Business Strategy

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

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

Financial engineering covers a broad, multidisciplinary field of study that involves the practice and application of engineering and mathematical approaches to 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

Do you have a desire to acquire a business you didn’t start?  There are several means to achieve this goal but one major way is through a management buyout (MBO). MBO is a kind of leveraged buyout (LBO) yet distinct, in the sense that, in leverage buyout, you are required to stake the whole of

Kaizen Costing In the contemporary business world, continuous improvement is very crucial. Continuous improvement empowers every department, individual, and organization for the better. Kaizen is a Japanese term that means ‘change for the better or ‘continuous improvement.’ It is a business philosophy dating back to World War II. Makai Imai was a Japanese researcher and

Definition: Feedback control is a process used by managers to assess the performance of the team. It helps to determine the performance of an individual member of the team. The implementation of the feedback control puts the manager in a position to lead the team effectively. In other words, feedback control is a system of

Decision tree A decision tree is a diagrammatic approach to making a decision on the basis of the statistical concept of probability. The diagram is called a decision tree as the branches of the diagram are spread in the form of a tree. Different branches of the tree present different outcomes or decisions on account

Public Limited Liabilities Company: Public Limited company is also known as PLC, and the acronym PLC is used at the end of the company’s name. The PLC signifies that businesses can sell their share to the public. The acronym PLC is used in the UK and some commonwealth countries for public listed entities, but in