Management is the efficiency in climbing the ladder of success; leadership determines whether the ladder is leaning against the right wall - Stephone Convey. All corporations, whether big or small, continuously seek an ideal person with both leadership and management skills. It is no wonder why workplaces depend on those in management positions. They are considered as the engine of the corporation.When looking at management and leadership closely, it is evident that they both have … [Read more...] about Similarities Between Leadership and Management
How Education helps in Developing a Mindset
“It’s not that I am so smart, its that I stay with the problems longer”- Albert Einstein.Although these are just a few words from Albert Einstein, they mean a great deal when it comes to developing the mindset. Having a PhD in Psychology, Carol Dweck has characterized two different mindsets after multiple studies. One of the mindsets is called a growth mindset. Individuals with a growth mindset have a hunger for gaining knowledge throughout life. Furthermore, failures seem like an … [Read more...] about How Education helps in Developing a Mindset
Why Do Managers Micromanage?
A strong and stable management team is the key to success in any corporation. However, sometimes managers become victims of a particular behaviour called micromanagement. The meaning is what it sounds like; someone monitoring the micro things of every move of the subordinates.There are many reasons why managers use the Micromanagement technique. Some are due to psychological components. Others are reputation-based reasons. Whatever the reason, it only leads to a downfall performance among … [Read more...] about Why Do Managers Micromanage?
How to Evaluate Competency in Employees
From the shop around the corner to a million dollars corporation, employees are the most valuable asset in all businesses. Hence, a proper evaluation should take place to measure if the investment is giving its best return to the organization. What is an Employee Competency Assessment?It would be wonderful to have a competency-tool to measure the employees' output in the business automatically. Although such a tool does not exist, there are some ways to see how well the employee is … [Read more...] about How to Evaluate Competency in Employees
Impact of Buy One Get One Free Promotion Strategy on Business
Deep down, we all know that nothing is for free. You may wonder what happens behind the business strategy of “Buy One Get One Free?” This strategy is largely marketed towards women. The word “free” can make her a shopping lunatic. However, there are strong reasons for the promotion strategy. What is BOGOF?Corporations aren’t giving us promotions from the goodness of heart. The truth is that it boosts up their business magnificently. There are many successful marketing schemes. … [Read more...] about Impact of Buy One Get One Free Promotion Strategy on Business
How to Build a Strong Brand Image?
Research says that 59% of the people are interested to buy from a well-known brand. Keeping this mind, small businesses and start-ups need to put extra efforts to make their brand image strong.There are many ways to build a strong brand image of your business. It requires efforts and a lot of research to find the right path in building a strong image of the company.What is Branding of your Business?Branding is known to be the heart of any business. There is so much more to a name and … [Read more...] about How to Build a Strong Brand Image?
10 Best Money Making Ideas for University Students
Starting a business as a university student is not such a bad idea. For one thing, it can pay your tuition fee. Also, you can put your learning into a hands-on experience. Moreover, it can become your career in the future. Besides, when March Zuckerberg came up with the idea of Facemash in his second year of college, he had no idea it would make him the king of Social Media.10 Best Money Making Ideas for University StudentsUniversities can take a lot of hours and energy from a student’s … [Read more...] about 10 Best Money Making Ideas for University Students
What to know before hiring someone on Freelance Platforms
Businesses around the world have come to a halt, and working remotely is now the new thing in the market in the new COVID19 world. On the other hand, many people have lost their jobs. As a result, freelancers are produced by the minute. With vast options of freelancers out in the market, what are some things you should look for before hiring a freelancer? How to make the experience successful with a freelancer? Finding the right freelancer should be done in a proper … [Read more...] about What to know before hiring someone on Freelance Platforms
What are the different Internal and External sources of recruitment?
A famous billionaire businessman, Jorge Paulo Lemann, once said: “The greatest asset of a company is its people.” Hence, employees are the key to success or failure in any firm or organization. If the employees work wholeheartedly with full efforts, the company will rise towards success.This is the reason why entrepreneurs are critical in choosing the right staff members. Recruitment is a proper procedure which helps in finding a suitable worker for a specific job. There are two sources for … [Read more...] about What are the different Internal and External sources of recruitment?
Difference between Regular Insurance and Medicare Insurance
Insurance is an agreement between an individual and a company in which the individual gets financial reimbursement against damage, illness, loss, or death.Insurance comes handy when an unexpected situation comes up in life. For example, there could be a car accident, a sudden death, or a medical emergency. Such reasons generate the need for insurance.In these types of scenarios, the insurance company will repay for the loss or emergency. In the US, insurance can be acquired either … [Read more...] about Difference between Regular Insurance and Medicare Insurance
Challenges Small Businesses face in US
How do we define small businesses? Small businesses are private corporations, partnerships, or sole traders that have a smaller number of employees than bigger businesses.According to the US and Canada, Federal Securities interpret a small business to have less than $25 million annual revenues and also has a publicly-traded stock of $25 million. 3 Challenges Small Business Face in the United StatesForecast the Challenges Before starting a business, proper planning is very … [Read more...] about Challenges Small Businesses face in US