Wednesday, 4 October 2017

The process called quality assurance

Hello readers, I hope you are good. I will be writing about quality assurance today. Quality assurance is a process that provides confidence that the quality requirement of a product (goods or services) will be met. It is a process that checks to see if the products are meeting the specified requirement.

It also ensures that the important quality control activities are being carried out the way they should. Thus, quality assurance aims at making sure that customer expectation are satisfied. It aims at preventing defective products. All companies should apply this process called quality assurance

Quality assurance includes setting quality targets.  A company should set quality targets and let people who are meant to achieve them be responsible for them. For example a manufacturing company should set a standard for the material being used for production. Training employees on quality is another form of quality assurance which all companies should adopt.

The standard set should be monitored and actions must be set in place to make sure the monitoring is being carried out. This are all forms of quality assurance. That is all for today. Thank you for reading this article and keep checking my blog. Cheers!

Monday, 25 September 2017

The world of competence

Hello readers, it has been a while. Hope you did not miss me much, the good news is I am back now. Today, I will be writing about competence.

Competence is the ability that enables a company or an individual to deploy its resources effectively. It is neccessary for a company to have a competence target in all its business activities so as to deliver value to its customers. This will help create a competitive advantage for the company.

Competencies must provide value to customers. It must be unique or able to develop greatly or be better than that of competitors. New products and services must be able to be developed as a result of the competence. It must be difficult for other competitors to obtain or imitate.

Continually producing high quality products can make a company become a market leader (which is a core competence) as it provides a company with a competitive advantage. With high quality, higher prices can be demanded by the company from customers and the company will also be able to gain the loyalty of the customer.

Innovative products when marketed well do generate good profit. Innovation is a core competence that makes companies compete well in the business market. However, the cost of innovation should be managed well so as not to gulp up the revenue made.

Resources like good reputation, good relationship with suppliers, having highly skilled staff, when deployed well gives a firm a competitive advantage.

That is all for today. Thank you for reading this article. Keep checking my blog. Cheers!

Wednesday, 7 June 2017

Understanding the buyers behaviour

Hello readers, today I will be writing about buyers behaviour when it comes to purchasing products (goods and services). I hope your week has been good. A buyer is an individual that makes a purchase. That purchase can be influenced by his/her emotions or his/her rational mind.

For your marketing strategy to be successful you have to truly understand the buying behaviour of your customers. Some customers buy goods based on trust and loyalty which falls into the emotional reasons. Thus, you have to build trust between your customers and yourself so they can return back to you. Trust is built when you offer good quality for reasonable prices.

Some products are bought regularly while some products are purchased seasonally. If your products fall into the seasonal category, you should only purchase them to be resold during that season. At times buyers purchase products on behalf of another individual. In that situation, you have to capture the mind of both the buyer and the actual person that will use the product.

You also have to know where your customers buy your products from. For example, do they like to buy it online or from shops. Based on your observations, make your product more available where they will purchase it the most. You must also know where they get the information that influences their buying decisions from so you can make information about your products available there.

Thats is all for today, keep checking my blog. Cheers!


Friday, 26 May 2017

Managing Employees

Hello readers, today I will be writing about managing employees. It is common knowledge that employees of an organisation are not owned by the organisation they work for. Thus, employees should always be treated as humans and not assets.

An employee will be motivated to deliver high quality results if the employee enjoys his/her working environment. In other words, employees deliver good results when they work with employees that act nicely, when the working environment is conducive and when managers implement decisions that does not lead to dissatisfaction. 

There is always a relationship that exists between an organisation and its employees that requires each party to satisfy each other's needs. It is usually perceived as a psychological  contract. Thus, both the employees and the organisation will be doing the giving and the receiving. The initial impression that a  employee perceives about the relationship between the organisation and employees goes a long way in influencing the level of performance the employee will be delivering.

Employers should provide employees with a reasonable sense of security, treat employees fairly based on performance and contribution and also treat them with respect. Employers must promote work life balance, this will enhance the general well being of employees, thus, leading to a healthy business environment.

