Many types of business ownership styles can be seen in the current business world. sole proprietorship is the most basic and the most common type of business that can be seen. These are the businesses with single-person ownership and the business type that can be considered as the oldest type of business and the simplest […]
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Out of all the business styles that can be seen in the modern business world, sole proprietorship businesses and the partnership businesses are the most commonly seen in the world. Due to the simplicity of formation and minimal legal supervision encourages the investors to form a single owner or partnership business. If anyone is willing
08 Characteristics of a partnership business Read More »
Strategic Management has become one of the most important topics in the business industry. All the organizations are operating to attain a specific goal that is decided by the management. To achieve these goals, there should be a proper link between organizational activities and the organizational environment. Strategic management is creating and managing the link
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After entering the market, any business has to go through several phases which will increase and decrease the business’s revenue and sales. Business Cycle explains six major phases any usual business would go through. The rise and fall of the product output levels can be identified through the business cycle. This can be identified as
06 Phases of the Business Cycle : What shapes the economy Read More »
PESTLE analysis is one of the most commonly used environmental analysis methods in the business industry. The environment is one key aspect of any organization’s success or failure. The organizational environment can be divided into two main components namely, internal environment and external environment. The internal business environment is about the organizational activities and the
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The world is built and developed with products and services. Just like humans and any other living being on earth, products also have their product life cycle. The product life cycle is the lifetime of the product in the market. Having a piece of proper knowledge about the product life cycle is very important for
Product Life Cycle : 4 main stages Read More »
The business industries are growing exponentially. The increase of technology and the growth of businesses are creating important discussion topics in the industry. Triple Bottom Line (TBL) concept is one such important topic that has been considered as useful in modern businesses. The environmental pollution is increasing every day and the living conditions gaps between
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SWOT analysis is a strategic tool used in analyzing organizational Strengths, Weaknesses, Opportunities, and Threats. Every organization that is operating with the aim of survival and profit orientation is keen to analyze its internal and external organization to identify the pros and cons of the organizational environment. The SWOT analysis was introduced by a management
SWOT analysis : 4 aspects Read More »
Porter’s five forces framework was introduced by Michael E. Porter in 1979. This is a common tool used in analyzing business competition. This helps to identify five main forces that shape the competition n every industry and helps to discover the industry’s strengths and weaknesses. Porter’s five forces framework is a main tool used by
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Employees are considered as the most important asset in any organization. Since the organizations identified the importance of human capital, the importance of employee motivation has become a key discussion point in organizational management culture. Employees are the key function that can drive any organization towards success. Based on the contribution of the employees to
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