Whenever you place an order online, visit your bank for any matter, or have to communicate with an office, the resolution period of 2-3 working days is mentioned. In most official matters, whether regarding education or business, business days or working days are commonly used terms. Although there is a general understanding of the working …
Companies conduct business operations to generate revenues and profits. However, they need finance to do so. Usually, this finance comes from equity holders and creditors. These parties provide funds that companies can use to perform various business activities. In exchange, companies repay those parties in several ways. These parties fall under the definition of a …
When Do Annual Reports Come Out? And What is the Distribution Requirement? Read More »
A company is an organization that produces products or services, and it may include public or private entities. Some companies are called conglomerates (one unit is for making money, another for charity). Most companies will perform activities like production, distribution, and marketing. Companies can produce a wide range of products – food, sports goods, clothes, …
What Does Company Infrastructure Mean? What Does It Include? Read More »
A firm is a profit-making business organization. Usually, these include specific business structures, including companies and partnerships. These structures provide professional services and do not offer a physical product. There are several types of firms that may exist. Its business activities get performed under the firm’s name. Usually, firms have different ownership and management structures. …
What is a Partner in a Law Firm? (Qualification, Responsibilities, and More) Read More »
Overview The performance prism is a multi-dimensional performance measurement framework. It can be applied to not-for-profit and for-profit organizations alike. The performance prism model considers all stakeholders, their needs, and their expectations, unlike other performance measurement models that primarily focus on the needs of the shareholders only. Let us discuss the performance prism model and …
Overview Most performance measurement tools either consider financial or non-financial metrics. The balanced scorecard takes into account both aspects of performance measurement. The balanced scorecard also considers both internal and external perspectives of an organization. It lets management measure the performance of the organization through four key elements. The management can then set key performance …
What Is the Balanced Scorecard? And How is it Using Read More »
The right marketing tools and strategies ensure the success of your business and generate an enormous amount of leads. Besides referrals, there are many other marketing tactics for financial advisors. In the technology-driven world, it has become essential to utilize digital marketing strategies. Your main focus should be to convert the users searching for financial …
4 Marketing Strategies for Financial Services that Can Help Get New Clients Read More »
Liquidation is seen as a formal way of bringing a limited company to its closure. It is the process of selling a company’s assets to offset the debts owed to creditors and shareholders before it is finally dissolved. Once a company undergoes this process, it ceases to exist as a legal entity. And if there …
What Are the Types of Liquidation? (3 Types You Should Know) Read More »
Business Process Reengineering (BPR), a business management strategy brought to light in 1990 by Hammer Micheal in one of his articles, particularly a Harvard Business Review titled: “Reengineering Work: Don’t Automate, Obliterate”. In time past, businesses have been looking for a way to boost efficiency and reduce cost but it seemed not to have been …
Business Process Reengineering: Definition, Usages, And How Does Its Work Read More »
Financial engineering covers a broad, multidisciplinary field of study that involves the practice and application of engineering and mathematical approaches in solving financial problems. It combines and uses information acquired from different fields like computer science, statistics, economics, applied mathematics, and financial theory. This financial engineering field involves the conversation of financial theories to practical …
Financial Engineering – Definition, Usages, And How does it work Read More »
