Critical success factor is the term used for an element that is necessary for the success of an organization or project. This element is critical because it is required for the success of a project or organization. In the beginning this term was used in data analysis or business analysis.For example in an information technology project user involvement is the critical success factor.
Innovation cannot be without uncertainty and risk. Creating and offering something new is called innovation. Because innovation involves development of new product, service of modification to existing one so it cannot predicted whether it will be received with appreciation or not. Current essay is aimed at determining the sources of risk in innovation projects and risk management strategies.
The focus of the current report is explaining operations management through the introduction of a new product. Operations management is the process to manage resources that help to produce and deliver products and services. The author presented the idea of a chocolate factory with the name “Fun Chocolates Factory”. The products will be chocolates of all types with innovative and funny designs. The product design and development is based on the current trends of this business using a case study of “Delight Chocolate Factory, Dubai” which is its competitor. All steps from inception to launch including preparation, distribution and promotion have been described.
The present study focuses on conducting an in-depth study of E-CRM and how it benefits the companies. In the era when most companies are conducting their business through online sources, it is important for businesses to develop strong relationship with the consumer.
Business analysis is a special field in the business management that is used to for identification-business needs, business risks and determining their solutions. There are many analytical tools available to analyze a business or its strategy such as Petsle, SWOT and CATWO, Five Whys,Portor’s Five Factors Model etc.