Research indicates that effective leaders tend to possess certain personality traits.  What are Personality Traits? Personality traits are usually defined as behaviors that are observable both inside and outside the framework of work.  Self-Confidence Self-confidence is considered the most important trait a leader can possess.  This is because self-confident people can increase performance in others…

Data Measurement Numerical data are gathered by businesses every day that represent a wide variety of items and transactions.  For example, numbers in business can represent monetary costs, regional sales, shipment weights, and sales percentages of merchandise.  Analyzing Data Data levels need to be analyzed statistically in different ways because the items and transactions represented…

A thorough valuation of a business’s financial assets involves a detailed review of its current income statements, cash flow analysis, and assessment of the assets held inside the business.  Evaluating a Company’s Worth There are different stakeholders interested in evaluating a company’s net worth.  Inside the business, these stakeholders include the CEO, board of directors,…

Strategic resources are assets that a business possesses and are typically categorized into capital, financial, human resource, and organizational assets.  Capital Assets Capital assets are physical resources such as land holdings, manufacturing plants, or service locations close to important consumer markets.  These physical assets can materially affect how competitive a business can be in the…

Global Industries With the growth and expansion of global corporations and the inherent demands of global sourcing, strategic alliances have become an essential business practice for most transnational companies. What are Strategic Alliances? Strategic alliances are basically partnerships of two or more businesses that work together to achieve mutually beneficial goals.  These partnerships are formed…

Visionary Leaders

Effective marketing is more than taking a good product, pricing it well, and getting it to market.  Businesses must also connect with new and existing customers.  For most businesses is not whether to communicate.  Rather it’s more about what to say and where to say it.  The Ever-Changing Consumer Consumers are taking a more active…

Jack Welch

Walmart’s First Stores Walmart, considered to be one of the most successful companies in the history of the world was founded by Sam Walton.  The first Walmart stores were opened in rural Arkansas in the 1960’s.  Rural Roots Sam Walton bet the other way when it came to building up his discount store empire.  In…