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Theories & Concepts

28.06.21 Theories & Concepts Time to read: 7min

Scoring model – step by step guide

A scoring model is crucial for institutions of higher learning when it comes to selecting students to join their courses. It helps your recruitment...

12.04.21 Theories & Concepts Time to read: 5min

SWOT Analysis – Your Guide to Success

In this article, you will discover everything you need to know about the method of SWOT analysis. You may be wondering what SWOT stands...

06.04.21 Theories & Concepts Time to read: 7min

Ansoff Matrix – Effective Tool to Increase Sales

Organizations need to frequently find new ways to enhance their sales volumes and profits as well as reach new customers. There are several strategic...

10.03.21 Theories & Concepts Time to read: 7min

Value Proposition Canvas – visualize customer requests

If you are starting a business or looking forward to improving on the one you own currently, a value proposition canvas can make all...

25.02.21 Theories & Concepts Time to read: 7min

GAP Analysis – close operational and strategic gaps

In this current economic state, the market is packed with a wide range of businesses. Each of these organizations competes against each other for...

18.02.21 Theories & Concepts Time to read: 7min

Porter´s Five Forces – to analyse Business Competition

Michael Porters Five Forces theory has altered how we look at companies' profitability within an industry. For this reason, this theory is one of...

02.02.21 Theories & Concepts Time to read: 8min

BCG Matrix for Indicating a Portfolio

The BCG matrix is a planning and analysing tool developed for Boston Consulting Group by Bruce D. Henderson in 1968. Its purpose is to...

26.01.21 Theories & Concepts Time to read: 7min

ABC Analysis – Prioritize your Inventory

In inventory management, it can be pretty challenging to deal with several suppliers and thousands of parts. That is why your organization’s personnel must...

19.01.21 Theories & Concepts Time to read: 7min

Eisenhower Matrix for Time Management

Tasks are every day's responsibilities that each person requires to attend. Prioritization is crucial to ensure productivity in terms of urgency and importance. The...

22.12.20 Theories & Concepts Time to read: 7min

Grounded Theory

If you are a college or university student, you have probably come across the term grounded theory (GT) in the course of your study...

12.11.20 Theories & Concepts Time to read: 8min

Business Model Canvas – Key Components Explained

Starting a business from scratch is quite a challenge. It requires a lot of work and planning. The amount of preparation put into the...

05.11.20 Theories & Concepts Time to read: 7min

Balanced Scorecard- Definition and Perspectives

Balanced scorecards were mainly created to help businesses monitor their activities using a different perspective to achieve progress. This article will discuss the importance...

29.10.20 Theories & Concepts Time to read: 7min

SMART Goals – Definition, Advantages & Disadvantages

SMART belongs to methods & concepts and is an acronym used as a guideline when setting objectives for personal development, project management, and managing...

20.10.20 Theories & Concepts Time to read: 8min

PESTEL Analysis – External Business Environments

A PESTEL analysis is a business tool used by organizations looking to introduce a new product or service to the market. It is an...

15.10.20 Theories & Concepts Time to read: 7min

Benchmarking- Why it’s Important

Benchmarking in an organization is considered to be one of the most efficient processes to help identify the best information practice and improve activity....

08.10.20 Theories & Concepts Time to read: 7min

Maslow’s Hierarchy of Needs – an Overview

The human motivation theory developed by an American psychologist Abraham Maslow and published in 1943, proposed a five-level model of fundamental human needs. Maslows...