Definition The process of arriving at a joint decision between two parties is called collective bargaining. The internal disputes between the employer and the employee,…
Niche Marketing – Definition, Meaning, Advantages, Ideas
Marketing is an essential part of the business. Companies use various marketing strategies to attract customers and to boost their sales. If you are also…
Process Analysis – Definition, Meaning, Objectives, Advantages
Process analysis is defined as a breakdown of a process into step-by-step phases that are used to describe and convey the output, input, and operation…
What is Direct Response Marketing? Definition & Examples
Direct response marketing is a type of marketing strategy that instantly connects with high-quality prospects and compels them to an immediate and favorable response. Direct…
Group Communication – Definition, Role, Advantages And Disadvantages
When an interaction occurs amongst the different members of a group, it is termed as group communication. When it comes to businesses, group communication can…
9 Strategies To Manage Poor Performance
Performance and productivity are interlinked and interdependent as the former leads to the latter. Organizations pour a large amount of money, time and effort in…
Job Security – Definition, Meaning, Threats, Advantages
Job security is defined as a belief that an individual will keep his job. This is only a probability and can be both perceived and…
Job Sharing – Definition, Meaning, Examples, Advantages
Job sharing is defined as an alternative work schedule where two employees share the responsibility of one job voluntarily. This is a full-time position, and…
Key Account Management – Meaning, Strategy, Stages
Before understanding key account management, let us understand the phrase key account. In business terms, Account is a customer who gives you business by purchasing…
What is a Status Symbol? Factors, Meaning and Examples
Do you know what is a status symbol is? Well, would you want to know about it in the best way? There is not a…
What are Objectives Of Communication with 10 Examples
If there is one thing that is true in the world of business, then it is the fact that communication is something that you cannot…
Market Power – Definition, Meaning, Factors And Types
What Is Market Power? Market power is a company’s ability to set industry prices, regulate profit margins, and market entry hurdles for new competitors. Monopolies…
What is Labour Turnover? Definition, Causes And Effects
Definition: Labour turnover is defined as the ratio of the number of labour or staff who leaves an organisation to the total number of the…
Talent Management – Definition, Meaning, Strategies, Importance
Talent management is defined as a critical process that ensures that a firm has the best quality as well as quantity of human resources at…
Blake Mouton Managerial Grid – Advantages And Disadvantages
There are a lot of different types of leadership styles or grids for various purposes to fulfill. Perhaps you’d be aware of some of them…
