KEY ELEMENTS OF A BUSINESS PROPOSAL Business proposals are documents that attempt to persuade targeted clients to buy a particular service or products. These documents, which are used in academia and government as well as business and industry, nay range from relatively short (a few pages) proposals to “formal” documents...
Business
WHY BUSINESS PLANNING IS IMPORTANT FOR BUSINESS SUCCESS …Key steps in the planning process Business planning, also known as strategic planning or long-range planning, is a management directional process that is intended to determine a desired future state for a business entity and to define overall strategies for accomplishing the...
HOW INCUBATORS FACILITATE BUSINESS SURVIVAL Business incubators are business assistance programs that provide entrepreneurs with an inexpensive startup environment and a range of administrative, consulting, and networking services. In essence, these programs, which may be managed by econo0mic development agencies, local governments, for-profit businesses, or colleges and universities, serve as...
WHY BUSINESS APPRAISERS FAIL Appraisers are agents who establish the value of businesses, personal property, intellectual property (such as patents, trademarks, and copyrights), and real estate through a process known as valuation or appraisal. The demand for valuation of business for business enterprises has increased in the last decades in...
BARRIERS TO SUCCESSFUL BENCHMARKING CAN HINDER BUSINESS SUCCESS Benchmarking is the practice of identifying, understanding, and adapting the successful business practices and processes used by other companies (or even other departments within the same company) to increase your own business success. It is a business strategy that is used by...
HOW BATTERING PROCESS STRATEGY MOTIVATE BUSINESS GROWTH Battering is the exchange of goods and services among businesses. This practice may be undertaken by single businesses, but in recent years many companies that choose to batter have joined organized battering networks that offer memberships to firms in a variety of industries....
KEYS TO SUCCESSFUL SUPPLIER RELATIONS Good purchasing practices are integral to business success, and few factors are as vital in ensuring sound purchasing methodologies as the selection of quality suppliers. Indeed, finding good suppliers and maintaining solid relations with them can be an invaluable tool in the quest for business...
WHY SMALL BUSINESSES CAN EMBRACE REMANUFACTURING Remanufacturing is a process where a particular product is taken apart, cleaned, repaired, and then reassembled to be used again. Many different types of products can go through this process, including auto parts, tyres, furniture, laser toner cartridges, computers, and electrical equipment. Essentially, any...
WHY NEW PRODUCT DEVELOPMENT IS ESSENTIAL FOR BUSINESS SUCCESS Product development is the process by which a company does one of two things: 1) create an entirely new product that either adds to an existing product line or occupies an entirely new niche; 2) modifies or updates an existing product....
HOW ADEQUATE SECURITY PROVISION CAN PROTECT OFFICE AND EMPLOYEES Office security can be broken down into two main areas: 1) protecting your office and employees from vandalism, theft, and personal attacks; and 2) protecting your office from corporate sabotage both from inside the company and out. The first area deals...
