Self management skills refer to the abilities of an individual of being able to curb their emotions and to perform activities which are under their control. Self management skills lay a crucial role in both personal and professional life of any individual. The self management is all about making the right choices be it an …
Definition of Latent Demand The term latent demand is used to refer to that situation in which a consumer is unable to satisfy his needs because he does not know that he needs a product. There is a lack of knowledge and hence there is no demand for the product. Understanding the concept of Latent …
Employee referral is the new way of recruiting best-suited candidates by letting existing employees to recommend a candidate that can be the best fit for a particular profile. In a general way, organizations conduct interviews where so many resumes get piled up and from there some of the candidates are called for brainstorming interview sessions. …
In simple words, employee turnover can be understood as dissatisfied employees leaving a company at an alarming rate and being replaced by a new workforce. Turnover is something that affects all the companies in somehow or the other and hence it is very much important to pay special attention to it. Many of the organizations …
It’s difficult to provide an excellent customer experience when an employee is worried about whether he or she can afford a financial shock, such as an unexpected home repair or a medical emergency. For many customer-facing employees, one unexpected expense can quickly snowball into a larger problem: repossession, eviction, or other life-altering situations. The financial …
It is very important, to be honest, and truthful in our personal as well as professional lives. And when we come to talk about being honest and truthful in the world of business and corporate, it is the term integrity that has been coined as one of the crucial and vital fundamentals for the success …
No matter how educated you are and have gained a rich experience over the years in your professional career, if you are not at par with the evolving times and the changing dynamics of your industry domain, your growth is definitely restricted. Hence, it is very crucial for every professional to understand the Importance of …
Every organization has a mission statement and it holds quite a significant place in the entire brand and company architecture. Plus it provides the way forward for the top management and the key employees of the firm to attain all the long term and short term objectives. It provides the purpose and a goal forming …
Quality is one of the topmost principles of management. Maintaining the spheres of quality in each and every facet of the business helps the firm to attract loyal customers, keep the cash flows regular, and beat the competition in the market. Understanding and following Importance of Quality Management is not only the responsibility of the …
Research and Development is one of the most significant and crucial parts of each and every organization irrespective of the industry domain. Right from understanding the needs and growing demands of the customers, working on the crucial presentations for investors and financial institutions, to doing a survey about the market and industry as a whole; …