Introduction: In this article, we will discuss the Limited Liability Company and understand the limited liability company. We will also discuss the forming of limited, advantages, disadvantages of a limited liability company. Distinguish the partnership and Limited Liability Company. What is a Limited Liability Company? A Limited Liability Company is the type of business in which […]
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Business Process Reengineering is the process of rethinking and resigning about the fundamental’s business process in the organizations. Management of the entity considers Business Process Reengineering only for significant processes in the entity and to make sure its business could meet the following factors. Simplification Cost reduction Improved quality Enhance customer satisfaction My personal word
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The Concept of Transfer Pricing: Transfer pricing (TP) is the price of goods or services sold or bought between divisions in the same group or entity. For the divisions that operate in the same jurisdiction, transfer pricing is set for performance management and motivation of division from the group or entity level. Sometimes it is set
Ultimate Guide of Transfer Pricing: Concepts, Purpose, and Types. Read More »
Overview: Before looking into the detail of the types of business entities, we would like to introduce the definition of business. Business is the trading activities of one person, a group of persons, commodities, and organizations in which the purpose of those activities is for generating profit directly or indirectly. Business is whatever size or
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Building Blocks is the theory developed by Fitzgerald and Moon which is related to performance management. Building Block is the performance management theory which is applied for the service industry and consider 3 importance blocks. They are Dimension, Standard, and Service. Dimension included in Building Blocks Competitiveness Finance Performance Quality of service Flexibility Resource Utilization Innovation Standard
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In this post, we will talk in detail about the major concept behind the performance pyramid philosophy in performance management. Performance Pyramid comes from the idea that an organization operates at a different level, each of which has a different concern which should nevertheless in achieving business objectives. This concept also believes that the business
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