Jan Burch

Over processing occurs when a product is manufactured to exceed customer specifications, or to include details that do not add customer value. Overproduction means manufacturing more product units than are needed.

Core competencies and competitive advantages are strengths of a company and are key components in any type of strategic planning. They become weaknesses when they are misidentified, neglected or lack sustainability.

Conventional or horizontal marketing channels are made up of suppliers, wholesalers, distributors and retailers who act independently of each other. In vertical marketing channels, one company owns or controls all of the levels in the channel.

Staffing plans are essential for a business to successfully carry out its operations, as well as determine budgeting requirements and seek financial backing. Sample staffing plans illustrate varying industry, time-frame and developmental needs.

Proactive strategies address concerns regarding anticipated future events. Reactive strategies address events that are already taking place. A successful business will usually employ a mixture of proactive and reactive strategies.

Company bottlenecks are areas where the workflow slows down and affects other parts of the business operation. Examples include production slowdowns, computerized system failures, interdepartmental bottlenecks and people problems.

A business proposal offers to provide goods or services to a customer or another business. The essential parts are the problem statement, the proposed solution, and the price and payment structure.

Companies practice corporate social responsibility in various ways, including philanthropy and volunteerism, and also by modelling good corporate behavior.

Salon decor is an essential part of your business branding and can help you attract and retain your target clients.

Employees in the hospitality industry are key to the development of satisfied customers and to success of the business itself. Effective HR management is essential to recruiting and developing quality employees and a motivated workforce.