What is a project? A project is a temporary endeavor undertaken to create a unique product, service or specific result. The temporary nature of projects means that they have specific start and finish dates. A project has clear goals and objectives which are agreed upon by the stakeholders but it also has constraints such as
A SWOT analysis is a valuable tool for start-ups or any company looking to grow. A SWOT analysis can be used to identify the strengths, weaknesses, opportunities and threats that a company faces in its environment. This article will explore what each of these four components mean as well as how you can use them
Leadership is a term that gets thrown around a lot, but people don't understand what it really means. Leadership can be defined as the ability to manage and coordinate people in order for them to accomplish a desired goal or objective. It's not only about getting someone else to do something you want, but it's
The term "stakeholder" is used to describe any person or organization that has a vested interest in your organization. There are many stakeholders for an organization including employees, customers, suppliers, investors, etc. Organizations must manage these stakeholders in order to achieve their goals. Stakeholder management is the process of maintaining good relationships with the stakeholders
Purchasing guidelines are used to create binding rules for the procurement of all goods in a company. These rules reduce inefficiencies in purchasing and improve the company's results. For example, clear roles and responsibilities can be defined, supplier selection can be standardised and processes can be made transparent, documented and improved. Furthermore, purchasing guidelines contribute
The basic idea behind the topic of network building and maintenance is that it is often easier to achieve benefits or goals together with other people, companies or institutions than alone. For example, if you join forces with other companies to form a purchasing cooperation, you will benefit from better prices and conditions. Those who
Even discounts that are slightly higher than the calculated discounts lead to significant drops in profit. Therefore, it is always worthwhile to fight to maintain prices or at least to grant the lowest possible discounts. 1. the risks of price discounts There are many reasons for discounts: competition is increasing, customers are better informed about
A large part of the approximately 30,000 bankruptcies in Germany each year can be traced back to liquidity problems. Many bankruptcies could be avoided if the company had a well-founded liquidity forecast. Securing the liquidity and willingness to pay of a company is a task to which every owner or managing director of a company
The complexity of tasks and projects is constantly increasing, and several people are often involved in their implementation. Meetings are unavoidable in order to find solutions together and to exchange ideas. However, if some rules are not followed during meetings, they can easily be counterproductive and turn out to be "time eaters". To avoid such
Remote working is seen by politicians as a way to reduce the environmental impact of transport. Depending on the company or industry, the terms home office or teleworking are used. However, in order for home working to be a success for employers and employees, some points need to be considered - organisationally as well as
