What Is A Request For Tender (RFT)?

Need to know what a Request for Tender (RFT) is and how to navigate them? This article will explore everything you need to know about request for tenders.

What Is Human Resource Management (HRM)? 

Human resource management (HRM) is a central aspect of businesses and their operations. This article explores everything associated with human resource management (HRM) from its importance to strategies you should employ.

What Is An Engagement Letter?

What Is An Engagement Letter? An engagement letter is a written document that sets out the business relationship between a client and a company. Engagement letters serve as an agreement between two parties on the terms of their engagement. Engagement letters are used when a business is providing services to clients or when a business […]

What Is An Environmental Policy?

Introduction A business’s environmental policy sets out a business’ commitment to protecting the environment and complying with all relevant legal and regulatory requirements. The policy also sets out the details of specific obligations the company intends to fulfill. These obligations may include travel, energy usage and waste management. With greenwashing on the rise, and social […]

What Are Bad Debts and How Should You Deal with Them?

Not all debts are equal. Some debt can be good and some can be bad. Think of it outside of the business realm: people get into debt through student loans to attend university. Whilst this debt can lead to financial hardships, it is ultimately “good debt” as the degree means they can work once it’s […]

Mission Statements vs Vision Statements: Everything You Need To Know & Examples

Introduction  Mission statements vs vision statements, what are the differences? Mission and vision statements are important components of a business’s strategic plan as they provide a clear sense of direction and purpose. Whilst both statements are similar and slightly overlap, they are ultimately distinguishable by their aim and purpose for the business. Both mission and […]

What Is Business Process Outsourcing? Everything You Should to Know About BPO.

What Is Business Process Outsourcing (BPO)? Business Process Outsourcing (BPO) refers to the act of a business contracting a business operation via subcontracting these activities to third parties. Business process outsourcing was originally used as a strategy to minimise manufacturing and maintenance costs. Due to globalisation, digitalisation and lower costs, BPO has evolved into a […]

What Is An Environmental Policy?

Every business should have an environmental policy. This article explores everything you need to know about environmental policies.