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One of the biggest decision-making factors that can influence the purchase decision of a customer is the review and rating of a product. Customer reviews are a significant sales driver for businesses. Positive reviews can drive huge traffic to your website, whereas a single negative review can smear the reputation of your business and lead to the fallouts of multiple potential customers. Managing customer reviews proactively is crucial for businesses to maintain their online goodwill. In this article, we shall understand whether customer reviews are a boon or bane for businesses. What are Customer Reviews? Customer reviews are the ... Read More
An effectively performing organizational structure is the first step towards reaching the tip of success. A functional organizational structure is crucial to ensure smooth operations across departments while maintaining productivity and innovation. One can score functional excellence when they are being able to reach the organizational goals and increase profitability in all customer segments. In this article, we shall understand how one can create a winning organizational structure. What Is an Organizational Structure? Every organization needs a framework to define the flow of processes and company operations. An organizational structure is a visual outline of different departments, jobs, operations, ... Read More
A business strategy is an integral part of every business, whether it is an established enterprise or a new venture in the market. Your business strategy must be aligned with your company goals and created based on the industry you are operating in. Your business plan must focus on increasing your market reach and customer base with your existing products. Market penetration comes into the picture when a company wants to use its current products to expand its territories in the industry. In this article, we shall discuss everything that you need to know about market penetration. What is ... Read More
Communication is the lifeline of every business. It allows the employees to share ideas and suggestions, and form cordial relationships in the professional environment. Having effective workplace communication is crucial for an organization to maintain its productivity and create a positive work environment. In this article, we shall understand the 6 ways in which effective communication can benefit businesses. What is Workplace Communication? Workplace communication is a professional discussion of ideas, suggestions, feedback, and thoughts between the different stakeholders of an organization. It involves the employees, clients, managers, and other parties associated with the company communicating and sharing their ... Read More
Emotional intelligence is undeniably an integral part of both professional and personal contexts. It is the ability to recognize, understand, and manage your own emotions as well as the emotions of others. It plays an important role in effective communication, conflict management, decision making and building strong relationships. Recently, the significance of emotional intelligence in the workplace is being recognised. The concept of emotional intelligence has been ingrained in agile project management, however with slight differences. Agile Emotional Intelligence (AEMI) is a terminology used in the context of Agile project management where the ability of individuals and teams to ... Read More
With organizations across the world settling down into delineated management approaches for their undertaken projects, project managers are needed more than ever. Having that said, the responsibility of a project manager can be quite overwhelming as it tends to be stressful and demands accountability. A single mistake or wrong decision in project management could lead to drastic financial losses and even businesses and employment of people. Such potential mistakes, miscalculation, and their probability depend and varies on the individual project. However, there are a few omissions, missteps, or practices you could commit that might seem futile but could cost you ... Read More
Project estimation is a crucial point of project management that involves the prediction of the time, effort, and resources required to complete the project successfully. Through accurate project estimation, project managers are able to effectively and efficiently plan, organize, and execute their projects. It also helps in stakeholder management Additionally it helps project managers in understanding the stakeholder’s expectations, ensuring project completion within budget, and also identify potential risks and issues. However, the complexity of project estimation requires the project manager to consider multiple factors. What Are the Steps in Project Estimation? Generally, the steps involved in project estimation ... Read More
Agile servant leadership is a leadership approach first introduced by Robert K. Greenleaf in the 1970s that has its roots in two different areas - servant leadership and agile. The concept was born out of the belief that the role of a leader should be to serve and support the team, rather than to exert control or power over them. By combing the flexible and iterative approach of Agile with the supporting approach of servant leadership, a new leadership approach that is focused on serving and supporting the team in an agile environment was created. Agile servant leadership emphasizes the ... Read More
A complex atmosphere like that of a project often acts as the forcing house for misjudgment, miscommunications, mismanagement, and most commonly, mistakes. Therefore, the management of a project demands a wide range of experience, insight, and skills for a project manager, be it in planning, organizing, or leading the team effectively to achieve the project objectives within the defined timeframe and budget. In such situations, the project manager making mistakes is inevitable, especially in the early stages of their carrier where they might struggle to navigate the many complexities of the job. All Project Manager Mistakes Are a Result ... Read More
The field of project management and the critical role of a project manager has been widely recognized and gaining traction in recent times. Project management has hence become a vital component of an organization that ensures the on-time completion of a project limited to the project’s budget, and to the satisfaction of stakeholders. As the demand for trained professionals increases in the field, candidates are seeking certification as a way to stand out in the field and demonstrate their expertise. Certification in project management has the potential to open up new career opportunities for professionals which in turn increases ... Read More