Porter’s 5 Competitive Forces

Market forces are a significant force in shaping strategies. Examples of market forces include:Existing competitionThe entry of new competitorsRivalry among competitorsThe threat of substitutesBargaining power of buyers and suppliersCurrent economic conditionsGlobal market changesHow well the organization is positioned for growth andChanging customer expectationsPorter’s Five Forces Model is a framework for understanding strategic business decisions by… Continue reading Porter’s 5 Competitive Forces

RADPAC Model of Negotiation

Negotiation involves two or more people talking together to reach an agreement. In this post on Negotiation Techniques, we will look at one of the most common negotiation models – the RADPAC Model. It’s often used in business because it provides a structured approach for achieving an agreed-upon outcome. The most important thing to remember about… Continue reading RADPAC Model of Negotiation

Typical Roles, Responsibilities, and Competencies of People in Management Positions

Management positions are responsible for the overall operation of a business. Typically, managers have responsibility for one or more of the following areas: product development, production, marketing and sales, personnel management, finance, human resources, information technology, operations, customer service, quality control/assurance, research and development, etc. Skills such as leadership, communication, problem-solving, etc., can help executives perform… Continue reading Typical Roles, Responsibilities, and Competencies of People in Management Positions

Organizational Design

Organizational design is the process of designing the structure of an organization. This includes deciding who does what, where things happen, and how decisions get made. In this blog post, I will explain different types of organizational designs and their advantages and disadvantages.1. Functional Organizational StructureA functional organizational structure has a clear division between functions. For… Continue reading Organizational Design

Garvin’s 8 Dimensions of Quality

In 1987 David Garvin suggested that there are eight dimensions to quality. These eight dimensions are performance, features, reliability, conformance, durability, serviceability, aesthetics, and perceived quality.  They are the things that make it stand out from its competitors and give it value. These are the things that differentiate your business from others in the marketplace.  Let’s understand each of… Continue reading Garvin’s 8 Dimensions of Quality

Stakeholders Analysis

Stakeholder analysis is a process used to identify key players who could affect the success of a project. This includes both internal and external parties. This blog post will look at stakeholder analysis and how it can be applied to projects.Who are the Stakeholders?The stakeholders in your project are those people or groups that are interested… Continue reading Stakeholders Analysis

Brainstorming Guide

Brainstorming is a method used to generate ideas. In general terms, it involves having a group of people come together to discuss a topic and then collectively produce solutions.Brainstorming BasicsAs the name suggests, brainstorming is a process in which people are brought together to form groups and generate ideas. Brainstorming is considered a great way… Continue reading Brainstorming Guide

Factors Affecting Customer Satisfaction

Customer satisfaction is an essential part of running a successful business. It’s also a critical factor in determining whether or not customers return to your store or service center. In fact, according to research conducted by The Customer Satisfaction Index, companies who score high on customer satisfaction tend to see higher profits. So, what exactly does… Continue reading Factors Affecting Customer Satisfaction

Roles and Responsibilities of a Quality Assurance (QA) Manager

Quality assurance managers play an integral role in ensuring that quality standards are met throughout the production process. They ensure that the product meets the customer’s expectations and complies with all relevant regulations. A quality assurance manager ensures that the company adheres to all applicable laws and regulations, including health and safety, environmental protection, and consumer… Continue reading Roles and Responsibilities of a Quality Assurance (QA) Manager

Team-building Techniques

Team building and participation of all team members is an essential part of running a successful business. It helps employees get along better, builds trust between team members, and creates a sense of unity. Here are some of the benefits of team-building activities. • Team building activities are fun and engaging. • They help people understand each… Continue reading Team-building Techniques

Team Empowerment

Team Empowerment: Building a Strong Team and Setting Them Up for SuccessThe team is the most crucial part of any organization. It’s what makes an organization successful or not. The success of your business depends on how well you can build a strong team that works together to achieve common goals. If you have a… Continue reading Team Empowerment