In this post, we will discuss planning, its advantages for businesses including operational and financial benefits as well as the limitations which affect planning and its impact on business success. Why should businesses plan? Planning is an essential business activity and critical to growth and expansion for organizations. It helps at proper organization and utilization … Read more
In this post, we will discuss planning and types of planning and their importance in the context of business and competitiveness. Let’s see how business use various types of planning to grow their productivity and manage various types of risks and challenges. Planning is an essential business activity. Organizations that have an effective business planning … Read more
In this post, we will discuss the 14 principles by W. Edwards Deming for effectively improving quality organizationwide. Dr. Willian Edwards Deming is renowned as a leading statistician, author, lecturer, and management consultant. Deming is hailed as the leading management thinker in the field of quality. Trained in engineering, Deming also worked as a professor, … Read more
In this post, we will discuss the external sources of recruitment. External sources of recruitment are the external sources from which companies hire people for various positions. Companies are focusing more than ever on recruiting the right employees. Having the right employees in the right positions is essential to strengthening the firm’s competitive advantage and … Read more
The role and form of leadership has changed with time based on changing industry dynamics and organizational needs. While there are several styles of leadership that leaders adopt based on the needs of the company, collaborative leadership is among the most preferred ones due to the several advantages it offers. It is a preferred leadership … Read more
Collaboration is the key to producing great work across all industry sectors. In various sectors, where the industry environment has grown highly competitive, companies are focusing on team work and collaboration to grow their growth rate and become successful. Teamwork is also considered essential to achieving fast paced innovation. Leaders across organizations strive to achieve … Read more
Employee satisfaction and happiness can be key to business success. The human resources of a company are among its more important assets and capabilities. It is why their satisfaction and happiness are key to achieving long term success. Leaders and business managers must figure out how to keep their employees happy to maintain higher competitiveness … Read more
The traditional organizational structures are changing and companies are moving from functional structures to team based organizational structures to gain higher efficiency and productivity. Leaders are focusing on teamwork across organizations to establish a healthier culture and improve the productivity of their organizations. Market dynamics have changed a lot and customer demands and preferences are … Read more
Fast changing market dynamics and business environment worldwide have forced businesses to focus on rapid innovation to grow their market share and customer base. Businesses are also focusing on redesigning themselves in order to maintain their competitiveness. Apart from the decentralization of authority and moving towards being a customer driven company, businesses are also focusing … Read more
In general, organizational structure refers to the way that individual employees and teamwork are coordinated inside an organization. It also refers to the managerial hierarchies within an organization. The organizational structure sets forth the reporting relationships and information flows within an organization. The organizational structure of a company plays a key role in shaping the … Read more