Industrial engineering - EDUCATIONLEAVES

What is Market segmentation? Types, Importance, Examples

January 3, 2025December 28, 2024 by Sukanta Maiti

In today’s competitive business landscape, understanding your audience is key to creating truly resonating products, services, and marketing strategies. Market segmentation is a way of aggregating prospective buyers into groups or segments based on demographics, geography, behaviour, or psychographic factors to better understand and market to them. This targeted approach not only improves customer satisfaction but … Read more

What is Organizational Conflict? Types of Organizational Conflict, Causes, Impact, & How to Manage Organizational Conflicts? (PDF Included)

June 28, 2024 by Sukanta Maiti

What is organizational conflict? and how to deal with it?

Conflict within organizations is a common and often unavoidable aspect of workplace dynamics. While conflicts can be disruptive, they can also lead to growth and innovation when dealt with effectively. In this article, we provide a detailed examination of organizational conflict, including its types, impacts, causes, and strategies for resolution, complemented by real-world examples and … Read more

What is Departmentation? Types, Importance, Process

February 16, 2024 by Sukanta Maiti

Departmentation is the process of breaking down an enterprise into various departments.

Understanding Input-Output Analysis: Meaning, Components, Advantages and Disadvantages

January 18, 2024 by Sukanta Maiti

Input-Output Analysis (IOA) is a powerful economic tool that facilitates a comprehensive understanding of the complex interdependencies within an economy.

What is Capital budgeting? |Importance, limitations, method of Capital budgeting.

November 20, 2023 by Sukanta Maiti

Capital budgeting helps companies decide where to allocate their funds for projects that will benefit them in the long run.

What is Game Theory? |Process, types, Concepts, Advantages and disadvantages

November 7, 2023 by Sukanta Maiti

Game theory’s ability to model and analyze strategic interactions has proven invaluable in addressing complex problems involving conflict, cooperation, and competition.

What is Value Analysis? |Process, Example, Benefits, Applications

October 9, 2023 by Sukanta Maiti

Value analysis, also known as Value Engineering, is a systematic and structured approach that organizations use to improve the value of their products, services, or processes. This powerful tool enables businesses to identify and eliminate inefficiencies, reduce costs, enhance quality, and drive innovation.

What is System Analysis? |Key Concepts, Types, Steps

October 3, 2023September 28, 2023 by Sukanta Maiti

At its core, system analysis is like dissecting a puzzle to understand how each piece fits together. It’s the systematic process of examining a system, be it a computer program, a manufacturing process, or even a traffic management system, to comprehend its inner workings and identify areas where improvements can be made.

What is Product development? Types, Stages, Processes, PDF

February 28, 2025August 29, 2023 by Sukanta Maiti

Product development refers to the comprehensive process of conceptualizing, designing, and introducing a new product to the market. It encompasses various stages, starting from the initial idea to the final launch, and often involves continuous improvement even after the product has been released. The

What is standardization?|Examples, Process, Advantages & Dis-advantages

August 21, 2023August 20, 2023 by Sukanta Maiti

In a rapidly advancing world, standardization plays a crucial role in promoting efficiency, ensuring quality, and enhancing interconnectivity across various sectors.