Business Model Canvas – Key Components Explained
Category : methods & concepts
Starting a business from scratch is quite a challenge. It requires a lot of work and planning. The amount of preparation put into the...
Balanced Scorecard- Definition and Perspectives
Category : methods & concepts
Balanced scorecards were mainly created to help businesses monitor their activities using a different perspective to achieve progress. This article will discuss the importance...
SMART Goals – Definition, Advantages & Disadvantages
Category : methods & concepts
SMART belongs to methods & concepts and is an acronym used as a guideline when setting objectives for personal development, project management, and managing...
PESTEL Analysis – External Business Environments
Category : methods & concepts
A PESTEL analysis is a business tool used by organizations looking to introduce a new product or service to the market. It is an...
Benchmarking- Why it’s Important
Category : methods & concepts
Benchmarking in an organization is considered to be one of the most efficient processes to help identify the best information practice and improve activity....
Maslow’s Hierarchy of Needs – an Overview
Category : methods & concepts
The human motivation theory developed by an American psychologist Abraham Maslow and published in 1943, proposed a five-level model of fundamental human needs. Maslows...