The Product life cycle explains the product evolution stages during the entire product life cycle. There are generally four product life cycle stages: market introduction market growth market maturity market decline Market Introduction During this stage the product is has been introduced for a first time by using above average advertising and promotional investments by … Read more
Recruiting Challenges in Today’s Difficult Market Obtaining the right person for the right position can be a challenge. Though with today’s multitudes of recruitment methods life can be a bit simpler, the economic situation does not allow for much flexibility. Traditional methods of recruiting employees through advertising, internal job postings, job fairs, college recruiting, and … Read more
Every time a company makes a decision to hire a new employee it should look at the total cost. By focusing on the direct cost only or focusing on the salary range in many cases poor decisions are made. This is especially true for many professionals like legal, IT, sales, marketing, etc. As an example, … Read more
The balanced scorecard is standardized management methodology in a way that analyzes the organizational performances by using 4 different perspectives: financial, customer, internal processes and organizational learning perspectives. Each of these 4 perspectives together create a strategic framework by using cause and effect relationships among various perspectives. The internal process perspective deals with the measuring … Read more
The financial view of your balanced scorecard financial perspective (measuring and managing financial results – revenue, profit, returns, etc.) customer perspective (strategies and tactics related to marketing, sales, CRM, etc.) internal process perspective (KPIs for managing the operations efficiently and effectively) learning and development perspective (developing sustainable organizational core competencies) The top of the balanced … Read more
As business professionals, we’re constantly seeking ways to streamline our workflows, enhance productivity, and uncover insights that drive informed decisions. Excel charts and graphs can be very helpful to improve our reporting, presentations and give us the business insight we need to make smart decisions. With the ever-increasing amount of data, it’s essential to leverage … Read more
Create HR Dashboard in Excel Do it your HR Scorecards by yourself or use the instant excel dashboard templates Simplify your HR reporting and analysis. Continuously track all human resources metrics, info, analysis, trends… on one page report. Executing well your strategy, outperforming your competitors, and achieving outstanding results can only be done by high … Read more
The Sales Index is a crucial metric utilized by businesses to evaluate their sales performance over specific timeframes. It provides insights into trends, efficiencies, and overall market performance, enabling companies to make evidence-based decisions. Understanding the Sales Index is imperative for businesses seeking to enhance sales strategies, optimize operations, and drive revenue growth. Objectives of … Read more
Introducing the Whale Curve: A Powerful Tool for Visualizing Customer Profitability Are you tired of drowning in a sea of customer data, struggling to identify the most profitable ones? Look no further! The Whale Curve is a game-changing chart that helps you visualize your customer profitability and make data-driven decisions. What is the Whale Curve? … Read more