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…
Business Articles
The Business category consists of detailed articles on Business Management and is a great place to start your Business Journey.
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…
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…
Boomerang Effect – Definition, Theory and Examples
The boomerang effect is the opposite or negative outcome of an attempted attitude change. It occurs when you receive the unintended consequence of your effort…
Bill of Quantities (BOQ) – Definition, Purpose, Steps and Standards followed
Bill of quantities is a document that consists of the measured specific amounts of the required items for a project, based on the drawing and…
Billing Cycle – Definition, Elements and Importance
A billing cycle is the time interval between two billing statements, in short, the time gap between the last billing date and the recent billing…
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…
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…
Ethics in Finance – Meaning, Importance and Code of Ethics
Ethics in Finance talks about financial behavior or activities that are ethically right or wrong. Business ethics that are followed by financial institutions, financial services,…
Top-Line – Definition, Calculation and Strategies For Growth
Top-line is the revenue or gross sales of the company. That is why when the company refers to growth as top-line growth; the company is…
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…
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…
Implied Terms vs Express Terms – Importance and Differences
The terms of the employment contract, which are not necessarily written, are called implied terms. Usually, these are the terms conveyed orally but are nevertheless…
Board Of Directors: Definition, Structure and Types
A board of directors is referred to as a group of individuals that represent the interest of the shareholders. They are elected by the shareholders…
What are the Basic Ethical Standards in the Workplace?
Ethical standards are used for establishing the behavioral parameters that business-owners and senior-level managements expect from their employees, suppliers, and other stakeholders. Maintaining ethical standards…
Business Model of Education Explained
The business model of education revolves around different processes of facilitating learning or procuring skills, knowledge, beliefs, habits, or values. Education is indeed one of…
Business Model Canvas Explained (with Benefits and Usage)
Business Model Canvas is a strategic management template or the structure of a business plan. It enables you to enlist all the building blocks related…
Business Model of Amazon and How Amazon Makes Money
The business model of Amazon revolves around industries related to E-Commerce, Cloud Computing, Artificial Intelligence, Digital Distribution, Consumer Electronics, and Self-driving Cars. Amazon’s business model…
What is the Main Business Model of Insurance Companies?
The business model of Insurance Companies channelizes through revenue generation by putting money on risk. They bet on the risk that their policyholders will not…
Business Model of Microsoft & How Does Microsoft Make Money?
Microsoft, an American multinational technology company, is the leading company of technology in the world. The business model of Microsoft develops, designs, supports, licenses, and…
Revenue Model and Business Model of IndiaMART Explained
IndiaMARTInterMESH Ltd. began in 1996 when cousins Dinesh and Brijesh Agarwal opened a business-to-business (B2B) portal by the name of IndiaMART.com to directly connect Indian…
Business Model of Restaurant Explained (with Restaurant SWOT)
Restaurant business model revolves around designing, development, and channelization of an eatery business that prepares and serves food and drinks to the users inside the…
Business Model of Twitter & How Twitter Makes Money Explained
As an American Social Networking and Micro-blogging service, Twitter is a popular and the most utilized social media platform, which was created by Jack Dorsey,…
Business Model of WeWork (and How it Makes Money) Explained
The business model of WeWork revolves around being a commercial real estate company that offers shared workspaces for technology services, start-ups, and other types of…
What is Business Storytelling and Why it is Important for Business?
Business storytelling is storytelling with a purpose to establish a professional connection or to achieve a goal. Storytelling is an essential aspect of human life,…
Business Model of Big Basket and How it Makes Money
Founded in the year 2011, Big Basket Business Model revolves around Online Grocery Delivery Services that deliver grocery goods found in home essentials, convenience stores,…
Business Model Of Byju’s – How Byju’s Makes Money?
The business model of Byju’s revolves around Edtech (educational technology), distance education, and m-learning services. Rated as the most valued edtech company of the world…
Business Model Of MakeMyTrip
Business Model of Make My Trip revolves around online travel services. Different products incorporated by MMT or Make My Trip are Booking flights, hotels, holidays,…
Social Capital – Definition and Types
Social capital is defined as the goodwill or positive outcome acquired by a firm over a period of time through human interaction. It includes both…
Succession Planning – Definition, Steps and Principles
Succession planning is defined as a strategy that identifies, develops and retains future leaders in an organization. It is actually a systematic process that creates…
Guide to Confidentiality In The Workplace
Confidentiality in the workplace talks about not sharing, discussing or disclosing confidential information of your business with anyone outside of your company. Such confidential information…
10 Ways to Increase Business efficiency
If you want to optimize the performance and productivity of your business, you need to increase business efficiency along with the growth strategy of the…
Outsourcing – Definition, Reasons, Tips, Pros And Cons
Businesses continuously look for ways to increase their productivity and to minimise business expenses. Out of those several ways, one of the most commonly used…
Localization vs Internationalization – Differences Between Them
Localization and Internationalization – These concepts sound familiar, but they are very distinct from each other. These activities are referred to like the one in which…
Cost Efficiency – Meaning, Components, Analysis and Steps
Cost efficiency is the ration of the cost to the output. In terms of an organization, it is every business’s objective to lower their expenses….
