Uncertainty is a part of making business plans. But this should not stop you from creating strategic plans. This is where financial modeling comes in. Financial models do not make the future more predictable but it does help you choose between various options and prepare your business to navigate twists and turns as you implement your strategic plan.
Long gone are the days where career progression was a linear process. Globalization and the use of technology has redefined roles, eliminated certain jobs and even created new roles in an organization. Career path has become more complex and is constantly changing. So how do you move up the ladder in an ever changing workplace?
Following a set playbook might make it even harder to get sales, find new clients or hit targets. With the changing environment businesses need to be dynamic to keep up with the demands of the target audience. Given below are some tips on how you can effectively sell your product or service repeatedly.
It is often believed that more choices are better. Businesses believe in offering a variety of products ranging in colour and models in the hope that it will attract customers. It is easy to believe that more options and freedom of choice make customers happy but this is far from the truth.
No one wants to go through layoffs. But, it happens, and in a lot of cases, it is necessary for the survival of a business.
Here are 5 tips to consider when laying off an employee.
Your brand identity will help you in executing your brand strategy. Your strategy is a detailed plan that outlines exactly what you are trying to achieve and how you are going to achieve it. As such, before you dive into your brand identity, it’s important to have a fully fleshed-out strategy.
Increasing sales revenue is a key process of developing a company successfully, but doing so is not so easy. To make matters more complicated, increasing sales does not always lead to an increment in revenue. This makes even the best advertising techniques fall short of serving towards the business objectives for profit and growth.
recession can be an ideal time to invest in your business and expand it.
Such a time can offer ample opportunities for innovative and creative businessmen. Most people choose to be inactive in such dire times and hope that things get better. But a successful businessman will prepare his business for growth when the economy turns around.
Honesty is a fundamental aspect of a business because it establishes the tone for the sort of work culture that you want to build, provides consistency in workplace behavior, and creates loyalty and trust in customers and prospects.
No matter what the causes behind project failure might be, one thing is for sure, it is never easy to stop a failed project. People will often continue projects based on incorrect assumptions. Some tips that can help you to know when to pull the plug are given.
Fear is an emotion caused by the intimidation of danger, pain, or harm. No person is born with fears. Fears are learned. Fears can, hence, be unlearned by exercising self-discipline regularly about fear until it goes away.
Innovation is simply doing or making something different to meet a perceived need or gap in the marketplace. Usually, innovation involves creative thinking that escapes from a common viewpoint. It can be difficult when you are customary to something, that you cannot see it in another way. To help you gather associates and brainstorm here are five tips.
A winning product launch gives a head start in sales for your company. It is one of the few opportunities to go from gradual to exponential sales. Here are seven tips to achieve a winning product launch.
Small changes and decisions are important. Focusing on small tasks will push you in the right direction. Implementing small changes and following it regularly will ultimately help you to achieve your goal.
Corporate responsibility is when the company takes responsibility for its actions and the impact it has on the environment, society and consumers. It includes how your business is operated and managed. It also includes employee welfare and your contribution towards alleviating social problems.