Success Factors In Online Product Development

Martin   |   0 Comments

Product development can be quite a tricky thing. It’s not something that can be done just by anyone, and even those that have been in this field for a long time are bound to encounter complexities and difficulties. Online product development is no different. In fact, many would even argue that it is more complicated than your usual new product development. Still, just like in any new product development endeavor, the probabilities of online product development becoming a success is high, provided you have made sure that all the key components area in place.

If you ask people engaged in business on what is sure to guarantee success for online product development – or any product development, for that matter – most of them are likely to say that it is money. Is the R&D spending more than adequate to support the project? Will they have enough money to pay for highly skilled people that will be included in the product development team?

They are not wrong; however, they are not entirely correct, either. Having adequate money and resources is just one of the many factors that can impact the success of developing a new online product.

Success Factors In Online Product Development

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The success or failure of online products hinges on several critical factors, which we will categorize into four: strategic factors, development process factors, market environment factors, and organizational factors. Hence, in this article, we will explain each category of success factors in online product development: 1) strategic factors, 2) development process factors, 3) organizational factors, 4) market environment factors, and 5) a short conclusion. Read more…

How To Build And Manage An Online Community

Anastasia   |   0 Comments

Online communities bring together people from across the globe to share their experiences and expertise. They are vibrant, multi-dimensional and take social interaction to a new level. For people who create and manage such communities, the main source of satisfaction comes from watching their creation thrive and succeed. This is not the only motivation: creators of online community derive pleasure from the power and influence that they get from creating, managing and controlling a group of people, the fame and status that comes with it and the sense of belonging that community participation brings.

How To Build And Manage An Online Community

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This article discusses online communities and examines them in detail to see how effective they are for businesses. It covers the following areas: 1) an introduction to online communities, 2) evolution and history of online communities, 3) benefits of online communities, 4) creating an online community, 5) tools for online community management, and 6) a conclusion. Read more…

HR Strategies for SMEs and Startups

Martin   |   1 Comment

Did you know that almost one-half of startups fail in the very first year of beginning operations due to many different reasons, and not having a proper HR strategy is one of them? Now we often think that HR is something big companies, and conglomerates focus on, but that is far from true. HR management is critical for all types of businesses – be it SMEs, startups or corporations.

HR Strategies for SMEs and Startups

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In this article, we will shed light on 1) what HR management is, 2) what challenges HR managers face, 3) building HR strategies for SMEs, and 4) top 5 HR strategies for SMEs and startups that can take your small business or startup to great heights. Without much further ado, let us first understand what HR management really is and its two types. Read more…

How to Improve Your Presentation Skills as an Entrepreneur

Anastasia   |   0 Comments
How to Improve Your Presentation Skills as an Entrepreneur

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This article is going to teach you all about presentations. It will acquaint you with: 1) an introduction to presentations, 2) what makes you a good presenter, 3) preparing a great presentation, 4) delivering an effective presentation, 5) tools for presentations, and 6) a conclusion. Read more…

How to Perform a Background Check of a Job Candidate

A background check is an essential part of the candidate selection process. A background check is the most accurate way to verify the credentials of a candidate. It also allows hiring managers to learn about any less than desirable information that many candidates won’t share on their resumes. Every hiring manager wants to make sure that they find the right candidate for the job. A candidate’s credentials are only one piece of that puzzle. Employers want to hire people that they consider responsible and trustworthy. While background checks are a great way to confirm a candidate and prevent any hiring mishaps, hiring managers must follow a set of guidelines to protect both the candidate and your company. There are many local and national laws in place to protect the privacy of people who are looking for jobs. Background checks should be reasonable and are best done when they are aligned with both the job profile and local laws.

How top perform a background check of a job candidateHere is a guide to performing a thorough and successful background check on a future employee. In this article, I will explain 1) the starting point for every background check, 2) basic background check, 3) do background checks that fits your job description, 4) access denied: information you can’t have, and 5) background checks on job canditates: be careful and wise.

