Is there difference between strategic thinking and strategic planning? There is an ongoing academic debate regarding the difference between these two concepts. Many theories have been developed ranging from, the one is the flip side of the other, up to a model aiming at describing all the dimensions and inter actions of strategic thinking. Practicing [...]

Economic activity started when ancient entrepreneurs used bartering as an economic need satisfying process.  For example, an entrepreneur with the abilities to make effective knives would barter his offerings for other need satisfying products/services.  However, optimum trade with this bartering process had a serious limitation.  Trading could not take place in cases where demand and [...]

An entrepreneur is a person, who have entrepreneurial abilities and utilizes these abilities to practices entrepreneurship. The term entrepreneurship can be defined as: “The ability to provide better and/or new solutions to general problems people have. These solutions are in the form of products and services which are sold at a profit in the market [...]

The concept “marketing” was developed by entrepreneurs to provide their organizations with a competitive advantage at a time in the middle of 19th centuary when healthy competition between firms started to erode sales volumes and therefore also profit margins. You will realize in reading this compact article that the basic logic, which underpins the concept [...]

IMVAB’ENGCWELE PRODUCTIONS Registration Number 2007/089845/23 NO.857 NU 9 Mobile : 083 208 6000 Mdantsane Tel/Fax: 043 7621 863 East London Email: vukuzenzelepro@gmail.com 5219 Date: 01-08-2011 Dear Corina LETTER OF APPRECIATION I would like to express my sincere gratitude for the opportunity afforded to me through the NVC learnership programme The learnership, as presented, has been [...]

If you understand how demand and supply determines the prices of all products and services, including the price of money (interest rates), reading the economy becomes very easy. Take a while and recall any auction you have attended in the past. You have surely experienced that a strong demand resulted in high prices as well [...]