MyMG Team | Your Guide to Project Management Best Practices - Part 30

Your Guide to Project Management Best Practices

Author: MyMG Team

buying a business franchise

Business & Finance

Buying a Franchise Business – The Pros and Cons

deliberate decision on buying a franchise business should be made considering all the pros and cons of the deal. The greatest advantage of franchising for the owner is the ability to bring independent retailers together through using one and the same brand name, model, and business concept. Buying a franchise business means participating in distributing products or services through retailing channels owned by independent operators. Franchising makes it possible for the franchisor to growth the business while minimizing investment activities.

project objectives document

Project Implementation Guide

Project Objectives

Establishing objectives of a project is an activity that takes place during the planning process to determine what the project is supposed to accomplish when ended. Without a clear and comprehensible definition of objectives it is impossible to plan for the end result, that is deliverables. In the following article I tried to explain what objectives mean and how to distinguish the terms “goal” and “objective” as well as the terms “deliverable” and “objective”. This article is a part of the Implementation Guide.

why research markets

Business & Finance

The Importance of Market Research Explained, or Why You should Research Markets

Today it is nearly impossible to efficiently sell a product or service without having conducted market research. The importance of market research is that a business company gains a suite of solutions for developing business processes, increasing profits, improving company performance, investigating competitors and getting more satisfied customers. The following article highlights three key opportunities that your organization can gain from planning and conducting market research.

effective talent management in 4 steps

Templates

Checklist: Effective Talent Management in Four Steps

It’s nearly impossible to make a business flourishing and highly competitive without effective talent management in place. Human resources are the driving power of any business, and talent management helps managers and owners to retain workforce, develop employee skills and improve team performance. Effective talent management allows filling up the skill gap and avoiding performance reductions through recruiting talented employees and developing competencies and knowledge of existing workforce. Managing talents and competencies of employees can be presented as a consistent process that consists of the four key steps, such as Recruitment, Retention, Development and Performance. Each of the steps of effective talent management can divided into sub-steps that better characterize the process and its essence. In this article we present a checklist for carrying out the process in the four key steps.

project phasing

Project Implementation Guide

Project Phases

Project phasing becomes important in the context of achieving the project’s purpose and its objectives stated by the policy. It gives information required to understand how to methodologically achieve the project’s purpose, what the project phasing process is, and which phases are typically involved in the project implementation life-cycle.