Organizing is one of the recognized and accepted principal functions of business management. It helps business entities systematize its existence and operations as a stable and working organization. Organizing primarily involves structuring, departmentation and...
A successful business seems to be the most satisfactory thing that you have done in life. But is it that easy to succeed in business? Well, with the extreme level of competition in the market you need a structured approach to business. So what are the basic principles...
If ERP (Enterprise Resource Planning) is the technology to drive the business processes, SOPs (Standard Operating Procedures) lends it the direction and purpose. SOPs can be implemented without an ERP but it will not be as effective the other way round. ERP is a...
Contrary to the fears that e-commerce portals will bring a downfall of the physical retail format, the latter has bounced back with the might of the e-commerce channel. A booming consumer market in countries like India and China, entry of foreign retail players,...
Lack of capital, manpower resource constraints, the time required to open another store, the involvement of business risks etc often redirects businesses to opt for the franchise option for growth and expansion. Franchise model has proved to be a successful and...
Growth and expansion are both a necessity and an aspiration for almost every business enterprise. However, irrespective of the intensity of the need for growth and expansion, only a handful of businesses succeed in their expansionist attempts. And every such business...
