WHY BLUE-CHIPS OUTPERFORM OTHER INVESTMENTS A blue-chip stock is one that is well-established, financially sound, and historically secure. Blue-chip companies are those that have a history of posting earnings and paying dividends, all while continuing to increase profits. While there will always be fluctuations in markets, and all companies go […]
HOW BARRIERS TO MARKET ENTRY UNDERMINE BUSINESS GROWTH Barriers to market entry include a number of different factors that restrict the ability of new competitors to enter and begin operating in a given industry. For example, an industry may require new entrants to make large investments in capital equipment, […]
GUIDELINES FOR BALANCING WORK AND FAMILY IN HOME-BASED BUSINESSES Owners of home-based businesses face unique challenges in the realm of achieving a desired work/family balance. Whereas small business owners who commute to their place of business everyday are usually freed from child-rearing responsibilities for the duration of their time there, […]
ORGANIZATIONAL CHARACTERISTICS THAT ENCOURAGE INTRAPRENEURSHIP Intrapreneurs are employees who work within a business in an entrepreneurial capacity, creating innovative new products and processes for the organization. Intrapreneurship is often associated with larger companies that have taken notice of the rise in entrepreneurial activity in recent years; these firms endeavor to […]
KEYS TO A SUCCESSFUL HOME-BASED BUSINESS A home-based business is any enterprise for which the principal administrative and managerial activities take place within an individual’s personal residence. People start home-based business ventures for a wide variety of reasons. For example, some people are forced to leave the corporate world as […]
WHY CASUAL DRESS POLICIES CREATE POTENTIAL PROBLEMS IN COMPANIES Although casual business attire tends to be a popular option among employees, some companies encounter problems implementing casual dress policies. Many problems arise when companies describe their dress codes using vague words like “appropriate,” “professional,” and “businesslike,” without spelling out a […]
HOW TO MINIMIZE THE RISKS IN DELEGATING A TASK Understanding the risks involved in delegating a task will help you to anticipate problems and monitor progress. So form contingency plans, take action to reduce risk, and intervene in good time before minor problem lead to major failure. Monitoring Risks When […]
HOW TO MONITOR PROGRESS OF DELEGATES For delegation to be successful it is vital to havean effective and responsive system of controls. Use them to monitor delegates and the progress of the assignments. Working With Controls A good monitoring system consists of a rein and tight hand. You can always […]
HOW TO ENSURE EFFECTIVE BRIEFING Once you have reached an agreement in principle, refine the brief and organize a detailed briefing meeting. Select your approach carefully, since the outcome of the meeting is vital to the success of the partnership between delegator and delegate. Communicating a Brief The delegator’s primary […]
HOW TO SECURE A BRIEF AGREEMENT IN PRINCIPLE Agreeing a brief in principle with your proposed delegate involve contributions from both sides. You must motivate the delegate and confirm their suitability, while the delegate has to understand the brief and consider whether they can take on the task. Using The […]
