Bargaining power is defined as the ability of parties to influence each other. It is an essential part of the negotiation, and the party with…
Top 15 Essential Sales Manager Skills you Should Know
A Sales manager should possess several Sales Manager Skills that are going to help them, the employees, and the company. Most of the work in…
What is Sales Margin? and How to Calculate it
Understanding your sales margin is like having a compass in the wilderness of business. It guides you, pointing out profitable paths and warning you about…
Organizational Climate Definition – Types and Characteristics
Organization climate is defined as the element of a professional environment that has a strong influence on the action and performance of the employees working…
Differences between Paraphrasing and Summarizing
What is paraphrasing? Paraphrasing is defined as a style where the author uses his words to explain and express the idea of someone else. The…
Role-Playing: Definition, Objectives and Importance
Role-playing means pretending to be someone else, and this is why it is also known as pretend-play. It is effective as well as a flexible…
10 Meeting Etiquette Rules and Tips you Should Know
Meetings are an essential part of the professional world. If you are looking for why is meeting etiquette important, then the answer is that the…
What is Organizational Communication? And Why it is Important
Organizational communication can be defined as a method of conveying and sharing information such as organizational goals, plans used to achieve those goals, policies, rules…
What is Design Thinking? Importance, Advantages & Key Elements
Design thinking can be understood as an iterative procedure in which problem-solvers endeavor to recognize the requirements of the clients/users, challenge their suppositions, and reclassify…
10 Ways to Build Great Customer Relationships Explained
Customers are the life-blood of any sort of business model, and that is why paying heed upon customer relationships is an inevitable and often highly…
What is Customer Acquisition? Definition, Steps, Channels, Calculation & Strategies
Customer acquisition is the practice used to bring in new customers by identifying, targeting, and converting prospective customers. Successful customer acquisition refers to generating leads,…
Flextime Definition – Terms, Instructions, Pros and Cons
Flextime revolves around a non-customary work-scheduling practice that permits full-time employees or workers to pick their specific entry and exit times inside some specific limits…
Critical Thinking: Definition, Skills and Ways to Improve
The ability to think better by improving thinking skills with the help of rational observations, logical interpretations, and objective analysis is understood as critical thinking….
What is Downsizing? Definition, Working and Examples
Downsizing alludes to the processes involved in reducing the operational expenses of a business by reducing the size of the workforce and opting for plant…
What is Casual Employment? Definition and Importance
In a casual employment setup, an employer offers a job to an employee when it is needed, just for a limited time. Companies hire casual…
