Category Archives: Business Talk

The advantages of specialisation of labour have been observed for centuries, shaping economies and businesses in significant ways. Specialisation refers to the process where individuals, groups, or regions focus on performing specific tasks or producing certain goods more efficiently. By breaking down tasks and assigning them to specialized workers, productivity increases and economies benefit. Here are theContinue reading “Advantages of Specialisation of Labour”

In any workplace, competition is bound to happen. While it can sometimes create tension, competition between colleagues isn’t always negative. In fact, there are positive and negative aspects of workplace rivalry. Healthy competition can motivate you, foster innovation, and lead to personal growth. On the other hand, unhealthy competition can cause stress, sabotage, and create a toxic work environment.Continue reading “Signs a Coworker is Competing With You”

In both personal and professional environments, communication styles can significantly impact relationships and outcomes. Two of the most commonly confused behaviours are aggressiveness vs assertiveness, and understanding the distinction between these two can promote more effective and respectful interactions. Both approaches involve expressing one’s needs or opinions, but the methods and underlying intentions are entirelyContinue reading “Aggressiveness vs Assertiveness”

When it comes to resigning from a job, doing so professionally and respectfully is very important. One way to ensure that your resignation is seen in a positive light is to use a polite subject line for your resignation email. The subject line is the first thing your employer will see, so it’s essential that itContinue reading “Polite Subject Line for Resignation Email”

In business, “G&A” and “overhead” are terms often used when discussing costs. While some people believe these terms mean the same thing, they are not exactly identical. It is important to understand the differences between G&A and overhead costs, as well as how they fit into a company’s operating expenses. So what is the differenceContinue reading “G&A Versus Overhead”

Are you looking for some time management techniques? Often finding it difficult to get everything done within the time? You are not alone. In today’s busy work life, juggling deadlines, meetings, and personal tasks can feel overwhelming. It’s easy to end up stressed and less productive than you’d like. But here’s the good news: time managementContinue reading “Top Time Management Techniques for Professionals”

Psychological pricing is a strategic approach used by businesses to influence consumer behaviour by appealing to their emotions and perceptions rather than their logic. This pricing strategy is based on the idea that certain prices have a more significant psychological impact on consumers than others. By understanding how consumers perceive prices, businesses can set pricesContinue reading “Psychological Pricing Advantages & Disadvantages”

Paternalistic leadership is a leadership style where the leader takes on a fatherly role within an organization. The leader makes decisions that they believe are in the best interest of their employees, much like a parent would for their children. This style of leadership is often associated with compassion or kindness, where the leader isContinue reading “Paternalistic Leadership Advantages and Disadvantages”

Penetration pricing is a strategy where a company sets a low initial price for a new product or service to quickly attract customers and gain market share.  This approach is often used when entering a competitive market or launching a new product that consumers might not be familiar with.  While penetration pricing can be anContinue reading “Advantages and Disadvantages of Penetration Pricing”

JIT production is a manufacturing philosophy that focuses on reducing waste by receiving goods only as they are needed in the production process. This approach has revolutionized the way companies manage their supply chains and has become a cornerstone in the operations of many successful businesses. However, like any methodology, JIT production has its advantagesContinue reading “Advantages and Disadvantages of JIT Production”