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Bid Decisions – The Right Questions to Ask

Bid Decisions – The Right Questions to Ask

Contrary to popular belief, the key to making good bid decisions is not picking the deals in your pipeline that you are going to win, but instead, it is discarding the deals that you are going to lose. It should be obvious that to raise your company win rate, you must stop bidding deals that you have little or no chance of winning. To make the bid/no-bid decision, there are several factors to consider.

Business Writing Faux Pas

Business Writing Faux Pas

Business writing has its obstacles because the goals are different. These projects may involve training new employees, interacting with shareholders, or building a brand and professional image. It is less about entertaining the reader and more about conveying information, persuading readers, or getting people to act. Here are six common mistakes in business writing.

Procurement Methodologies

Procurement Methodologies

Procurement is needed to acquire goods and services for a business. Most businesses attain their clients through competitive bidding. Two of the most common procurement methods are extending an invitation to bid and sending a request for proposals. Though these methods seem similar there are some significant differences between the two.

Practise Makes Perfect

Practise Makes Perfect

Practicing anything regularly indicates one’s intellectual and aesthetic abilities. Practice makes a man perfect as it brings perfection which leads a man towards achieving excellence in a particular subject or field.

Strategic Planning Using Financial Models

Strategic Planning Using Financial Models

Uncertainty is a part of making business plans. But this should not stop you from creating strategic plans. This is where financial modeling comes in. Financial models do not make the future more predictable but it does help you choose between various options and prepare your business to navigate twists and turns as you implement your strategic plan.