Entrepreneurs are individuals who create their own business, often to improve their lives or help others. They often break the rules by creating innovative products, services, or processes. Aside from the benefits that entrepreneurs offer the economy, their contributions also…
A business strategy is a set of plans and actions that are designed to achieve specific goals and increase profitability. It is the foundation for improving efficiency and competitiveness, and helps departments work together. The most effective strategies focus on…
Unlike business to consumer selling, business to business selling involves selling goods and services to another business. In general, the dollar value of a business to business transaction is higher than that of a business to consumer transaction. This is…
Several types of small businesses are employed in the United States, including retail operations, food preparation, photography, tradespeople, and service operations. These companies vary in size and revenues, but they all have one thing in common: they employ fewer workers…
Increasingly, people are able to identify social challenges and create innovative solutions. This is referred to as social entrepreneurship. The purpose of social entrepreneurship is to create a lasting, positive change in the world through business. Typically, social entrepreneurs address…
Whether your organization is small or large, there are certain elements that you must consider when designing an organizational structure. Organizational design can make your business more efficient and profitable. It can also increase your customer satisfaction and make your…
Often associated with the term design, industrial design is a professional discipline that focuses on the design of products and processes, with an emphasis on form, functionality and usability. Industrial designers work with engineers, marketers, manufacturing staff, and other professionals…
Managing your company’s employees can be a thankless task. This is why companies hire consultants to handle the heavy lifting. Whether you’re looking to improve employee morale or streamline operations, a management consultant can help. For example, a consultant may…
Basically, management is the process of planning, controlling and implementing the efforts of a group or organization towards a specific goal. This includes the use of resources, such as natural or human resources, to achieve the goals of an organization….
Developing a strategic plan involves a number of steps. These steps include gathering information from the internal and external environment. They also involve involving employees in the planning process. The plan will help the organization set priorities and achieve its…