As a business owner, it's easy to fall into the trap of overspending. Whether it's poor planning or lack of control, overspending can have serious consequences on your bottom line. In this article, we'll explore the most common causes of overspending and provide practical tips for avoiding them.
Read more ...Understanding consumer behavior is important for marketers because it can help them understand what influences a consumer’s buying decision. Knowing what drives your prospects to choose one product over another can create better sales strategies for your business. The Covid-19 pandemic has impacted consumer behavior and caused changes in shopping habits. Consumers are increasingly shopping online, because it's more convenient than physically visiting a store. This happened at the same time consumers were trying to save money during the recession.
Read more ...Nike is one of the popular known brands who manufacture sports and clothing. It manufactures shoes through subcontractors, most of which are located in Asian countries that have large non-employed population and low cost workers. Nike had been steadfast in their commitment to make CSR a priority. The company’s determination was triggered by a steady stream of bad press regarding the environment, labor and other social issues around the world. In 2005 this attitude shifted when Nike began disclosing their CSR activities after a couple of years of silence due to legal concerns. After several audits Nike reported that a large percentage of their overseas factories have their employees working in terrible environments for low pay and in unsanitary health conditions. With Nike planning to reshape the way customers, supplies, investors and regulators see the company. They are changing it from a closed system and making it more open so that suppliers and customers can relate to Nike. One of Nike’s problems is that its leadership and management style has become “leaders beyond borders” meaning leaders reach out to more than just their professional role to engage people on shared goals. By doing this smaller trade flows between some countries will be lost as they strive to meet this goal.
Read more ...Coca-Cola is one of the most recognized brands in the world, but this popularity is largely due to the way its consumers interact with it.
Read more ...Business intelligence is one of those hidden gems that bring your business to life. It’s not just about the technical data processing—it’s a whole different way of looking at things, from how you communicate with customers and make decisions to the steps that help you manage projects. The point of business intelligence is to provide objective and tell you information, not necessarily optimize decisions. It’s enough that stakeholders understand what happened with the product. We provide data as well as a variety of analytics to help stakeholders make decisions based on the tailoring data. If you’re an IT leader, one of the most important things you’ve got to do is ensure that everyone in your company has access to powerful business intelligence tools. By understanding what business intelligence is, why it matters, and the life cycle, you can ensure that every person in your company has access to the right tools for their jobs. In this guide, I’ll explain everything from traditional vs modern BI to how IT leaders select and implement the right tools for their team, as well as how to make the most out of them once they’ve been selected and put into place. At the end of it all, hopefully you’ll know enough about modern business intelligence practices so that they can help your team improve its performance on tasks like customer engagement or competitive intelligence. All together now…we need more data!
Read more ...AI is a combination of several technologies and techniques, including machine learning, artificial neural networks and statistical methods for determining optimal solutions to problems. It can perform analysis involving incredibly complex calculations many times faster than the most proficient mathematician. It allows us to explore variables with great flexibility and not be bound by conventional thinking. However, AI is also known to get "confused" when it encounters new problems and has difficulty finding information; it lacks intuition. This may explain why there are frequent misunderstandings between humans and machines as they both struggle with complex questions while working together
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