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Market Power – Definition, Meaning, Factors And Abuse
Market power is defined as the ability of an organization to manipulate the price of a product or service in the market by influencing the demand and supply levels directly or indirectly. It is...
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The 10 Objectives Of Communication
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 sleep on. With the help of proper communication, information can be...
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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 single speck of doubt about the fact that having a proper status symbol is essential for...
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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 your products or services. This...
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Income Elasticity – Concept, Examples, Types and Benefits
In case you want to measure the relationship between the sales of any product or service and variations in consumer income, then Income Elasticity will help you do so with ease. In any market niche,...
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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 the sharing creates regular part times for...
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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 real. Employees appreciate the security that comes with a steady job...
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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 the process of learning development...
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11 Ways to Deal With A Bad Boss
The quote Boss is always right may seem like few simple words at the onset of your career but as time passes by the employee starts realizing that it was created by a frustrated employee who had to...
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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 be understood as the interaction or...
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Consumer Credit – Definition, Meaning, Advantages, Disadvantages
Consumer credit can be defined as a personal debt given to individuals for the purchase of goods and services. Under consumer credit, the money required for the purchase of the product is paid in...
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Direct Response Marketing – Definition, Techniques, Benefits
Marketing is an integral part of every business, no matter whether it is small or big. Companies adopt different methods of marketing to create awareness about their products. However, in the present...
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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 that take place in each step. The concept is also...
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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 part of an industry and looking for ideas to...
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Collective Bargaining – Meaning, Types, Theories, Importance
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, which is settled by negotiation...
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Comparative Advertising: 6 Steps to Creating Better Content That Converts
Would you like to double your annualized revenue in half-a-year? That’s exactly what I did for the early-stage startup Decibite. I was able to double their annualized revenue (+127%) in large part by...
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Organisational Politics – Definition, Meaning, Reasons And Effects
Definition of organisational politics Organisational politics is referred to the self-interest and agenda of an individual in an organisation without any concern about its impact on the objective of...
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Organizational Patterns – Definition, Meaning And Types
Definition The organizational pattern is a process that assists in structuring and organizing your ideas, thoughts, speech as well as a presentation for optimal impact. The link between effective...
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Organizational Leadership – Definition, Meaning, Tips, Styles, Importance
Definition Organizational leadership is defined as the ability of an individual or a leader to support the people around him and guide them towards achieving the goal of an organization. The leader...
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Flat Organizational Structure – Definition, Meaning, Characteristics, Advantages
Definition of flat organizational structure Flat organizational structure is defined as an entity where the top management is in direct contact with the front-line salespeople, employees at the floor...
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