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Friday, April 11, 2025

Commerce Project - Classification

 Projects can be classified into Finance, Marketing, HRM (Human Resource Management), Entrepreneurship, and other domains based on the primary focus, objectives, and functions of the project. Here's a breakdown of how to classify them:


🔹 1. Finance Projects

Focus on managing money, investments, costs, and financial planning.

Common topics:

  • Capital budgeting decisions

  • Financial statement analysis

  • Working capital management

  • Investment risk analysis

  • Startup funding and valuation

  • Credit risk management

  • Portfolio analysis

Ask yourself:
👉 Does the project involve financial data, investment decisions, or cost management?


🔹 2. Marketing Projects

Deal with market research, customer behavior, promotion, and branding.

Common topics:

  • Consumer buying behavior

  • Brand positioning and awareness

  • Social media marketing strategies

  • Market segmentation and targeting

  • Customer satisfaction analysis

  • Digital marketing impact

Ask yourself:
👉 Is the focus on customers, promotion, sales, or market trends?


🔹 3. Human Resource Management (HRM) Projects

Centered around workforce management, training, motivation, and organizational behavior.

Common topics:

  • Employee engagement and satisfaction

  • Performance appraisal systems

  • Training and development programs

  • Organizational culture

  • Work-from-home impact on productivity

Ask yourself:
👉 Does it explore issues related to employees, motivation, training, or workplace dynamics?


🔹 4. Entrepreneurship Projects

Relate to starting and growing new ventures, innovation, and business models.

Common topics:

  • Business model development (e.g., using the Business Model Canvas)

  • Feasibility study for a startup

  • MVP (Minimum Viable Product) development

  • Entrepreneurial finance

  • Social entrepreneurship

Ask yourself:
👉 Is it about launching, validating, or scaling a business idea?


🔹 Other Common Domains

  • Operations/Production – focuses on logistics, efficiency, supply chain.

  • Information Systems – tech-driven business solutions or digital transformation.

  • International Business – focuses on cross-border trade, global strategy.

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