Breach of trust is an act of infringement, or violation of the rules, duties, obligations, or terms of a trust or agreement. When a trustee…
The Business category consists of detailed articles on Business Management and is a great place to start your Business Journey.
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…
Bylaws – Definition and Components
Bylaws are the written rules or legally binding rules that control the internal affairs of an organization and act as operating manuals of the organization….
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…
C Corporation – Definition, Benefits and Disadvantages
C corporation is the standard corporation as per IRS rules that refers to a legal structure comprised by some corporations in which the owners or…
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…
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…
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…
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…
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…
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…
Business Ethics Definition – Importance, Examples, Role and Types
Business ethics helps in ethical decision-making by guiding about the right and wrong for a business in the situations of ethical issues, dilemmas, or controversies….
What is business? – Definition, Nature, Importance, Functions and Channelization
Definition – A Business is any entity or organization which is involved professional, commercial, industrial or charitable activities. Businesses can be both – for profit…
How to Raise Money for Charity or Fundraising?
It’s not how much we give, but how much love we put into giving – Mother Teresa Raising money for charity or fundraising is a…
Top 10 Problems for Small Businesses in 2021
Small businesses have to face innumerable challenges every day. As they have to work with a tight budget and fewer employees, these companies are the…
Social Change – Meaning, Theories, Causes, Examples, Importance
What is Social Change? Social change is a concept that explains how the relationships and interactions of people can alter social and cultural values, norms…
Public-Private Partnerships – Meaning, Advantages and Disadvantages
Public-private partnerships are the ones in which a private company funds the construction of a public project in exchange for operating profits. Public-private partnerships can be…
An Overview of Hospitality Industry – Services and Challenges
Whenever the terms ‘Hospitality’, ‘Hospitality Industry’, ‘Hospitality Industry’ are mentioned, the picture of a large, posh hotel with a scenic view, a swimming pool with…
Business Process Improvement – Importance, Steps and Methods of BPI
With an existing Business Process plan, there might be a need for revaluations, fixtures, and revamps due to reduced efficiency. Business Process Improvement or BPI…
What is Business Continuity Management or BCM?
Business continuity management (BCM) revolves around strategies, plans, and actions for crisis management, business-recovery planning, and IT disaster recovery. BCM identifies potential threats to an…
Business Process – Definition, Types, Importance, Characteristics and Steps
A business process revolves around collecting linked tasks crucial for offering products or services to the clientele in exchange for money. Business processes are essential…
Business Entity Concept Definition – Types and Benefits
According to the entity concept, a business and its owner are two separate entities in accounting. As a result, the business and the owner’s accounts…
