Theories reviewing employee wellbeing, workplace culture, reward systems, career development and retention. It can also help organisations identify wellbeing condition of the company.
A business can have customers, revenue and even growing sales while still not making a profit. The reason is simple: before profit begins, the business first needs to generate enough contribution from its sales to cover all of its fixed costs. The break-even point shows exactly where this happens — the level of sales at
Break-Even Point: How Much Do You Actually Need to Sell? Read More »
A business can make good internal decisions and still be affected by events completely outside its control. Interest rates change, customer behaviour shifts, new technology appears, regulations are introduced and environmental pressures influence costs and expectations. PESTLE analysis helps businesses examine these external forces before they become operational problems or missed opportunities. PESTLE stands for
PESTLE Analysis: What Can Change Around Your Business Even If You Change Nothing? Read More »
A business does not compete only with companies selling the same product. Its profitability can also be affected by suppliers, customers, new competitors and alternative products that solve the same problem in a different way. Michael Porter’s Five Forces framework was designed to help businesses look at this wider competitive environment and understand where pressure
Porter’s Five Forces: How Competitive Pressure Shapes a Business Read More »
SWOT analysis is one of the simplest strategic tools a business can use to understand its position before making an important decision. It looks at four areas: Strengths, Weaknesses, Opportunities and Threats. Strengths and weaknesses are internal factors the business can influence, while opportunities and threats come from the external environment. Used properly, SWOT helps
How SWOT Analysis Helps Businesses Make Better Decisions Read More »
A pay rise can make an employee happier, but it does not automatically make the job more interesting, improve a poor manager or create opportunities for development. This is the central idea behind Herzberg’s Two-Factor Theory, one of the best-known theories of workplace motivation. Frederick Herzberg argued that the factors causing dissatisfaction at work are
Why Salary Alone Does Not Motivate Employees: Herzberg’s Two-Factor Theory Read More »
Modern working life often rewards visible productivity. Long hours, constant availability and packed schedules can create the impression that someone is highly committed and successful. But productivity is difficult to sustain when sleep, health, relationships, financial security or basic recovery are continually neglected. This is where the idea of self-care becomes more useful than it
