Business Process Reengineering (BPR) can be defined as a process of analyzing and redesigning the entire business process of an organization in order to improve…
Process Control: Meaning, Objectives, Types, Importance, and Advantages
Process control is defined as an activity that ensures a process is steady, predictable, and constantly operating at the set level of performance with the…
Profit Center: Meaning & How to Measure the Performance of Profit Center
A profit center is defined as an integral part of a business entity that makes identifiable contributions towards the organization’s coffers. It is a separate…
Profiteering: Meaning, Types, Examples, and Why is Profiteering wrong?
Profiteering is defined as an activity that helps to generate an unreasonable amount of profit through sales of essential products during times of emergency. The…
Quality Circle: Meaning, Features, Objectives, Structure, and Techniques
Quality circle is a participant management method in which a team of employees works towards solving and defining a problem that is related to the…
Job Evaluation: Meaning, Objectives, Features, Methods, and Limitations
Job evaluation is an approach to determine the worth of one specific job about other positions in a company and even across an industry. The…
Reference Check: Meaning, Purpose, Precautions, and Disadvantages
A reference check is defined as a process that an employer adopts to gather information about someone he is interested in recruiting. He takes help…
Performance Appraisal Process: Meaning, Types, and Objectives
The performance appraisal process is defined as a process under which periodic assessment is undertaken to evaluate the performance of an employee. The input by…
Structured Interview: Meaning, Types, Questions, Process and Advantages
A structured interview is defined as a standard interview that has been researched in advance and includes a set of same questions and that too…
Servicescape: Meaning, Examples, Elements, Approach, and Roles
Servicescape is defined as the physical environment where a service can take place. It helps to analyze and identify the impact of a good environment…
Sensitivity Training: Meaning, Steps, Examples, Tips, and Importance
Sensitivity training is defined as an unorganized meeting that is held between a few members away from their workplace to gain a better insight into…
Situational Leadership: Meaning, Styles, Characteristics, and Advantages
Situational leadership is defined as a model or theory where the leader puts its onus on empowering the followers to get the job done. The…
Shadow Pricing: Meaning, Examples, Advantages, Uses, and Limitations
Shadow pricing is defined as allotting a monetary value to a current intangible item that does not yet have a market of its own to…
Business Model of WhatsApp and How does WhatsApp make money?
In this article, we have analyzed the the Business Model of Whatsapp in depth. WhatsApp is a communication and messaging service that lets users send…
Cycle Time: Meaning, Significance, Production Process and Formula
Cycle time can be defined as the total time required for completion of a job, task, or activity. In other words, cycle time can be…
