Fintech Development in Trade Finance Creates New Opportunities and Challenges
Fintech firms need to reevaluate their income sources and business strategies because of changes in the market environment which leads them to apply a shrink-to-grow approach like Scalable Capital’s elimination of their UK and Swiss offices to strengthen their presence in local markets. Digital platforms expedite documentation and approval procedures for small- to mid-sized businesses […]
Read More
Understanding and Managing Currency Risk in Trade Capital
Companies operating globally often face currency risks when importing and exporting, which can increase costs while decreasing revenues based on changes to one currency relative to another. Businesses can utilize various strategies to successfully mitigate risk. A combination of natural hedging, financial instruments, diversification and strategic planning may help manage risks and enhance performance. Transaction […]
Read More
Strategies for Mitigating Investment Risk in Businesses
Businesses must effectively manage risk to ensure profitability and protect assets, but certain risks cannot always be avoided. There are various strategies you can employ to reduce investment risk, including avoidance, reduction, transference and acceptance. It is crucial that you regularly review and document the results of your mitigation plans. Risk Avoidance Before embarking on […]
Read More
The Role of Entrepreneurial Orientation in Business Model Innovation
Entrepreneurial Orientation (EO) is an essential factor that positively influences entrepreneurial performance; however, its effect can only be felt via business model innovation. This study investigates the underlying mechanism by studying 288 new entrepreneurial enterprises. Results demonstrate that business model innovation fully mediates between entrepreneurial orientation (EO) and performance; with market orientation acting to moderate […]
Read More
Effective Techniques for Closing Sales Deals
Prospects will sometimes drag their feet or take too long to make up their mind; but, although this is infuriating, it must not cause us to despair of ever getting to the end. Many closing techniques are available to a salesperson that will help you close more sales, gain more revenue and grow your business, […]
Read More
The Psychology of Consumer Decision Making
Understanding consumer psychology informs successful business because it allows companies to better align their marketing and selling activities with what consumers want and are willing to part with their money for. Here are five important steps consumers go through while they decide what to purchase. We will examine each of these five steps: problem recognition, […]
Read More
Trade Show Booth Design Trends
Design trends can propel you to the head of the pack, helping you cut through fierce competition and say something bold in a world that is packed with noise. Trends are not about fashions that will soon come and go, rather they speak to much bigger shifts in consumer evolution and technological waves. Bold graphics […]
Read More
Auditing in the Digital Age – Leveraging Big Data and Analytics
Technology is changing auditing. Knowing what changes are happening helps those who audit serve their customers better and work faster. Tools for data analytics help auditors to go through a lot of data and transactions quickly looking for patterns, exceptions and risks as well as to reduce errors by automating manual entry and reconciliation processes. […]
Read More
The Psychology of Pricing: Strategies to Optimize Sales
Pricing psychology refers to a collection of techniques businesses employ to influence customers’ purchasing decisions. This could involve anything from avoiding round numbers (e.g. prices ending in.99) to taking advantage of price bundling strategies. Pricing psychology can be an effective tool to drive sales while aligning with long-term goals and values. Psychological Pricing Persuading consumers […]
Read More
Trade Show Technology Trends: What’s New in 2024
Trade shows have long been a cornerstone of the business world, offering companies a platform to showcase their products, network with industry peers, and stay updated on the latest trends and innovations. As we step into 2024, the trade show landscape is evolving rapidly, driven by technological advancements that are revolutionizing how exhibitors and attendees […]
Read More
