BUSINESS

Benefits of sustainable business operations and supply chain management

The focus of businesses on sustainability has grown a lot in recent years due to several factors. As the benefits of sustainability have grown more highlighted, more and more businesses have started adopting sustainability practices in production as well as supply chain and other areas of operations. Sustainability has both direct and indirect benefits for

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Advantages and disadvantages of 3PL (Third Party Logistics)

As businesses have continued to expand their presence overseas in an effort to find faster international growth, their supply chains have also grown increasingly complex. Handling large and complex supply chains is often quite costly and burdensome for businesses. Developing and managing large and international supply chain networks, on the one hand, requires a large

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Four Functions of Management: The POLC Framework

The functions of management across businesses and industries can be categorized into four main categories – planning, organizing, leading, and controlling. You can also understand them as the four basic functions that managers are required to accomplish. Traditionally, leading and controlling have been the more visible aspects of managerial duties. However, the first two duties

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Four outstanding things about Tesla’s business model

Tesla’s rise as an automaker can be attributed to the company’s consistent focus on research and innovation as well as product quality and customer experience. However, there are many outstanding facts worth knowing about its business model. Its focus on research and innovation has earned it the reputation of a technology company and sets it

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Sources of competitive advantage in the smartphone industry.

The smartphone industry is marked by heavy competition. It is also among the fastest-growing industries with a large number of international players battling for market share. As the use of mobile devices has continued to grow around the world, people are using smartphones for everything from entertainment to social media and for professional use. Smartphones

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