6 markets are usually a good way to organize economic activity example

Red-hot inflation, slowing rural consumption, goods and services (GST) complications and the general decline of the unorganised sector are making it hard for small and medium enterprises (SMEs) to drive sales and growth. As is with major business initiatives, an investment in adopting sales enablers requires making a business case. But, unlike other functions, sales and marketing processes are matured and there are enough performance metrics to evaluate investment effectiveness. SMEs can learn from these to measure sales efficiency as well as investment effectiveness. Start by outlining the impact on the execution of sales as a process. Every enterprise has hundreds of sales factors that can be measured, however, not more than five such metrics are needed for execution to succeed. Five metrics impact revenue attainment the most—number of opportunities or leads in the pipeline, average deal size, success rate, length of the sales cycle and the number of “active” sales staff. … [Read more...] about 5 sales metrics to fast-track business growth

You’ve undoubtedly seen advertisements for a pheromone perfume or a pheromone fragrance. Many claims that using their product would make the user more sexually desirable, boost their libido, or serve as a catalyst for other benefits that are almost too wonderful to be true. Despite this, the possibility of a spritz that turns you into a sexy person is tough to resist. There are a lot of fragrances and perfumes on the market that claims to include components that might make you more appealing to other people, but scientists are still debating whether or not humans can detect pheromones. You might be asking if the claims made about pheromones are simply a lot of hype or whether they really function. Let’s find out more about how this stuff works, but before we do that, we must have a firm grasp of what pheromones are. What are pheromones? Pheromones are the fragrances that animals emit to communicate with one another and other species. These odors denote territory, … [Read more...] about Pheromone Perfume: Does it Really Work?

Share to Twitter Share to Linkedin The legal industry has been remarkably buoyant in a tumultuous world. It has weathered 9/11, the global financial crisis, economic downturns , automation, digital transformation , domestic and international instability, and the Pandemic. Through it all, the legal sector has prospered financially , even as its resistance to change has misaligned it with business and distanced it from society . Law’s financial success has come at a steep price—the health and well-being of its workforce, an obscured purpose, and high profits but low customer satisfaction. Public trust in lawyers , legal institutions , and the vitality of the rule have law are historically low. Most Americans believe the legal system is accessible only to the wealthy and the data confirms this. The legal system is widely perceived as lacking accessibility impartiality, transparency, diversity reflective of the society it purports to serve, … [Read more...] about Democratic Degradation Is Law’s Ultimate Disruptor

Share to Twitter Share to Linkedin It’s a bit of unreported on history that will eventually vanish, but back in 2005 Ben Bernanke went on a “listening” and “courting” tour. This thoroughgoing Keynesian who believed deeply that economic growth caused inflation, that government spending boosted growth, and most laughably, that “tight money” from the Fed brought on the 1930s, tried to refashion himself as a “Republican” economic thinker, whatever that means. Bernanke met with anyone on the Right who would meet with him, and who theoretically had juice. His motives were clear: he was on George W. Bush’s shortlist for Federal Reserve Chairman, at which point he was checking the various Right-wing boxes. He even had lunch with Cato co-founder and President Ed Crane. Crane was clear about his disdain for the Phillips Curve (see above), only for Bernanke to mutter something indecipherable about growth and inflation a la Alan Greenspan’s own inscrutable mutterings as Fed … [Read more...] about Alan Greenspan’s Genius at the Federal Reserve Was In Hiding How Little He Knew

Share to Twitter Share to Linkedin Does setting an ambitious goal encourage concerted efforts to reduce emissions, or is it more likely to make the public more cynical about the intractability of the problem? You might love or hate Franklin Delano Roosevelt, but I wish that subsequent presidents would forget about his “100 days” program which was intended to be an emergency action addressing the Great Depression. It has left at least some of his successors feeling they need to show similar verve in designing policies to address the most salient problems of the day. Most such have not been a success, with the Clinton effort to quickly fashion and enact a health care plan one of the most obvious failures. In keeping with tradition, the Biden Administration has come up with a goal of reducing American greenhouse gas emissions by 50% by 2030. Biden’s vision has met with the usual degree of praise, scorn and skepticism, validating the old maxim ‘where you … [Read more...] about Biden’s Climate Goals Are Unrealistic. Does That Help Or Hurt Emissions Reduction?

