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How Understanding Customers’ Buying Behavior Helps Businesses
Customer today is influenced by a number of aspects that are factored into his buying decisions. This changes the way he behaves in certain situations, often determining whether he purchases the product or not. Subtle variations in his buying decisions can play a big role in the success or failure of a business. This article discusses about how customers’ buying behavior influences his/her purchase decision and how businesses can make use of it to increase their sales. Continue reading
Attributes of Incompetent Managers
This write-up is based on a section from Kautilya’s Arthasasthra dealing with productivity and economic wealth generation of the state. Though this was originally meant to assess the government servants in Maurya Kingdom in 3rd Century BC i.e., 23 centuries back. The wisdom is applicable to any business organization. In fact, to any organization including voluntary as well as government. Continue reading
Accuracy and Precision
"Accuracy" and "precision" are related but not identical concepts, and the difference between the two is important to estimation. Accuracy of a measurement system is the degree of closeness of measurements of a quantity to its actual (true) value. The precision of a measurement system, also called reproducibility or repeatability, is the degree to which repeated measurements under unchanged conditions show the same results. Continue reading
Differences Between Web Browsing and Research
Today Internet is one of the major sources of information. You can find information on almost any topic you desire on Internet. It is a huge database of useful information. It is a major repository of scholarly journals, news, books, magazines and other general information. Continue reading
Lessons in Management: From The Ancient Roman Centurions
Though Roman Centurions have a history of more than 2100 years, they practiced many management concepts that are required for managers even today. The Romans created a concept of how a manager should be chosen, how to lead a team and other important characteristics of being a manager. Management lessons from Centurions are broadly applicable for first line officers, professional managers, and for many others in managerial positions. Continue reading