That is all for today, keep checking my blog. Cheers!

Tuesday, 23 May 2017

The Partnership Business

Hello readers, today I will be writing about a partnership business. A partnership business is a form of business that is owned by two or more individuals, these individuals are called partners. Profit are shared amongst these partners in a way that it had been agreed upon. Profit-sharing should be agreed upon before starting the business.

It could be shared in a way that capital was contributed by each party or in a way each partner contributes in the management of the business. Capital can be raised from their personal savings or from family or from friends. There are various types of partners, however, the major ones will be discussed below

Active Partner
This is the individual who takes on the major role of managing the daily activities of the business. He/ she is responsible for the actions of the business.

Sleeping Partner
This individual only contributes capital to the business and does not participate in managing the activities of the firm. However, he/she partakes in sharing the profit and losses of the business. His/her relationship with the firm is not known to the general public.

Nominal Partner
This is an individual whose name is used in the business after permission has been taken from him or her, in other words the individual lends his/her name to the business. He/she does not contribute capital or partake in sharing the profit or losses of the business. He/she does not participate in managing the business.

That is all for today, keep checking out my blog. Cheers!

Thursday, 18 May 2017

How can your strategy be successful

Hello readers, today I will be telling you about ways to make your strategy a successful one. The scope is your strategy must be fit, in other words your strategy must be consistent with the environment your business operates in.

When I say environment, I am talking about both external and internal environments. Thus, you must understand the political, economic, socio-cultural, technological and legal environments your business operates in. The environmental protection that affects your organisation must also influence you when formulating your strategy. Therefore, PESTEL analysis can be used to understand the external environment of your business.

The internal environment also needs to be understood, as your strategy must also be in alignment with the internal environment. Understanding your internal environment will help you know the resources your business has, the capabilities of your business as well as the structure and system.

The SWOT analysis can be used to help you understand your internal environment as it analyses the strengths and weaknesses of your organisation as well as the opportunities and threats of the business. In all, if you want your organisational strategies to be effective and successful, your strategies must be in alignment with the external and internal environments of your organisation.

That is all for today. Keep checking out my blog. Cheers!

Monday, 15 May 2017

Becoming an effective leader

Hello readers, I hope you are all good. It has been a while since I have written an article. I am sorry about that. But I am glad some readers used the opportunity to read my previous articles. I will now be writing articles on twice a week. Today I will writing about becoming an effective leader.

Everyone can lead effectively, you can always learn to lead. To become an effective leader, you have to study one to understand why they are effective at what they do. The key qualities of an effective leader include having a dream, having the ability to motivate others, exuding integrity, having the ability to deal with challenges and making decisions. To be a successful leader you must set realistic high goals, be a positve thinker and must be willing to learn from others.

A leader must be willing to add value, people skills will have to be decoded in order to become a great leader. To be able to motivate people positively you need to have a clear sense of direction. Your followers will become demotivated if you lack clarity. By this, I mean you need to learn to have clear ways of achieving your goals this will lead to making effective decisions that you will stick with. Changing decisions continually will make your team members confused. Thus, demotivating them, you have to be able to give your team members hope. You should also let them know the benefits of achieving the goal.

People that achieve success always have long term plans. As a leader, you need at least a 3 to 5 year plan, you must always know where you want to go to. If you do not know what you want to achieve, you will definately not achieve it. A leader must be able to express his ideas and  plans to his/her team members clearly. The goals and benefits must be clearly defined. An idea or plan that is not described properly will hardly succeed.

A leader must have this mindset "if one person can achieve it, then anyone can achieve it." As a leader you are not going to achieve all your goals at one try. All effective leaders are flexible, thus if one method is not working try another method. There is this saying, if you try achieving a goal using one method and you do not achieve the goal, you should use another method to try to achieve the goal, as using the same method which failed before will likely fail again. A good leader must also delegate duties appropraitely.

Thats is all for today. Keep checking out my blog. Cheers!