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.
Posts tagged as “Overhead”
Strategic partnering, often referred to as a strategic alliance or joint venture, is a collaboration between two or more independent businesses that pool resources, technology, expertise, or finances to achieve mutual, shared, and strategic business objectives.
Moving Toward The Virtual Organization refers to a significant trend in business and organizational structure where companies increasingly rely on technology to operate across dispersed geographical locations, often with a remote or globally distributed workforce.
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.
In the dynamic and often brutal landscape of modern business, simply having a good product or service is rarely enough. To achieve sustained success and growth, a business must forge a robust, well-defined, and defensible Competitive Strategy.
Here are some of the most common and critical startup mistakes from the past, and the essential lessons for current and future founders.
Technology is no longer just a support function—it has become the backbone of how businesses operate, compete, and grow. From artificial intelligence to cloud computing and automation, organizations are reimagining the way they conduct their day-to-day operations.
A Decentralized Autonomous Organization (DAO) is an organization structured and managed by rules encoded in computer programs, known as smart contracts, operating on a blockchain.
They provide an objective way to measure performance against business objectives, identify inefficiencies, and develop data-driven strategies for improvement.
HR digitalization, also known as digital HR or HR digital transformation, is the process of integrating digital technologies, data analytics, and automation into traditional human resources functions.