Business

organisation. Marketing audit may highlight particular areas that required attention during business development. In order to get full picture, there are three sections that need to be take into consideration during marketing audit. Macro environment (appendix 1) is an overview of the factors that cannot be directly controlled by management actions. It is a bigger picture of the area in which business is operating and an overview of factors that impact on the organisations performance.…

Over the course of human history, we have always done business of one kind or another. From transactions in the market, to transactions in the stock exchange; business is everywhere. Business is simply the means of exchange, between two or more people. The only thing that is changed about business is how we communicate with others: the tools we use to control these same transactions. In the past we have had various ways to communicate, such as: in person conversations, letters, telegrams,…

1. Names and information on companies that are in your area of interest or have a component of their business in that area. BuzzFeed is a American Internet social media and entertainment company. They also provide th most sharebale breaking news, original reporting entertainment, and video across the social web to its gloabl audience of more than 200m. Looking for ambitious Marketing Associates to focus on BuzzFeed Motion…

Lecturer: Bernadette Power Module Code: EC2017 Date Due: 30th of July 2015 Word Count: 1,040 A business strategy is hugely important in determining the strategic position of a firm. Such a strategy must ensure the growth of the company by directing it to perform at a higher level than its competitors. The business strategy will incorporate many factors both general and particular to the business and the industry. These together will produce a plan for the company to achieve its corporate…

BACKGROUND In today’s competitive business world no organization can stand alone. All of them private companies, government or non-profit organizations create network relationships and compete with each other. One of the significant and modern ways of competing with others became the supply chain. (Christopher 2005) “Companies especially retailers are challenged with finding ways to meet ever-rising customer expectations at a manageable cost”. (Bala, 2014) In order to do that, retailers looking…

environment in the business is very vital in ensuring that business transactions are smoothly effected. Business law entails the local, state and federal laws that govern the creation and daily operations of companies. Both the employees and the employers have a responsibility in ensuring that they abide by the business laws within the business environment. For example, the employees must stick to the agreements in the employment contract and behave in accordance with business ethics. They ought…

get them confused which major they will choose. Students have to know they need to pick a field that they like or feel it is going to correspond with their skills. Business is an important major in the world, and it is identified as a critical resource for countries. As explained in an article published by Africa News Service “If business can do the heavy-lifting of creating jobs and wealth, societies can be transformed and people can lift themselves out of poverty.” Moreover, the more the…

information has a reference in the business intelligence world in capturing the data that are volume, velocity, and variety in collection of the information from consumers (Trifu & Ivan, 2016, p. 72). The challenges with storing this data are due to the size of the information, the speed or velocity of the data collection possess another challenge, and the variety of the information makes it difficult to interpret what type of information is relevant for the business (p.…

Putting eggs in multiple baskets is obviously not literal, but it paints a picture for managing a business during uncertainty and turbulence. In any situation where the future is an important focus in business, which should be always, just one prediction will not be enough most of the time. Actually, that one prediction that a manager will make about his business could very well be wrong. The future always unfolds differently. Therefore, exploring multiple predictions is a great idea. Placing…

It is inevitable that all organisations face certain risks. As pointed out by Fadun (2013), risk is a fundamental part of business because firms operate around taking risks. Risks don’t always come at a cost, sometimes taking a risk can benefit a business and increase its revenue, that is if managed correctly. According to Beck (2002), “Risk inherently contains the concept of control”. It is important that organisations acquire the correct skills in order to gain control and establish the most…