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Just-In-Time (JIT) Manufacturing & Inventory Management Strategy

March 31, 2023April 1, 2023 Lisa Brown acquire, automotive industry, coordination, costs, customers, efficiency, handling, higher quality, inventory, Inventory management, japan, JIT, Just-in-time, Lean manufacturing, lean startup, manufacturing, materials, minimize, needs, optimize, overproduction, planning, produce, production process, production teams, products, quality, storage, strategy, suppliers, supply chains, Toyota, Toyota Production System, waste

As a business owner or manager, you’re likely always looking for ways to optimize your operations and increase efficiency. One

E-commerce – Explained

March 6, 2023March 6, 2023 Young Entrepreneur accommodations, Airbnb, amazon, apartments, b2b, b2c, beauty, Best Buy, books, brick-and-mortar stores, business, businesses, buyers, buying, c2b, c2c, clothing, commercial transactions, consumers, convenience, costs, customers, delivery services, drivers, e-commerce, e-commerce platform, electronic platforms, electronics, electronics retailer, Etsy, fashion retailer, glasses, Glossier, goods, groceries, handmade, houses, in-store pickup, mobile apps, modern economy, online, online eyewear retailer, online marketplace, online platform, online retailer, online shopping, Online Stores, physical stores, products, retail giant, revolutionizing, riders, rooms, sellers, selling, services, shopify, short-term stays, skincare brand, social media, transportation services, try on, uber, vintage goods, Walmart, Warby Parker, websites, wider customer base, Zara

E-commerce refers to the process of buying and selling goods or services online. It involves using electronic platforms such as

Corporate Strategy – Explained

February 22, 2023February 22, 2023 Young Entrepreneur adaptability, businesses, channels, company, competitive landscape, core competencies, Corporate strategy, customers, decisions, emerging trends, employees, environmental sustainability, evaluation, external challenges, finance, financial losses, functional strategies, human resources, internal challenges, investment priorities, leadership development, long-term goals, marketing, markets, missed opportunities, mission, monitoring, objectives, operations, organizational design, outdated, performance management, plan, products, profitability, reputational damage, Resource allocation, risk management, services, shareholders, social sustainability, stakeholder dissatisfaction, stakeholders, sustainable competitive advantage, sustainable growth, talent attraction, talent retention, technologies, top-level management, value, values, vision

Corporate strategy is the general plan that guides a company’s long-term goals and objectives. It outlines how the company aims

Corporate Culture – Explained

February 22, 2023February 22, 2023 Young Entrepreneur act, adaptability, alignment, attitudes, behaviors, beliefs, burnout, changed, collaboration, communication patterns, communities, company, conflicts, Corporate culture, creativity, customers, decision-making processes, deliberate interventions, development programs, diversity, dynamic, dysfunctional, employee engagement surveys, employees, engagement, evolving, history, identity, inclusion initiatives, influenced, innovation, interact, job satisfaction, leadership development, leadership style, mission, monitoring, motivation, ongoing attention, performance, performance management, promote, purpose, recognition systems, reputation, retention, reward, shared values, shareholders, social norms, stakeholders, strategic objectives, stress, strong, suppliers, think, toxic, training, trust, undermine, unity, values, vision

Corporate culture refers to the shared values, beliefs, attitudes, and behaviours that shape the way people within a company think,

Competition in Business – Importance

February 21, 2023February 21, 2023 Young Entrepreneur adapt, advertising, businesses, competition, crowded markets, customers, differentiate, growth, industry, innovation, market, market share, marketing, profits, reputation, Research and development, rivalry, smaller businesses, strategy

Competition refers to the rivalry between businesses operating in the same market or industry. In a competitive market, companies strive

Cash Flow – Explained

February 20, 2023February 20, 2023 Young Entrepreneur analysts, bills, business, cash flow, customers, debt, dividends, equipment, equity financing, expenses, financial health, Financial management, growth, investing cash flow, investment, investors, lemonade stand business, money, movement, negative, Operating Cash Flow, positive, profits, projects, reinvest, revenues

Cash flow refers to the movement of money in and out of a business. It is a measure of the

Increase Customer Retention Rate (CRR) + Meaning & Definition

January 20, 2023January 20, 2023 Young Entrepreneur CRR, Customer Retention Rate, customer satisfaction, customer service, customers, improve the product, loyalty programs, Personalize experiences, relationships, retention, transparent

Retention refers to the ability of a company to keep its customers over a certain period of time. It is