Business Management

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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Innovation Management – An Introduction

Innovation management - An introduction

Innovation management is considered as a combination of management processes, innovation, and change management. It involves product or service, business process, marketing the product, and organizational innovation. The initial concept of innovation management was put forward by an Austrian economist Joseph Schumpeter in around the 1930s. According to him, innovation is considered a significantly important …

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The Ethical Perspective of Business Outsourcing

The Ethical Perspective of Business Outsourcing

It is important to explore the ethical perspective of business outsourcing concept as is argued that there are both pros and cons in outsourcing external parties for business activities. Outsourcing is the organizations’ practice to hire an outside individual or a company to get a task done without assigning it to internal employees. This habit …

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Business Process Automation (BPA): Definition, Advantages, and Disadvantages

Business Process Automation

Business Process Automation is a modern business concept that evolved with the increase of technology use in the business industry. It is also known as digital transformation. This concept enables the organizations to replace the manual efforts for one or more business activities and execute the tasks using technology.  Usually, this method is used for …

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Advantages and Disadvantages of Outsourcing

Outsourcing is a modern business practice of hiring an outside party to get a part of the business process done. There are many advantages and disadvantages of outsourcing that can be seen in real-life scenarios of outsourcing. These advantages and disadvantages of outsourcing are helpful for organizations to decide whether to hire or not external …

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07 Advantages of the Triple Bottom Line

Triple Bottom Line is an accounting concept introduced to the business industry. It is important to identify the advantage of the triple bottom line concept for any organization to realize why they should start accounting based on this concept. The advantages of the triple bottom line concept can be identified both from the organization’s perspective …

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