Flowcharts can be the key to creating solid and understandable business plans. They are used to analyze business plans and help you make decisions regarding processes. However, for your flowchart to be efficient, you need to ensure that it is designed meticulously. Unfortunately, some organizations fail to utilize the full potential of flowcharts because of
International studies published in 2021 have stated that entrepreneurial behavior is preceded by entrepreneurial intention, which in turn is preceded by entrepreneurial competence. Entrepreneurial competence is determined by certain rare personality traits. These personality traits are therefore determinative of whether an individual or individuals start a business. Entrepreneurial Personality Traits According to these studies, personality
The problem of climate change can’t be solved by governments alone. If businesses want customers and resources to stick around for future generations, they need to invest in a livable planet as well. E-commerce giant eBay has already taken up the mantle of building a sustainable business through sustainable commerce. Their platform has encouraged reused
Virtually everything in the manmade world around us is produced by factories, but many of them are behind the times utilizing older technologies that are not sustainable for the environment and the overall unpredictable needs of today’s society. The global pandemic has had a profound impact on manufacturing. Considering supply chain disruption, delivery delays, increasing
Can anyone really say that the business world is fair and equitable for all? Before you answer, think about who’s currently keeping the kids in school and taking care of many household duties. In many households, many of these roles often fall to the woman of the house. This doesn’t always leave a lot of
When businesses experience growth, with rising revenue and profits, it feels like a time of success and high morale. But this may also prove to be a challenge, as mismanagement of the growth may prevent the full realisation of benefits which accompanies growth. Mismanagement may also prevent future growth. According to a Fed study, roughly
Choosing the most appropriate structure for one’s company is difficult, and there are extra factors to consider for any licenced professional (e.g. lawyers, accountants or architects). Limited Liability Companies (LLCs) are one of the most popular types of business entities. This structure is often chosen for its simplicity and the numerous benefits it offers, such
Times they are a changing. Such is the way of the world as well as in the workplace. Never before did we see a dramatic change so suddenly thanks to the global pandemic. And just when we thought that we might have seen a light at the end of the tunnel, the delta variant and
Is this the year that you’re actually ready to start your own business? Why not? The pandemic has changed a lot of how the world works, so it’s quite possible that your time has come. So what’s the first step? Thinking of exactly the right business name that can shine out there to the world.
Many organizations end up making decisions based on what would commonly be thought of as intuition or from the gut. These decisions might be emotional and irrational had they been presented with all the facts. Let’s learn about becoming a data driven organization. In fact, as much as 73% of data within an organization is never