If you are a growing business that is dependent upon your IT systems, then in all probability, you’ll be faced with situations when you need some sort of support. You can either have a small in-house support team to take care of any IT issues or opt for an outsourced on-demand IT support service. Which […]
How eCommerce Companies Can Cut Costs in 2021
2020 was a challenging year for all types of businesses, including some eCommerce companies. Although some eCommerce companies saw an increase in purchases, particularly those that sell essential goods like groceries, others lost potential customers who cut down on luxury spending because of decreased or lost income or fear of losing their job. To ensure […]
What Are Cloud Services and How Do They Help Business?
The concept of a cloud has firmly entered the lives of ordinary people. The need for local hard drives and other storage devices is no longer important. Business owners are increasingly turning to cloud providers to deploy or migrate their IT resources. In this article, we will explain what cloud services are, and how they […]
Value Grid Analysis
A traditional Value Chain involves a linear sequence of activities—from conversion of raw materials into components which are assembled into products. The products are then distributed, marketed, sold, and serviced. Management plans and execute strategies and operations based on this sequence. This set of activities worked well for organizations in the past. However, this linear […]
Best Practices Transfer Program: Its Significance in Driving Productivity and Becoming a Learning Organization
Most large organizations, nowadays, are determined to foster change and become agile. Transforming into a learning organization is what they aspire to become. To this end, they are reforming their structures, facilitating shared services operations, and enabling a streamlined core. The main role of the streamlined core is to enable knowledge transfer across departments and […]
10 Useful Online Small Business Management Tools
Whether you run a small business or a major corporation, you will know that with so much going on, it is difficult to keep things from turning to chaos. However, there are some great business management tools that make a huge difference to the running of your business. Some make life so much easier and […]
5 Need-to-Know Fleet Maintenance Best Practices
If your business relies on a fleet of vehicles in any capacity, naturally, you need to ensure your fleet is properly maintained. Effective fleet maintenance can help you save money, limit downtimes, better serve your customers, and guard against accidents. That’s why it’s important to not only leverage an effective fleet management solution, but to […]
Authority Bias in Marketing
American social psychologist Stanley Milgram conducted a series of controversial experiments in the 1960s that studied the impact of authority on the obedience of his subjects. Milgram postulated that human beings have a “deep-seated duty” to authority and tend to comply when requested by an authority figure. He called it “authority bias.” While the results […]
The Benefits and Adoption of Cloud Computing in Supply Chain Activities (2021)
Even great products or services fail to save businesses if you don’t reach customers on time. It is where supply chain activities come in. Not that the industry always had the best of efficient supply chain systems. There were always some “clouds of doubt” relating to its efficacy. But the good part is, the advent […]
What Are the Differences between Invoice Financing and Invoice Factoring?
Invoice financing and factoring both provide great solutions for cash flow problems, but they do differ slightly in terms of structure and how payment is collected. So what are the differences and what’s the best option for your business? What’s invoice financing? Invoice financing allows businesses to access funding to help manage cash flow. Simply […]
How to Be a Leader, Not Just a Manager
Are you looking to take on a new role managing a team? Or are you looking to hone your leadership skills? Either way, this article provides you with helpful information on how you can be a leader and not just a manager to your team. Have Clear Values Make your values clear from the start […]
3 Decision Making Models of Human Decision Making Process
How do people make decisions? Do they always follow a rational linear process to come to a conclusion? Studies have suggested that the traditional Decision Making model—commonly known as the Rational Decision Making Model—does not explain the whole ambit of Decision Making. People, including managers of organizations, arrive at decisions using a variety of routes. […]
