While on business travel, I was riding the Metro subway in Washington, DC and got off at the end of the line. Your article gets shared on social media. It helps you get discovered by people who might not know you. Executive Life Insurance is also known as key man insurance. Keyman as the name itself suggests, basically insures your business against the loss of a key person in your company. Natural Balance Foods adopts differentiation strategy for its Trek and Nãkd (two branded products). This strategy refers to manufacturing or creating products or services that have sufficiently distinctive attributes from those offered by competitors (Mashruwala and Tripathy, 2014). Natural Balance Foods, for example, unlike some of its direct and indirect competitors which offer inorganic snacks, this company offers natural or organic food products (Companies House, 2018). For instance, as mentioned above, the ingredients of all of its products that fall under the portfolio of Trek and Nãkd are natural (mainly fruits and nuts).
Many businesses are partnerships; their day to day operations are handled by more than one person. The death or incapacity of a key person in a business can have devastating consequences: Who will be in charge? Are the other partners in agreement with the deceased partner’s replacement? If there is no replacement, how will the business compensate the deceased partner’s family? Succession planning should be in place well in advance to avoid future difficult situations. business plan These situations must be handled with knowledge and experience to avoid costly litigation and the destruction of lifelong friendships. Through sponsorships based on the type of sport in various countries, Nike has established itself throughout the years as a popular global brand. In Latin America, where soccer is the top sport, their most paid sponsors are soccer players, whereas in America it is more likely to be basketball players getting those top sponsorships.