Wondering how to write a mission statement? Think of your favorite cake recipe! It should stay true to company’s core values much like to cake’s foundation!
business planning
What is a Mission Statement
People ask: What is a Mission Statement? It’s like a company’s map, where they explain their goals and how they are going to achieve them. And a bit more.
How to Wear your Six Thinking Hats in Business Management
There are six thinking hats in business and you should look at this as a way to help you to better understand how to make your business run more smoothly.
How CATWOE helps in Business Analysis and Decision Making
CATWOE, one of the best analytical tools for business stands for customers, actors, transformation process, worldview, owners and environmental constraints.
How the Coffee You are Drinking Might be Helping You with Vertical Integration
What is vertical integration? How Best Buy and Starbucks use vertical integration? What are the benefits to vertical integration and who is it not good for?
How Value Chain Analysis Can Help You Plan for a Party
Value chain analysis looks at the things that are most valuable to a company and helps improving in those key areas. This is just like you planning a party!
How to Use Strategic Management to Make Your Future a Success
Strategic management is about managing the ship. Hold your staff responsible, make a plan and focus on the company’s mission statement and goals.
What is Horizontal Integration? Definition and Examples
Horizontal integration is about merging together companies that have something in common. Read its benefits based on an analysis of the fast food industry.
The 14 Principles of Management
Theorist Henri Fayol published 14 Principles of Management in 1914 and also introduced 6 primary functions of management, which complement the Principles.
Internal Factors that May Affect the Business Organization
Internal factors that may affect the business organization include innovation, financial and operational factors along with strategic and employee risks.