HOW EMPLOYEES REACT TO OVERTIME Overtime is work done beyond the regular work hours per week. Any work over forty hours per week for an hourly worker is considered overtime. Businesses with seasonal peaks, with quotas and deadlines, or with the possibility of rush orders, will at some point probably […]
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WHAT MAKES A GOOD TEAM? Teamwork is the foundation of all successful management. Managing teams well is a major and stimulating challenge to any manager, from novice to exceptional hand. A true team is a living, constantly changing, dynamic force in which a number of people come together to work. […]
HOW NON-COMPETITIVE AGREEMENTS WORK Non-competitive agreements are restrictive contracts between employers and employees that 1) prohibit workers from revealing proprietary information about the company to competitors or other outsiders or 2) forbid workers from themselves competing with their ex-employer for a certain period of time after leaving the company. Non-competitive […]
HOW MYSTERY SHOPPING CAN ALLOW FIRMS CREATE COMPETITIVE EDGE Mystery shopping is a term that describes a field-based research technique of using independent auditors posing as customers to gather information about product quality and service delivery by a retail firm. The “mystery shopper” poses as a customer in order to […]
HOW TO APPLY MARKET SHARE INFORMATION Market share refers to the percentage of overall volume of business in a given market that is controlled by one company in relation to its competitors. For example, if the total sale of a certain product in a market is $800, 000, and the […]
HOW QUESTIONNAIRES CAN AID FEASIBILITY OF A NEW VENTURE THROUGH MARKETING RESEARCH Market questionnaires are a form of quantitative, primary market research that can provide business owners with specific information about their customers’ needs. Whether conducted over the telephone, through the mail, over the Internet, or in person, market questionnaires […]
JOB SHOPS AS AN EARLY FORM OF MANUFACTURING ORGANIZATION A job shop is a type of manufacturing process structure where small batches of a variety of custom products are made. In the job shop process flow, most of the products produced require a unique set-up and sequencing of processing steps. […]
HIRING A GOOD FINANCIAL PLANNER CAN HELP SAVE A COMPANY FROM BANKRUPCY Financial planners provide individuals and businesses with investment advice and, in some cases, also manage their client’s assets. Financial planners can be particularly valuable in helping business owners to make decisions about both their personal and business finances. […]
THE ATTRACTIVENESS OF FLEXIBLE WORK ARRANGEMENTS Flexible work programs are work arrangements wherein employees are given greater scheduling freedom in how they fulfill the obligations of their positions. The most commonplace of these programs is flextime, which gives workers far greater leeway in terms of the time when they begin […]
BENEFITS OF TARGET MARKETING FOR SMALL BUSINESSES A target market is a group of customers with similar needs that forms the focus of a company’s marketing efforts. Similarly, target marketing involves tailoring the company’s marketing efforts to appeal to a specific group of customers. Selecting target markets is part of […]
