Category: Management

Feasibility Study: Putting up a new Business or Buy an existing one?

| February 18, 2011 | 0 Comments

Feasibility studies aim to objectively and rationally uncover the strengths and weaknesses of the existing business or proposed venture, opportunities and threats as presented by the environment, the resources required to carry through, and ultimately the prospects for success.

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Management: Kinds of Economic System

| May 1, 2010 | 1 Comment

1.      Capitalism is a system in which the means of production are owned and operated by private individuals.  It is a system of economic organization wherein privately-owned capital, and property rights are privately invested with the ultimate aim of personal gain.

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Management: Kinds of Business

| January 28, 2010 | 0 Comments

Business activities may be divided into three kinds: Industry Commerce Services

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Why People Engage in Business

| January 28, 2010 | 1 Comment

Human behavior, involves a complicated process of stimulus-and-response system to many factors and motives.  People engage in business because of the following reasons:  Power Profit Service to the community Prestige Livelihood Social approval, etc..

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