Business – Perikles Vrouvas

10 books for the professional manager

Business StrategyJune 18, 202593Views 0Likes 0Comments

As I wrote in a previous article presenting the House of Command tool, Management is about developing and managing people. For more information, click here. Experiencing 16 years of owning and managing a manufacturing company, I realized that Management is both an art and a science. Trying to find correct answers to solve real, practical issues, I…

Having troubles managing people? Try the House of Command

Business StrategyJune 18, 202594Views 0Likes 0Comments

The context Being a manager is a tough and challenging job, especially when the fundamental resource of all time is scarce. Add conflicting roles and obscure goals; you have an explosive mix to handle. ‘’So little time, so much to do,’’ Louis Armstrong would say. Being a project manager at industrial refrigeration installations for 16…

What can companies do during a recession?

Business Strategy, EconomyJune 18, 202578Views 0Likes 0Comments

Economic recessions can be challenging for companies as they bring declining consumer spending and increased competition for business. However, there are steps that companies can take to weather the storm and emerge from the recession stronger. This article will explore what research suggests on what companies can do during a recession. Focus on core competencies…

5 main ways to fight inflation

Economy, Politics, UncategorizedJune 18, 202541Views 0Likes 0Comments

Inflation is a persistent increase in the general level of prices of goods and services in an economy over a specific time. It is a significant economic issue that affects the purchasing power of consumers, the profitability of businesses, and the overall financial stability of a country. In this article, we will explore what research…

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What research reveals about most companies’ strategic problems

Business StrategyJune 17, 202584Views 0Likes 0Comments

Every business leader and every executive in the strategy room understands the importance of strategy in achieving the company’s goals. However, despite the prevalence of strategic planning, many companies still struggle to create and execute an effective strategy. Research has identified several common problems companies face when developing and implementing strategic plans. Some of the…

Dealing with Price-Sensitive Customers: Strategies for Success

Business StrategyJune 17, 202548Views 0Likes 0Comments

Introduction Price-sensitive customers are mainly concerned with the cost of products and services, often prioritizing price over other factors when purchasing (Monroe, 2003). Businesses must successfully manage such customers if they want to maintain profitability and customer satisfaction. In this article, we will explore strategies for effectively dealing with price-sensitive customers, focusing on understanding their…

The patterns of an economic recession

Business Strategy, Economy, PoliticsJune 17, 202545Views 0Likes 0Comments

An economic recession is a period of a significant decline in economic activity, typically lasting at least six months. It is characterized by decreased Gross Domestic Product (GDP), employment, and consumer spending. Recessions can significantly impact households and businesses, so understanding the patterns of economic recessions is essential for policymakers and investors. In this article,…

Defining business strategy

Business StrategyJune 17, 202549Views 0Likes 0Comments

Business strategy as a term is frequently used in the world of commerce, yet its definition can be pretty elusive. Essentially, business strategy refers to a company’s plan of action to achieve its long-term goals and objectives. It involves the allocation of resources, the identification of key strengths and weaknesses, and the implementation of tactics…

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Embracing the Irrational: Principles of Behavioral Economics

Business Strategy, Economy, Psychology-Personal DevelopmentJune 17, 202557Views 0Likes 0Comments

Introduction Behavioral economics is an interdisciplinary field that combines insights from psychology and economics to understand human decision-making better. Contrary to the traditional economic model, which assumes that individuals are rational and utility-maximizing, behavioral economics considers the cognitive biases and heuristics that can lead to suboptimal decision-making (Mullainathan & Thaler, 2000). This article will explore…

How to apply Sun Tzu in modern business

Business StrategyJune 17, 202566Views 0Likes 0Comments

Sun Tzu was a Chinese general, strategist, and philosopher who is best known for his treatise on military Strategy, The Art of War. While Sun Tzu’s teachings were intended for use on the battlefield, his principles have been applied to various aspects of modern life, including business strategy. This article presents the critical lessons from…