Facility management is the coordination of building operations and systems. This can include tasks such as maintenance, security, utilities, and more. Facility managers work to…
Channel Partner – Definition, Benefits and Types
Channel Partners are third-party organizations that resell or distribute a company’s products or services. Channel partners can be valuable allies in extending a company’s reach…
Common Carrier – Definition, Importance and Types
A Common Carrier is a person or company who transports goods or people for a company or individual. Common carriers are usually regulated by governments…
Channel Design – Definition, Importance, Elements and Types
Channel design is the process of identifying and selecting the most effective marketing channels to reach target customers and achieve company objectives. The goal of…
Gains Sharing – Types, Advantages and Disadvantages
Gains sharing is a type of employee incentive plan in which employees are rewarded for increasing productivity or decreasing costs. The intent of gainsharing is…
Company Culture – Types, Examples and Benefits
Company culture is the organization’s shared ideals, qualities, and characteristics. It includes the customs and traditions of the company, as well as the behavior of…
Business Markets – Definition, Characteristics and Types
The business markets are the platforms and processes of offering your goods and services to other businesses in order for them to be used as…
Bulk Buying – Definition, Tips, Sites and Disadvantages
Bulk buying is the purchase of large quantities of goods or services at a discounted price. It is usually done by businesses or organizations, in…
Chief Executive Officer (CEO) – Roles, Responsibilities and FAQs
Chief Executive Officer (CEO) is the title of the highest-ranking corporate officer or administrator in charge of the total management of an organization. The CEO…
Chain Store: Definition, Types, Advantages and Disadvantages
A chain store is a retail outlet that is part of a larger company and sells the same or similar products as other outlets in…
Communication Channels: Definition, Types and Role
Communication channels are the methods that are used to communicate, such as phone calls, text messages, emails, and face-to-face conversations. Communication channels can be categorized…
What are business metrics? 6 Important Metrics To Track
Business metrics are quantitative measurements of a company’s performance in specific areas of its business operations. Business metrics can be financial or non-financial in nature,…
What is Collective Intelligence? Benefits and Limitations
Collective intelligence is a concept that describes the ability of a large group of individuals to pool their knowledge, data, and skills in order to…
Data Warehousing – Definition, Types, Advantages and Disadvantages
Data warehousing is a process of collecting and managing data from various sources to enable more effective decision-making. Data warehouses provide a central location for…
Commercialization – Definition, Process and Strategies
What Is Commercialization? Commercialization is the process or activity through which a good or service is introduced into the market. It is also the stage…
