benefits Archives - Entrepreneur Post

What is Performance Management?

April 7, 2023April 6, 2023 Lisa Brown alignment, benefits, best practices, business success, coaching, collaboration, communication, culture of performance excellence, data, decision-making, development needs, development planning, employees, engagement, feedback, goal-setting, goals, improved performance, individual development plans, job satisfaction, key elements, managers, performance evaluation, performance management, performance measurement, performance metrics, productivity, progress, regular evaluations, specific goals, systematic approach, training

Performance management is a vital process for organizations to ensure that employees are performing at their best. In this guide,

Foreign direct investment (FDI) – Explained + Examples

March 16, 2023March 16, 2023 Young Entrepreneur acquisition, benefits, business, Economic growth, environmental impact, expand, FDI, foreign country, Foreign direct investment, global economy, invest, job creation, labor standards, local infrastructure, local labor, management, MNCs, multinational corporations, national sovereignty, new markets, operations, ownership, potential challenges, subsidiaries, transfer of skills

Foreign direct investment (FDI) refers to when a company or individual invests money in a business or enterprise located in

Externalities – Explained + Examples

March 14, 2023March 14, 2023 Young Entrepreneur benefits, consumption, costs, economic activity, economy, education, Externalities, Externality, factory, governments, internalize, intervene, market failure, market price, negative externalities, policies, pollution, positive externalities, price, production, regulations, society, subsidies, taxes, too little, too much, true social benefit, true social cost, unintended consequences

Externalities are costs or benefits that are not reflected in the price of a good or service, but instead are

Top 10 Sales Tactics Every Entrepreneur Should Know.

March 2, 2023March 2, 2023 Young Entrepreneur additional products, Address objections, benefit, benefits, Build rapport, build trust, commitment, common ground, complement, Create urgency, cross-sell, customer service, customer's needs, discounts, emphasize, enhance, follow-up, freebies, genuine interest, Highlight benefits, likelihood, limited availability, limited-time offers, meet, memorable, motivate, needs, Offer incentives, original purchase, overcoming, persuasive, positive customer reviews, potential customers, potential objections, prepared responses, problem, product, revenue, sale, sales, Scarcity, sense of urgency, service, services, social proof, solve, testimonials, trustworthy, Upsell, Use storytelling, valuable

Minimise Opportunity Cost – Explained + Examples

March 1, 2023March 1, 2023 Young Entrepreneur alternative, benefits, business, decisions, drawbacks, finance, Minimizing opportunity cost, opportunity, opportunity cost, options, organizations, personal decision-making, potential return on investment, profitability, resources, success

Minimizing opportunity cost involves carefully evaluating the available options and choosing the one that provides the greatest benefit, while minimizing potential losses.

How to handle a difficult conversation as a Manager.

February 25, 2023March 12, 2023 Journey Leadership "I" statements, active listening, advancement opportunities, behavior, benefits, career path, challenges, changes, clear, compensation-related issues, difficult conversation, direct reports, disciplinary action, empathy, feedback, focus, follow up, follow-up, handling difficult conversations, improvement, inappropriate, issue, job responsibilities, listen actively, negative feedback, offensive behavior, performance issues, personal issues, place, poor work quality, prepare, professional, salary, solutions, specific, stay calm, strategies, termination, time

Having difficult conversations is an essential part of being a manager or supervisor. With preparation, clear communication, and a focus

Collective Bargaining – Explained

February 21, 2023February 21, 2023 Young Entrepreneur agreement, benefits, Collective bargaining, compromise, conditions, employer, employment, fair, good faith negotiations, improved outcomes, job security, just, Labor union, legally protected right, negotiation, power imbalance, shared concerns, terms, wages, workers, working conditions

Collective bargaining is a process where representatives of a group of workers, such as a labor union, negotiate with an

Capital Budgeting – Explained

February 18, 2023February 18, 2023 Young Entrepreneur allocate, analyze, anticipated costs, benefits, Capital budgeting, cash inflows, companies, effective, expenses, future cash flows, informed decisions, initial investment, Interest rate, Internal Rate of Return (IRR), investment decisions, investment opportunities, investors, launch, long-term projects, long-term value, methods, money, Net Present Value (NPV), new equipment, new factory, pay for itself, Payback Period, potential revenue, present value, recover, returns on investment

Capital budgeting is the process by which companies make investment decisions regarding long-term projects. Essentially, it’s a way for companies