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Aug
08

What are the barriers to business communication?

Any organisation can have serious problems due to a communication gap. These gaps are formed by specific barriers which are thus the major causes of unsuccessful business communication. Exchange of information over a long distance faces various challenges. In the case of complex information, the potential barriers to business communication must be overcome in order [...]
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Aug
08

A quick look at Business Process Reengineering

Once dismissed as an “old economy” thought process, Business Process Reengineering (BPR) today, can transform business operations. It is definitely a significant development in the history of business. Proponent Michael Hammer defines this form or technique as: “The fundamental rethinking and radical redesign of the business process to achieve dramatic improvements in critical, contemporary measures [...]
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Aug
08

Motivating employees: going beyond the pay cheque

Each employee is different from the other, by virtue of their qualifications, experience, knowledge, professional expertise, expectations, and last but not the least, their motivation. It is true that a happy employee can help a company to prosper. However, that happiness or satisfaction may not be derived from one common factor, a salary. Most employers [...]
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Aug
08

SWOT analysis – a basic understanding

Any organisation, be it big or small normally operates in a dynamic environment. This environment is made of up of numerous factors which may or may not be good for the organisation in the long run. The organisation has the responsibility to identify all such factors and then adjust itself accordingly. This constitutes the dynamic [...]
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Aug
08

Why businesses succeed or fail: a study on small businesses in Pakistan – Article review

If you are studying through iQualify UK for an ABE qualification then you have free access to a database of academic journals on business topics. This is a great way to keep up to date on the latest academic thinking. One such recent article, by Shabir Hyder and Robert Lussier, investigates why small businesses succeed [...]
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Aug
08

Corporate Social Responsibility (CSR): In response to social concerns

Let’s begin with the basics. Corporate Social Responsibility, CSR, is the deliberation of social concerns and public interests in vital business decision-making. Each corporate is responsible for the impact of their actions and activities, on the environment, on their consumers, communities, employees, stakeholders, and all others, who are directly or indirectly under the impact. CSR, [...]
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Aug
08

Role of the Chairman in risk management

‘Kodak’ was a leading brand for over a hundred years. Its descent into Chapter 11 bankruptcy in 2012 represented a strategic failure to reinvent itself and a missed opportunity to adopt the very digital technology that it had itself invented in 1975. Kodak was ultimately unable to take strategic risk. Internally, Kodak saw itself as [...]
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Aug
08

Marketing myopia

If there is one article which every aspiring professional marketer should read it is ‘Marketing myopia’ by Theodore Levitt. It was written in 1960, but the fundamental point has withstood time and it can correctly be called a classic. Indeed for a long time it was given to most new MBA students on their first [...]
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