According to Wikipedia, “R is a programming language and free software environment for statistical computing and graphics supported by the R Foundation for Statistical Computing. An article on the JEPS Bulletin provides expansive knowledge on using R, a software that is […]
Negotiation is not specific to business. It is a widespread activity that spans everyday life. Contributing editor to Inc, Jeff Haden, suggests the following ways to achieve favorable outcomes in business negotiations. A useful strategy is to plan for the […]
It is critical to have a marketing strategy. Kent Barton shares on inflow how to implement a marketing strategy and turn it into action. A well-formulated strategy based on thorough research is a sound business decision that can clarify the […]
The HR function represents a significant cost for companies. In addition to training and development, there is a range of other programs that require heavy financial investment. In light of the importance of these initiatives and the hefty costs involved, […]
The public sector is different from the private sector in several respects. Employee motivation is a key factor that accounts for one of the differences. While both sectors share the established intrinsic-extrinsic motivational approach, Valerie Martinelli, writing on Careers in […]
Price sensitivity involves customers’ reaction to a change in price. In the hospitality industry, longstanding and potential guests will also react to changes in room rates. OTAINSIGHT helps us to better understand the concept of price elasticity on an individualized […]
Scientific decision making is decision making backed by statistics. The use of statistics is increasingly important to business with the mind-boggling volume of data we have generated to date, the amazing pace at which technology is advancing, and the diverse […]
The management and control of hotel real estate is different from that of other commercial real estate, as inferred from an article by Gary Isenberg which is featured on Forbes. Given that hotels operate in brick and mortar real estate, […]
In a previous article, reference was made to an organizational chart that had customers at the very top of the chart. Customers are the lifeblood of any business and with the progression of time, it has become possible for businesses […]