What is business intelligence ( BI Definition )? Well, it’s quite important to understand the importance of business intelligence for all business graduates. Okay, I m going to describe what is business intelligence and why it is important for business people. Business intelligence is the process of technology for analyzing data and interpreting actionable information. […]
Strategy
What is artificial intelligence ? Definition ,Types and uses of AI
What is artificial intelligence ( AI ) In maximum time, when people learn about Artificial intelligence, they usually think about robots. Initially, they believe that it can work more quickly than human being and quickly responds in any kind of problem solving . So, now we need to understand what is Artificial intelligence? Artificial intelligence […]
What is competitive intelligence and Why it is important for firms?
What is competitive intelligence? Competitive intelligence is the way of collecting information on the business environment, competitors, competitive products and services, and overall business industry. In short, Competitive intelligence is a way of identifying competitive gaps between two competitors. Is Competitive intelligence gather ethical? Yes. Competitive practices are ethical and legal in business law.Competitive intelligence involves […]
Describe barriers in international marketing
Before describing barriers in international marketing, I would like to say what is international marketing. International marketing is the activity, institutions, and processes across national borders. It creates, communicates, delivers and exchanges offerings that have value for the stakeholders and society. In the case of international marketing, there exist a lot of barriers. Some are […]
The marketing strategy for a new product
The company and marketing managers are really very concern about the marketing strategy for a new product. However, a proper marketing strategy can bring both effectiveness and efficiency in the business specially for the business which are located in small or big city in USA . In the case of the marketing strategy for a […]
Achieve a strategic fit in supply chain management
A company needs to take some steps to achieve a strategic fit between the supply chain and competitive strategies. These strategies may be implicated or explicated or one or more customer segments. So that the company can satisfy these segments. At first, a company should ensure its supply chain capabilities to satisfy the needs of […]
Why ethics is connected with commercial law?
If we want to understand the term “Why ethics is connected with commercial law?” then we need to learn the law and commercial law and ethics first. Now, we are going to see it. Law: Law is the combination of a body of action is prescribed by controlling authority and having binding legal force. It must […]
Dynamics of the marketplace
Dynamics of the marketplace is determined by the similarity and dissimilarity of demand and supply. However, this supply and demand are also depending on the market price. It is obviously noticed that the high price of a product tends to discourage a large number of the market. In contrast, lower price encourages a large number […]
Challenges in maintaining a supply chain
Almost all firms face Challenges in maintaining a supply chain. This happens because they only focused on their production and sales aspects f business. As a result, logistics was a neglected area of those firms. Recently, few firms try to improve the performance of their respective supply chain. There are many reasons that are responsible […]
Three Enablers of Supply Chain Performance
Three enablers of supply chain performance are very important for managing the firm’s success. However, managing the supply chain is becoming increasingly complex. Having this, actually, firms have managed to reduce their logistics costs. Because of innovations of technology, it is possible to reduce logistics costs. There are three major enablers. They have helped firms […]
