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Meaning and Concept of strategy, and its characteristics

Meaning and Concept of Strategy The word ‘strategy’ is derived from the Greek word “Strategia”, which means ‘generalship’. The word strategy entered the business world from military science where it was originally used. With competition, this world gradually gained popularity in the business world. Here, Strategy is an integrated and coordinated set of commitments and actions designed to exploit…

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What is SWOT Analysis, and its components, importance, and limitations

Meaning and Concept of SWOT Analysis ‘SWOT’ is the acronym for Strengths, Weaknesses, opportunities, and threats. They are the strategic factors for the success of the company. SWOT analysis is the process of scanning the internal or external environmental factors affecting an organization directly or indirectly. It is concerned with developing an organization’s vision, mission, objectives, and…

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Meaning and Concept of Marketing

Concept Meaning of marketing The term ‘Marketing’ derives from the Latin word, “Mercatus” which means marketplace or merchant. Marketing is associated with the performance of business activities that direct the flow of goods and services from producers to final consumers. It is the process by which individuals and groups obtain what they need and want through creating and exchanging products and…

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My experience creating website

My experience in creating my website ! It’s been a roller coaster ride for me. But, I learned a lot from this experience. I am a student and I love to write and share what I learn and also check my writing skills. Two years ago I wanted to make money online by doing online typing jobs; which were merely popular at that time among our friends. I applied for the jobs but I doubted that it was a…

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Globalization; Forms and impacts in the business and the economy

Globalization Globalization is the process of integration of ideas, thoughts, people, companies, businesses, technology, and governments of different nations in the world. This process has effects on the environment, on culture, on political systems, on economic development and prosperity, and human physical well-being in societies around the world. Therefore, Globalization means integrating the…

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Liberalization; definitions, requirements, Internal and external liberalization

Liberalization Economic Liberalization is the gradual process of lessening government regulations and restriction in the economy. It is the removal of government control to encourage economic reform and development by the great participation of private sector. Liberalization is a broad term that refers to the practice of making laws, systems, or opinions less severe, usually in the sense of…