After introducing a product on the market, many companies tend to wonder how its sales will evolve in the future. Every product goes through the same stages. Once you understand the product life cycle stages, you can better plan out your company’s operations. This model affects a wide range of business sectors. Ideally, you should be thinking about the product life cycle for marketing as well.
Having to conduct a meeting is a challenging, often underestimated task. Many workplace meetings fail because of unprepared participants or showboating colleagues who talk endlessly without getting to the point. But it doesn’t have to be this way, and learning how to conduct a meeting is easier than you might think. With these effective meeting tips, a little preparation, diplomatic moderating...
An association is the best way to join forces with like-minded people and pursue a common goal - provided you are not primarily interested in making a financial profit. In order to guarantee that your association functions in the long run, you’ll have to take a lot into account. How do you actually start an association? And what are the requirements for starting an association?
When work piles up, there is no way around it: prioritizing tasks is part of the daily work of a good company head or team leader. But if everything already had to be done yesterday, it can be difficult to define a clear structure. Proven concepts for how to prioritize such as the Eisenhower principle and the 80:20 rule can bring order into workload chaos. Everything begins with pen and paper –...
In our fast-moving society, people often tend to tackle several projects and tasks at the same time, whether in their professional or private lives. However, to be able to complete all tasks properly and achieve goals that you’ve set for yourself, it is necessary to set priorities. The Eisenhower Matrix is a tool that can be used to prioritize tasks quickly and easily. Here we explain what makes...
Continuous improvement and continuous learning: with PDCA, you ensure sustainable changes in both work and private life. The model, also known as the Deming cycle, helps to improve all possible situations – through an iterative, cyclical, and controlled process. How do you apply PDCA correctly?
Getting Things Done (GTD) is a productivity and time management system that was developed in 2001 by David Allen and now has a large community of followers. What’s so special about the GTD method? You can apply it to all areas of life to prevent important to-dos from falling through the cracks. That being said, this time management method isn’t right for everyone.
Achieving the greatest possible success with little effort? That's what many people dream of. This wish can be fulfilled with the Pareto principle. Whether at work, at university, or in private life, those who follow the 80-20 rule ensure efficient handling of all important tasks. We explain to you what the Pareto principle is all about and its advantages and disadvantages.
When that time of year comes around when you have to file your tax returns, you’ll be faced with the question: What is my TIN? Where can I find my TIN? Which one is the right one? What about finding out my social security number? Do you need a TIN, an ITIN or an EIN? It can sometimes be difficult to keep track of things. But don't worry, there are simple ways to find the right tax number.
Supply and demand determine pricing in a free market. Demand has an influence on supply and vice versa. With no demand, any supply is redundant, and with no supply, demand is ineffective. When they are in equilibrium, prices remain stable and goods are affordable. But how exactly does the law of supply and demand work?