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Posts tagged as “Cost Control”

Transfer Pricing

When one division sells a good or service to another division within the same company, a transfer price must be established. This is critical because it affects the profitability of both units and, therefore, managerial bonuses.

(6/6) Strategy: A Manager’s Guide to Strategic Management

Strategic Management is the art and science of formulating, implementing, and evaluating cross-functional decisions that enable an organization to achieve its objectives. For managers, strategy is not an annual planning exercise; it is a continuous, dynamic process of defining competitive positioning and making trade-offs to secure long-term advantage.

Controlling Business Costs

ontrolling business costs is a critical aspect of financial management and can significantly impact profitability and sustainability. It involves a systematic approach to monitoring, analyzing, and reducing expenses.

Shareholder Value Analysis (SVA)

Shareholder Value Analysis (SVA), often associated with the work of Alfred Rappaport, is a sophisticated approach to financial management and strategic decision-making. It is founded on the principle that the primary objective of a company should be to maximize the economic value created for its equity shareholders.

51 Influential Figures In Business Management

This document provides a brief overview of fifty influential figures in business and management. Each section highlights their key contributions and leadership philosophies that have shaped industries and continue to be studied today.

Freight Management

Freight management is the comprehensive process of overseeing and optimizing the physical transportation of goods from their point of origin to their final destination.

Manufacturing Resource Planning (MRP II)

Building upon the foundation of its predecessor, Material Requirements Planning (MRP), MRP II extends beyond just inventory control and material planning to integrate all aspects of the manufacturing process, including production scheduling, capacity planning, and financial management.

Financial Restructuring

Financial restructuring refers to the process of reorganizing a company's financial structure in order to improve its financial health, enhance liquidity, reduce debt burden, or prepare for growth.