Business intelligence is a system that includes procedures and technical infrastructure to leverage software and services for transferring data into actionable insights to empower strategic…
Buddy System – Definition, Importance and Responsibilities
The buddy system is a knowledge-sharing method used to hire new employees by assigning an existing employee as a buddy to a new employee to…
Bottleneck – Definition, Types and Example
A bottleneck is a situation when a production, processing, or service system reaches a congestion point where workloads arrive much faster than the system’s efficiency…
The 6 Basic Human Needs
What are Basic Human Needs? Definition: Basic human needs are defined as the drivers of people’s actions or the wants of people for living a…
Awareness – Definition, Meaning and Examples
Awareness is a state of mind where one has the consciousness of a particular situation or thing. It can also be understood as the ability…
Who is a Branch Manager? Roles, Responsibilities and Skills
A branch manager is a professional in charge of a unit or division of a large corporation, financial institution, or bank. According to the definition,…
Boomerang Effect – Definition, Theory and Examples
The boomerang effect is the opposite or negative outcome of an attempted attitude change. It occurs when you receive the unintended consequence of your effort…
Bonded Warehouse – Definition, Types and Advantages
A bonded warehouse is a secured place for imported goods (known as bonded goods) or duty payable goods for storing them closer to foreign customers…
Bonus – Definition, Importance and Types
A bonus is a financial compensation that is paid as an additional amount along with what is due. It is the appreciation money that is…
Bill of Quantities (BOQ) – Definition, Purpose, Steps and Standards followed
Bill of quantities is a document that consists of the measured specific amounts of the required items for a project, based on the drawing and…
What Is Multi-Level Marketing? Examples, How It Works & Top MLM Companies in 2025
Multi-level Marketing, often called MLM, is a sales strategy emphasizing selling products and recruitment. In an MLM strategy, salespeople are incentivized to sell inventory and…
Billing Cycle – Definition, Elements and Importance
A billing cycle is the time interval between two billing statements, in short, the time gap between the last billing date and the recent billing…
What is a Mind Map? 10 tools for Making Beautiful Mind Maps
A mind map is an easy method of brainstorming thoughts without considering or worrying about the order or structure of thoughts. A mind map helps…
Online Branding – Definition, Factors and Basics Steps
Online branding is a procedure of building the identity of any person or brand online using a website, Google, Facebook, Instagram, blog post, and other…
What is Planning? Definition, Importance and Features
Planning is the primary function of management that involves deciding the future course of action. There are several definitions of planning, but the one studied…
