The Business environment is the collection of the business internal and external factors which can affect the business directly or indirectly to run smoothly
Demand forecast methods explain the advance steps taken to analyse the future or expected demands by the company. There are various ways used by the organisations depending on the need of the business. This is further explained with example in detail to elaborate the concept of demand forecasting tehniques.
Team dynamics define refers to the psychological factors that influence the team’s behaviour or performance. Therefore, it becomes important to know about group diversity for which there are various models. Moreover, the strategy to build a good team dynamics is also mentioned.
Voidable contract examples refers to the valid contract which gets rejected at the option of aggrieved party. There is a mutual agreement between the parties which is enforceable by law but stand voidable on grounds of misrepresentation, fraud, coercion, mistake etc. however, it depends on the unbound party to decide at the point whether to make the contract voidable or fulfil the contract obligations by noting on specified issues.
Definition of environment scanning Environmental scanning in strategic management is termed as the utilisation and possession of information regarding patterns, relationships, occasions and trends within a company’s external and internal environment that impact the future and current strategies. An environment should be scanned to determine forecasts and growth of the factors that influence an organisation’s success. … Read more
Definition Of Demerger Demerger’s example can be quoted in different ways depending upon the type of the demerger. However, we need to discuss some basic definitions to get a better understanding. A demerger is the transfer of business undertakings to another company. Therefore, the company that receives the undertakings is called the resulting company. The … Read more
Introduction The RADPAC model is a kind of negotiation model that explains a certain process through which negotiation can be held. The negotiation model is largely used in corporations and will be discussed later. For better understanding we need to know the other terms which are explained as follows : What is Negotiation? This concept … Read more