THE ELEMENTS OF DECISION MAKING Decision making is a vital component of business success. Decisions that are based on a foundation of knowledge and sound reasoning can lead a company into long-term prosperity; conversely, decisions that are made on the basis of flawed logic, emotionalism, or incompetent information can quickly […]
HOW WORKPLACE INTERCULTURAL COMMUNICATION CAN ENRICH BUSINESS GROWTH The term “Intercultural Communication” is often used to refer to the wide range of communication issues that inevitably arise within an organization composed of individuals from a variety of religious, social, ethnic, and technical backgrounds. Each of these individuals brings a unique […]
KEYS TO SUCCESSFUL EMPLOYEE STRIKES MANAGEMENT An employee strike is an episode wherein a company’s work force engages in a work stoppage in an effort to elicit changes from its employer in such areas as wages, benefits, job security, and management practices. Strikes are typically engineered by labor unions often […]
HOW TO DESIGN EMPLOYEE REWARD SYSTEM In a competitive business climate, more business owners are looking at improvements in quality while reducing costs. So, while businesses need to get more from their employees, their employees are looking for more out of them. Employee reward and recognition programs are one method […]
EMPLOYEE BENEFITS AND SMALL BUSINESS Employee benefits encompass a broad range of benefits – other than salary – that companies provide to their employees. Some of these benefits, such as workers’ compensation, social security, unemployment insurance, are required by law. The majority of benefits offered to employees, however, are bestowed […]
WHY FINANCIAL ANALYSIS IS IMPORTANT FOR BUSINESS Financial analysis is an aspect of the overall business finance function that involves examining historical data to gain information about the current and future financial health of a company. Financial analysis can be applied in a wide variety of situations to give business […]
FINANCE COMPANIES Commercial finance companies have in recent years become a favorable option for entrepreneurs seeking small business loans. These institutions generally charge higher interest rates than banks and credit unions, but they also are more likely to approve a loan request. Most loans obtained through finance companies are secured […]
THE EVOLVING CHARACTER OF FACILITY MANAGEMENT t Hu Facility management is defined as the coordination of the physical workplace with the people and work of an organization. It integrates the principle of business administration, architecture, and the behavioral and engineering sciences. In the most basic terms, facility management encompasses all […]
ELEMENTS OF COMPETITIVE ANALYSIS Competitive analysis is the practice of analyzing the competitive environment in which your business operates (or wishes to operate), including strengths and weaknesses of the business with which you compete, strengths and weaknesses of your own company, demographics and desires of marketplace customers, strategies that can […]
STEPS TO IMPLEMENTING ENDORSEMENTS AND TESTIMONIALS Endorsements and testimonials are modes of advertising in which a business utilizes the statements and /or support of outside individuals or organizations in order to increase consumer interest in the product and /or services it sells. The term “endorsement” tends to be more frequently […]
