SWOT analysis is a strategic planning tool employed to analyze the strengths, weaknesses, opportunities & threats included in any business venture, project or even in any particular situation. Actually, SWOT analysis first time used by Albert Humphrey, who performed a research project in 1970 at Stanford University. SWOT analysis (Strengths, Weaknesses, Opportunities, and Threats) is a special game changer technique that lets one to plan ahead for his business by keeping the strengths, weaknesses, opportunities and threats of the particular field in mind.
Archives for October 2015
Importance of Money for Organizations:- The need for money is quite clear to everyone as it has the capacity to fulfill the different needs of people. So the importance of money in the organizations is quite important as it is used as a motivational tool for triggering the Performance of the Employees. Moreover, besides basic needs, there are many diversified needs that can be satisfied through money. The importance of money is to prove and increase the personal identity of people along with the self perceptions. No doubt, today money has great importance in human’s life and in business it is just like a blood running in our bodies.
Are you looking for examples of marketing strategies, which are followed freely in all over the world. When the organization decides to target the entire market, then it adopts one of the marketing coverage strategies. But before selecting any particular strategy, the organization must properly Segment the Market. For this purpose, there are certain factors that should be considered like
The pay linked with the qualified or quantified work performed by an individual is called pay for performance. Performance for pay plan consists of variable pay plan in which a portion of the pay of an employee is put at some risk for the purpose of earning some extra pay. On the other hand in gain sharing plan, all or a group of employees make collective efforts to accomplish the productivity goals so that they can avail group incentives. Another form of stock option provides the opportunity to buy the stock of organization in some future time.
The human resource management in an international business plays a significant role at the strategic level. The executive manager of the human resource management in an international business actually acts a decision maker & strategic partner of the business organization. The complete comprehension of the overall global system is essential, so that the productivity of the employees of the entire organization is maximized. The human resource must also be global in nature in relation to its global organization.