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
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.
How to adjust prices or what are the different price adjustment strategies on the basis of which organization final its prices. The basic prices are adjusted by the organizations in order to deal with changing situations & customer differences. Following are the six price adjustment strategies that are employed in all over the world by different sorts of the organizations.
Before talking about the sources of recruitment, lets define what is recruitment? Recruitment is defined as the process through which potential job applicants are attracted from available labor force. It is essential for every organization to attract enough quantity of potential job applicants who possess the required aptitudes & abilities that can be helpful for the organization to accomplish its objectives. An effective recruiting process is followed by the selection of effective employees. If the best candidates are not included in the group of job applicants, then the organization is deprived off from such potential employees.
The consumer market segmentation is not confined to a single method. The market structure is best viewed by the marketer by applying different segmentation variables both in the alone form as well as in the combined form.
Before discussing the sources of power in an organization, lets discuss the power. Power is defined as the ability of an individual to influence others. Power is not limited to only managers in the organization. The employees as well as the outsiders of the organization like customers can also influence the attitudes & actions taking place in the organization. Some employees need Power to influence the actions in the organization while some of them may not need it. Moreover power is not similar to the Authority. In fact authority is contains that power that is specific for a particular position like the power of security supervisor.
There are three fundamental types of product classification which are durable and non durable products and pure services. Durable products are those products, which are used for longer period of time, such as Freezer, Car, Mobile Phones, Shoes, and TV, etc. No durable products are those products, which we need to use quickly as these products expired after some specific period of time. Such as all the vegetables, fruits, and juices, etc.