Are you having troubles making your ends meet? Or are you looking for ways to get rid of the debt trap? If yes, then you might often wonder how to turn your finances around. Depending on the gravity of your financial situation, it could take some time to be back on track and attain financial literacy.That being said, don’t fret. With the right steps, you can easily turn the tables around. Planning is one of the greatest traits of human beings. Failing to plan is planning to fail. Financial … [Read more...] about Your Five-Step Guide to Bring Your Financial Life in Order
Importance
Importance of Project Life Cycle
The world has been discovering better management techniques because of limited time and increased workload on individuals. Much work has been done to identify how management can be improved in an individual's life and an organization.In researching better management techniques, the project life cycle has been studied to ensure that each project can be structured, monitored, managed, and finished successfully for saving time, cost, and limited resources.What is Project Lifecycle?The … [Read more...] about Importance of Project Life Cycle
Importance of Education
“Education is the ability to listen to almost anything without losing your temper or your self-confidence.”- Robert FrostEducation is an integral part of an individual’s life. It helps in the holistic development of a person and that of society. From providing fresh perspectives to illuminating thoughts, there are a lot of advantages to quality education. Today, we will be looking at the importance of education and how it helps to develop a nation.Importance of EducationAs mentioned … [Read more...] about Importance of Education
Importance of Transportation in Supply Chain
Transportation is not merely a means of moving people from here to there, it is much more than that and holds so much importance in other businesses of life rather than just this. Take the supply chain, for example, transportation plays a major role in the supply chain to the extent that the world’s supply chain would have been suffering from great damage and trouble if it wasn’t for transportation.Must be thinking why? Well, logic is: if transportation hasn’t been a part of the supply … [Read more...] about Importance of Transportation in Supply Chain
The Key Functions Of The Finance Department In A Company
The finance department is like the backbone of an enterprise. It holds everything together through effective accounting and statistics that keep everything in check. In a company, the finance department has multiple responsibilities. The primary responsibility we believe them to hold is bookkeeping, but they are also responsible for assisting managers in making and updating their strategic decisions.Financial and Strategic PlanningAn essential task of the finance department is concerned … [Read more...] about The Key Functions Of The Finance Department In A Company
Importance of Sales Management
Sales management means the directions and actions that take place to promote and distribute products and services. Sales management is the fuel of any business because, without it, no company can move forward.It is the analysis, implementation of plans, and the program-controlled, which makes the needed exchanges in the market for the purpose of achieving the business objectives. There are many functions which are overlooked by sales management, and some of them are:Sales Management … [Read more...] about Importance of Sales Management
Why Relationship Marketing is Important
Who doesn't love getting more business opportunities? But it demands to go beyond your transactional intentions and think purely in terms of fostering a relationship with customers. In recent years, as the customer's first mentality expanded, marketers coined the term "Relationship Marketing".Your ability to build an emotional connection with the customers determines the longevity of your company's success.Relationship marketing is the new elevator pitch to get your message heard. … [Read more...] about Why Relationship Marketing is Important
Importance of Accounting in Business
Accounting refers to the systematic and comprehensive recording of financial transaction of business. Accounting Information is vital to many stakeholders in economic decision making.Example of stakeholders who use accounting information includes management, government, shareholders, suppliers, tax authorities etc. Business accounting help in making strategic and tactical decision making that help business to grow or penetrate in markets.Need for AccountingAccounting help management … [Read more...] about Importance of Accounting in Business
Importance of Economics
“Political economy is perhaps the only science of which it may be said that the ignorance of it is not merely a deviation of good but produces great positive evil.”In the words of Malthus,“Economics is the intellectual religion of the day.”Durbin“The study of Economics is a practical necessity and a normal obligation.”Sir Henry ClayAll it reflects that Economics has prime importance in social sciences which can be discussed in two partsTheoretical Importance of … [Read more...] about Importance of Economics
Personnel Management [ Functions, Importance, Objectives & Definitions ]
Personnel Management focuses on the administrative tasks of the organization along with the employee’s welfare and labour relations management. It is often considered as a sub-category of Human Resource Management. Few consider it to be the same as HRM but it is different from it.Personnel Management Definition by Different AuthorsEdwin FlippoPersonnel Management is concerned with procurement, development, compensation, integration and maintenance of personnel of organization … [Read more...] about Personnel Management [ Functions, Importance, Objectives & Definitions ]
Importance of Human Resource Management – HRM
In this modern and technological era, competition has been increased between organizations of every industry. This is why human resource management is important to all managers. The main role of human resource management in an Organizations is to find unique talent (workforce) to compete and sustain themselves in market. Diversity may become one of the hurdles in the process of hiring and retaining the unique talent.Human Resources are the people who compose the workforce of an … [Read more...] about Importance of Human Resource Management – HRM