• What are the objectives of business intelligence


    It is known as business intelligence or business intelligence, the set of techniques, strategies, and technology that through the measurement and subsequent analysis of data, seeks to improve the task of those responsible for a store and help them achieve their business objectives. The main objectives of business intelligence are: 1. Collect all possible data about the clientele Among these data are: The number of people entering the store at different times of the day. This is done through an advanced person counter. Tour they make inside the premises. Websites that visit from their mobile phones through the free Wi-fi provided by the store. 2. Analyze the data collected A set ...
  • Use of Technology in Collaboration for Virtual Teams


    Having a virtual office can spare time and make your business increasingly proficient. This is all because of the advances in innovation that make the above focuses conceivable. All you need to do is, get a local office, and you employ the other individuals to work with. This team can live wherever they want while the use of technology will guarantee they are filling in as proficiently as expected. Virtual teams are the new wave; it has increased in the realm of business, with staffs and colleagues spread far and wide over the globe. With the accessibility of the internet, organizations now work using virtual teams. Before the technology can collaborate with virtual teams, it is advisabl...
  • Omni-channel retail 5 benefits of implementing it


    The benefits of implementing omnichannel retail, which many believe will be the next great trade revolution, make this a strategy that must be taken into account by all retailers. What is the omnichannel retail? It is the sales strategy that integrates all existing channels in the market (physical stores, online stores, applications for mobile devices, contact center and those that will arise in the future). The client that initiates communication through an interaction channel can continue it and end it with another one. It is an ideal strategy for these times when the barriers between physical and digital commerce are tending to disappear. It is not uncommon for new stores and platfor...
  • Manual tracking of the prices of the competition vs. automatic solutions


    Having a price tracking of the competition is essential. New technologies give us ways to do this in a quick and simple way. All retailers should keep track of the prices of their main competitors, to stay in the same range and even try to offer advantages (lower prices) to their customers, as much as possible. This has always been the case, and it is a usual practice for owners or store managers. But new technologies now allow other ways to perform this task automatically and, therefore, in a much simpler and faster way. Manual tracking of the prices of the competition To follow up, a group of people must go through the stores and check the prices of different items one by one, and the...
  • Why Business Fail Even Though Business School Offers Good Strategy


    Why do small businesses fail even after even though you attended business schools that offer the best strategies? Business failure is the least of things want to encounter when you start a business. Therefore, if you want your business to succeed, you need to know and avoid, these eight (8) common errors that could bring about failure despite having the right strategies. Starting for the Wrong Reason According to researchers, more businesses are established every month, and numerous are created for the wrong reason. Whenever you create a business for the wrong reason, you are bound to fail. When dealing with the right reasons to start a business, It should include the following: You ...
  • What are the benefits of business intelligence?


    Business Intelligence is a tool that is here to stay and transform the world of commerce. Here are some of the benefits of applying it in a physical store. 1. It allows knowing patterns of customer behavior Business intelligence offers the possibility of knowing various aspects of customers and potential customers. For example: What are the hours that most visit the store? What is the route they do inside the premises? What sites in the store go unnoticed before your eyes. Even what they search on the Internet with the local Wi-fi. 2. Increase sales This is the ultimate purpose for which the business works: to earn more money. Through business intelligence, this goal can be ac...
  • How the internet of things is changing the way you sell in a store


    Do not stay out of technology. We show you everything the Internet of Things can do for you inside the store. Currently, the Internet is present in all aspects of daily life. Why not, then, introduce it in the store to obtain information and work more efficiently? There are several ways to allow the advantages of the Internet to be incorporated into the store and help to gather better information about consumer behavior. IoT inside the store The Internet of Things or (IoT) is a concept that tries to represent that everyday things are connected to each other and the Internet and can provide data in real time. Where can IoT be found inside the store? Thermometers Tags RFID (radio fre...
  • How to develop a training plan


    A training plan is a definite record that manages the arranging and conveyance of guidance. In the case of preparing individuals one-on-one or in gatherings, face to face or on the web, a well-created training plan enables you to get ready for and convey exhaustive dynamic classes. Some key things to recall when developing a training plan is that you need to be definite, sorted out, and realistic. Thus, here is how to develop a successful training plan A. Establish and Document the Training Goals To develop a successful training program, you have to establish your training goals, and this can only be done by doing the following; Outline the purposes of your organization: To lead...
  • How to Onboard a New Employee


    While employing a worker could be so stressful and exciting, getting them incorporated into your business requires some investment and a lot of assets. You may feel like you are wasting your time endeavoring to recollect all that they have to learn, or you might not have a robust framework for the onboarding up procedure, leaving your new worker flopping to get on and get accustomed to their new job. This made us outline and discuss the different ways to onboard a new employee. Invest Time in Onboarding Checklists Having agendas for onboarding new staffs will enable you to systematize your business. Thus, allowing you to handle every other procedure with fewer troubles. Furthermore, hav...
  • How to Write a Business Plan


    If you have seen examples out there a business plan may seem overwhelming at first. The point is to put all your ideas on paper so you can show others (the bank etc.) what you’re trying to do. Don’t forget it can also help you to re-focus if you get to far away from your original goal. It may seem time consuming but it’s worth it. There is no set-in-stone manner to compose a business plan. The most important thing is how it addresses your requirements Either a simple business plans or the elaborate business plan (Traditional) they all focus on summarizing the essential points of the critical elements of your project. Thus, writing any meaningful and standard business plan can take you...