Category : entrepreneurship
Maximize on account receivable collections – Strategies

Introduction and Definition of Credit Risk Credit risk is one of the major business risks that has brought businesses, including major multinationals, to their knees.  Credit risk is further more dangerous for a business under incubation. This article will teach you how you can maximize on account receivable collections and keep your business going. Simply put, … Continue reading Maximize on account receivable collections – Strategies

Business environment analysis in strategic management

The Concept of a Business Environment A business environment refers to all conditions, whether internal or external, that affect the operations or success of an institution established with an aim to make profits. There are three distinct business environments which are: Internal business environment External business environment Operating business environment Internal business environment This type … Continue reading Business environment analysis in strategic management

Mergers and Acquisitions – How businesses are valued

Definition of mergers and acquisitions A merger refers to a combination of two firms which are almost equally strong. On combining, the two firms lose their original identity to form a completely new entity. In a takeover situation, the firm being acquired loses identity while the acquiring firm maintains its identity. The acquiring firm is … Continue reading Mergers and Acquisitions – How businesses are valued

Business intelligence and why it is important

Definition and overview of business intelligence Business intelligence is the process of acquiring high quality information about a particular subject matter being researched on, to enable individuals analyze the information and draw conclusions or make assumptions. Others define business intelligence as the use of technology to collect and effectively use the information to improve business … Continue reading Business intelligence and why it is important

Business Clusters and Why They Are Important

Definition of business clusters Business clusters are a set of interrelated, specialized business enterprises that exploit geo-economics that is, interrelated businesses networked and consolidated in a single location. A set of companies providing the same services are located in the same area, street, city or business blocks. Sectoral business clusters are the most common type … Continue reading Business Clusters and Why They Are Important