The economic environment can be defined as the combination of all the economic factors such as, inflation, income, employment rate, etc. which affect the buying…
What Causes Change in an Organization? 10 Factors Explored
Change is constant, and change is inevitable. Change happens in every organization, and every organization is required to adapt to that change to maintain its…
The 11 Important Steps in Research Design
Research design is critical to the Market Research Process. In a previous article, we have discussed in detail about Research design and the 12 types…
Capacity Planning: Meaning, Strategies, Importance and Procedure
Capacity planning is defined as a method to gauge the production capacity needed to meet the changing product demands of an organization. Two terms of…
Difference Between Organized and Unorganized Retailing
The term retail stands for selling goods from a particular location. In the process of retailing, the job of a retailer is to play the…
Retail Marketing Mix and the 7 P’s of the Retail Mix
Retail marketing mix refers to the variables that a retailer can use in variable methods to arrive at an effective marketing strategy to attract his…
Matrix Organization: Structure, Types, Examples, and Advantages
Matrix organization is defined as a complex structure implemented by business organizations. In most cases, the business entity follows a hierarchy system but here, the…
Departmentalization: Meaning, Objectives, Types, Examples & Advantages
Departmentalization is defined as a process that groups activities into different departments. These departments are created so that tasks can be performed by specialization within…
Decision Matrix: Meaning, Examples, and How to use a Decision Matrix?
A decision matrix is defined in simple terms as a table that helps to evaluate a set of criteria against a set of options. It…
Operating Cycle: Meaning, & How to Reduce the Longer Operating Cycle?
Operating cycle is defined in terms of the average time an organization takes between spending money for operational activities and later collecting the amount of…
Matrix Management – Definition, Challenges and Types
Matrix management is defined as an organizational structure where some of the employees report to one or more than one leader at the same time….
Difference between Advertising and publicity
The difference between advertising and publicity lies mainly in their cost, control, and purpose. Advertising is a paid communication strategy corporations use to persuade potential…
SWOT Analysis of Asda (Complete SWOT Matrix and Analysis)
Asda is a popular retail industry. It is a British supermarket retailer that was formed during the year 1949 and is headquartered in Leeds, West…
Secondary Market – Examples, Types, Tools, and Players
What is the Secondary Market? The Secondary Market is where investors trade securities they already own. It is also called the aftermarket and is often…
Operational Efficiency: Meaning, Examples, and 15 Tips
Operational efficiency is defined as the ability of a business entity to deliver products and services cost-effectively while ensuring its high quality. It is also…
