SWOT is a state art tool to evaluate potential strengths, weaknesses, as well as opportunities, and threats of an organization. This analysis can show potential business development as well as possible internal and external business environmental changes. Mr. Andrews, professor of Harvard Business School, introduced this innovative tool for comprehensive and long term analysis of business in 197l. It proved to be a significant and helpful tool in order to evaluate areas of development for strategic management. SWOT analysis facilitates and equivalents to analyze the strength and weakness present in the internal environment and the opportunity and threat present in the external environment. (more…)
SWOT analysis is very useful strategy that is implemented in every type of project. It is mainly used to find out the strengths and weaknesses in the project or in the industry or in people. It is also used to find out the opportunities and threats in a system. This analysis is mainly used in businesses. Using the SWOT analysis on the person will help him develop his career and his talents. This analysis is helpful for everyone and for every company. Using SWOT analysis for a company will help you to gain the market value because it identifies the threats and opportunities in the system. (more…)
Change management is a systemic approach of dealing with transitioning individuals, organizations and teams to a change to achieve a desired future state. In the context of project management, changes that are done in any project which are formally introduced and approved mainly refer to as change management. Change management is basically a known discipline for over half a century. In spite of the large amount of investment companies making in tools, thousands of books and training,a 60-70% failure rate for organizational change projects is found by the studies. (more…)
There are several business letter formats for writing professional letters. There are two basic styles of letters: block form and indented form. The samples below will help you determine which style you prefer.
A business letter can be termed as a mode of communication in which some information is illustrated in a professional manner. Business letters can be issued between two companies or between a company and their customer base. Irrelevance of the party, the business letters are always informative and well structured. Senior officer, executive or a business student must know each and every details of a business letter format. Business letter writing is not always easy. Certain rules need to be followed while writing a business letter. A business letter format may contain address of the sender, sending date, proper salutation, body, closing part, appropriate punctuations and font style. With a combination of all these, a complete business letter generates. (more…)
Incoterms are the International Commercial Terms which is a universal set of trade terms that are made in order to keep a happy medium between both importer and exporter equally.
The set of incoterms which is currently used was published in 2000. Whereas the first publication of incoterms was made in 1936. They were established by ICC which is International Chamber of Commerce in Paris. (more…)
A balance sheet is a financial statement that reflects assets, liabilities and owners’ equity. Get a free balance sheet template, example, and guide.
You might be new to the business industry if you are reading this, but everyone should know what a balance sheet is. What does a balance sheet do anyways? There are many factors that encourage a business or sole entrepreneur to use balance sheets. In financial accounting, the definition of a balance sheet is a summary of the financial balances of some business organization such as a sole proprietorship or corporation. An example of one of these companies would be an LLC or LLP. The assets and ownership of something is listed in a balance sheet in a specific date form. It is often described as a short snapshot of how the company’s finances are doing. (more…)