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Communication Between Functions is Vital
Download this PDF Written By Leyla Hussein
Download this PDF Written By Leyla Hussein
Working in a management role can be a tough job. Not only do you have to look after your team and please them, but you have to keep those above you happy too. This can cause complications at times when handling your subordinates, how can you manage them in order to reach the company goals?…
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Any company wanting to succeed should be reviewing and analysing their markets constantly. This is how you spot any trends and other changes in the industry. One major factor which can change your market entirely can be the threat of new entrants or a change within an existing competitors market strategy. Your competitors are companies…
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In any business, you will already have an idea of who your ideal target market is, but how thorough was your research? Do you know whether your current market is your target? Do you know their demographics and psychographics? Are you supplying a lucrative demand? You should know these answers. Why do you Need to…
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Your workforce drives your business. Whether you have just taken on a new employee in your company or need to expand the skills in any existing team; – training your staff in accordance with your company culture supports their overall job satisfaction. Why Train your Staff? Training your employees allows for more accurate and successful…
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When setting up your business you need to create your vision, goals and objectives that you intend on achieving. Accomplishing these objectives are what determine whether your outlook on your company is realistic or not. Furthermore, these objectives are what your company and its workforce work towards achieving and so should be clear and understandable.…
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It is essential for all businesses to have a realistic, working business plan. It is not only used to monitor your performance and to align your workforce but can also be a useful document to secure external funding. What is a Business Plan? In detail, a business plan is a written document that describes a business,…
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Why Contingency Plans are a Must Running a business comes with a lot of stress and can get even more complicated when it grows. Not only do your costs increase, but your workforce and competitors can too. Business can be unpredictable and there are always occasions where the unexpected can and will happen. It could…
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Supply and Demand refer to the balance of what a business can deliver and what the target market wants. There are several variables which can affect this equilibrium – the main factors being Price and Quantity. The selling price of a service or product will be pre-determined by how much suppliers will charge you to…
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