Tag: management

3 Questions Your Banker Wants Answered

Recently, I had lunch with our banker.  During the meeting, I asked her what she wanted to accomplish when meeting with her customers.  She said that she wanted to know the 3 questions your banker wants answered… 3 Questions Your Banker Wants Answered 1.  How are you feeling about your business and the local economy?

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Workplace Diversity

See Also: Emotional Intelligence in the Workplace Co-employment in a PEO Arrangement What is Workplace Diversity? Diversity in the Workplace is a reality in most businesses and organizations. If organizations strive to improve their competitive advantage in the market, then they must learn how to successfully manage a diverse workforce. Diversity Management In a workplace,

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What The CEO Wants You to Know

Book: What the CEO Wants You to Know What the CEO Wants You to Know by Ram Charan is one of the financial leadership books that we encourage all of our coaching participants to read. In this book, you will learn… How your company really works Developing business acumen Tackling complexity Viewing business like an investor

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Signs Of A Company In Trouble

See Also: Value Drivers: Building Reliable Value Chain Cash Flow Statement Working Capital Free Cash Flow Management Definition Signs of a Company in Trouble Usually, a troubled company has warning signs which are consistent across industries. When considering an acquisition of, investment in, or employment with a company it is best for your peace of

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Variance Analysis

See Also: Direct Labor Variance Formulas Direct Material Variance Formulas Asset Market Value versus Asset Book Value Accounting Income vs Economic Income ProForma Financial Statements Variance Analysis Variance analysis measures the differences between expected results and actual results of a production process or other business activity. Measuring and examining variances can help management contain and

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Value Chain

See Also: Valuation Methods Value Drivers: Building Reliable Systems to Sustain Growth Porters Five Forces of Competition Responsibility Center Cost Driver Value Chain Definition Value chain refers to the functional activities of a business that add value to its customers. The concept was created around 1985 by Michael Porter, Harvard Business School professor. According to

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Theory of Constraints

See Also: Total Quality Management Activity Based Management How to Manage Inventory How to Manage Your Banking Relationship Malcolm Baldrige National Quality Award Theory of Constraints Definition Theory of Constraints is a broadly applicable approach to managing business operations within an organization. Basically, the theory of constraints is a management philosophy designed to help organizations

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Transfer Risk

See Also: Electronic Funds Transfer (EFT) Transfer Pricing Transaction Exposure Hedging Risk Accounting Controls Transfer Risk Definition Transfer risk is defined as the risk associated with currency conversion from the money of one nation to another. It is a large factor in international business and currency trading alike. Transfer risk may be associated with changes in

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Ten In-house Secrets For Reducing Your Company’s Legal Costs

See Also: Tips on How to Manage Your Lawyer What Relationship Should the General Counsel Have With the Board How to Keep Your Corporate Veil Closed Corporate Veil Sunk Costs Bankruptcy Costs Ten In-house Secrets For Reducing Your Company’s Legal Costs ‘General Counsel,’ or “Chief Legal Officer,” is the job title of the lawyer who

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Success Is Your Business

See Also: Emotional Intelligence in the Workplace Are You Collecting the Data You Need to Run Your Business? Five Reasons To Pay Attention To CRM Software Warning Signs of a Company in Trouble Working Capital Analysis Success Is Your Business I am going away from talking about traditional cash flow analysis this week. I was

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Standard Costing System

See Also: Standard Costing Example Process Costing Activity Based Costing vs Traditional Costing Absorption vs Variable Costing Implementing Activity Based Costing Cost Driver Budgeting 101: Creating Successful Budgets Analyzing Your Return on Investment (ROI) Product Pricing Strategies Standard Costing System In accounting, a standard costing system is a tool for planning budgets, managing and controlling

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