Quality has become an important and integral part of producing and manufacturing new products in the 21st century. Many organizations have upped their game in this paradigm of production and in order to survive the heat of the competition, one must comply with the quality standards of the market in the present scenario and should...
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Businesses and Organizations often face uncertainty. Uncertainty could be in terms of government policies, political turmoil, financial crisis or any such random situations. Every organization, big or small is bound to face some uncertain situations from time to time. The organizations may not be actually ready to face those uncertainties every time. This could lead...
It is possible to come up with brilliant ideas or a “big idea”. But it’s not just about coming up with big ideas; it’s about converting them into reality. That is what innovation is all about. It is all about execution and not mere thinking. That is how new business models, start-up’s and extraordinary things...
Being in business is very similar to going on a roller coaster ride; there will be plenty of ups and downs. We will all encounter bad times, success, failure etc. The key is to understand it’s not what happens to you that matters; it’s how you choose to react or respond that matters. Your attitude...
Managing inventories can get really challenging. In today’s competitive era, inventories in the supply chain pipeline can make or break the situation for any business. Hence tracking and maintaining optimum inventories is critical and also it is difficult to estimate where, what, how much is required. Overstocking has issues with blocking the working capital and...
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