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The Importance of Knowledge Management in Business

Business is a social institution where people sell goods and services in exchange for monetary value. Some businesses provide tangible goods such as cars, electronics, and clothing, while others provide services such as warehousing, advertising, and finance. In order to be classified as a business, it must be able to produce or market the goods […]The post The Importance of Knowledge Management in Business appeared first on SMB Place from knowledge.website http://knowledge.website/management/the-importance-of-knowledge-management-in-business

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The Definition of a Business

Businesses come in many shapes and sizes, but they all have the same basic objective: profit. While some businesses are solely focused on making money, others provide products or services for a price. Either way, a business is an organization whose primary goal is profit. This definition has evolved from the original definition of a […]The post The Definition of a Business appeared first on SMB Place from knowledge.website http://knowledge.website/business/the-definition-of-a-business

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Managing Knowledge in Business

There is a certain element of risk and uncertainty in doing business. It takes guts and daring to enter into the world of business. In earlier times, the aim of business was profit maximisation. It was all about money chasing. Nowadays, however, it is more of a social institution. In fact, most entrepreneurs will be […]The post Managing Knowledge in Business appeared first on SMB Place from knowledge.website http://knowledge.website/marketing/managing-knowledge-in-business

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The Importance of Knowledge, Communication, and Management in Business

What is a business? A business is any activity which involves the sale of goods or services to other companies and individuals. Goods and services can be either consumer or industrial. Consumer goods are those which can be consumed directly or indirectly, whereas industrial goods are those which are used for production and are known […]The post The Importance of Knowledge, Communication, and Management in Business appeared first on SMB Place from knowledge.website http://knowledge.website/management/the-importance-of-knowledge-communication-and-management-in-business

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10 Principles of Marketing and Business

Business involves the exchange of goods and services for monetary compensation. It can be a sole trader, partnership firm, corporation, joint stock company, or cooperative undertaking. Its purpose is to provide a product or service for a price, usually profit. However, there are always risks associated with business. There are many reasons to avoid starting […]The post 10 Principles of Marketing and Business appeared first on SMB Place from knowledge.website http://knowledge.website/management/10-principles-of-marketing-and-business

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How to Gain Knowledge and Skills in Marketing and Business

The term business is used to describe activities of an organization, including production, distribution, sale, and marketing of goods and services. Essentially, a business aims to earn profit by providing goods or services to customers in return for money. While businesses can experience losses, that does not mean they are no longer businesses. Additionally, profit […]The post How to Gain Knowledge and Skills in Marketing and Business appeared first on SMB Place from knowledge.website http://knowledge.website/marketing/how-to-gain-knowledge-and-skills-in-marketing-and-business

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What Is Business and Why Is It Important?

Any activity wherein a person seeks profit, whether it’s through the sale of goods or services or through the provision of a service, is considered a business. Earlier, business activities were strictly for profit-making purposes. As a result, profits were the sole focus, but today, a business’ primary purpose is to satisfy a human need. […]The post What Is Business and Why Is It Important? appeared first on SMB Place from knowledge.website http://knowledge.website/business/what-is-business-and-why-is-it-important

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ZoomInfo: 5 Interesting Lessons at $1 Billion ARR

As we write this, ZoomInfo is coming off an incredible quarter — a stunning $800m ARR run-rate, growing an epic 60% year-over-year.  That’s up from 57% the quarter before!  And… Continue ReadingThe post 5 Interesting Learnings from ZoomInfo at Almost $1 Billion in ARR appeared first on SaaStr from knowledge.website http://knowledge.website/business/zoominfo-5-interesting-lessons-at-1-billion-arr

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Is it worth the effort?

The post Is the hub-and-spoke style worthwhile? appeared first on Generation CFO from knowledge.website http://knowledge.website/management/is-it-worth-the-effort

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There are many potholes, construction and accidents on the Digital Supply Chain Road!

The Digital Supply Chain road, or Supply Chain 4.0, is the path to the future. Enabled by highly publicized technologies such as Blockchain, Big Data, the Internet of Things, Autonomous Vehicles, Cloud Computing, Artificial Intelligence, Virtual/Augmented Reality, 3D Printing and more the Digital Supply Chain holds great promise and exciting opportunities. But even with established … Continue reading The Digital Supply Chain Road is Full of Potholes, Construction and Accidents!The post The Digital Supply Chain Road is Full of Potholes, Construction and Accidents! appeared first on Supply Chain Game Changer™ from knowledge.website http://knowledge.website/business/there-are-many-potholes-construction-and-accidents-on-the-digital-supply-chain-road

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What is the difference between a director and a vice president?

