Tag Archives: Business traineeships

Business Compliance

Compliance and compliance management is imperative to every business, no matter how large or small. If a business is not compliant in relation to laws, regulations, industry standards, key legal agreements and company policies, pose a risk to a business. Throughout a business traineeship, you will learn what compliance is and how businesses respond to […]

Keeping An Operational Plan On Budget

Ensuring that you only spend the amount of money that has been budgeted is as equally important as ensuring that the project is completed on time. The purpose of any new operational plan is to improve or at least maintain the amount of profit made by the business. Undertaking a business traineeship will assist you […]

Monitoring Operational Plans

Throughout the implementation of your operational plans, you must ensure that they are going according to plan. There is no point spending all that time developing plans, setting targets and deciding how to measure your success if you don’t monitor the plans in action. Studying a business traineeship will demonstrate how monitoring your plans effectively […]

Operational Plans: The PEST Analysis

Studying a business traineeship will introduce you to a number of business models to assist you develop an operational plan. The PEST analysis is a useful tool for understanding market growth or decline, and as such – the position, potential and direction for a business. PEST is an acronym for Political, Economic, Social and Technological […]

Mckinsey’s 7s Framework

A business traineeship introduces you to the McKinsey 7s model of organisational structure. The model is based on the theory that, for an organisation to perform well, these seven elements need to be aligned and mutually reinforcing. So the model can be used to help identify what needs to be realigned to improve performance, or […]

Product launches

Inevitably a business traineeship will introduce you to marketing products and services through product launches.  Product launches are events or activities that announce the arrival of a new product or service on the market. The product launch is probably the most important time in a product’s life cycle, particularly in terms of promotion. It provides […]