What are the positive effects of conflict?
There are Stages of Conflict Development in dealing with and facing conflict. Conflict does not appear suddenly. As tension builds up, the signs and essence…
Articles by MbaNotesWorld
Personal databases
DATA: Raw facts; that is , facts that have not yet been processed to reveal their meaning to the end user INFORMATION: Facts (data) that…
What are Products?
A product is defined as:“Anything that is capable of satisfying customer needs” This definition includes both physical products (e.g. cars, washing machines, DVD players) as…
What is Job Enlargement?
Job enlargement (sometimes also referred to as “horizontal loading”) involves the addition of extra, similar, tasks to a job. In job enlargement, the job itself…
What is Human Resource Management (“HRM”)?
You often see phrases like these in the annual reports of major businesses: “Our people are our greatest asset” “Nothing is more important than our…
What is Stock control?
Managing stock effectively is important for any business, because without enough stock, production and sales will grind to a halt. Stock control involves careful planning…
Stock Control – application and evaluation
When a stock control situation is presented in an examination, it is likely to be in the context of a business that is facing change….
4 Factors that businesses must consider in determining pricing policy
The factors that businesses must consider in determining pricing policy can be summarised in four categories: (1) Costs: In order to make a profit, a…
How does the Price of a Product connect with the Business Objectives?!
The pricing objectives of businesses are generally related to satisfying one of five common strategic objectives: Objective 1: To Maximise ProfitsAlthough the ‘maximisation of profits’…
Why is Market Share important? The Profit Impact of Market Strategy (“PIMS”) analysis
An important piece of research in the 1960’s provided the basis for understanding the importance of market share – and emphasised the implications for marketing…