Business Essays
When selling a solution in the form of a product or service, you’ll need a focused digital marketing strategy to find customers to make the sales. Not every marketing method will work for you. Which means you shouldn’t stretch your budget by trying to use them all. What you need to focus on is the […]
A STEEP analysis is a tool commonly used in marketing to evaluate different external factors which impact an organization. It is essential for every business to consider some external forces before they can take decisions. Many people have limited imagination as it is shaped by their own experience and beliefs. This tendency often leads an […]
To strengthen the success of your product, competitive analysis is used to identify competitors in your market and analyze their strategies. Using online tools, you can access and monitor competitor’s digital information including domain authority, social media outreach, and keyword analysis. Why competitive analysis The point is to see what’s working for your competitor, what […]
Your digital marketing strategy is essential for the success of your product. The purpose of a digital marketing strategy is to be seen (especially if your company is young) and to increase customers. Marketing is more than simply selling a product to customers. Traditional methods of marketing (outbound) focussed on products and upgrades and less […]
B2B marketing uses many channels to increase profits, customers, and company growth. For example, email marketing is one method which greatly increases revenue for many B2B firms. And while this is just one channel, different types of content can be paired up with it for even greater success. Here are three types of content that […]
Operating a successful business isn’t just about working hard, but rather about working smart. This can mean improving on planning, management, and targeting, along with many other things. The first step in actually doing so, though, is periodically reviewing and analyzing where you are in the market, and what you are doing. Looking at the […]
Marketing is the process of moving all products and services from the concept phase to the consumers. Many think it is about providing value to the customers. It might seem easy to outsiders, but marketing is an important and complicated process. Usually, marketing entails working with the 4 P’s. The 4 P’s of marketing are […]
There are many external environmental factors that can affect your business. It is common for managers to assess each of these factors closely. The aim is always to take better decisions for the firm’s progress. Some common factors are political, economic, social and technological (known as PEST analysis). Companies also study environmental, legal, ethical and […]
There is no doubt that the society is continually changing. The tastes and fashions are a great example of this change. One of the most significant differences is the growing popularity of social media. Social networking sites like Facebook have become very popular among the younger people. The young consumers have grown used to mobile […]
Mastering some of the forces that impact your business is more challenging than handling others. The extent to which you can control them differs. You can change how internal and external factors affect your firm. You cannot make the economy grow. But, you can encourage spending. Learning more about the factors at work will better […]
It is not easy to manage a diverse team of employees. There are certain factors managers need to keep in mind when handling operations of an organization. Managers who were leading the way in the early 1900s had very little external resources to use and develop their management practices. Theorist Henri Fayol recognized this gap […]
When you are running a business, you need to monitor and scrutinize both internal and external factors to make sound decisions regarding its aspect, most notably product development, pricing, distribution, and promotion. If the business simply relies on guesswork instead of facts and figures that can be put down on paper and analyzed, it will […]
Many different companies around the globe rely on STEEP analysis for their brands. Their common goal is to either determine strategies for the future or to comprehend the market before launching new brands. STEEP analysis has become an essential tool for market planning and strategizing. You should carry out this analysis to gain better understanding […]
STEEPLE analysis is a strategic planning tool. It can be helpful when planning the strategic positioning. SWOT Analysis is a popular alternative. STEEPLE is more advanced as it deals with macro-environmental external factors. STEEPLE offers an overview of various external fields. It is an acronym for Social, Technological, Economic, Environmental, Political, Legal and Ethical. You […]
The STEEPLE analysis of the business environment of Samsung is part of the company’s strategic analysis for the medium and long term. The goal of this study is to assess the prospects of Samsung. Samsung is a global company in the consumer appliances and gadgets market. It started as a South Korean family-owned business but […]
Environmental analysis is a strategic tool. It is a process to identify all the external and internal elements, which can affect the organization’s performance. The analysis entails assessing the level of threat or opportunity the factors might present. These evaluations are later translated into the decision-making process. The analysis helps align strategies with the firm’s […]
Keeping a business afloat and also striving for growth and expansion requires you to come with techniques and systems that help you serve your customers without exceeding your budget and depleting your resources. This in turn requires that you create a profile of your ideal customer, create and test your marketing mix, promote clarity in […]
By definition, business analysis is the discipline of recognizing business needs and findings solutions to various business problems. In simpler words, it is a set of tasks and techniques which work as a connection between stakeholders. These help them understand organization’s structure, policies, and operations. They can also recommend solutions to help the business reach […]
For both small and big businesses, managing business effectively is difficult. One of the most essentials skills needed is the ability to assess the competitive environment. Entrepreneur and managers must comprehend the competitive environment of the business. There are several ways to analyze the market and business environment. SWOT analysis is the most commonly used […]
A business that doesn’t know its tools is a business that is destined to fail. In this article, we are briefly going to talk about market analysis tools (i.e. the most common methods to understand your target market), and how you can use them to achieve business success. But first, let us answer an important […]
The future is not detached from the present. If you want make an accurate guess of where you business will end a few years down the road, all you need to do is answer this simple question: How Do You Define your Business Strategy? If your business strategy isn’t clearly defined, that you will find […]
Business Analysis is a very commonly used term in the business world. It is set of tasks and techniques which are used as a link between stakeholders. The analysis can assist you to better understand the structure and policies of your company. With the process, you can also find new ways to reach important goals. […]
Before we venture into the details on this important topic, let’s briefly discuss what business impact analysis is. Business impact analysis, also called BIA, is a vital part of any company’s business continuance plan. Two things make BIA up. They are: The exploratory component. This reveals any vulnerabilities in the system The planning component. This […]
If you want to earn the designation of Certified Business Analysis Professional but are confused where to start, you’ve come to the right place. I’ll break the process down into six small steps. I will briefly explain the process and discuss how you must prepare. Data suggests that many people who apply for the exam […]
In the business world, the terms Business Analytics and Business Analysis are often used interchangeably. Even though there are some obvious differences between the 2 processes, people tend to equate them. There, of course, are some similarities between the 2 processes. Business Analytics and Business Analysis have some common functions. They are: – Analyze and […]
Business Analysis is a set of tasks and techniques used as a connection between stakeholders. These help them to understand the firm’s structure and policies. The process can also recommend solutions which help to attain business goals. In order to apply Business Analysis effectively, analysts employ different analytical tools. I will discuss all the tools […]
Conjoint analysis is a statistical technique used for marketing research. It is used during marketing analysis to determine what a customer wants. Conjoint analysis determines how different consumers’ value different products based on different attributes. How does conjoint analysis work? Conjoint analysis can be referred to as an advanced tool for marketing analysis. It is […]
In this article, I will discuss the importance of Business Analysis Training for business analysts. Before I venture into more details about how the simple training can boost your career, let’s talk about the business analysis process briefly. It is essential for businesses to set themselves apart from competitors. This is especially important to survive […]
In order to run a business smoothly, you need to do a lot of things. These things include doing a certain analysis. You forecast your profitability, decide what combination of resources to use, assign the work order to different employees and so on. The business does a SWOT analysis which is basically finding out the […]
Marketing data analysis is a technique where the business will take all the available information regarding the market and come up with a marketing plan. It is a very vital piece of activity for any sort of business. It also shows you how well you have done in the market using your current marketing techniques. […]
