Business Archives - Page 5 of 6

Porter’s 5 Forces Explained and How to Use This Model in Business

Porter’s Five Forces: Understanding the Competitive Landscape of Your Industry In the business world, it’s essential to have a deep understanding of the competitive landscape of your industry. Porter’s Five Forces is one of the most popular frameworks for analyzing the competition. Developed by Michael Porter, a Harvard Business School professor, in the 1980s, the […]

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Working Capital: Formula, Components, and Examples

Business / Steve Burns

Working Capital: The Key to Financial Success Effective financial management can be the difference between success and failure in today’s competitive marketplace. One key metric that needs to be tracked is working capital. Working capital represents the amount of cash and other liquid assets a company has to cover its short-term expenses. It’s a critical

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How To Stay Motivated (Motivation Theories Explained)

Business / Steve Burns

Internal Motivation vs. External Motivation Internal motivation and external motivation are two different types of motivation that drive our behavior and actions. Internal motivation comes from within oneself and is driven by personal interests, values, and desires, whereas external motivation comes from external factors such as rewards, punishments, or social pressure. Internal motivation is often

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Why Airbnb Fails to Disrupt the Hotel Industry

Business / Steve Burns

Hotels have been a part of the hospitality industry for centuries and are integral to travel and tourism. Hotels offer accommodation, amenities, and services to guests for a fee. Over the years, the hotel industry has evolved, and hotels now come in different categories, including luxury, upscale, midscale, and economy. However, in recent years, the

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The Decline of Bed Bath & Beyond: What Happened?

Business / Steve Burns

The Struggle of Bed Bath & Beyond: Facing Challenges in the Retail Industry As the largest big box retail store specializing in bed and bath products in the United States, Bed Bath & Beyond has faced significant challenges over the past few years. Despite generating $12 billion in sales in 2018 and having over 1,500

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Year Over Year (YOY): What It Means, How It’s Used

Business / Steve Burns

Year Over Year (YOY) is a commonly used metric for measuring growth or decline over time. It’s used to compare the current performance of a company, industry, or economy to the same period in the previous year. In this article, we will explore the reasoning behind YOY, what it is used for, how it’s calculated,

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Business Strategy – SWOT Analysis

Business / Steve Burns

What is a SWOT Analysis? A SWOT analysis studies businesses: Strengths Weaknesses Opportunities Threats SWOT analysis is an essential strategic planning tool that has been used for decades by businesses all over the world. Developed in the 1960s, it enables organizations to identify their internal strengths and weaknesses and external opportunities and threats. SWOT helps

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The Tragic Story of Nikola Tesla

Business, Tesla / Steve Burns

Who was Nikola Tesla? Nikola Tesla was a brilliant and innovative inventor who made significant contributions to the fields of science and engineering. However, despite his many successes, Tesla’s life was marked by tragedy. From financial struggles and personal setbacks to the deterioration of his mental health, Tesla’s story is one of both brilliance and

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Money vs Currency (Hidden Secrets Of Money)

Business, Money / Steve Burns

Money and currency are terms often used interchangeably but refer to different concepts. Money is a medium of exchange, a unit of account, and a store of value. It facilitates transactions between parties and can take various forms, such as coins, paper bills, and even electronic transfers. On the other hand, currency is a specific

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Businesses that Never Fail? 6 Businesses with Low Failure Rates

Business, Real Estate / Steve Burns

Business is not as easy as most people believe, whether it’s a big business trying to survive in its market year by year or a small business just starting out, the success rate is not high. Big business must grow its top line sales and its bottom line profit just to stay in business as

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