it comes from and what it is worth. Here are the multifaceted characteristics of money. medium of exchange Before the development of a medium of exchange—that is, money—people would barter to obtain the goods and …