Operations Strategy with Examples
Introduction Organizations rely upon different strategies to achieve their business goals and survive in today’s competitive business environment. These strategies are planned for the long-term …
Business
Competitive Priorities in Operations with Examples
Types of Competitive Priorities Competitive priorities are categorized broadly in the below categories: 1. Expertise in Product or Service Organizations can become the market leaders …
Location Strategies with Examples
Introduction Location is termed as a specific site where organizations set up their business or manufacturing plant and location planning includes selecting an optimum or …
Just-In-Time with Examples
Introduction Just-In-Time (IT) is considered inventory management and problem-solving approach used for the purpose of re-filling or scheduling material, labor, and goods in the manufacturing …
Economics: Definition, Types, Examples & Importance
Definition Types Economics can be studied under the two broad categories- Macroeconomics and Microeconomics. Let’s understand both the categories: Microeconomics This branch of economics deals …
6 Examples of Trade Marketing
Trade marketing is considered as a process or discipline or art of marketing different products and services of the manufacturer to wholesalers, distributors, or retailers …
Enterprise Risk Management with Examples
Introduction All organizations face risk while making different business decisions and do risk management to prevent risk. Risk management is considered an essential component of …
Operations Scheduling with Examples
Introduction In manufacturing or production, operations are considered processes performed on machines in order to obtain the desired output. In scheduling, work is assigned to …
Production Management with Examples
Production activities come under the core area or main activities of all types of organizations. Whether it’s a manufacturing concern or a service industry, all …
PESTEL Analysis: Definition, Examples, Importance & Advantages
PESTEL Analysis PESTEL analysis used to determine the external factors that affect how your business operates. PESTEL stands for Political, Economic, Social, Technological, Environmental, and …
Forecasting Methods with Examples
The two main types and further sub-types of forecasting methods are as under: Qualitative Methods 1. Market Survey This is considered a direct and very …
5 Theories of Advertising (Explained with Examples)
The switch from printed ads to the digital technology driven ads in the 21st century has been rapid and flamboyant. The figure of advertising channels …