WHAT FACTORS DRIVE CUSTOMERS’ PURCHASING POWER? (PART 1)Don't MissManagement by Bernard Taiwo - November 29, 2022December 15, 20220 WHAT FACTORS DRIVE CUSTOMERS’ PURCHASING POWER? (PART 1) Many companies make the mistake of thinking their customers make purchase decisions based on one or two purchase factors that they think are key purchase criteria, such as price or product availability. But this is rarely the case. Customers usually base their purchase
KEY GUIDELINES IN SELLING A BUSINESS (PART 2)Editors PickManagement by Bernard Taiwo - November 29, 2022December 15, 20220 KEY GUIDELINES IN SELLING A BUSINESS (PART 2) Many business owners eventually decide to sell their companies, though the reasons for such divestment vary widely from individual to individual. Some owners may simply wish to retire, while others are impatient to investigate new challenges - whether in business or some other
KEY GUIDELINES IN SELLING A BUSINESS (PART 1)Don't MissManagement by Bernard Taiwo - November 23, 2022December 15, 20220 KEY GUIDELINES IN SELLING A BUSINESS (PART 1) Many business owners eventually decide to sell their companies, though the reasons for such divestment vary widely from individual to individual. Some owners may simply wish to retire, while others are impatient to investigate new challenges - whether in business or some other
FRAMEWORK FOR DETERMINING WHAT TYPE OF BUSINESS ALLIANCE IS REQUIREDEditors PickManagement by Bernard Taiwo - November 17, 2022December 15, 20220 FRAMEWORK FOR DETERMINING WHAT TYPE OF BUSINESS ALLIANCE IS REQUIRED The framework for determining what type of business alliance is needed is a high-level framework and can be determined by answering the five questions listed in Figure 1. Each question is reflected in a separate step in the framework, with the
FRAMEWORK FOR DETERMINING THE NEED FOR A BUSINESS ALLIANCEManagement by Bernard Taiwo - November 15, 2022December 15, 20220 FRAMEWORK FOR DETERMINING THE NEED FOR A BUSINESS ALLIANCE Defining “Alliance” The definition of the word “alliance” varies from executive to executive, company to company, and industry to industry. Companies that have entered into alliance don’t necessarily agree on what is meant by “alliance”. The fact is that there are many different
HOW TO CRAFT EMPLOYMENT CONTRACTSEditors PickHuman Resources by Bernard Taiwo - November 11, 2022December 15, 20220 HOW TO CRAFT EMPLOYMENT CONTRACTS Employment contracts are written agreements between an employer and an employee that detail the workplace duties and responsibilities of the employee and the compensation that the employer provides in return. Employment contracts typically lay out the wages, bonuses, vacations, medical leaves (including maternity/paternity), stock options and
FUNDAMENTALS OF WORKPLACE PRIVACYDon't MissHuman Resources by Bernard Taiwo - November 8, 2022December 15, 20220 FUNDAMENTALS OF WORKPLACE PRIVACY Employee privacy issues have surged to the forefront of the business press in recent years, spurred by the changing workplace dynamics and a litigation-conscious business environment. Observers say that advances in telecommunication, coupled with heightened concerns about vulnerability to litigation, have exacerbated management concerns about monitoring employee
EMPLOYEE LEASING PROGRAMSDon't MissHuman Resources by Bernard Taiwo - November 4, 2022December 15, 20220 EMPLOYEE LEASING PROGRAMS Employee leasing programs are arrangements in which businesses lease their employees through an outside contractor that attends to the various personnel-related activities commonly associated with human resources management. Employee leasing programs have become particularly popular among small- and mid-sized companies, who view leasing as: a viable option for
HOW TO AVOID CONSTRUCTIVE DISCHARGE LAWSUITSEditors PickHuman Resources by Bernard Taiwo - November 1, 20220 HOW TO AVOID CONSTRUCTIVE DISCHARGE LAWSUITS The term “constructive discharge” describes a situation in which an employee is forced to quit a job because the employer has made working conditions intolerable. Working conditions may be considered intolerable, if, for example the employee is discriminated against or harassed, or if he or
