Business Strategy

How To Build An Effective Customer Referral Program In 5 Steps?

A customer referral program is a word-of-mouth marketing strategy that incentivizes satisfied customers to recommend a product or service to their family and friends. Creating an effective customer referral program can help boost audience reach, brand awareness, and customer loyalty. Many consumers are inclined to refer a friend, using customer referral programs to earn money. …

How To Build An Effective Customer Referral Program In 5 Steps? Read More »

When Do Annual Reports Come Out? And What is the Distribution Requirement?

Companies conduct business operations to generate revenues and profits. However, they need finance to do so. Usually, this finance comes from equity holders and creditors. These parties provide funds that companies can use to perform various business activities. In exchange, companies repay those parties in several ways. These parties fall under the definition of a …

When Do Annual Reports Come Out? And What is the Distribution Requirement? Read More »

What Does Company Infrastructure Mean? What Does It Include?

A company is an organization that produces products or services, and it may include public or private entities. Some companies are called conglomerates (one unit is for making money, another for charity). Most companies will perform activities like production, distribution, and marketing. Companies can produce a wide range of products – food, sports goods, clothes, …

What Does Company Infrastructure Mean? What Does It Include? Read More »

What is a Partner in a Law Firm? (Qualification, Responsibilities, and More)

A firm is a profit-making business organization. Usually, these include specific business structures, including companies and partnerships. These structures provide professional services and do not offer a physical product. There are several types of firms that may exist. Its business activities get performed under the firm’s name. Usually, firms have different ownership and management structures. …

What is a Partner in a Law Firm? (Qualification, Responsibilities, and More) Read More »

What Is Performance Prism? And How Is It Using

Overview The performance prism is a multi-dimensional performance measurement framework. It can be applied to not-for-profit and for-profit organizations alike. The performance prism model considers all stakeholders, their needs, and their expectations, unlike other performance measurement models that primarily focus on the needs of the shareholders only. Let us discuss the performance prism model and …

What Is Performance Prism? And How Is It Using Read More »