A "need" is something you have to have, a necessity. We all need food, shelter, clothes and other basics. A "want" is something you would like to have, but don't really need. Try explaining that ...

Workers' compensation, also known as workman's comp, is a federal program administered by the United States Department of Labor and the individual states that provides assistance to employees who ...

Somebody starts with an idea for a message. Then they finesse it, develop it and select the medium, or channel, for the message. When they're good and ready, they send the message, and someone ...

Word of mouth (WOM) marketing, whether online or live, involves getting people talking about a product, service or brand. When successful, the technique meets a marketing objective by motivating ...

Globalization provides opportunities for businesses to invest in foreign markets and to gain access to new capital. A key concern in achieving financial results through globalization is the effect ...

An organization is made up of many people and activities. Companies plan for the future and manage the present. They budget, report and track success by developing processes and systems that ...

A limited liability company, or LLC, is a type of business structure constituted by state laws that help business owners add protection to their personal assets and make legal disputes regarding ...

Service industries often rely on exceptional customer service to ensure strong operations and to attract repeat business. Continually setting goals and measuring performance in these key areas ...

When starting a new business, you may wish to distribute part of the equity in your company to friends and family members. While traditionally, those who receive equity put some type of financial ...

CPM, or the CPM Matrix, stands for Competitive Profile Matrix and is a powerful strategic analysis tool. CPM allows business owners, stockholders and other interested parties to see the strengths ...

Patenting an invention is something to be proud of. From your accountant's perspective, a patent isn't merely an achievement; it's either an asset or an expense. Like copyright and other ...

Company layoffs often include severance package costs and the potential for negative publicity in the local community. Despite these drawbacks, companies sometimes accept the risks to achieve a ...