When developing a product/service, what should be taken into account?
It’s not just market size that matters. What should entrepreneurs keep in mind when choosing the product or service they’ll offer? Find out in this article.
What is the nominal group technique?
This article is about the nominal group technique, a structured approach to group creativity and decision making. By reading it, you’ll understand what it is, when it should be used, and the steps for effective implementation.
What Are Product Distribution Channels?
This article explains the three different types of product distribution channels as well as the varying levels of complexity and different roles within product distribution channels.
From Concept to Customer: A Deep Dive into Product Management
Product management is the strategic process of guiding a product’s development and success. Discover the key responsibilities and stages involved in bringing ideas to life.
What are revenue streams?
Revenue Streams are the various sources of operational, and non-operational revenue for a company.
How to Manage Customer Relationships
This article explores how businesses can foster genuine connections with their customers to build trust, drive loyalty, and ensure long-term success. It provides actionable steps for understanding and delighting customers.
Mastering Data-Driven Decision-Making for Your Business
Data-driven decision-making relies on inputs such as customer preferences, edge analytics, and AI, prioritizing evidence over intuition and helping automate the decision making process.
What is Merchandising in Business?
Merchandising involves the mechanisms a business uses to advertise and sell their products. Merchandising can be done both online, or in person.
Product Roadmaps: A Reference Guide
This article talks about the product roadmap, its importance, and who owns it. It also talks about the different types of roadmaps and what drives them.
The Future of E-commerce-from Drones to Same-Day delivery
The future of e-commerce is here, with drones, same-day delivery, and autonomous bots revolutionizing speed, convenience, and sustainability.
The importance of finding a niche market
Identifying a niche market lets you focus on a specific segment’s unique needs, thus fostering stronger customer relationships, reducing competition, and eschewing price wars.
How Can Your Minimum Viable Product (MVP) Help You and Your Business?
With 29% of startups failing due to cash flow, this article uncovers proven strategies to help entrepreneurs safeguard and scale their businesses 20 times faster – while steering clear of the dangers of premature growth.
How to write your first business plan
Get guidance on creating an effective business plan that clarifies your ideas, attracts partners, and helps you steer your business toward success.
How to get a business BBB accredited
This article looks at how to get your business BBB accredited. There are three steps to do this. Want to ensure you know what they are to get your business accredited? Read to learn more.
Bureaucratic Management: The Backbone of Big Business
Bureaucratic management is a structured approach that relies on hierarchy, rules, and defined roles to ensure efficiency and control within large organizations
What is the Small Business Administration and how does it benefit your business?
Founded in 1953, the U.S. Small Business Administration (SBA) provides a wealth of resources to entrepreneurs. This article provides context and guidance on how to leverage SBA.
Cause, Impact and Management of Affective Conflict
This article builds on a previous topic published in the Pitch Labs library on Affective Conflict, a common type of disagreement fueled by emotions. The article analyzes its causes and impacts, and presents measures to navigate and avoid these conflicts.
What is theory x y and z?
A summary of Theories X, Y, and Z, and how the assumptions of each can help leaders overcome assumptions to effectively motivate their employees.
What are inbound and outbound logistics?
Inbound and outbound logistics are key processes that describe how goods move throughout the supply chain.
What is the Equity Theory of motivation?
We investigate the importance of motivation theories in complex work environments and outline major conclusions from the equity theory of motivation.
What is moral intensity and what factors affect it?
The moral intensity model suggests that people make ethical decisions based on six factors of a moral problem.
What is the four gate model of entrepreneurship?
The entrepreneurship journey is pictured as having four stages/gates, starting at the idea gate and ending at the exit gate, and critical features are explained.
What is an Employee Evaluation and What Is Its Evaluation process?
An employee evaluation is used to rate an employee’s areas of strength and need for improvement. It involves preparation, evaluation meeting, evaluation report, follow-up, documentation and implementation, and continuous feedback.
What Are the Seven Key Concepts in Entrepreneurship?
Entrepreneurs play a major role in shaping our world, and entrepreneurship is a force for positive change and empowerment. Entrepreneurs see opportunity in problems and articulate solutions that no one else even identifies.
What is Cognitive Conflict?
Cognitive conflict is the anxiety and tension that affects an individual when cognitive dissonance occurs. Managing such conflict is essential in the workplace.
What is Stakeholder Management in Project Management?
This piece details what a stakeholder is, the relevance to project management, and how to manage stakeholders to run a smooth project.
What are the psychological states that help employees feel motivated?
The main psychological states that help employees feel motivated include knowledge of results, experienced meaningfulness, and experienced responsibility. This blog post looks at each of these states and what’s involved in them..
What is Corporate Culture? What are visible signs of a business’s culture?
Having a strong corporate culture can do wonders for employee engagement, retention, and productivity. Leaders play a critical role in shaping that culture.
Humanistic Management – Need of the Hour
This article describes the development of humanistic management theory, its core principles, and why practicing this people-centered management approach is important.
What is rational decision-making? What are the steps?
This article illustrates rational decision-making and the steps involved.