Decision makers are the people who make decisions that affect the company or organization. They have the authority to make decisions that will impact the…
Distribution Network – Definition, Examples and Benefits
What is a Distribution Network? A distribution network is a group of interconnected storage facilities and distribution methods that are used to send goods from…
Haggle – Definition and 10 Ways of Haggling
What is Haggle? The term haggle is the art of bargaining or negotiating prices. Haggling can also be seen as a way to gain power…
Destination Store – Definition, Overview, Types and Examples
What is Destination Store? A destination store is a type of retail store that is designed to be a destination in and of itself. Destination…
Blind Testing: Definition, Types and Examples
What is Blind Testing? Blind testing is a type of experimentation in market research in which participants do not know that they are part of…
Discontinuous Innovation – Definition, Pros and Cons
What is Discontinuous Innovation? Discontinuous innovation is a major innovation that creates a new market or significantly transforms an existing one. It is a type…
Coercive Power: Definition, Types, and Examples
What is Coercive Power? Coercive Power is a type of power that uses threats, force, or other forms of coercion to get an outcome. A…
Distributed Leadership – Definition, Principles and Benefits
What is Distributed Leadership? Distributed leadership is a pattern of shared leadership among individuals in an organization, typically characterized by collaborative decision-making and collective action….
Buyout – Definition, Types, Advantages and Disadvantages
What is Buyout? A buyout is a process of acquisition and an investment transaction of buying all or a controlling percentage of the shares of…
Business Tax – Definition, Meaning, Types and Calculation
What is the Business Tax? Business tax is a tax on the business income. It is a tax on the profits or capital of companies…
Buy In Management Buyout (BIMBO)
What is A Buy-In Management Buyout bimbo? A buy-in management buyout (BIMBO) is a corporate takeover in which an outside management team joins a company,…
Face to Face Interviews – Process and Tips
What is Face to Face Interviewing? Face-to-face interviewing is a type of qualitative research or data collection method in which data is collected through personal…
How to Close a Sale: 20 Powerful Closing Techniques
Closing techniques are the ways through which a sales manager, sales rep, or sales team converts a lead into a sales deal. It is a…
Hard Power – Definition, Meaning and Real world Examples
What is Hard Power? Hard power is the “ability to use military or economic coercion to influence the behavior of another state, group, political body…
Conceptual Framework in Research – Definition, Types and Procedure
What is Conceptual Framework? A conceptual framework is a description of an expected relationship between variables that are either written or visual in nature. It…
