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Professional Organization – Definition, Meaning, Types
Definition A Professional Organization is an association that is formed to further the interests of people engaged in a specific profession, to advance a particular profession and serve the public...
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Observation Methods – Definition, Types, Examples, Advantages
Definition The observation method is described as a method to observe and describe the behavior of a subject. As the name suggests, it is a way of collecting relevant information and data by...
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Narrowcasting – Definition, Meaning, Applications, Advantages
Definition Narrowcasting is defined as an activity that spreads a specific message to a selected small group and over a small geographical area. Its objective is to deliver customized ads based on the...
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Blake Mouton Managerial Grid – Advantages And Disadvantages
There are a lot of different types of leadership styles or grids for various purposes to fulfill. Perhaps you’d be aware of some of them too. A leader can never rely on a single leadership style; no...
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Talent Management – Definition, Meaning, Strategies, Importance
Talent management is defined as a critical process that ensures that a firm has the best quality as well as quantity of human resources at his behest and can utilize it to meet both present and future...
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Machine Learning – Definition, Methods and Types Of Machine Learning
The term “Machine Learning” was first introduced in 1959 by Arthur Samuel, a pioneer in the field of computer gaming and Artificial Intelligence. Soon after the introduction of Machine learning, it...
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How You Will Create and Share Your Idea Marketing Calendar
Winging it. Flying by the seat of your pants. Improvising. Ad hoc. These are all terms marketers use to describe their marketing process before CoSchedule. The good news is, marketing doesn’t have to...
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What is Labour Turnover? Definition, Causes And Effects
Labour turnover is defined as the ratio of the number of labour or staff who leaves an organisation to the total number of the workforce on its payroll in an accounting period. The labour turnover can...
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Market Power – Definition, Meaning, Factors And Abuse
Market power is defined as the ability of an organization to manipulate the price of a product or service in the market by influencing the demand and supply levels directly or indirectly. It is...
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The 10 Objectives Of Communication
If there is one thing that is true in the world of business, then it is the fact that communication is something that you cannot sleep on. With the help of proper communication, information can be...
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What is a Status Symbol? Factors, Meaning and Examples
Do you know what is a status symbol is? Well, would you want to know about it in the best way? There is not a single speck of doubt about the fact that having a proper status symbol is essential for...
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Key Account Management – Meaning, Strategy, Stages
Before understanding key account management, let us understand the phrase key account. In business terms, Account is a customer who gives you business by purchasing your products or services. This...
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Income Elasticity – Concept, Examples, Types and Benefits
In case you want to measure the relationship between the sales of any product or service and variations in consumer income, then Income Elasticity will help you do so with ease. In any market niche,...
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Job Sharing – Definition, Meaning, Examples, Advantages
Job sharing is defined as an alternative work schedule where two employees share the responsibility of one job voluntarily. This is a full-time position, and the sharing creates regular part times for...
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Job Security – Definition, Meaning, Threats, Advantages
Job security is defined as a belief that an individual will keep his job. This is only a probability and can be both perceived and real. Employees appreciate the security that comes with a steady job...
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9 Strategies To Manage Poor Performance
Performance and productivity are interlinked and interdependent as the former leads to the latter. Organizations pour a large amount of money, time and effort in the process of learning development...
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11 Ways to Deal With A Bad Boss
The quote Boss is always right may seem like few simple words at the onset of your career but as time passes by the employee starts realizing that it was created by a frustrated employee who had to...
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Group Communication – Definition, Role, Advantages And Disadvantages
When an interaction occurs amongst the different members of a group, it is termed as group communication. When it comes to businesses, group communication can be understood as the interaction or...
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Consumer Credit – Definition, Meaning, Advantages, Disadvantages
Consumer credit can be defined as a personal debt given to individuals for the purchase of goods and services. Under consumer credit, the money required for the purchase of the product is paid in...
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Direct Response Marketing – Definition, Techniques, Benefits
Marketing is an integral part of every business, no matter whether it is small or big. Companies adopt different methods of marketing to create awareness about their products. However, in the present...
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