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Category: Business

Market flexibility is not to be neglected

Market flexibility is not to be neglected

Instead of following a strict plan, managers must help organizations to respond to unpredictable market conditions. Market flexibility is important, and when done prudently, can deliver high returns. To get a better idea of how market flexibility works, take note of the following three points: Markets change rapidly and unpredictably. As a result, managers must constantly adapt their decision models and plan. Managers must identify their market objectives and adjust their plans in response to unexpected market changes. Each point…

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Drones in food tech

Drones in food tech

One of the ways for food techs startups to utilize modern technologies is using drones to deliver food. Drones can be useful in delivering services like food delivery and last-mile delivery services for businesses and people. In a time where people are concerned about environmental matters, drone technology is now used regularly by people for business purposes. What drones can do for foodtech companies is allowing them to offer other food or food-related services as well. There are startups that…

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What is Corporate Social Responsibility?

What is Corporate Social Responsibility?

Almost all large corporations voluntarily take steps to improve the quality of life in society thanks to corporate social responsibility (CSR). Corporate social responsibility is part of an organization’s development strategy that is aimed at taking into account the interests of society. CSR helps to increase trust and loyalty to the company on the part of all participants in business processes. Therefore, it should be undertaken by all. When this is not the case, the results are adverse. CSR results…

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Strategic Management is Still Relevant In Modern World

Strategic Management is Still Relevant In Modern World

Strategic management is very important for any company that want to gain a competitive edge. This is particularly true in industries where change and innovation is the norm, including travel, automotive and even travel insurance. It is increasingly being recognized that companies and people who are not willing to embrace change and be innovative and adaptive in their thinking, will not survive. So what is the right balance between strategic management, innovation and adaptability? Can these be delivered in a…

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The Hiring of Diverse Team

The Hiring of Diverse Team

In recent years, companies around the world have found that inclusivity and diversity can drive their revenue. It’s true that diverse management team leads to improved innovation and financial performance. It can also lead to faster growth, better customer loyalty and increased talent retention. You don’t have to look far to realize that you can’t do great if you don’t do good. This doesn’t necessarily involve the need for a diversity-in-all-things but rather the need to be fair and inclusive…

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