Entrepreneurship and innovation are important in all areas of business and play a crucial role in the economy, and understanding the relationship between entrepreneurship and innovation is essential for identifying…
A company should have a long-range business strategy if it is going to maintain a competitive position in the marketplace. A business strategy is a plan for the company that…
Today’s organizations face a number of trends that impact the way supply chains are designed and managed. These trends are a result of a fast-changing global and technologically connected economy…
There are three key characteristics of a competitive supply chain: responsiveness, reliability, and relationship management. We discuss these here. Responsiveness The ability to respond to customers’ requirements in ever-shorter time…
Supply chain management (SCM) is the design and management of flows of products, information, and funds throughout the supply chain. It involves the coordination and management of all the activities…
In finance and our previous post, we often talk about risk management, when it is understood that we are talking about financial risk management. Risk managers are found in a…
Before we can begin to describe what is financial risk managers do, we need to understand what financial risk is. In finance, the risk arises from uncertainty surrounding future profits…
Financial risk is often divided into four principal types of risk: market risk, credit risk, liquidity risk, and operational risk. To varying degrees, most financial transactions involve aspects of all…
There are major differences between the two fundamental types of research, including: Respondent differences;Sample and sample size differences;Content differences; Respondent differences: As was stated in the definition, B2B market research…
To reduce agency problems and contribute to the maximization of owners’ wealth, stockholders load agency costs. Agency costs are defined as those costs borne by shareholders to encourage managers to…
The goal of the financial manager should be to maximize the wealth of the firm’s owners. Thus managers can be observed as agents of the owners who have hired them…
The nature of financial decisions varies from one firm to the other. It may also be different from the same firm over a period of time. The reason is that…
A Financial manager organizes and manages an organization’s or an individual’s financial portfolio. They also make financial reports, supervise investments and help with cash management. So, a financial manager is…