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Startup Finances: How To Raise Small Business Loans And Grants

Anastasia   |   0 Comments

Deciding to set up a business is easy enough. You have the business idea, and you know how to implement it. The problem, however, is raising the money to get the ball rolling. There will probably be less of a problem if you already have enough money lying around to invest in your own business, but if you are strapped for cash, or your money is not enough to cover the whole startup process, you will definitely need help. Fortunately, there are ways for you to be able to raise the money you need for your startup business.

In the past, entrepreneurs had only about a handful of options available to them in order to raise money that they will use to start their small business. Times have changed, however, and entrepreneurs of today are now presented with a lot more options. It is only a matter of choosing the best option for them.

Startup Finances: How To Raise Small Business Loans And Grants

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In this article, we will talk about 1) the challenges faced by startups, 2) financing a startup with loans, and 3) how to raise money through small business loans, and 4) how to raise money through small business loans, and 5) how to raise money through grants. Read more…

Ultimate Guide To Business Intelligence

Ultimate Guide To Business Intelligence

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In this article, we explore 1) an introduction to business intelligence, 2) business intelligence essentials, 3) how to implement business intelligence in your business (step-by-step process), and 4) business intelligence tools. Read more…

How To Use The Hook Model For Building Great Products

Anastasia   |   0 Comments

The market is filled with so many products, but not all of them are considered to be great, or even halfway good. Every day, new products are being introduced, but only a handful of them succeed. Some become huge hits in the market, stirring up great demands and bringing in high revenues. Unfortunately, many fall in the wayside, are generally ignored by customers and end up not making any money.

This happens for a number of reasons. It could be that the product was not viable to begin with, or the market simply was not interested in it. It is also possible that it was the wrong time to introduce the product because the economy may not be in a good situation, or the competition may be a little fierce at that time.

It is also possible that the market has the high demand for a product, but it still fails to succeed. One reason why this happens is because the business may have failed to make or build a great product.

How To Use The Hook Model For Building Great ProductsIn this article, we will learn 1) what makes a great product, 2) what the Hook model is, and 3) how to use the Hook model for building great products.

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How to Successfully Analyze A Candidate’s Curriculum Vitae

Filling a job opening often requires a significant allocation of time and resources. Hiring managers often see dozens, even hundreds of resumes from candidates with many kinds of qualifications. The best way to work through the hiring process is to have a specific plan. The plan should begin with writing an effective job post. Writing an effective job post will attract the kind of candidates that you are interested in; thus, weeding out those candidates that are not suitable for the position from the beginning. You will also need to develop a system of talent identification. Every system should be job specific. If you take care in developing a specific system, you will be able to read the resumes in relation to your goals and requirements for the job. When you are ready to begin reading resumes, you should follow an initial screening process followed by an analysis and reflective process. By following these steps, you can avoid dedicating time and energy to candidates who are not right for the position.

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In this article, you will learn about 1) how to write a good job post, 2) a systematic system for talent identification, 3) initial screening of the CV, 4) how to read between the lines of a CV, and 5) some reflective questions. Read more…

How The Build-Measure-Learn Cycle Really Works

Anastasia   |   0 Comments

Every business wants to succeed; who doesn’t? Unfortunately, not everyone makes it past the one-year mark. Others even do not manage to survive for a period shorter than that. The failure of most startups can be pinned on a number of reasons: lack of funding, poor management, or even a poor business model to begin with. Much of the success of any business, however, would rely on how the owner or the management acts. What decisions do they make, and how do they reach these decisions? What strategies do they employ in managing their startup? These are only some of the questions that would bring to light the reasons why the startup succeeded or fell short of expectations.

How The Build-Measure-Learn Cycle Really WorksIn this article, we will 1) get a basic understanding of the lean startup method and its advantages, 2) learn about the principles of the lean startup method, 3) overview on the build-measure-learn cycle, and 4) an example of how Zappos used the build-measure-learn cycle.

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