Business growth planning is usually an extension of the business owner's original plan. Growth plans contain information on how a business owner will expand facilities and acquire additional ...

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 ...

The workplace has changed dramatically since the first management theories were conceived. Modern management is not a one-size-fits-all practice. Therefore, it is helpful to gain an understanding ...

An apt, single-word description of a bureaucratic organization would be 'tight.' In this kind of organization, there are policies and procedures for everything. There is tight control over the day ...

The first step toward understanding what a direct channel of distribution offers - also known as a direct marketing channel - is to understand what a channel of distribution is. Simply, a ...

Why Is Organizational Structure Important?. There are a number of factors that differentiate small-business operations from large-business operations, one of which is the implementation of a ...

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 ...

A business that doesn't budget sets itself up for a host of financial problems down the road. This is true for businesses of all ages and sizes. Conversely, a business that develops short- and ...

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 ...

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