7 Reasons for Business Owners to Use Infographic

While many business owners find it difficult and time-consuming to create amazing infographics, its power must not be underestimated as it offers numerous benefits. Increased inbound links, improved SEO, and enhanced brand awareness are some of the magical gifts to name that infographics offer. As infographics is one of the most effective type of website content that can offer the best value to the readers, every business owner must know the use of infographics to draw attention of a larger customer base and gain some traction in return.

Symphony's E-commerce Strategies : Symphony to Launch an E-commerce Site

Yes, you read it right. Symphony, one of the leading mobile handset brand of Bangladesh, has finally decided to venture into the eCommerce industry. Futurestartup reports that Symphony is going to open its online storefront for its customer. It will offer its products available for instant purchase and customers can have their desired mobile devices delivered to their own doorstep.

How to Track Business Expenses for Soaring Profits

Establishing a business is a huge financial responsibility for an individual. An innovative and strategically active mindset has to inculcated, to bring success in all business endeavors. Small business proprietors have to play multiple roles in the business, wherein they have to take into account the monthly transactions, expenses and the revenues generated by their business. For them it is very important to remain organized and updated about the revenues and the expenditure.

How administrative management contribute to the implementation of strategic decisions?

Administrative managers play the most significant role in translating strategic vision into solid steps that helps organization to implement strategies. Reinhardt and Stavins (2010) opined that good administration is necessary for the success of all organization. The success of strategy implementation heavily depends on the interpersonal skills of administrative managers and on the way they get the job done.

What is strategic drift? What are the possible ways to avoid strategic drift?

What is strategic drift? 

Strategic drift is a concept of strategic management that refers to the response of organization when going through a changing environment. Different situations and unexpected challenges are very common aspects that may arise anytime when driving and developing strategic change within the organization. Strategic drift can be defined as those situations for which organizations fail to result the expected strategic outcome.

Revolutionary Approach VS Evolutionary Approach

Managers deal with many challenging situations when positioning their organization one step ahead in competitive advantage. In order to achieve competitive success, every business organization strives to bring change that has a positive impact on the way the business process operates (Haberberg and Rieple 2008).

How leaders contribute to organizational change?

Change is a very frequent organizational incident. To express the inevitability of change, Dr.Alex Krauer stated that "Whether we like it or not, change is with us. We either actively participate in it or passively ignore it. In the latter case, the future will punish us." Mark A Morgan, managing director and head of Gulf onshore, Citigroup Private Bank, commented that "Leadership is about being adaptable to change and uncertainty”.