A company’s business performance is based on several criteria such as management style, customer relationship management and quality of service provided. But incentive compensation is also based on the effectiveness of the plans and employee motivation. What is the best way to define business performance? What can be improved? From performance indicators to technological innovations applied …
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 …