Overcoming Cultural Barriers to Change – 5 Best Ways
Overcoming cultural barriers to change deals with reducing the resistance to improve and also know how to remove the obstacles for improvement. Resistance to change is obvious and hence it pays to prepare for it. There are common causes for resistance, such as loss of control or increased uncertainty. But, each change will also have […]
Mergers and Acquisitions-The Ultimate Guide 2020
Mergers and Acquisitions (M&A) is a way of consolidating two companies. Here companies join hands with each other to do business. There are various reasons why any company goes for mergers and acquisitions step. Also, there are a lot of companies as mergers and acquisitions examples. We will be discussing all M&A in this blog. […]
Corporate Social Responsibility-The Most Effective Strategy
We all know that companies take the resources from the environment to make a product. So they all have the corporate responsibility to give back something to society. This concept is not new in the corporate world. It got implemented way back. So every company has to follow this. Suppose you start a company producing […]
Diffusion of Innovation-Things You Do Not Know About
The diffusion of innovation is the rate at which a product gets diffused in the market or society. We find the adoption curve of a new product launched by a company. Suppose you have your own company and you have launched a product in the market. You can track the consumer adoption process. Are you […]
What is Product Wise Profitability? Simple Method to Calculate It
People need to understand the product wise profitability not only for which product is profitable, but which product as sold to which customer and delivered to which locations for those customers. Product-wise profitability affects the most out when you decide you are finding the best product out of your other product. Anyone uses this to […]
What is Bootstrapping in Business? 4 Simple Ways to Get Started
Listening to startup ideas is mind-blowing undoubtedly. If we add motivation, it becomes exhilarating. According to me, bootstrapping in business is the best way to start. Implementing these into your actions can be life-changing for anyone who is working hard and also being persistent. May be you can build the next Amazon, YouTube or Instagram. […]
What is Consumer Insight? 5 Real-World Examples – Lapaas
Consumer insight is essential for the company to survive against its competitors. The less the company can understand its consumer, the more difficult it becomes for them to survive in the market. In the end, consumers that generate demand, directly or indirectly, for all products and services. For examples: And the farther you removed from […]
How to do COGS Calculation? 2 Simple Ways to Calculate
by Team Lapaas | Aug 21, 2020, | Strategy | 0 comments 2 Minute Summary COGS stands for Cost Of Goods Sold. It is the cost that a company pays to produce its product or service. All companies incur/bears the cost in the creation of their products. The labour, material, and operating costs, such as building rentals and utility expenses, contribute to […]
Retail Management – Meaning, Strategies, Importance, and Career
If you are a businessman or working for a business, you have heard about the term supply chain management in manufacturing or wholesale business and retail management in retail business. So, You might be manufacturing a product, selling a ready-made product or providing any kind of service to the customers. If you are a seller […]
Logistics Management – Overview, Types, and Process
by Team Lapaas | Aug 21, 2020, | Strategy | 0 comments 2 Minute Summary Logistics is basically a process of transporting goods (either raw material or finished products) from one point to another point. The two major functions of logistics are transportation and warehousing. now you should also know what are the types of logistics. Following are the major types of logistics Like Inbound […]