The levels of management are the division among managers based on the responsibility and the authority they have in the company or organization. Typically, the management level comprises top-level, middle-level, and first-line managers. The different levels of management define their roles and responsibilities relevant to their position. However, the focus of every management level is on various areas like employee …
It doesn’t matter whatever type, category, or niche your company is; managers of various organizations perform the same functions like planning, organizing, staffing, leading, and controlling. If you’re going to perform the managerial role, then it is significant to be aware of the fundamentals of management. Today, we’ll discuss the five basic functions of management. What are the 5 Basic …
The workplace environment depends on the strength of the management position and how they manage their employees. They should communicate with the senior professionals of the company to make sure that their team is moving in the right direction of the company’s vision and mission. The roles and responsibilities of managers are different in various workplace environments and industries. Today, …
Following the popularization of the internet, the retail and wholesale landscape has seen significant changes. One of those changes is the rapid rise of the E-commerce industry. eCommerce giants like Amazon and Alibaba are valued at billions of dollars, indicating that E-commerce is the future of trade. Consumers, too, are shifting more and more towards buying online because of how …
We live in a world that is developing at a pace not witnessed by our forefathers. The modern world has shrunk the space for traditional businesses because modern problems require modern solutions. Entrepreneurs are the ones who propose modern solutions by taking the risk of propelling new ideas and making profits out of them. So, the society in which we …
The BPO (Business Process Outsourcing) is a $245.9 billion industry (2021). The practice of outsourcing business tasks to BPO firms has risen rapidly in the past decade. It is a practice that has proven to: Cut costs, Improve efficiency, Bring scalability, Beat the competition, Improve business outcomes. Most organizations, whether they are enterprises or start-ups, use BPO services in one …
Entrepreneurs are innovators who modernize human civilization and bring life-changing products and services to the people. Moreover, global interest in entrepreneurship has grown rapidly over the past decade. According to Global Entrepreneurship Monitor 2018/2019 report, 62% of people believe entrepreneurship is a good career. If you are someone looking for a career in entrepreneurship, there can be no better time …
Effective communication among employees and with the customers is of utmost importance for an organization. Here are some statistics that reflect the importance of internal and external communication. Firstly, more than 80% of Americans believe that employee communication is key in developing trust in their employers. From a customer’s perspective, 68% of customers are more likely to buy from a …
Digital marketing through influencers is the most sought-after strategy to scale businesses, but do you know why? Well, for every $1 spent on influencers, the brands earn up to $5.78 in return. The influencers have revolutionized the horizon with which businesses market themselves. But along with it, many complexities have also emerged. For instance, influencers work in their specific niches, …
It doesn’t matter whether you want to earn some extra money from a gig or a full-time job. There are various options available for you to earn money while working from home. However, earning money from home offers you a lot of benefits like making and following your own flexible schedule and maintaining a work-life balance. Today, we’ll discuss the …
