What are social audits? A social audit assesses how well a company is performing on social media, including how it engages and interacts with its followers. Audits can be carried out on a company’s Facebook and Twitter profiles or through social listening tools that monitor conversations around relevant topics to Read more…
More About Employee Collaboration Employee collaboration is the process of engaging in work with coworkers. Collaboration is a key priority for many employers and organizations because, when done well, it maximizes efficiency and creativity. While collaboration can take many shapes and forms depending on the organization’s goals and style, most Read more…
What is Cost Accounting? Cost accounting is the systematic collection, analysis, representation, and communication of a business’s costs (and associated opportunities). It is essential to understand the actual cost of doing one’s business. Cost accounting may be undertaken with a view to taking advantage of opportunities presented by markets or Read more…
What is a Cost Audit? A cost audit is an examination of the cost structure of a business. It is mainly conducted to identify variances in costs and to provide an opportunity for making changes that would reduce the overall expenditure. Cost audit has no room for mistakes since it Read more…
What is an International Business An international business is a business that operates in more than one country. A multinational corporation can have a presence in two or more countries, each of which may engage its national organization, employees, and taxation system. International businesses are typically less common than national Read more…
What is a Business Portfolio? A business portfolio is a collection of your marketing materials and work that will show a potential employer who you are. It typically includes your cover letter, resume, head shot, or photo attached to your LinkedIn profile, links to any previous work experience you may Read more…
What is Employee Involvement? Employee involvement is when employees are given a voice and made central to decision-making. Employee engagement and participation have positively impacted performance, motivation, engagement, creativity, morale, and innovation. When employees have opportunities to participate in decisions, they feel respected and valued, which also impacts performance. Employees Read more…
What is Organic Organisation The term “organic organization” refers to a hierarchical system in which all employees are assigned to the same levels. This kind of flat shape naturally favors horizontal connections and communication. The structure of an organic organization strongly encourages team members to decide on the most appropriate Read more…
Budgetary control: All You Need to Know A well-developed budgetary control system can help an organization avoid many cost overruns and improve client service quality. Poor budgetary control may result in mismanagement of funds, financial losses due to a lack of proper forecasting, and unreasonable fees. An effective budgetary control Read more…
High Context Culture A high-context culture is one in which contextual cues are the primary and dominating method of transmitting communication rules. These include particular types of body language, a person’s social or familial standing, and the tone of voice used when speaking. High-context cultures typically lack explicitly stated or Read more…