6 skills of human resources professionals
Human resources professionals who work in organizations are either generalists or specialists. Generalists, who are more common in small and medium-sized businesses (SMEs), are...
Programmed Decisions and Nonprogrammed Decisions
In the intricate world of managerial decision-making, the distinction between programmed and nonprogrammed decisions forms a pivotal framework for effective choices. The dynamic interplay...
Distribution channels: definition, types, functions and examples
"The distribution channels, or 'distribution chains,' are the paths followed by a product from the producer to the consumer. They highlight the intermediaries that...
6 Barriers to Effective Decision Making
There are several barriers to effective decision making. Competent managers are aware of these potential obstacles and try to overcome them as much as...
4 factors influencing consumer purchases
The purchasing needs of consumers are influenced by many cultural, social, personal and psychological factors. We will examine the 4 factors influencing consumer purchases...
Economic goods: definition and classification
Goods are the means that allow needs to be satisfied.
Upstream, we can note the existence of two types of goods:
natural goods or free goods:...
Classical Unemployment and Keynesian Unemployment
To comprehend the distinction between classical and Keynesian unemployment, one must delve into the causes of unemployment and the respective analyses offered by these...
TOP 5 CHALLENGES OF DIVERSITY IN THE WORKPLACE
As companies strive to stay competitive and relevant, understanding the challenges of diversity in the workplace provides is essential. In this article, we will...
Differences between microeconomics and macroeconomics
Every community faces daily challenges that economists traditionally summarize in three fundamental questions: what goods and services to produce, how to produce them, and...
Strategic Management: Definition, Typology, and Process
Strategic management is one of the many disciplines that stem from strategy and simultaneously connect management with strategy. Strategic management is considered by many...