Business process management is the inclusion of methods and systems used for discovering, modeling, analyzing, measuring, improving, optimizing, and automating business processes. Business process management…
The Business category consists of detailed articles on Business Management and is a great place to start your Business Journey.
Business to Government (B2G) – Definition and Advantages
Business to government B2G is the business model that refers to the relationship between a business and government agencies and institutions. In this, businesses sell…
Brick and Mortar – Definition, Meaning and Examples
Brick-and-mortar is a traditional business model that incorporates a physical store where customers can physically come and purchase the items of their choice. Brick and…
Cash on Delivery (COD) Definition – Examples, Pros and Cons
Cash on delivery (COD) is a payment method in which payment for an order is collected when the associated product is delivered to the customer….
Cash Discount – Definition, Advantages and Disadvantages
A cash discount is a reduction offered by a seller at its product’s price when the buyer makes payment right away or within the given…
Business Operations – Definition, Importance and Tips
Business Operations are a wide variety of activities that a company does on a daily basis to keep it functioning and profitable. Therefore, businesses make…
Capital Intensive – Definition, Advantages and Disadvantages
Capital intensive is the processes or industries that need enormous capital investments in plants, tools, machinery, etc to create products or services in high volumes…
Business Banking – Definition, Importance and Characteristics
Business banking is the financial interaction of a business with a banking institution or financial institution that offers different banking services like business loans, savings…
Business Incubator – Definition, Importance and Types
Business incubators are the programs, companies, or workspaces especially designed to help young startups or new ventures get access to all the resources and services…
Business Expenses – Definition, Examples and Types
Business expenses are the expenses or the costs incurred by a business for running all its operations. It is the money spent for the ordinary…
Business Economics – Definition, Features and Types
Business economics is an applied economics field that utilizes economic theory and quantitative methods for planning and implementing business practices. An economic theory includes different…
Business Impact Analysis – Definition, Importance and Types
A business impact analysis is a disruption analysis process used to determine how interruptions or disruptions may impact the critical business processes or key business…
Business Angel – Definition, Characteristics and Types
A business angel is a wealthy individual who invests his or her money in the initial phase of a business by taking an equity stake….
Business Writing – Definition, Principles ,Types and Tips
Business writing is a type of written business communication used in a professional setting by defining the reader, then purpose, and finally providing information that…
Business Strategy – Concept, Elements and Examples
A business strategy is a plan of action or an outline of steps developed by an entrepreneur to achieve certain business goals and objectives. It…
Bidding – Definition, Types, Examples and Tips
Bidding is a competitive offer or price tag that an individual or business sets to compete for the contract of an item, asset or project…
Business Process Outsourcing – Definition, Benefits & Types
Business process outsourcing is an outsourcing method or subcontracting method that lets a company employ third-party service providers or third-party vendors for carrying out one…
Bootstrapping – Definition, Process and Examples
Bootstrapping is the process of building a company or establishing a business from the ground up just by using personal savings. It is the process…
Business Intelligence – Definition, Importance & Advantages
Business intelligence is a system that includes procedures and technical infrastructure to leverage software and services for transferring data into actionable insights to empower strategic…
Bottleneck – Definition, Types and Example
A bottleneck is a situation when a production, processing, or service system reaches a congestion point where workloads arrive much faster than the system’s efficiency…
Who is a Branch Manager? Roles, Responsibilities and Skills
A branch manager is a professional in charge of a unit or division of a large corporation, financial institution, or bank. According to the definition,…
Billing Cycle – Definition, Elements and Importance
A billing cycle is the time interval between two billing statements, in short, the time gap between the last billing date and the recent billing…
Consumer Products – Definition and 4 Types
Consumer products are the final goods that households or individuals purchase for their personal use and not for any other economic production activities. Consumer products…
Backward Compatibility – Definition, Working and Examples
What is Backward Compatibility? Definition: Backward compatibility is defined as a feature of software or hardware when their new version keeps operating with the present…
Bartering – Definition, History, Benefits and Disadvantages
What is Bartering? Definition: Bartering is defined as an act of exchanging goods or/and services between two or more parties without using any monetary medium…
Top 19 Strategies for Businesses With Examples
The strategies for businesses refer to the decisions that a business has to take, and subsequently, the actions it performs to accomplish organizational goals and…
Acceptance Criteria – Definition, Uses and Features
What are Acceptance Criteria? Definition: Acceptance criteria are defined as the pre-established conditions that a software product development team needs to fulfill, so they can…
Bayes’ Theorem – Definition, Formula and Applications
What is Bayes’ Theorem? Definition: Bayes’ theorem is defined as a theorem that helps us calculate the probabilities of the event as per the prior…
What is Business Case? – Meaning, Structure and Template
If you want to optimize your business projects’ chances to meet their objectives, then your project management should be supported by sufficient buy-in from the…
Stakeholders – Definition, Categories and Types
Stakeholders can be understood as an individual, group of people, members, or any organization that get affected by the result of an associated project. Stakeholders…
What is Sourcing and Why Is It Important for Businesses?
Sourcing revolves around the practice of searching out and finalizing businesses or individuals for fulfilling specific criteria. Sourcing in the business is associated with the…
Technology Transfer – Overview, Types and Working
Technology transfer revolves around the practices that channelize the movement or flow of technology, designs, data, prototypes, inventions, materials, software, etc. from one organization or…
Top 15 Family Owned Businesses in the World
As per the study, around 35% of the top companies listed by Fortune are family-owned businesses. These family-controlled businesses are responsible for 64% percent of…
Best Practices – Definition, Importance and Examples
Best practices are the methods that are accepted as better or superior to other available methods for solving any issues or problems, and that is…
Mediation Services – Overview, Critical Elements and Process
Mediation services are used for addressing and resolving workplace disputes. The office of Mediation Services (MEF), being a part of the Internal Justice Services (IJS)…
20 Successful Business Leaders Leading The World Today
Like the huge empires that flourish in their times and collapse later, all businesses have a blooming phase before seeing their ruins. Businesses come and…
Karoshi – Japan’s Death by Overwork
What is Karoshi? Karoshi is a Japanese term that means death by overwork. It is a fact that professional overburden has become a serious issue…
Ethics in Finance – Meaning, Importance and Code of Ethics
Ethics in Finance talks about financial behavior or activities that are ethically right or wrong. Business ethics that are followed by financial institutions, financial services,…
Self service technologies – Definition, Meaning and 10 Examples
SST or Self Service Technologies enable users or customers to enjoy a service without even interacting with any service providers. With the help of Self…
Industrial Relations – Meaning, Importance, goals and Scope
Industrial relations involves the study and strategies necessary for analyzing the connections and communications amongst management and employees of an organization. Its practices are involved…
