HOW MENTORING WORKS FOR SMALL BUSINESSES In many large corporations, formal systems of mentoring have been established over the years. They are designed to quickly involve new employees in the work at hand, and to strengthen the workforce in much the same way that other team-building strategies are designed to...
Month: March 2021
WHEN EVALUATING COST/BENEFIT ANALYSIS Cost/benefit analysis is the exercise of evaluating an action’s consequences by weighing the pluses, or benefits, against the minuses, or costs. It is the fundamental assessment behind virtually every business decision, due to the simple fact that business managers do not want to spend money unless...
HOW TO ESTABLISH AND MAINTAIN ETHICAL STANDARDS OF BEHAVIOUR IN A SMALL BUSINESS Entrepreneurs and small business owners wield great influence in determining the ethical philosophies of their business enterprises. Employees often follow the lead of the owner in executing their duties and attending to their responsibilities, so it is...
