Porters five forces is most suitable when analyzing the profitability or attractiveness of an industry where a company is considering entering into. It is always advisable for the company to use the five forces in order to determine if it is a worthwhile venture. It is also useful for a company operating in an industry but considering an exit from said industry.
So what are porter’s 5 forces?
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Hello people, how has your day been? Today we would be taking up a slightly different topic. I would be looking at my own career and try to advise those that have an interest in my career line. From my about page, you may know that I am a 22 year old young man that has previously worked in a large pension fund in Nigeria and currently working at a bulge bracket Investment banking group with total assets of c.N190 billion. What you may not know is that entering into the Investment Banking industry for a career is nearly impossible in Nigeria except through connections or by God’s favour; mine was the latter. Please sit back, relax anddd enjoy as I provide you with background information and more details of how I was able to break into the Investment Banking industry.
[Read more…] about How my blog got me an Investment Banking job
Good day people, I own a writing services business in Nigeria, and I was recently given a job to write a personal statement for someone seeking admission to a university in the United Kingdom. That was a first, as I am mostly involved in executive writing, proofreading, writing company profiles, teaching and training manuals, business proposals, business plans, press releases, sales letter, product review, and so much more.
[Read more…] about Personal statement for Undergraduate, Msc or Mba programs
Hello my lovely readers, I hope you are well. Today, after more than a year of using them, I would be doing a review of the Genesis Framework (theme) for wordpress and the child theme maker (Dynamik website builder). Also, i would chip in a review of three other themes i was considering when i wanted to buy a premium theme for my blog.
[Read more…] about The best premium themes for your WordPress blog
What are analytical procedures as it relates to Auditing? With the help of the International standard of Auditing, we are able to arrive at a uniform definition. According to the International Standards for Auditing 520, Analytical procedures mean evaluations of financial information made by the study of plausible relationships among financial and non-financial data. The procedures also encompass the investigation of identified fluctuations and relationships that are inconsistent with other relevant information or deviate significantly from predicted results.
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Hi guys, due to my tight schedule with work, i am going to start giving just summaries on interesting news worthy investment or corporate news starting today. This is for me to be able to cover more topics. So today, we learnt that Molina healthcare has appointed Joseph Zubretsky as its Chief Executive Officer. Please see highlights below.
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A focus group interview is a structured, free flowing interview with a small group of people. It is not a rightly constructed question and answer session, but a flexible format discussion of a brand, advertisement, or new product concept. The group meets at a central location at a predesignated time. Typically, it consists of an interviewer or moderator and six to ten participants, although larger groups are sometimes used. The moderator introduces the topic and encourages group members to discuss the subject among themselves. Ideally, the discussion topics emerge at the group’s initiative. Focus groups allow people to discuss their true feelings, anxieties and frustrations, as well as the depth of their contributions, in their own words.
[Read more…] about Focus Group in Marketing Research
Data collection is done in order to obtain valid information about organizations, communities or research problems. The effort and expense of collecting data is worthwhile because the information obtained would be valuable for diagnosis, analysis and feedback. Data collection activities provide members of an organization with their first in depth contact with a change agent, a scholar or researcher. The first impression formed during the data collection process may arouse interest, create energy, enthusiasm or attract new attention. Data collection is also part of the collection feedback cycle.
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Hi guys, today we would be taking a question and answer series to sharpen up your social and marketing research skills. Lets begin:
Question 1
What is marketing research?
Answer 1
Marketing Research is the conceptualization of a marketing problem followed by objective and systematic collection, recording, analysis, interpretation and reporting of data and information for the purpose of clarifying the problem and solving it.
Marketing research may also be defined as the objective gathering, recording and analysis of all facts relating to the transfer and sale of products and services from the producer to the consumer or end users with the aim of producing answers that are consistent with accepted theoretical principles. [Read more…] about Social and Marketing Research
Hypotheses are tentative answers to research problems and are expressed in the form of a relationship between independent and dependent variables. Hypothesis are tentative, since their veracity can be evaluated only after they have been treated empirically. When researchers propose a hypothesis, they lack assurance that it will be verified. They construct a hypothesis and if it is rejected, they put forward another.
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