When searching for jobs or planning your career future, you may start to notice similarities between language used to describe positions. For instance, we recently discussed the difference between a director vs. a manager. While the two terms are similar, a director is a more senior, less hands-on role that develops strategy, solves bigger-picture issues, and interfaces with the executive team. Here are two more positions that may be difficult to place on the correct rungs of the career ladder: Director vs. VP. Which is more senior? What are the different responsibilities in each role? How can you prepare to hold one or both of these positions in your career? Here, we’ll discuss how to distinguish Director vs. VP once and for all. A Director’s RoleA director is in charge of a particular sector of an organization, typically managing at least a few employees. Their key objective is to identify next steps for the unit or department they oversee, secure funds for their initiatives, and guide their teams in their roles. Directors are not autonomous at the organization, however. In addition to leading teams below them, they also need to work within the priorities set by the Vice President who oversees their department - as well as other departments - and the Executive Team. Some of the common director roles are as follows: director of human resources, director of marketing, and director of strategy. Depending on the organization, there can also be different levels of directorships, including associate, assistant, or senior director. Senior-level directorship titles include executive director and director of operations. A VP’s RoleIn terms of organizational hierarchy, the VP typically manages several directors and is the official head of a division in the company. So, moving into a VP role is certainly not a lateral move. Rather than engaging with the needs of only a single unit or department, the VP needs to negotiate between the sometimes-competing demands of several directors. At the same time, the VP should send top-down messages to their directors regarding the organization’s business interests, as well as with the public. There are different levels within this title, as well. Large organizations often have rankings, including assistant, associate, senior, and executive VP; this ranking system typically specifies the company hierarchy more clearly if it employs many vice presidents. While both roles are in leadership, a VP is truly senior leadership. This means that not every director will have the skills, personality, or vision to advance to the VP level.  How to Become a DirectorIf you’re interested in moving from a manager to a director role, you should be ready to prove yourself in the following capabilities: Managing others in leadership roles and offering professional development for teams.Soliciting feedback from your team and the public as necessary to create initiatives.Collaborating with other directors on cross-departmental projects. Balancing the needs of the team you manage and the demands of senior-level officers. Developing budgets that work within the parameters set by senior-level officers. Thinking and acting strategically within company goals. Leading with excellence and demonstrating appropriate behaviors for your team. How to Become a VPIf you are already a director or have your sights for the future set high, here are some of the competencies that a VP needs to demonstrate: Developing your “executive presence” by building your communication skills and persona. Learning to inspire a team and mobilizing them into enthusiastic action. Translating the company and upper management’s mission, goals, and visions into action plans that directors can use. Keeping a keen eye on the market and competitors, and developing strategic plans accordingly.Identifying and creating plans if the company undergoes any issues or problems. Leading teams and evaluating employees’ performance; revising performance standards as necessary. Managing the company’s finances and making changes as needed. Why It’s Important to Distinguish Between Director and VPUnderstanding Director vs. VP in your career is important for two reasons. First, if you’re searching for a new role at the moment, you want to use the correct search terms in your search. This is because most people move through these roles in an upward trajectory, becoming a director before they become a VP. So, you don’t want to be wasting time searching or applying for VP positions too early. Second, when you’re planning your career future, you can start thinking about moving upwards, from manager to director, then VP. For someone in early or mid-career, this envisioning requires long-term planning. If that’s daunting for you to do alone, consider connecting with one of our mentors and coaches to construct a plan for your future.    from knowledge.website http://knowledge.website/business/what-is-the-difference-between-a-director-and-a-vice-president

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Is it worth the effort?

The post Is the hub-and-spoke style worthwhile? appeared first on Generation CFO from knowledge.website http://knowledge.website/business/is-it-worth-the-effort

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China's Toys Market 2022: Chaowan high-tech and parent-child games

Most people know China as the world’s largest toy exporter due to its solid manufacturing reputation especially in the southeastern provinces. Indeed, in 2020 China exported $72 billion USD worth of toy products, miles ahead of the 2nd place – Germany’s $6 billion USD. However, China also has the world’s largest toys market, valued at […]This article China’s Toys Market in 2022: Chaowan, high-tech, and parent-child games is the first one to appear on Daxue Consulting - Market Research China from knowledge.website http://knowledge.website/business/chinas-toys-market-2022-chaowan-hightech-and-parentchild-games

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Innatearchiectureaspect

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Q-Commerce: Have you heard of it? What is Q-Commerce and How it's Growing?

The desire for near-instant delivery has spurred the emergence of q-commerce, or quick commerce, a new, faster form of delivery. In this guest commentary, Bob Ma, an investor at WIND Ventures, explains the benefits of micro-fulfillment centers. from knowledge.website http://knowledge.website/communication/qcommerce-have-you-heard-of-it-what-is-qcommerce-and-how-its-growing

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Moving to Ontario, Canada: Most Frequently Asked Questions Answered

Are you moving to Ontario, Canada? You likely have plenty of questions about what to expect in this exciting new province and chapter of your life.   The good news is that Ontario is a central province that offers incredible job opportunities, provincial healthcare (OHIP), and some of the best cities in all of Canada.  When […]The post Moving to Ontario, Canada: Your Frequently Asked Questions Answered appeared first on Just Energy from knowledge.website http://knowledge.website/management/moving-to-ontario-canada-most-frequently-asked-questions-answered

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Your Business's Direction Chart: How Emotions and Values Can Help

Examining consumer perception via sophisticated text analysis tech.The post How Values and Emotions Chart The Direction Of Your Business first appeared on GreenBook from knowledge.website http://knowledge.website/business/your-businesss-direction-chart-how-emotions-and-values-can-help

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