Business Management

04 Main Principles of Total Quality Management

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Total Quality Management has a major focus in the modern business world. The principles of total quality management help organizations to align their total quality management processes with the organization’s vision, mission, goals, and objectives. there are 08 main principles of total quality management that can be identified in the modern business world. 01. Focus …

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Responsible Innovation: Meaning and the Importance

Responsible Innovation: Meaning and the Importance

Innovation management is one of the most highlighted topics in the modern business world. With the increase of the importance of innovation management, the importance of responsible innovation also has increased. As innovation is considered as one of the most interesting areas for entrepreneurs to capture the market and push boundaries of creative innovation. This …

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Key Elements of the Innovation Management System

Key elements of the innovation management system

The innovation management system is one of the main factors that can decide the success of modern organizations. As innovation becomes a key element of business development, organizations are putting more effort to adopt new innovative methods for their business processes. With the increase in the importance of innovation management, it is important to identify …

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Brand Attitude and Its Importance to the Purchase Intention of Customers

Brand Attitude and Its Importance to the Purchase Intention of Customers

Brand attitude is the customer opinion towards a product or a service identified through a conducted market research. Branding carries major importance in the success of any product or service in the market. As it works as a unique identifier for a product in the market, allowing customers to identify the product from all the …

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Importance of Business to Business Services (B2B)

Importance of Business to Business Services (B2B)

Business to business services (b2b) is considered as the latest trend of growing business through technological advancements. The technology and business concepts are evolving rapidly with the industrial developments. New ways of doing business and new market opportunities are getting identified each day in the modern business world. Business to business (b2b) services are one …

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Objectives of the Human Resources Management

Objectives of the Human Resources Management

Human resources management is an important process that has major importance for the success of any organization. Objectives of the human resources management can be varied from organization to organization. However, the type of objectives that any organization is planning to achieve through a competent human resources management process shows major similarities. The objectives of …

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Entrepreneurship and Creativity – An Innovative Perspective

Entrepreneurship and Creativity

Entrepreneurship is about creating new businesses by using unmet possibilities in the world. Entrepreneur builds new businesses by taking advantage of the available opportunities. When creating new businesses, the entrepreneur should have to face many risks throughout the entrepreneurial journey. Importance of entrepreneurship Entrepreneurs are known as people who see the things that other people …

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Strategic Alternatives: 04 Main Types of Strategies

Strategic Alternatives

Strategic alternatives are long term plans that businesses develop to set their direction. When setting the organizational direction, the human and organizational resource availability will be considered and the goals will be set based on the resource availability. Generally, analysis methods such as SWOT will be used when building the strategic alternatives of an organization. …

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The e-Commerce Industry and its Effects on Society

The e-commerce industry and its effects on society

The E-commerce industry is one of the most popular business industries in the modern world. Its popularity and importance are getting higher day-by-day due to the increase in technological advancements. The E-commerce industry provides a virtual facility where the goods and services will be displayed for the customers to purchase and complete a transaction through …

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