Share to Twitter Share to Linkedin Inflation is up 8.5% since this time last year according to this morning’s CPI report . Economists expected the CPI to increase by 8.7% . Continued high inflation is lowering real earnings and undermining consumer confidence . The Federal Reserve has the biggest role to play in combatting high inflation, but better economic policies from President Biden and Congress would help. Inflation is fundamentally a problem of too much money chasing too few goods. The Federal Reserve controls the money supply, so it is ultimately responsible for the long-term path of inflation. Right now the economy is sending the Fed mixed signals: The latest jobs report shows the economy created 528,000 new jobs in July, but real GDP declined the last two quarters, which typically signals a recession. Labor productivity also fell each of the past two quarters, which is another sign of slower economic growth. The declines in real GDP … [Read more...] about Inflation Still High And Biden’s Policies Are Not Helping

In a world where we have more information than ever before, it’s still difficult to get noticed. That’s why the modern entrepreneur needs a strong pitch deck. A well-designed presentation that clearly spells out the benefits of your product or service and how it will change lives for the better is an essential tool in any businessperson’s arsenal. Here are 12 key rules you must follow when designing your very own pitch deck : 1) Keep your slide deck simple and straightforward The most successful decks are usually those with clear objectives and concise explanations of what they offer and how they work. The average viewer should be able to glance through your slides and understand the key points without too much effort. Venngage 2) Use a professional template or design software. Using an amateurish or unprofessional design can doom your presentation before it even starts. Make sure you use a quality template or design software to create … [Read more...] about Top 12 Design Rules to Follow When It Comes to Your Pitch Deck

A concept image of a new waste incinerator to be built in Seoul [SEOUL METROPOLITAN GOVERNMENT] Seoul announced Wednesday that it will build a new waste incinerator by 2026 and make it into a city landmark. The city government held a press conference Wednesday to announce the new incinerator for municipal waste. In addition to the four incineration plants already in the capital — in Yangcheon, Nowon, Gangnam and Mapo — Seoul announced it will add another by 2026. An independent committee will choose the site in September. According to the city government, the four plants operating in Seoul incinerate around 2,200 tons of waste per day. That is not enough for the household waste generated by its 9.5 million residents, and some 1,000 tons is being buried in the Sudokwon landfill in Incheon. Following a ban on burying municipal waste in landfills in the greater capital region that goes into effect in 2026, Seoul needs a new incinerator. In 2019, the city twice attempted to … [Read more...] about Seoul says its 5th incinerator will become a landmark

Representative image Alcoa Corporation, the largest aluminium producer in the US, triggered concerns after failing to specify demand growth for the year and citing near-term uncertainties while reporting its second-quarter earnings. This may signal concerns for Indian aluminium manufacturers whose financials are sensitive to base metal prices. Alcoa said the 2022 market is expected to be in deficit and demand for aluminium is likely to be positive year on year. The company did not mention a growth rate for demand, which the street had expected because it typically announces it during the quarterly results. Alcoa said in a presentation to investors that uncertainties include the impacts of China’s stimulus programme, disruption in exports from Russia, near-term economic growth concerns, and the threat of further curtailment in production given high global energy prices. Alcoa’s net income increased 17.1 percent sequentially and 77.7 percent year-on-year to $549 million … [Read more...] about Alcoa cites near-term uncertainties, signalling caution for global peers

Former president of Kiehl’s Chris Salgardo dedicated 18 years of his career to leading the New York-based brand to becoming one of the best-selling beauty brands in history. Today, more than two years after leaving Kiehl’s, Salgardo launches Atwater , a men’s grooming range named after his father’s hometown in California. At launch, Atwater will comprise of 10 products—ranging from cleanser to exfoliant to moisturizer—and will be available via direct-to-consumer channels as well as in Nordstrom store locations in the United States. advertisement advertisement Atwater is the latest beauty brand to launch in recent memory that’s founded by industry veterans with decades of experience and institutional knowledge at their disposal—legendary makeup artist Bobbi Brown brought Jones Road to market the moment her 25-year non-compete lifted in 2020, and former Estee Lauder VP Chaz Giles debuted personalized skin-care platform Revea last year. … [Read more...] about Former Kiehl’s president Chris Salgardo launches Atwater, a grooming brand for men