Market orientation is a business approach that helps businesses to prioritize and identify the needs and expectations of the customers, design and create products and services to cater to the customer needs and expectations. Business organizations that implement market orientation give special consideration to the needs and expectations of their target market. This is a […]
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Distribution management is the process uses by business organizations to oversee the movement of goods from suppliers, manufacturers, wholesalers, and distributors to the end customers. From the point of purchasing the raw material from the suppliers to providing the end product to the customer, there are many processes and activities are involved related to distribution
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Identifying the capital budgeting process and techniques is important for business organizations to discover the most profitable project or the investment out of all the available options. The capital budgeting process and techniques explain the steps an organization should follow in order to identify the project options through thoroughly analyzing the budget for the project
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Credit management is a process of granting credit facilities for the customers, establishing payment terms and conditions that allows the customers to pay their due amounts in full and on time, payment recovery activities, and ensuring the customer adherence to the business organization’s credit policy. It is considered as the business organization’s action plan to
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New product development is one of the key stages in the success of any start-up business. As a developing business or growing entrepreneurship, the business has to develop its product that they are planning to present to the market. The process of new product development can be a new product concept that cannot be seen
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Laissez-faire leadership is one of the many leadership styles that can be seen in the modern business world. With the changing business technologies and changes in employee attitudes and behavior, laissez-faire leadership plays a more independent role. Laissez-faire leadership is a type of leadership that the leaders allow the group members to make the decisions
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Identifying the advantages and disadvantages of acquisition strategy helps the business organizations to make clear decisions when getting implementing an acquisition in the business. With the increasing complexity in the business environment, the number of acquisitions that happen in the business world has increased. However, it is also identified that any businesses suffer losses due
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Business acquisition is when a company purchases all or most of another business organization’s shares to obtain control over the activities of that organization. If the company purchases more than 50% of the target business’s shares and other assets, it gains the power as an acquirer to make decisions about the acquired business’s assets and
What is a Merger? A merger is identified as an agreement between two existing business organizations to join together into one business organization. With the increasing nature of globalization and complexity of business activities, some businesses decide to join together and work as a single organization to face the competition strongly. A merger is a
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Democratic leadership is one leadership type that can be seen in modern business organizations. It is also known as participative leadership or shared leadership. Democratic leadership style is a type of leadership that motivates the members of the group or subordinates to be more participative in the decision-making process in the organizational activities. This is
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