Business Management Lessons | Management Skills Courses

Corporate Social Responsibility

A Corporate Social Responsibility Policy, or CSR policy, is becoming an important part of any businesses strategy. It is aimed at increasing both business and social value. The term CSR describes business behaviours that are responsible business practices and have a positive social impact. They usually include a business participating in initiatives that are intended…

CSR

How can companies re-invigorate their Corporate Social Responsibility Policy and ensure it is relevant today? We consider some example of Corporate Social Responsibility at work in the community, and examples of initiatives your company could get involved in. CSR can bring benefits in terms of reputation building, which can influence customer perceptions, customer relationships and…

Managing The Business Quiz 1

This quiz is designed to test your knowledge of the modules of the “Managing The Business” lessons in the Management Skills Courses, specifically;- Crisis and Risk Management Business Continuity Management Project Management Project Management – the process Corporate Social Responsibility CSR There are ten questions some of which are “tick all that apply “, and…

Product and business life cycles

Almost everything in life follows a life cycle as it grows, achieves maturity and then dies. This is true of products, which have a product life cycle, and of businesses which have a business life cycle. The Product life cycle is the series of events that sees a new product come into existence, and follows…

Business life cycle

Although company growth phases may be less distinct than product life cycle phases, because growth is continuous, a company does usually move through phases from launch, through growth, to maturity. To avoid stagnation and eventual decline, it is likely that the business will need to expand into new products, or new markets. As we have…

Ethics or Profit?

An organisation’s ethical policy will provide a code of professional conduct for managers when dealing with potentially controversial issues which arise in the business environment, such as human resource policies, trading practices, director’s responsibilities, industrial espionage and corporate social responsibility. The actions of Businesses large and small can have a significant impact on their staff,…

Business ethical policy

Do managers feel pressure to put profit first? Most manager’s income is tied to their performance, and the key performance indicators (KPI’s) by which they are judged are invariably financial rather than altruistic. A UK report Management Agenda 2015 asked 1600 managers and workers whether they felt pressure to compromise their companies’ ethical standards to…

Licensed merchandise

Let’s have a look at licensed merchandise, how it works, what are the advantages and disadvantages for the manufacturer, retailer, consumer. Licensing is a business arrangement in which one company gives another company permission to manufacture and sell products bearing images to which it owns the copyright. In return the licensor gets a percentage of…

Risks and rewards of licensed merchandise

Why license? Merchandise licensing is usually profitable for both the licensor and the licensee. Some licenses, such as Barbie or Disney classics have a perennial appeal, and others are much more difficult to predict, such as licenses for new product or, related to events of a short duration such as a sporting event or a…

Managing The Business Quiz 2

This quiz is designed to test your knowledge of the modules of the “Managing The Business” lessons in the Management Skills Courses, specifically;- Product and business life cycles Business life cycle Ethics or Profit? Business ethical policy Licensed merchandise Risks and rewards of licensed merchandise There are ten questions some of which are “tick all…