At its core, business diversification is about a company venturing into new markets, industries, or product/service categories.
Posts published by “Jerry Grzegorzek”
Hi! I am Jerry. I am the owner and Editor-in-Chief of this website. I am experienced Lecturer and Researcher in Business Management and Economics, Head of Business and Economics, and IB Examiner for DP Business Management at International Baccalaureate (IB). I make business education accessible to everyone in the world by providing high-quality business resources for CEOs, directors, business managers, business owners, investors, entrepreneurs, business journalists, business teachers and business students. Privately, I live with my family in China from where I run a vlog Nie Te Chiny about my family life. MORE »
Redeployment, at its core, is the process of retraining and reassigning existing employees to new roles within the same organization.
Businesses that effectively analyze and optimize their value chain can identify cost efficiencies, improve customer satisfaction, and gain a sustainable competitive edge.
While the sheer number of these business tools can feel overwhelming, they can be categorized into three types: situational, decision-making, and planning.
Are you struggling to increase sales on your E-Commerce websites? You’re not alone. Many online store owners face the same challenge.
This article introduces the business of religion. We all know that religion is about the soul — but what about the bottom line? How much is faith worth?
But what about those essential things we all benefit from, regardless of whether we directly pay for them? Enter the realm of public goods.
While the desire for company growth may be boundless, several fundamental limitations can act as powerful brakes on a business's expansion.
Full-year guidance is a publicly traded company's forecast of its expected financial performance for its entire fiscal year. It includes projections for key metrics.
While the nuances of business strategy can be complex, most approaches can be broadly categorized into four fundamental business strategies.
Instead of just manufacturing and selling physical products, businesses offer comprehensive solutions that include maintenance, support, analytics, and even performance guarantees.
In fact, risks can generally be divided into two categories: insurable business risks and uninsurable business risks.
Capital Productivity refers to the efficiency with which a company or organization uses its capital assets (such as machinery, equipment, buildings, and technology) to produce goods or services.
Let’s explore why clustering has become a crucial strategy for companies seeking to enhance their operational efficiency, foster innovation, and gain competitive advantages.
At its core, a footloose business organization is one that is not tied to a specific geographic location for its operations.
EZs focus on specific areas that may be facing economic challenges such as high unemployment, declining industries, or underutilized infrastructure.