If you’re thinking that the 5 Whys mean you have to say why five times, no, not exactly. The 5 Whys in business is a process that you would actually use to help you to find out the real root of a business problem and ways to fix it. Sometimes in business, managers can spend so much time in the boardroom, discussing the potential problem and discussing what might have … [Read more...] about The 5 Whys As a Practical Tool to Solve Business Problems
Walmart
Walmart PESTLE Analysis
Walmart is a popular department store and online retailer. It’s so popular, you likely have at least one store twenty minutes (or less) away. Founded in 1962, Walmart now has thousands of stores located within the United States and worldwide. Walmart’s aims offer discounted products — everything from yarn to beer is available down its many aisles. Or you can find even more … [Read more...] about Walmart PESTLE Analysis
SWOT Analysis of Walmart
Are you a fan of Walmart? It’s always in the news or the butt of online jokes. People go for the low prices, but they rather not stay. Despite Walmart being a household name, regarded all over the world, mentioned in movies, and discussed openly online, it has its fair share of strengths and weaknesses. This SWOT analysis of Walmart discusses the company’s strengths, lesser … [Read more...] about SWOT Analysis of Walmart
What is a SWOT Analysis? 2 Examples of What It’s Used For
If you're wondering what is a SWOT analysis, don't worry. It doesn't mean that the FBI or the police are doing an analysis of the situation! It actually has nothing to do with SWAT in that sense, because that particular SWAT is s.w.A.t.. The SWOT that we're talking about and referring to is s.w.O.t., which stands for strengths, weaknesses, opportunities, and threats. While … [Read more...] about What is a SWOT Analysis? 2 Examples of What It’s Used For
How to Wear your Six Thinking Hats in Business Management
No, this doesn't mean you need to think with your baseball cap on, but it does mean that you need to think and prioritize with your business to make sure that you are successful. There are six thinking hats in business analysis and you should look at this as a way to help you to better understand how to make your business run more smoothly. A lot of companies that are growing … [Read more...] about How to Wear your Six Thinking Hats in Business Management
How CATWOE helps in Business Analysis and Decision Making
If you ever heard of the term CATWOE, no, you don't have to worry about it being a depression that cats go through or a time when cats are upset. It's something completely different. CATWOE is an acronym or a series of letters that make up a word. It's used as a business term and if you look at the six different letters, they stand for: customers, actors, transformation … [Read more...] about How CATWOE helps in Business Analysis and Decision Making
Constructing a SWOT Model for Business Analysis
A SWOT model is a way to look at a SWOT analysis. SWOT analysis is based on strengths, weaknesses, opportunities and threats. This is also sometimes considered a SWOT matrix or SWOT table. When people look at a SWOT analysis breakdown on paper, it looks like a box with four squares. The first box has strengths and next to that are weaknesses. The bottom left would be … [Read more...] about Constructing a SWOT Model for Business Analysis