Assessing risk is important to protect individuals, assets, the environment, etc. Risk assessment is a key element of broader risk management strategies and is used across multiple sectors. If you want to learn about how to conduct a risk assessment, we have a few basic guidelines to help you get started.
It’s 2020, and we are fully cemented in the gilded age of technology. This tech-heavy and Internet-centric age that we are living in comes with some advantages and disadvantages. In terms of the job market, many jobs are switching from human-based and analog to automated and digital. Technology has definitely created many jobs, but it …
Good communication is one of the foundations of every successful organization. And when faced with a major challenge like a pandemic that forces us to work more remotely, communication within your team must adjust accordingly to keep with the times and keep your members efficient and productive. Recently, the buzzwords “synchronous” and “asynchronous” communication have …
The future of work has a new outlook after everything that happened this year with the pandemic. We will probably see big changes sooner than expected. But you shouldn’t wait with your arms crossed for your skills to become outdated and be replaced by machines. Instead, take action and learn some tech skills that will …
The business world is full of bad presentations. We’ve all been in a boring meeting where somebody’s presenting a block of text on the screen, and it’s so difficult to devote your full attention to the presentation without dozing off. What’s worse is when you’re the one presenting, and you can see your team struggling …
Have you ever had a project that you finished way later than the time you planned to finish? Or no matter how many times you’ve done a task following a certain schedule in the past, you always plan optimistically that you’ll finish ahead of schedule this time around, but you never do? We’ve all been …
Some businesses experience exponential growth. This is common for startups that have weathered the storm and are ready to make a rapid profit after achieving a sizeable market share or popularity among its customers. The growth pattern for such a business appears like a hockey stick. This line chart has a lot to tell about …
Developing a product that fulfills customer needs and delights them requires carefully analyzing various customer needs and market demand for features that might give your product an edge. The Kano model presents a framework for analyzing and catering to customer demands by analyzing different essential aspects of a product.
The five Ps of the marketing mix include product, place, price and promotion, with some extending it to seven Ps with the addition of packaging, positioning and people. Among these five or seven Ps there is only one which generates revenue, i.e. ‘price’. Therefore, it is important to ensure that businesses use the right pricing …
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