Entrepreneurship is nothing but self-employing. An entrepreneur should have innovative ideas and should plan proper strategies to implement those ideas. The process of entrepreneurship also involves decision-making and forecasting. To start any business, entrepreneur has to find sources for financing the business and then earn profits from the business deals. Continue reading
Samsung Electronics Co Ltd is one of the famous manufacturing and selling of electronics and computer organisation. It is founded on 13 January 1969 and it’s headquartered in Suwon, South Korea. Samsung entered the electronic industry in the late 1960s and the construction and shipbuilding in Mid-1970s. It provides high quality of home appliances, telecommunication equipment, semiconductors solid state drives, Continue reading
Oman Oil Company is a commercially owned company by the government of the Sultanate of Oman. The company is a national petroleum investment company. Oman Oil Company was established in the year 1996 where the company has invested in power generation, oil refining, energy transportation, infrastructure, and petrochemical manufacturing. Besides, the statistical data of the company states that they have owned 49% stake in the Oman Oil Marketing Company. Continue reading
The automotive industry has been undoubtedly one of the biggest and ever-evolving businesses since the industrial revolution. From just being a subject of commutation to being a symbol of status, the cars have evolved over years to meet the changing needs of the consumers. In the modern era of globalisation, the automotive business firms compete on a worldwide platform delivering to the customer a wide array of car models, differentiated by segment and type based on the diversified requirements of the customers. Continue reading
In the present era, businesses are focused on the effective use of technological tools in respect to improving their performance. By having a consideration of critical standards in the application of technology the issues can be resolved effectively and leads business to an impressive level of success. Travel and tourism sector has a diversified service that needs the assistance of technology. Continue reading
As early as in 2006 it was argued that social media started replacing traditional sources of information (Jepsen, 2006). Later, it has been supported that social media might influence the buying behaviour process; at least as described in Inputs-Processing-Response models (Constantinides& Fountain, 2008). Moreover, De Valck, Van Bruggen, &Wierenga (2009) suggested that virtual communities are becoming important networks of consumer knowledge that influence consumer behaviour. Continue reading
Please pick a non-US company (Fast Retailing Company from Japan) that interests you and walk me through your company’s annual report
What is a strategy?
Term strategy is quite loosely used in industry and even in real life. As defined by Michael Porter in 1996 (Porter, 1996) that operational effectiveness, total quality management, benchmarking, re-engineering etc. is not a strategy. Similarly, the idea of doing something different in a situation is a simple trick but not a strategy. The argument is based on the logic that these steps or activities, though provided gains to the firm in short run but could be easily imitated by the competitors hence rarely lead to a source of sustainable growth. Hence the bigger question arises, what is a strategy? Continue reading
Business-to-business refers to a model that sells products and services to other firms. It mainly acts as a supportive enterprise that offers services to help other companies succeed. The marketing purpose is the production of goods and general business operations (Batt and Purchase, 2003). For instance, Xerox, an American global corporation that provides paper and print services to other businesses. Continue reading
Artificial intelligence is taking the world by storm. This has made has a strong mark in the technology and manufacturing industries. This is also helping organizations to analyze the data. Today, technology has gone to the extent where a computer is able to talk to humans, recognize their faces and even is turning off the lights and refrigerators in our homes. Continue reading
In order to have a better market concentration, it is necessary for an organization to have better market capitalization and presence in the mind of the customers. There are many possible aspects to sectionalize one market and make some targeted option on which, the marketers can apply their thoughts and their approach techniques. I would like to tell you the marketing story of my favorite pizza brand – Spiro’s Pizza. Continue reading
Air cargo is said to be one of the most challenging modes of transportation all around the world, even after being the quickest and the fastest one. Despite the regular issues with the weight of the cargo/shipment, it still remains a popular choice. Continue reading
Freighter Flights are mainly meant to carry and transport goods and commodities and they have their own business models. In this section, the business model of Freighter Flights of combination carriers is discussed that includes the fact that how the carriers carry goods and those carriers also carry passengers at on the other hand (Gumy et al. 2017). The business model of Freighter Flights of combination carriers include goods handling and operations, logistics network which is all about moving the Continue reading
The United States Supreme Court made a decision in 2007 which provided a greater tolerance for vertical resale price maintenance (RPM). A vertical RPM is a minimum price maintenance agreement in which a manufacturer maintains a price floor at which distributors or retailers might sell their product. Since this vertical minimum RPM agreement, it is possible that online retailers might refrain from using their low-cost structure to underprice their competition. Continue reading
Logistics are the part where products are kept for transportation to the customers from different business ventures. Now if several grocery products are kept outside the refrigerator and sold to the customers what would be the problem? Continue reading