What is Brand Differentiation? Brand differentiation creates a brand identity that sets the brand apart from competitors. Brand differentiation helps brands charge premium prices and…
Employee Empowerment: Definition, Types and Benefits
What is Employee Empowerment? Employee Empowerment is the process of providing employees with the tools and resources they need to get their work done effectively….
Ballpark Figure: Definition, Meaning
A Ballpark figure is a rough approximation of what the actual value could be. For example, a manufacturer might ask his manager- “I know we…
Book-To-Bill Ratio: Definition, Examples and Calculation
What is Book-To-Bill Ratio? Book to bill ratio is the ratio of orders received to the orders shipped to measure the demand and supply gap…
Hard Copy vs Soft Copy (Key Differences)
Hard Copy refers to a physical copy of a document, as opposed to a digital or electronic version. Hard copies are traditionally printed on paper….
E-Business: Definition, Meaning, Types and Components
E-business (short for electronic business) is the conduct of business processes on the internet. These e-business processes include buying and selling products, servicing customers, and…
Deep Pockets in Business: Definition and Meaning
In business, the term “deep pockets” is used to describe a company or individual with a lot of money. Deep pockets can be used to…
Perishability | Definition, Importance and Uses in Industries
Perishability refers to the property of certain products and services that makes it impossible to store them for sale at a later time. This means…
10 Management Styles with Pros and Cons
Management style is a concept that describes the way a person in a management position will manage employees, projects, and meetings in the organization. It includes…
What is Dress Code? Definition, Benefits & Criticism
What is Dess Code? The dress code is a set of rules governing what clothing is appropriate to wear in a given setting. Dress codes…
Employee Buyout: Definition, Pros and Cons
What Is an Employee Buyout? An employee buyout (EBO) is when a company offers its employees financial incentives to leave the company. This is often…
Employee: Definition, Types & Meaning
What Is an Employee? An employee is a person who works for an organization in exchange for compensation. Employees perform various tasks and duties assigned…
Employee Advocacy: Definition, Importance, Types and Examples
What is Employee Advocacy? Employee Advocacy is when employees use their social media platforms to share positive content about their employer. This can be in…
Employee Branding: Definition, Importance & How to Build it?
What Is Employee Branding? Employee branding is the ongoing process of promoting and communicating a company’s employment brand to both current and prospective employees. Its…
Employee Discount: Definition, Types and Examples
What is Employee Discount? An Employee Discount is an exclusive discount offered to employees by their employers and involves a reduction in the price of…
