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What Is a Contingency Plan?

If things don’t work out as you plan what are you going to do? With a bit of luck you will have a backup plan, and if you don’t then you might be in big trouble. When we make plans we always hope that things will work out as we expect. It doesn’t always happen like that and so it pays to plan for the worst. A contingency plan then is a backup plan that we can turn to when things start to go wrong. All successful companies will have a contingency plan; in fact they will likely have many for the different aspects of the business.

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What are KPIs?

Measurement is important in many areas of business and this is why KPIs are so useful. The area of business that is in most need of measurement is performance because this provides data that can help direct the efforts of the management. If a company does not clearly know if they are performing well or poorly they won’t be able to properly develop a winning strategy for success. Read the rest of this entry »

What is Asset Management?

If you are fortunate enough to have a lot of wealth you will likely benefit from some type of asset management. This is a popular option for the super wealthy and most of the rest of us would be unlikely to need such a service. A firm that specializes in asset management can expect a lot of money for their services, but when they do their job correctly they make bundles of cash for their client.

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What is Time Management?

If you visit a bookstore and look in the business section you will likely find many books devoted to time management. There have also been millions of magazine and web articles devoted to this topic. Time management is important because this is a commodity that is often in short supply. Some of the most successful people in the world have reached their position by the fact that they are just so effective at this skill.

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What is a Vision Statement?

If you do some research of all the top companies around the world you are likely to find that all of these have some type of vision statement. This is more than just something that is used in a brochure to impress clients, but it is something that should act as a beacon for the company. When you create a vision statement for you company you are putting into print your aspirations for the business; these aspirations will then become something that you will work towards in the future.

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What Is Supply Chain Management?

800px-A_company's_supply_chain_(en)Supply chain management has been described as covering all aspects in the development of a product or service and is concerned with how to make this as cost effective as possible. What this means in practice is easier to understand by means of a real life example. Imagine there is a business that creates and sells footballs; supply chain management will be concerned with all aspects of the process from the storage of the materials to making the balls to sending them off to customers – if the business hopes to be as successful as they can they will want this all to occur in the most cost effective way. Read the rest of this entry »

Top 6 Best Business Management Books Reviewed

The good news is that if you are interested in business management there will be plenty of good books available to provide the information you need. The fact that there is such a huge appetite for this type of book means that there are always great new titles appearing. We are also fortunate because most of the brightest business minds in the world have already put their ideas into print. Here are just some of the best business management books you will find today.

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Top 6 Best MBA Books Reviewed

Studying for an MBA is tough but the good news is that there are plenty of great books that can help you acquire the knowledge you need. Even if you don’t plan to officially study for an MBA you may find it very useful to study these books; although these books have been mostly written for those sitting the exams they can be a great reference resource for anyone. Here are just the top 6 best MBA books reviewed.

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