It is a known fact that small businesses are the engine of any economy. But in order to achieve continuous growth within any organization requires engaging on new responsibilities, learning how to better manage the organization, and solving ever more complex problems. According to a recent survey, the top three challenges small business owners face […]
The question, “What is Diversification and what is the best strategy to take?” is a common question we receive from our clients. Business diversification is the process by which a company or organization employs the diversification business strategy as a means to an end. This occurs when a company tries to enter a new market […]
Growing pains aren’t only for kids. There comes a time in every young business when you’re too busy to handle everything with your existing resources, but can’t quite afford to bring in additional ones – whether they are human, financial or operational. It’s at this point that so many startups flounder, because unless you have […]
With the rate at which digital technology progresses these days, it’s really difficult to keep abreast of the changes. It’s vitally important to plan for technology, though, because you never know when a development creates a loophole that can get you into trouble. Writing in the MIT Technology Review last month, Vivek Wadhwa, a Corporate […]
A business strategy definition is the means by which a company sets out to achieve its desired goal or objective. Strategic planning is the holy grail for most businesses, regardless of size. It’s the first thing you learn in Business 101, and we’re taught that it’s vital to the success of any enterprise. What business […]
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