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GE Nine Cell Matrix

Posted by on Mar 4th, 2015 in Decision Making, Marketing | 0 comments

GE Nine Cell Matrix

Another popular “Corporate Portfolio Analysis” technique is the result of pioneering effort of General Electric Company along with McKinsey Consultants which is known as the GE NINE CELL MATRIX. GE nine-box matrix is a strategy tool that offers a systematic approach for the multi business enterprises to prioritize their investments among the various business units. It is a framework that evaluates business portfolio and  provides further strategic implications. Each business is appraised in terms of two major dimensions – Market...

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Advantages of Strategic Management

Posted by on Mar 2nd, 2015 in Strategy | 0 comments

Advantages of Strategic Management

Advantages of Strategic Management A couple of definitions on STRATEGIC MANAGEMENT Strategic management involves formulation and implementation of the major goals and plans taken by a company’s top management on behalf of owners, based on consideration of resources and an assessment of the internal and external environments in which the organization competes. The methodical analysis of the factors associated with customers and competitors (the external environment) and the organization itself (the internal environment) to provide the...

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What are Final Accounts?

Posted by on Feb 24th, 2015 in Financial Accounting | 0 comments

What are Final Accounts?

What are known as Final Accounts? Trading, profit & loss account and balance sheet, all these three together, are called as final accounts. Final result of trading is known through Profit and Loss Account. Financial position is reflected by Balance Sheet. These are, usually, prepared at the close of the year hence known as final accounts. They serve the ultimate purpose of keeping accounts. Their purpose is to investigate the consequence of various incomes and expenses during the year and the resulting profit or loss. 1. Trading and...

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Inventory Control – An Introduction

Posted by on Feb 18th, 2015 in Business Management, Operations Management | 0 comments

Inventory Control – An Introduction

Inventory Control Learning Objective: To know the meaning, types and functions of inventories Meaning of Inventory: The word inventory refers to any kind of resource having economic value and is maintained to fulfil the present and future needs of an organization. Fred Hansman has defined Inventory as “An idle resource of any kind provided such a resource has economic value”. Such resources may be classified into three categories: A. Physical resources such as raw materials, semi-finished goods, finished goods, spare parts, lubricants etc. B....

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Top 50 Killer Quotes from Peter Drucker

Posted by on Feb 7th, 2015 in Motivation, Quotes and Quotes Only | 0 comments

Top 50 Killer Quotes from Peter Drucker

Top 50 Quotes from Peter Drucker Peter Drucker is known as the father of modern management. A prolific writer, business consultant and lecturer, he introduced (rather re-invented) many management concepts that have been embraced by corporates all over the world. TOP 50 MARKETING AND SALES QUOTES This modern “Managementguru” has delivered timeless and time-tested ideas on management, leadership, change, education, motivation, marketing and what-not. A lot of companies are successfully functioning based on Peter Drucker’s management...

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A Small Intro to Supply Chain Management

Posted by on Feb 3rd, 2015 in Marketing, Operations Management | 0 comments

A Small Intro to Supply Chain Management

What is Supply Chain Management? Investopedia: Supply chain management is the streamlining of a business’ supply-side activities to maximize customer value and to gain a competitive advantage in the marketplace. Supply chain management (SCM) represents an effort by suppliers to develop and implement supply chains that are as efficient and economical as possible. THE INTEGRATED MARKETING FRAMEWORK Wikipedia: Supply chain management (SCM) is “the systemic, strategic coordination of the traditional business functions and the tactics...

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Top 25 Startup Quotes for Starters

Posted by on Jan 27th, 2015 in Entrepreneurship, Motivation, Quotes and Quotes Only, Startups | 0 comments

Top 25 Startup Quotes for Starters

Startup Quotes for Starters is an interesting compilation of the innumerable quotes strewn over the internet especially for the starters. It is always better to follow the foot steps of successful people because they would be the “Enlightened Masters” of the challenges and hurdles on the road to success. Startups has become a “Buzz Word” in the business environment and the very word “#startup” can get your tweets more favorited. The very purpose of a startup is to bring an innovative idea into reality- be...

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What Does a Career in Accounting Demands for?

Posted by on Jan 21st, 2015 in Accounting, Financial Accounting, Financial Management, Management Accounting, Project Management, Training & Development | 0 comments

What Does a Career in Accounting Demands for?

Career in Accounting Everybody envy accountants for there is a misconception that they are Demi-Gods. Though a good accounts manager can act like one who can save you from a dire situation by manipulating the accounts skilfully, the demands and challenges in this field are too high to be savored. Purchase Your Copy of “Careers with a Degree in Accountancy and Finance” at Gumroad  So what does it take to become a reputed accounts man in your circle and also enjoy what you do! Self analysis is the best way to understand what you...

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Video on Talent Acquisition and Compensation

Posted by on Jan 13th, 2015 in Human Resource, Training & Development, Video Lecturers | 0 comments

Video on Talent Acquisition and Compensation

Talent Acquisition and Compensation Benefits Human Resource Management Lecture – Talent Acquisition What does the traditional approach in recruiting look like? How is a company able to position and present itself as an attractive place to work through building an employer brand? Which active search strategies help companies to find and approach passive candidates? How can companies retain promising and talented candidates? You Don’t Create Your Employment Brand, Your Candidates And Employees Do” – @ChiHeadhunter Talent hits a target no...

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Is your 2015 resolution to start your own business?

Posted by on Jan 12th, 2015 in Entrepreneurship, Startups | 0 comments

Is your 2015 resolution to start your own business?

Resolution to Start Your Own Business Questions to ask before starting a business in 2015 While you can’t prepare yourself for every aspect of the entrepreneurial lifestyle, here are six important questions to ask before you quit your day job and dive in: What’s your motivation? How developed is your business savvy? How thick is your skin? Do things need to be perfect? Are you willing to get your hands dirty? What’s your financial situation? The problem is that wanting to be the boss or make lots of money generally...

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