5 ways to protect against competition

Happy Monday, everyone!  Have you ever had a great idea for a business, then after a quick Google search, you find there's someone doing something similar?  What was your reaction?  My reaction used to be "better think of a new idea."  Having studied some business cases I realize now that this reaction is a bit ridiculous.

Crafting as a business part 2: the Business Model

Good morning and happy Monday everyone!

Today I'm going to continue my discussion of Crafting as a Business. Today's topic: different business models.

Business Strategy Explained

I recently handed in a final report for my strategy class that I took this term.  Strategic Management is a huge topic, and an interesting one. Strategy or the lack thereof often means the difference between success and mediocrity in business, or at worst, the difference between success and failure.  Nevertheless, many people, even senior business executives, often have only a vague understanding of what strategy is.