Social responsibility is an ethical framework that obliges every member of society to act and behave in a manner that benefits the entirety. Even business […]
Category Archives: Business and Markets
The Difference Between Effective and Efficient
The words “effective” and “efficient” or “effectiveness” and “efficiency” are essentially the same as far as general usage is concerned. However, because context is also […]
Three Types of Cost Estimation in Projects
Projects and other undertakings require cost estimation to determine their resource requirements. These estimates are not definitive. Their accuracy depends on the project stage in […]
Project vs Program vs Portfolio Management
The field of project management has significantly evolved and expanded since its modern inception in the 1950s. The emergence of related but different fields of […]
The Difference Between Costing and Valuation
There are costs attached to producing and delivering goods or services, planning and executing projects and programs, or pursuing any other economic and business activities […]
The Difference Between Strategy and Tactic
Primary definitions from dictionaries suggest that there is little difference between strategy and tactic. Thus, these two words have been used interchangeably. However, there are those […]
The Chip Strategy of Apple
Apple has expanded its capabilities beyond the designing and manufacturing of consumer electronic devices, developing software applications, and distributing or publishing digital content. It has […]
The Business Strategy of Nvidia Corporation
Nvidia Corporation was founded on 5 April 1993 with the goal of changing the computer industry. Founders Jensen Huang, Chris Malachowsky, and Curtis Priem believed […]
Remote Work: Advantages and Disadvantages
It comes in other names. These include telecommuting, telework or teleworking, work-from-home or working from home, homeworking, home-based job, mobile work or virtual work, distance […]
Fiscal Regimes: Types of Oil and Gas Agreements
Oil and gas are economically important finite natural resources that require strong collaborative efforts between the rights owners and developers for their efficient exploration, extraction, […]