Ansoff Matrix is the main tool used by organizations to evaluate their strategic growth and performance. This is also known as the Product/ Market expansion grid as it is used by the organizations to plan and analyze their growth strategies. This matrix talks about four strategies that can be used by any organization to analyze …
Accounting is a broad field which helps almost all the organizations in the world to maintain their finance. Several Accounting concepts have been introduced to the subject to make sure the accounting done by all the organizations and individuals are following the same procedure and techniques. In this article, let’s have a closer look at …
A strategy is a long-term direction for any organization to achieve its goals and objectives. Based on nature three main branches of strategy can be identified. The branches of strategy are important for managers in making effective and successful decisions. Apart from that, the branches of strategy can be used finding solutions for practical strategic …
Many types of business ownership styles can be seen in the current business world. sole proprietorship is the most basic and the most common type of business that can be seen. These are the businesses with single-person ownership and the business type that can be considered as the oldest type of business and the simplest …
08 Characteristics of a sole proprietorship business Read More »
Out of all the business styles that can be seen in the modern business world, sole proprietorship businesses and the partnership businesses are the most commonly seen in the world. Due to the simplicity of formation and minimal legal supervision encourages the investors to form a single owner or partnership business. If anyone is willing …
Strategic Management has become one of the most important topics in the business industry. All the organizations are operating to attain a specific goal that is decided by the management. To achieve these goals, there should be a proper link between organizational activities and the organizational environment. Strategic management is creating and managing the link …
After entering the market, any business has to go through several phases which will increase and decrease the business’s revenue and sales. Business Cycle explains six major phases any usual business would go through. The rise and fall of the product output levels can be identified through the business cycle. This can be identified as …
06 Phases of the Business Cycle : What shapes the economy Read More »
PESTLE analysis is one of the most commonly used environmental analysis methods in the business industry. The environment is one key aspect of any organization’s success or failure. The organizational environment can be divided into two main components namely, internal environment and external environment. The internal business environment is about the organizational activities and the …
PESTLE Analysis : 06 elements that make or break any organization Read More »
The world is built and developed with products and services. Just like humans and any other living being on earth, products also have their product life cycle. The product life cycle is the lifetime of the product in the market. Having a piece of proper knowledge about the product life cycle is very important for …
The business industries are growing exponentially. The increase of technology and the growth of businesses are creating important discussion topics in the industry. Triple Bottom Line (TBL) concept is one such important topic that has been considered as useful in modern businesses. The environmental pollution is increasing every day and the living conditions gaps between …
