Business Archives

The Role of Businesses in Society: Should They Fulfill Needs?

What’s the role of business in society? Can businesses have a negative impact on society? As watching the market and customers should make clear, organizations only exist in the context of a larger community. Therefore, in addition to guiding the inner workings of a business, managers must also set objectives relating to the impact their organization has on the wider world. Continue reading to find out if businesses have a social responsibility they have to uphold.

How a Culture of Innovation at Amazon Fuels the Company

How important is innovation at Amazon? What are Amazon’s most successful services? The biggest gambles requiring the most judgment revolve around some form of innovation. Jeff Bezos places innovation at the core of Amazon’s identity and culture. Learn more about innovation’s crucial role in keeping Amazon fresh and energized.

How to Build Brand Loyalty by Using Influence

Can you learn how to build brand loyalty? What does it take to create loyal customers? To build brand loyalty, you need to have influence in your community. This means that you need to understand how to develop a strong company mission that your customers can connect to. Read on to learn more about creating brand loyalty with social influence.

Increasing Stability in Business: 2 Requirements for Structure

How do you increase stability in business? Can you structure your company in a way that makes it more stable? Stability in business comes from structuring your processes so that they aren’t dependent on any one person. Knowing how to do this well will make your business more sustainable in the long run. Read on to learn how to increase the stability of your company and improve its longevity.

How to Sell More Products and Increase Sales Margins

Can you learn how to sell more products? How can you make more money through sales? To sell more products, you need to know how to attract and keep the right customers. Additionally, understanding how to increase sales margins on each product will help you to increase your earnings. Read on to learn how to make more money in sales.

Why Did FTX Collapse? 3 Precipitating Events on One Day

Why did FTX collapse? What happened on Twitter that got the ball rolling? How did Caroline Ellison make matters worse? Although Sam Bankman-Fried’s cryptocurrency empire skyrocketed in just a few years, its demise was far more sudden and dramatic. Michael Lewis provides an account of the downfall of FTX in his book Going Infinite. Read more to learn how three events on November 6, 2022, led to FTX’s collapse within days.

The TSMC Business Model: Economies of Scale in Production

What do we know about the TSMC business model? How does TSMC make the most of economies of scale in production? The TSMC business model is also called the foundry model, and it centers around optimizing the company for manufacturing while outsourcing design. Understanding the benefits of their model tells us a lot about the advantages of economies of scale and specialization. Read on to discover what makes TSMC’s business model innovative and successful.

The 5 Most Important Characteristics of a Leader

Three people business leaders with political clout standing side by side

What are the important characteristics of a leader? How do your leadership skills determine your success? The most successful people are those who lead others. For instance, the CEO of a company is surely considered more successful than an entry-level employee. If you want to take your business to the next level, embrace these important characteristics of a leader.

Reinvesting Profit: 2 Steps to Help Business Prosper

When does reinvesting profit make sense? Are there other things you need to prioritize before making a reinvestment in your business? Reinvesting profit allows you to reframe profits as business expenses and avoid extra taxes. Knowing when to reinvest profit is key to doing this successfully. This article will detail the steps you need to take and the things you need to consider before reinvesting your profits.

Embracing Change in the Workplace by Predicting the Future

Is your company currently going through a transition? How do you navigate change in the workplace? Many people fear change because it can be difficult and painful, even if it’s necessary and inevitable. Therefore, you must readily embrace change, rather than fear it. Continue reading for the key to embracing change in the workplace.