It is not only the operational and tactical risk management that you need to care of to survive in this changing business scenario. The enterprise risk management(ERM) plays a major role to keep the business secure from the risks that can obstruct its growth by hampering it to meet the defined goals. To prove the seriousness of this issue, Standard & Poors have made the effective ERM strategy necessary for the healthy credit rating of the business houses. Its comprehensive approach helps the firm to determine the vulnerable areas open to the threats, analyze proactively and also mitigate it by incorporating the productive measures. To make sure that the company gets the benefit of enterprise risk management, there are a few things that they must include in their business practice. ...
Every bad meeting has a consistent theme, and meetings that never ended, ones not focused on any particular subject, and meetings plagued by constant interruptions can foil any attempt to convene with employees or colleagues. Moreover, holding the interest of your audience, especially if the topic is dry or boring, can make conveying any message difficult for facilitators. However, today’s office tools can make holding a meeting and delivering any messages much easier for professionals. A good meeting takes planning, but a perfect meeting takes both planning and skillful implementation. A well-planned meeting captures the attention of the audience while conveying any intended messages. Furthermore, a perfect meeting is an efficient one. Let’s take a look at some useful tips on how you
You might think that once you have thought up, designed and manufactured a new product or service that the really hard work was done. Many people look forward to creating a brand name as they see it as a wildly creative process, which is likely to be the most fun part of launching a new product into the market. However, creating a brand name is about much more than simply picking out a name which you think people will warm to or remember. There is a lot that goes into choosing a successful brand name and it is a much more complex process than you might expect. So much so, that you may want to consider looking into hiring naming consultants who offer a brand naming service and consultancy in order to help you complete this much-underestimated task. Starting with some research There i...
When you start a brand new business, there are a variety of things you need to do to ensure that not only do you find customers but that they stay loyal to you for a long time to come. The most important aspect of how customers view your new venture is to be trustworthy. However, until you build an audience, it can be hard to persuade people that your business truly can be trusted. There are some ways to show it right from the start, though, and if you can implement as many as possible, it will be a lot easier to find new customers and keep them coming back. Don’t Sell Not selling may seem a rather strange idea if you are hoping to make money in your business, but it does make sense. If you want to be seen as a reliable, trustworthy business, any engagement you have with your custom
Anyone subscribing to a health insurance policy is a welcome move given the scenario that the cost of medical expenses and instances of lifestyle ailments is on the rise. When you are young, you can buy a health insurance plan in India or anywhere else without any issues and at a lower premium because there is a lower risk of a claim. However, in the case of health insurance for senior citizens, you need to know that there is a higher amount of premium as there is a higher risk of claims. It is because senior citizens are considered as a risk by insurance companies as they have more chances of asking for claims. In the same context, if you are a senior citizen and buying a health insurance, you may need to consider many aspects. In the same context, let’s provide you with a guide whe
There are instances when you want to transport a shipping container from the warehouse of your home to the shipping dock may be. You may have bought a shipping container online which needs to be sent to your home, in such cases, shipping container transport services are availed. Such service providers have both experience and expertise in this field and help in the transport of shipping containers effortlessly. Things to be Considered During Shipping Container Transport Certain facts that need to be considered during shipping container transport are discussed below: The vehicles or the kind of transportation system that will conduct the transport. The shipment or transportation depends on a lot of factors like the size of the containers, the number of shipping containers, t...
Many business owners—and the managers that they have put in charge—fail to understand the power of the written word. When a frustrated customer gets no help from the person in charge of your business, they often take those frustrations to the web via online reviews. If you’ve ever had a customer say, “I’m going to write a bad review”, then it might be time to start paying attention. According to Forbes Magazine, online reviews can have the following impacts. 90% of Your Potential Patrons Rely on Online Reviews Before contacting your business, potential customers rely largely on online reviews. If they find poor reviews, a good percent will never try out your services. The worst part, though, is that you will never know that you lost a customer. Find out what people are saying about y
Group health insurance, as the name suggests, is a kind of insurance policy that provides medical benefit to a particular group. This group is generally the employees of an organization. It is often referred to as corporate health insurance or employee medical insurance when provided by an employer to the employees of an organization. This kind of coverage is beneficial to both the insurer and the insured. Group Medical Insurance policy has its benefits for the employer as well as the employee. Benefits of Group Health Insurance to the Employee No Premium: The employee is not required to pay any premium. The employer generally pays the premium. As a result, you get the dual advantage – pocketing a health insurance policy without paying anything from your own pocket. No medical exp
Maybe you like the idea of owning a business and being your boss – but find it hard to think of one that you can start on your own. You do not have to start one from scratch for you to become an entrepreneur. In some scenarios, buying an existing business may be more appealing. Even though the cost of buying an existing business is higher on paper, this option carries a lower risk since the business may be maybe already making a profit and you’ll have a quicker road to getting a return on your investment. An existing business is easier to finance compared to starting a new one. Statistics indicate that most investors, entrepreneurs, and lenders prefer funding the purchase of an established business than starting a new one. One of the reasons is access to an existing customer base. Moreo
Businesses don’t become successful overnight. Specific qualifications should be met to ensure quality management and customer satisfaction. One of the most important requirements that a company should focus on is the International Organization for Standardization (ISO). Achieving ISO certification isn’t easy because ISO standards ensure a company’s reliability regarding the quality of products and services. For businesses, these standards increase a company’s productivity by reducing possible errors and guaranteeing high-quality management. ISO 9001 is a criterion for quality management system which a business must pass to give their customers the benefits of customer care, proper business management, and quality services. Read on to know more about ISO 9001 and why your business shoul