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Management Articles
Page 39 of 52
What are the Different Types of Demand in Market?
What is a Demand in Market?Demand is an economic principle that refers to the desire of consumers to buy a product or avail a service from the market by paying a price. In simpler words, market demand is the demand or need for a product or service in the market. The more the demand for a product, the more is its supply The more a product generates revenue, the more is its demand in marketing.However, there is no direct connection between the price of a product and its demand. A product’s price is determined by the elasticity of demand, the ...
Read MoreWhat are the various Functions of Marketing?
What is Marketing?The American Marketing Association (AMA) defines marketing as the activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society. Over the years, marketing has transformed from being print and TV media-dependent to relying more on the internet because of the reach and scope of the latter. The primary objective of marketing is to take a product or service, identify the ideal/target customers or consumers, and draw their attention towards the product/service.The overall marketing strategy depends on consumers’ perception or understanding of the product, quality, durability, availability, ...
Read MoreDo meetings during work hours hamper productivity?
As long as meetings are brief and not too frequent, they don't adversely affect productivity. I think meetings should have a specific purpose and not just be held as a routine activity just because they look good as a 'best practice'. In that case, it comes very close to being a waste of time, which we can't afford in today's time-crunched schedules. After all, in a process driven environment, what purpose will regular meetings serve other than filtering down of instructions? Today, with all the tools in place right on our workstations, regular instructions and guidelines can be easily conveyed ...
Read MoreWhat are the best ways to run a meeting?
One of the prime objectives of meetings is to discuss critical issues with peer decision-makers and decide on something tangible. Corporate meetings can't be for 'agreeing to disagree' - such outcomes are more suitable for negotiations with agitating trade unions where you buy time to set up the agenda for the next meeting, and so forth.If you happen to be the leader who is presiding over the meeting, it goes without saying that you ought to be in charge of the meeting and for that, you will need more than your position in the organization - to set the agenda.Maximum ...
Read MoreGreat Service gets Great Rewards
What would a consumer expect from a product or a service that he had paid for — Quality, Value for Money, and most important of all Satisfaction. Right? But, in today’s cut-throat market, a consumer also expects good, if not excellent, customer service, post the purchase of a product. The quality of service that you get from a manufacturer or a service provider determines whether you would stay loyal to that brand or switch over to something else. In other words, it is the quality of service that determines whether a manufacturer or a service provider can hold on to ...
Read MoreWhat is training? When and why it is needed?
Training is essentially a process through which the skills of the employee are enhanced and an attitude is developed towards a particular direction. This is directed towards the achievement of a specific purpose. Training is generally of two categories. There is probationary training that is given to the fresh employees to help them get an induction about the working of an organization.The second type is in-service training. This is generally given to employees after 5-6 years of completion of service which serves as a refresher’s course to add up new knowledge or any essential skill. Training remains the backbone for ...
Read MoreWhy do the employers interview a candidate before selection?
Every organization wants the best of employees to be a part of it. This requires a sound and effective recruitment system. The selection process is an integral part of recruitment. The selection involves two main methods - 1) Assessments/Tests and 2) Interview. The assessments and tests are basically examinations that shall include logical reasoning, ability-based tests, subject-based tests, etc that check the Knowledge component of the candidate.An interview which generally happens after these tests is a face-to-face question-answer based assessment/ meeting that happens to qualify the candidate for the final placement. It is very important to conduct a face to ...
Read MoreThat buzzword work life balance
‘Work-life balance’! Yes, one of those few phrases that has got weaved up into different strings of myriad hues creating new insights and new worlds of meanings and thought. What comes to an average mind when this phrase ‘work-life balance’ strikes? A weighing balance, isn’t? A weighing scale having worked at one end and life at the other and you got to ensure that you balance them correctly. Who does not want to have a better work-life balance? A wish most of us wish. After all, most of us live at each of the two extremes of this work-life balance ...
Read MoreMake money online profit without investment
Nobody in the world, who does not require extra money in their hand without going anywhere and without investing anything?If you are artistic and self-confident about your skills and very much interested in googling, then making money online won’t be tough for you.Because of some reason, if your cash gets over and you need extra cash immediately, internet is an excellent resource to make money fast without going anywhere. Also, you get various options to work according to your skills and your own comfort.To earn money online; it is not required that you should be having your own website, own ...
Read MoreWhat is the importance of "earn while you learn"?
Nowadays youth are gaining the importance of "Earn while you Learn" concept. There are many benefits due to this approach.First and foremost is earn your pocket money while you are studying. This will help in a long way in understanding the value of money and money management in your future.Along with financial benefits, if you do an apprenticeship in the field of your study, you will gain practical knowledge on the subject.You will get exposed to the workplace discipline and get some learning experience about your future job.You will not waste time and understand the importance of time management.You will ...
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