Management

A strategic business unit (SBU) is a unit of the company that has a separate mission and objectives and that can be planned independently from…

Boston Consulting Group Model The Boston Counseling Group (BCG), a leading management consulting firm, developed and popularized the growth-share matrix. Using the Boston Counseling Group…

Creation of Strategic Business Units (SBU) Most companies operate several businesses, Management first step is to identify the key business making up the company. These…

Marketing planning involves deciding on marketing strategies that will help the company attain its overall strategic objectives. A detailed marketing plan is needed for each…

A strategy gap refers to the gap between the current performance of an organization and its desired performance as expressed in its mission, objectives, goals…

An entrepreneur is a person who creates something new and assumes the risks and rewards associated with that innovation. S/He gets profit as his reward…

Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for payment. Insurance may be…

Cloud computing is a model for enabling ubiquitous, convenient, on-demand access to a shared pool of configurable computing resources. Cloud computing and storage solutions provide…

Enterprise Resource Planning (ERP) is a process by which a company (often a manufacturer) manages and integrates the important parts of its business. An ERP…

Radio-frequency identification (RFID) is the wireless use of electromagnetic fields to transfer data, for the purposes of automatically identifying and tracking tags attached to objects.…