The business section discusses topics that are key to the success of your industry. The topics include Human resource management, Business operations management, Strategy, Leadership skills development, Talent management, Performance management, Organizational structure, and culture.
10 Essential Metrics Subscription Businesses Need To Track Paid Members Public
The subscription-based business model is increasingly transforming how companies operate. Subscription businesses have grown 5-8 times faster than the traditional ones, and the model is progressively redefining the relationships between firms and their customers. According to the SEI report, in 2020, subscription businesses exhibited revenue growth of 11.6%, while
Integrative Negotiation: The Winner Does Not Take It All! Paid Members Public
Integrative negotiation is a solution-oriented mode of negotiation. It involves a spirit of giving and taking between parties in order to explore all the options, find win-win solutions, and ultimately, arrive at an agreement that is acceptable to all parties involved.
How to Use Poka-Yoke To Avoid Business Mistakes? (With Examples) Paid Members Public
Human error is usually caused by the failure to follow procedures correctly. A poka-yoke approach to quality control identifies mistakes prior to existence and then eliminates them from the start. Poka-yoke is a systematic method of designing processes to reduce the possibility of failure.
Why Imperfect Is Better than Perfect? Paid Members Public
The quest for perfection is global, but it is limiting our potential. We should optimize for progress, not perfection. By changing the way we look at things, we can change the way we do things and create more value than we imagined while starting.
Strategy Vs. Tactics: What is The Difference and Why It Matters?(With Examples) Paid Members Public
Strategy is essentially planning out what you want to achieve in order to get something done right. Each step has its place within your overall plan. Tactics focus more on how you do something rather than what you should do.
Should You Always Focus On Quality Over Quantity? Paid Members Public
Quality Over Quanity is the drive to pursue a greater value over more volume. Anything can be subjective in value, but it is how we attempt to build things that last and are useful in every way possible instead of cheap and pointless that matters.
What is Pent Up Demand And How Can Businesses Benefit From It? Paid Members Public
Pent-up demand is a common economic concept to describe situations under which people do not spend as much on products as they would have in the absence of recessionary periods or excessive inflation.
Specialist Vs Generalist: Which One Is Better? Paid Members Public
Are you a generalist or specialist? A generalist is someone who knows a lot, but perhaps not as much in a narrow subject area. A specialist would know more about something specific and not much about other subjects.