Officers act as agents. They act on behalf of the corporation, and they also owe a fiduciary duty to the shareholders of the corporation. Like directors, corporate officers must discharge their ...

Common Food & Labor Cost Percentages. If you are running a restaurant or food service business, you understand that the most important costs under your control are food (including beverages) and ...

Why Do People Buy Brand Names?. Understanding the motives and interests of your target market helps in making product decisions, developing a store layout and promoting your business. Product ...

What Are the Advantages of a Diverse Workforce?. In this era of economic globalization, many companies are making efforts to achieve workforce diversity, which aims to employ workers from ...

Corporate Strategy Vs. Marketing Strategy. Corporate strategies and marketing strategies often coincide or overlap because, contrary to popular belief, a major focus of marketing includes the ...

Cultural Influences on Marketing Strategies. Companies that are growing are always on the lookout for new opportunities. Some of these opportunities present themselves in new countries. Product ...

Five Attitudes That Are Important in Workplaces. It may seem as if skills and experience are the most important characteristics of an employee, but attitude plays just as big of a role. After all ...

5 Ways to Terminate a Contract. A contract is a legal document that binds at least two parties to one another. A contract requires one or both parties meet obligations detailed in the contract ...

Communication channels are the means through which people in an organization communicate. Thought must be given to what channels are used to complete various tasks, because using an inappropriate ...

Types of Business Risk. Risk means that there is a chance that you won't receive a return on your investment. It is an exposure to danger to your bottom line. When you are in business, you need to ...

The five stages of the process are goal-setting, analysis, strategy formation, strategy implementation and strategy monitoring.

The Effects of Conflict Within an Organization. As organizations strive to achieve their goals, they are often met with challenges they must overcome as a team. Challenges leave room for conflict ...