Various Categories of Adopters are defined in the concept of diffusion of innovation. These adopter categories are the reasons that a product gets adopted and…
The Importance of Transportation Explained
Transportation is literally described as a means of carrying people as well as goods and animals from one location to another. It has been in…
21 Characteristics of Successful Entrepreneurs
Curious to know about the key personality traits of entrepreneurs? Then in this post, we will be covering essential characteristics of successful entrepreneurs that play…
12 Characteristics of Baby Boomers
Baby Boomers are also known as boomers and are a demographic group of people following the Silent Generation. The widely accepted definition of baby boomers…
Business Model: Meaning, Key Components and Types
Do you have an idea for a small business that you want to create? Well, in that case, do you think you are all set?…
The 5 Pillars Of Marketing
Pillars of marketing are the foundational elements of an effective marketing strategy. The 4Ps of marketing (Product, Price, Place, and Promotion) are the most commonly…
What are Close Ended Questions? Examples of Closed Ended Question
Have you ever come across a question where there is no possible answer than Yes or No? Well, there might be a chance that you…
Buffer Stock: Meaning, Methods and Examples
Buffering stock means the excess amount of goods that are used to manage the price fluctuation and unpredictable emergencies which occur in the market. What…
8 Features of Bureaucracy: Advantages and Disadvantages
Bureaucracy is defined as the organization and its administration that handles the everyday transactions and business of a society or a government. The term bureaucracy…
The 10 Most Important Features of Business you should know
Definition of Business: A business is an activity or organization that seeks to provide goods or services to customers in exchange for money. It generally…
The 6 Features of Centralization: Its Advantages and Disadvantages
There are two ways to operate an organization one is centralization and decentralization. These two processes are opposite to each other. In centralization, the authority…
15 Features of Culture and the Meaning of Culture
Culture is defined in various ways by various sociologist and anthropologists. Here are a few definitions of culture. E.S. Bogardus defines culture as “A way…
11 Characteristics Of Organisational Culture
Each organisation has a different culture, like the culture of different communities. People of one community follows the same beliefs, values, assumptions, and rituals. Similarly,…
Unity of Command: Meaning, Example & Its Importance
Being accountable and answerable to more than one supervisor is never liked by the employees. Unity of Command is the one business management theory that…
Unity of Direction: Meaning, Role, Benefits and Importance
Do you know about the best technique of motivating the workforce to work with uniformity and coordination to accomplish the common objectives of the company?…
