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Example of a Business Process Model and Notation for a process with a normal flow. Business Process Model and Notation (BPMN) is a graphical representation for specifying business processes in a business process model.
Market research is an organized effort to gather information about target markets and customers. It involves understanding who they are and what they need. [1] It is an important component of business strategy [2] and a major factor in maintaining competitiveness.
A feasibility study is an assessment of the practicality of a project or system. A feasibility study aims to objectively and rationally uncover the strengths and weaknesses of an existing business or proposed venture, opportunities and threats present in the natural environment, the resources required to carry through, and ultimately the prospects for success.
Appeal to novelty (argumentum novitatis, argumentum ad antiquitatis) – a proposal is claimed to be superior or better solely because it is new or modern. [88] (opposite of appeal to tradition) Appeal to poverty (argumentum ad Lazarum) – supporting a conclusion because the arguer is poor (or refuting because the arguer is wealthy).
In strategic planning and strategic management, SWOT analysis (also known as the SWOT matrix, TOWS, WOTS, WOTS-UP, and situational analysis) [1] is a decision-making technique that identifies the strengths, weaknesses, opportunities, and threats of an organization or project.
A standard operating procedure (SOP) is a set of step-by-step instructions compiled by an organization to help workers carry out routine operations. [1] SOPs aim to achieve efficiency, quality output, and uniformity of performance, while reducing miscommunication and failure to comply with industry regulations.
A trial balance is an internal financial statement that lists the adjusted closing balances of all the general ledger accounts (both revenue and capital) contained in the ledger of a business as at a specific date.
Malaysian Malay (Malay: Bahasa Melayu Malaysia) or Malaysian (Bahasa Malaysia) [7] —endonymically within Malaysia as Standard Malay (Bahasa Melayu piawai) or simply Malay (Bahasa Melayu, abbreviated to BM)— is a standardized form of the Malay language used in Malaysia and also used in Brunei and Singapore (as opposed to the variety used in Indonesia, which is referred to as the "Indonesian ...