The very fact that this piece begins with two iterations of the same question signifies that this is not an easy one to answer. Traditional definitions of entrepreneurship define the term as the act of starting and scaling up a business from scratch. While this is essentially true, the modern connotations attached to this word have taken on a whole …
What is Business Analysis? A business comprises of goals and drivers. The drivers understand and guide the business to reach its goals. This process of understanding a business, its needs, problems, solutions, etc. is known as business analysis. Business analysis is performed by the stakeholders or drivers of the business so that they can ensure all business problems are taken …
A competitive advantage denotes the ability of a business, product or service that allows it to have more market presence, same value at lower prices, more profit, and superior margins than its competitors. Every market in the current capitalist economy has multiple products and businesses that compete with one another. And thus, each of them tries to gain and sustain …
As mentioned above, competitive strategy is a long-term action plan of firms so as to gain a competitive advantage over its rivals in the industry. This strategy is focused to achieve above average position and generate a superior Return on Investment (ROI).
According to Michael Porter, value chain consists all those activities an organization perform to create value for its customers. In the business process organizations create value, more value creation means a more profitable organization.
I am a professional accountant and worked for 8 years in the development sector. But I was more inclined towards technology, internet and web surfing. I started my own small website back in 2012. In the past years, I learned a lot from hand on experience and many web experts. Today I am giving you a sequence of all time …
