Job Description of Management

Management is the management of an organization, be it a private firm, a government agency, or a non-profit entity. The scope of management is much broader than the narrow domain of its financial aspects. The scope of management also includes strategic planning, process improvement, and development of policies to address problems. In addition, it includes […]

Good Customer Service Means Open Communication

Customer service is basically the provision of good service to clients prior, during, and even after a sale. The perception of success in these interactions depends on how employees adjust themselves to this new personality of the customer. What was acceptable yesterday may not be tomorrow. And vice versa, what was unacceptable yesterday may well […]

Hotels – What Is Considered Customer Service?

Customer service is simply the provision of exceptional service to customers prior, during, and post-purchase. The perception of positive feedback of such interactions depends largely on how employees “can adapt themselves” to the client’s personality. We often use the example of a hotel’s receptionist. If the receptionist is constantly rude, it will reflect badly on […]

Accounting Education

Accounting is the scientific process of collecting, recording, classifying, managing, monitoring, and communicating financial information about the financial aspects of non-financial corporate entities like businesses and corporations. It includes a systematic evaluation of financial transactions and activities in a company to give a fair market value to the assets and liabilities of the organization. It […]

Business Formation – Types of Companies

What does the word “Business” mean to you? For many, being involved in business means making money. Businesses are defined as an entity or organized entity typically engaged in commercial, organizational, or professional activity intended to earn a profit. Businesses may be nonprofit entities or for-profit ones that operate with the purpose of fulfilling a […]

Business Names – Forming a Business

A business can be defined as any type of organization or venture, though most people tend to think of large corporations when thinking about business. A business is a term open to interpretation, depending on the particular organization. For instance, a hospital is not a business, even though the services it provides are. Businesses can […]

Business Management – Managers Should Have a Comprehensive Plan

Management is the management of an entire organization, whether it’s a corporation into a nonprofit organization, or governmental agency. The term ‘management’ can also be used to refer to the process of getting goods produced and delivered, which can include administrative tasks like planning, production scheduling, inventory control, marketing planning, promotion, advertising, finance and accounting. […]

The Key Terms in Profitability

A business is clearly defined as any entity or person engaged in business or commercial activities for profit. Businesses may be either for-profit corporations or non-profitable organizations that engage in a variety of activities to meet a specific social objective or further a public charity. In the United States, businesses are organized by states and […]