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10 Values that Contribute to Business Success

10 Values that Contribute to Business Success

The root of any business is a great idea that is presented strongly and confidently by a team of people who work together. It all starts with the idea and then bringing in a team to convert the idea into reality. This is the vital characteristic of most successful businesses.But it is not easy to…

Definition and Importance of Record keeping

Definition and Importance of Record keeping

Home » Accounting Dictionary » What is Recordkeeping?Definition: One of the main parts of accounting is recordkeeping or bookkeeping. Recordkeeping is the process of recording transactions and events in an accounting system. Since the principles of accounting rely on accurate and thorough records, record keeping is the foundation accounting.ExampleAn example of an accounting event would…

Essential Guide to Business Process Mapping

Essential Guide to Business Process Mapping

The following are tips gleaned from around the web followed by expert opinions and tips on business process mapping. Apply business process mapping to the right types of processes. Processes that reflect how decisions are made may not be the best processes to map because they are limited in steps, and may not offer the most…

Business Process - Definition, Lifecycle Steps and Importance

Business Process – Definition, Lifecycle Steps and Importance

Everyone talks about business processes, but there remains a lot of confusion regarding them. To provide some clarity, here is all the information you’ll need regarding what they are, and why your business needs to understand them.What is a business process?A business process is a series of steps performed by a group of stakeholders to…

How to and Importance of Building a Successful Business Team

How to and Importance of Building a Successful Business Team

Building a successful team is about more than finding a group of people with the right mix of professional skills. Over the course of interviewing over 500 leaders for Corner Office, I asked them all about the art of fostering a strong sense of teamwork. Their insights can help you lay the groundwork for a…