An entrepreneur contributes to the economy by undertaking a business activity. He integrates and regulates the 5 M's, i.e., Men, Material, Money, Machine and Method. During this while, he performs some critical functions that help the enterprise to grow and succeed. In this post, we will discuss some crucial Functions of an Entrepreneur. Entrepreneur performs all the essential … [Read more...] about Functions of an Entrepreneur
Search Results for: market structure
Types of Departmentation
During the departmentation process, the organization faces difficulty selecting the most suitable 'Types of Departmentation'. In large organizations, besides the workforce, activities and processes are also diversified. As they grow in structure, managing personnel and tasks becomes challenging. Thus, selecting the correct type of Departmentation is necessary to … [Read more...] about Types of Departmentation
Departmentation
Definition: Departmentation implies an organizing process involving the horizontal division of activities and personnel into homogeneous workable units known as Departments/Divisions. It involves the organization of a large enterprise into smaller administrative units at all levels. It is performed to facilitate smooth functioning within the organization. Moreover, … [Read more...] about Departmentation
Value Analysis
Definition: Value Analysis is a combination of creative and analytical techniques, especially for cost minimization and prevention in an innovative way. Moreover, it aims to find the best method to improve the product's value, service or process without sacrificing its worth and functions. It is a problem-solving method which identifies and eliminates unnecessary costs. These … [Read more...] about Value Analysis
Divestiture
Definition: Divestiture implies the strategic move taken by the business's management which involves discontinuation of a business unit either partially or fully by selling/separating a piece of asset, service, property or product line with the motive of being profitable and streamlining operations. Simply put, the management decides to cease the operations that cannot make … [Read more...] about Divestiture
Functions of Stock Exchange
The Functions of the Stock Exchange are not restricted to just trading but are a most extensive part of the economy. Therefore, it performs many functions which are crucial for Investors, Firms and the Economy as a whole. The main function of a stock exchange is to make trading easier by assisting sellers in finding qualified purchasers for their stocks or other … [Read more...] about Functions of Stock Exchange
International Pricing
Definition: International Pricing refers to the strategic marketing activity determining the monetary exchange value of the product sold across countries. It is the flexible element of the marketing mix which can be altered easily. However, price competition in the market is a significant issue. Also, it is an essential factor in determining the following: … [Read more...] about International Pricing
Downsizing
Layoffs and Downsizing have been the talk of the town in recent years. Many big organizations are announcing massive layoffs worldwide. It impacts many people at once and leaves some adverse consequences. Here, we will understand the reasons behind adopting downsizing as a tactical move. Definition: Downsizing refers to a strategic termination of multiple employees, mainly … [Read more...] about Downsizing
Service Culture
Definition: Service culture is the organizational culture focused on creating values for both customers and employees. It signifies that every unit of the organization is committed to delivering superior customer service. Majorly, it is acknowledged in customer-centric service-oriented organizations. In addition, it is also relevant for those who are curious to know … [Read more...] about Service Culture
Reverse Stock Split
Definition: Reverse Stock Split merges companies' stocks into fewer units in the Financial Market. It is the complete converse of the Stock Split. Moreover, it is the company's strategic decision to convert the number of existing shares to fewer yet more valuable ones. The split takes place based on a predetermined ratio. It is also known as Stock Consolidation, Share … [Read more...] about Reverse Stock Split