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What is Production?

April 9, 2023April 7, 2023 Lisa Brown assembly, delivery, design, distribution, efficiency, finished goods, goods, growth, industries, labor, manufacturing, market demand, marketing, planning, production, raw materials, services, sourcing, suppliers, technology, transportation

In this article, we will discuss the production process, its stages, and its importance in modern economies. Definition Production is

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

Financial Statement – Explained + Examples

March 15, 2023March 15, 2023 Young Entrepreneur accountants, accounts payable, accuracy, Apple Inc., assets, auditors, Balance sheet, business, cash, cash flow statement, Cost of goods sold, creditors, end of period, equipment, equity, expenses, financial health, financial performance, financial position, financial statement, financing activities, fiscal year, formal document, income statement, inflows, informed decisions, inventory, investing activities, investors, issuing bonds, liabilities, Long-term debt, losses, Microsoft Corp., net income, operating activities, operating expenses, operations, outflows, payments, period of time, point in time, profit and loss statement, profits, property, quarter, repurchasing shares, revenue, sales revenue, shareholders, stakeholders, suppliers, Walmart Inc.

A financial statement is a formal document that shows the financial performance and position of a business. Financial statements are

Economies of Scale – Explained + Examples

March 3, 2023March 3, 2023 Young Entrepreneur average cost, bulk, businesses, communication breakdowns, competitiveness, competitors, cost advantages, cost per unit, Diseconomies of scale, Economies of scale, economies of scope, efficiency, efficient equipment, equipment, facilities, factory, fixed costs, healthcare provider, improve competitiveness, increase efficiency, industries, large retailer, large volume, level of production, logistical challenges, lower cost, lower prices, management, management inefficiencies, market share, medical equipment, multiple locations, negotiate, operations, optimization, patient, processes, reduce costs, resources, software, suppliers, technology company, unit of production

Economies of scale refer to the phenomenon where the cost of producing a unit of output decreases as the scale

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,

board game

entrepreneurship My Projects

Creating a Board-game

October 22, 2022October 22, 2022 Abdallah Alaili board game, board games, boardgames, China, entrepreneurship, gaming, kickstarter, production, suppliers

A month ago, i decided to start sharing my new entrepreneurship projects. Thus i will start by sharing my most