HOW TO CREATE A SUCCESSFUL EMPLOYEE SUGGESTION SYSTEM The term “employee suggestion system” refers to a variety of efforts businesses make to solicit and utilize input from their employees in hopes of achieving cost savings or improving product quality, workplace efficiency, customer service, or working conditions. These range from simply […]
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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 […]
STEPS TO DEVELOPING A WORLD-CLASS BUSINESS Becoming a world-class business is not a simple process, and requires effort and commitment from the entire organization. Developing a strategy is essential if world-class status is to be achieved. World-class is a concept difficult to define. However, an acceptable working definition is that […]
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 […]
A NATION’S FUTURE AND EXAMS MALPRACTICE MENACE From isolated petty cases in past years, cheating in examinations has now reached massive dimensions, casting doubt on the integrity of our educational system. There was a time in which examination malpractices were relatively unknown – when children were brought up with good […]
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 […]
HOW TO CONSTRUCT A LETTER OF INTENT A letter of intent is essentially a document that summarizes the major ingredients of a proposed transaction, including the price, payment method, and important target dates (for contract signing and closing). In most cases, the letter of intent is not legally binding, but […]
HOW TELEMARKETING CAN BENEFIT BUSINESS PRODUCTIVITY Telemarketing is the process by using the telephone to generate leads, make sales, or gather marketing information. Telemarketing can be a particularly valuable tool for small businesses, in that it saves time and money as compared to personal selling, but offers many of the […]
WHY SEED MONEY IS ESSENTIAL FOR PROSPECTIVE ENTREPRENEURS Seed money, or seed capital, is the financing an entrepreneur needs in the very early stages of launching a new business. It gets its name from the idea that early stage financing plants the seed that enables a small business grow. Obtaining […]
KEY COMPENSATION PLANS FOR SALESFORCE The sales commission is a method of compensating salespeople for the services they provide to their employer. Under the so-called “straight” commission arrangements, the salesperson receives a previously agreed percentage of the revenue brought in by a sale that he or she makes. Commission arrangements […]
