Business Development Business development is a set of activities aimed at increasing the profitability and size of a business. It is a process of establishing new relationships with customers, partners, and other stakeholders, as well as developing new products and services. It involves marketing, sales, customer service, and other activities that contribute to a company’s […]
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Marketing Plan The marketing plan defines the marketing strategy for the business and includes concrete actions to be taken and expected results. Marketing plans serve as roadmaps for companies to implement and measure the results of a marketing effort over a specified period. There are different types of marketing plans, including: Paid Marketing: Advertising and […]
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Sales budget: The most important technique for forecasting sales Sales budget: The sales budget is the starting point in preparing the planning budget. It is a quantitative statement that shows the value of the products expected to be sold during the budget period, classified on a geographic or time basis, or both. Budgeting Diploma Sales […]
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Role of HR in the development of organizations Harnessing the Power of Human Resources for Organizational Growth & Development Introduction You may have heard that people are a company’s most important asset. And it’s true! But what does that mean for organizational growth and development? It means that, if you’re looking to grow your company, […]
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Internal Auditor Report Writing Best Practices The best practices for writing an Internal Auditor Report require the following: Certified Professional Internal Auditor – CPIA (USA) Audit objectives: The report should contain the objectives of the audit, its reasons, and what are the expected benefits from that audit. Scope of the audit: The matters or sections […]
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Meaning and Importance In less than a decade, innovation management got recognized as one of the most powerful strategies an organization can use to streamline internal processes and boost its business productivity. Forrester also claims that 53% of global services decision-makers are investing in emerging innovation and idea management technologies to drive innovation. Chartered Business […]
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What is Strategic Management? Strategic management is the strategic use of a business’s resources to reach company goals and objectives. Strategic management requires reflection on the processes and procedures within the organization as well as external factors that may impact how the company functions. Chartered Business Administrator – ChBA® (USA) The process of strategic management […]
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Change Management Process Eight Essential Steps for an Effective Change Management Process Your organization is constantly experiencing change. Whether caused by new technology implementations, process updates, compliance initiatives, reorganization, or customer service improvements, change is constant and necessary for growth and profitability. A consistent change management process will aid in minimizing the impact it has […]
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Risk Management standards / ISO 31000 Since the early 2000s, several industries and government bodies have expanded regulatory compliance rules that scrutinize companies’ risk management plans, policies, procedures, and Risk Management Standards. In an increasing number of industries, boards of directors are required to review and report on the adequacy of enterprise risk management processes. As a […]
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Risk Management Process In the Risk management approaches, after the companies, specific risks are identified and the risk management process has been implemented, there are several different strategies companies can take in regard to different types of risk: Certified Financial Risk Management Consultant – CFRMC® (USA) Risk avoidance. While the complete elimination of all risks […]
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