There are a number of things that can be done in order to have the best outcomes in terms of business revenue. It is important to understand the significance of different business strategies and the important role that they can play in the development of new companies. There are certain strategies that are designed for strengthening the products while others … Read More
A business cannot run without a workforce, and there are times when businesses have to see their labour leaving the company. This leads to high labour turnover rate, which is disastrous for a business. A high labour turnover can damage the reputation of the business. This is how a manager can control the labour turnover rate by taking care of … Read More
Multinationals are large scale, well-established business with their headquarters in one country and operating through a network of production plants and or branches in different parts of the world. Multinationals must not be confused with local or national businesses that operate on a limited scale catering to the needs of customers in a particular town or country respectively.
Multinationals are in … Read More
Authority represents the legitimate exercise of power which in turn is the ability to exercise influence over objects, persons, and situations. It is important to note that authority is vested in a position, not people. It is accepted by subordinates and flows down the vertical hierarchy. If authority means the right to make a decision, responsibility is the duty to … Read More
A business manager has to take care of a number of factors before planning any business strategy or implying it. There are many groups of people who have a direct interest in the decisions and the activities of a business. If a business manager wants to bring the business to success then he must take care of these stakeholders.
The labor … Read More
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