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 […]
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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 […]
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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 […]
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In today’s competitive business world, sales teams need every advantage they can get. Effective sales training teaches your salespeople key skills that can help them handle challenging conversations with clients. Choose a program that aligns with your goals and includes clear learning objectives. It’s important to provide reinforcement to keep your salespeople on track with […]
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