One of the primary elements of organizational strategy, or business planning, is understanding where you stand as an organization. SWOT analysis is an acronym for organizational Strengths, Weaknesses, Opportunities & Threats...
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What is Supply Chain Management
In a sentence, supply chain management is a broad set of approaches that seek to minimize cost, while meeting service level requirements of...
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Different Types of Business
There are 6 different types of businesses, or ways to set a business up...
Dimensions of Service Quality
There are 5 dimensions that customers use to evaluate the quality of service. These dimensions are generally used to establish levels of...
What are the Components of a Business Plan
There are 8 primary components of a business plan; Executive Summary, Business Overview, Management Team, Industry Analysis, Marketing Analysis, Operations Plan, Financial Plan, and a risks section...
Barriers to Market Entry
The business environment is as challenging as... people are fickle, technological advances are perpetual, and the only...
How To Mail Merge with Outlooki
This is a word document that I am sending using the mail merge function in MS Word. The file will be sent using MS Outlook. You can also add images to...
An Explanation of Economies of Scale
In management we all want to increase throughput, improve productivity, and drive the cost per unit down. In logistics and supply chain management a major emphasis is placed on increasing volume, or throughput, to reduce the cost per unit...
What is Elasticity of Demand?
Elasticity of Demand is a topic reviewed in good ole’ economics. In short, elasticity of demand refers to how sensitive or responsive consumers are to price...
Business Plan Examples
Each plan starts with an Executive Summary, but this is the last section that gets written. Below you will notice the first page I guide you to is the Executive Summary, from there you can follow to the next sections in the...
