When you deliver goods or services and you extend a business customer credit by accepting a promise to pay (accounts receivable) later through an invoice, then in a sense you are loaning your customers cash. During the whole process of acquiring loans, the first question every person must think about is whether the loan is essential at that moment or not. What is an example of a credit policy?
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Tag Archives: communication
What are the Hidden Costs of Offshore Manufacturing?
Are your offshore facilitates really less expensive? It all depends on how you are calculating your Total Cost of Ownership (TCO). Your TCO calculation should include all the hidden offshore manufacturing costs your new strategy will experience over the life of the project. What are the hidden costs of offshore manufacturing? Continue reading What are the Hidden Costs of Offshore Manufacturing?
What are Personal User Manuals and How Do they Contribute to Your Team?
Teamwork building has been a challenge from the start, particularly in work environments. Start with yourself when improving your teamwork by creating a personal user manual. What are personal user manuals and how do they contribute to your team? Continue reading What are Personal User Manuals and How Do they Contribute to Your Team?
How Do You Create a Customer Friendly Culture in the Company?
Customers are the fundamental element every business needs to survive in today’s highly competitive market. Without them, all the countless hours and effort put into building a company from scratch would be for naught. Because of this reason, many organizations place customer oriented business policies at the top of their priority lists. How do you create a customer friendly culture in the company? Continue reading How Do You Create a Customer Friendly Culture in the Company?
How Should Companies Manage a Contingent Workforce?
What are the Five Emotional Stages in Change Management?
Understanding the Five Emotional stages of Change will explain why people are responding the way they are to your proposed changes and help you roll-out improvements more smoothly, allowing you to obtain buy-in from stakeholders that will deliver the performance improvement your changes were designed to realize. What are these are the five emotional stages in change management? Continue reading What are the Five Emotional Stages in Change Management?
What Business Policies Does Every Company Need?
Your mission and vision drive your overall company policy, in which you lay out your overall company objectives that guide your strategic plan. From there come your sales and marketing plans, your operational plans, and so forth. You might think of your policies as a juncture of internal and external forces. Setting business policy is critical to a thriving company. What business policies does every company need? Continue reading What Business Policies Does Every Company Need?
How can Department Communication be Improved?
We should all recognize the importance of effective communication, but how good are we at executing and employing basic communication principles as managers? How can department communication be improved?
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How to Revive Your Outdated Email Marketing Campaigns
Emails have become the most common form of communication. The popularity of email in the modern world has made it the most popular way to advance your marketing and gain new B2B customers online. How to revive your outdated email marketing campaigns. Continue reading How to Revive Your Outdated Email Marketing Campaigns
What are 7 Email Cliches to Avoid in Your Business Communication?
Email marketing allows business people to build strong relationships with their clients. It provides them with a chance to speak to their customers directly through their inboxes. When a message is created properly, it becomes an impactful marketing tool. What are 7 Email Cliches to Avoid in Your Business Communication? Continue reading What are 7 Email Cliches to Avoid in Your Business Communication?