Introduction The business environment in the modern world is becoming more turbulent and less predictable. The future performance of the business is becoming hard to be predicted because of the ever-changing business environment. Excellent entrepreneurial skills are vital for business survival in a dynamic business environment. Additionally, business innovation and...
Meaning of economic development and small business Economic development is best defined as putting in efforts to grow the country’s Economic wealth by exploring possible options towards improving the well-being and quality of life of a society and a state at large, which can be achieved through job creation and...
Abstract This paper describes a few types of innovation that can provide a competitive edge for a company. Also, it covers successful examples of innovative companies and discusses the use of Six Sigma as a tool to implement innovative techniques into the business process. Innovation has always been one of...
Introduction The UAE has extensively maintained policies that encourage business startups. Further, the federal government has set up policies that attract foreign investments. It is imperative to note that the UAE economy is among the fastest growing economies globally. Traditionally, the economy has been heavily dependent on oil producing sector....
Abstract This research paper investigates Enterprise Resource Planning (ERP) system. It reviews the literature on the subject and provides information on the use and vendor of the software. ERP system incorporates different business functions in an organization with a central software application. The system allows sharing of information, increase efficiency,...
Introduction A business plan is a vital component in the operation of a firm. According to Rhoda Abrams a financial advice expert and Eugene Kleiner, a venture capital specialist (2003, p. 1), a business plan should be well conceived to ensure that the firm succeeds in the long term. In...
Business Plan Introduction A business plan is a formal plan of a set of business objectives, the factors that make the objectives attainable, and the plan for realizing those objectives. It may include background information about the firm or staff attempting to realize those objectives. Business plans may also aim...
Introduction According to Sir Paul Judge, the Chairman of the Advisory Board of Judge Institute of Management Studies, University of Cambridge, any firm exists within the changing environment; thus, it has to detect and predict the external changes and react to them, as well as to implement the inner changes...
Business Planning Process Introduction Before engaging on any business, an entrepreneur or business first has to identify a viable idea. In this case, an idea is feasible if it has the potential of bringing in profits, or meeting other set objectives. Objectives of the company or individual primarily set course...
Business Planning Process Introduction It is of upmost importance for any entrepreneur to develop a well defined business plan before starting on a potentially viable project. A business plan is simply a detailed account of a proposed idea, and could be used by both businesses and individuals (Gartner & Bellamy...
