Other Business Management

S.W.O.T. is an acronym: • Strengths • Weaknesses • Opportunities • Threats Basically, it is a management analysis outline based on an imaginary situation. With it, management can plan further...

Continuous Process Improvement (CPI) is a results-oriented goal of most industries and businesses anywhere in the world. Through implementation of an effective CPI program, an organization can...

Forces and trends are two important parts of the economic market system. Forces are economic elements that companies can see but may not be able to control. Trends are business opportunities that...

Even the most rigorous data analysis can lose its impact if presented in an ineffective manner. Good data analysis reporting requires an appropriate format that uses effective visuals and...

SWOT (strengths, weaknesses, opportunities, threats) analysis is a survey of the internal and external environment in which a business or other organization operates. The analysis provides...

Management science (or operations research) utilizes mathematical models, statistics and other computational tools to solve business problems. Choose your technique depending on the sort of...

Companies use market demand analysis to understand how much consumer demand exists for a product or service. This analysis helps management determine if they can successfully enter a market and...

Gap analysis is a useful way to determine the untapped potential of a business's performance. Gap analysis focuses on what the current performance of a business is as opposed to what the market...

Gap analysis is a business management method of investigating the intentions of a business versus the reality of the business. If a business intends to sell a product to a group of people over...

In today's competitive business environment it is essential that companies conduct business in ways other than using traditional business methods. This requires that the management involved in...

Auditors need computer assisted audit tools and techniques (CAATT) to enhance capabilities and productivity. Many such tools and techniques can be implemented at minimal cost and relative ease,...

A SWOT analysis is a tool to determine project strategy. A SWOT analysis of software can be vital in helping to determine how the software will be developed, what its function will be, what...

A market multiples analysis is a financial modeling method of assigning a value to assets or to a business. Market multiples analysis is also referred to as direct comparison analysis or...

Business research is an important management activity that helps companies determine which products will be most profitable for companies to produce. Several steps are necessary when conducting...

Gross profit margin is a financial analysis ratio that is used to measure and analyze a company's performance. Using a company's revenue and cost of goods sold, an analysis of product pricing can...

Analyzing the strengths, weaknesses, opportunities and threats---the SWOT---facing your library is an important part of strategic planning, which is vital to the continued success of libraries of...

Managerial economics, also known as business economics, bridges microeconomic theory and applications with management and decision sciences. By using both these disciplines, managerial economics...

A management accounting system collects financial data from business operations such as sales data, shifts in inventory and changes in raw materials costs, then converts the information to...

Management accounting information is focused at internal managers and decision makers. Its intended use is to provide financial data relevant to a manager's operations in an effort to make sound...

Strategic policy analysis is a vital part of the strategic planning process for organizations large and small. The analysis process enables corporations, public and private agencies and other...

Risk management is not about eliminating risk. It is about identifying what negative events may occur and integrating that knowledge into your decision making. The best time to begin risk...

Microeconomic analysis attempts to explain the behavior of individuals and organizations in a given economy. Before being able to understand macroeconomics, or national and global trends for...

Almost anyone who makes an investment expects a return at some point. For example, one who invests in an education may be doing so to have a good job in the future. In business, an investor who...

TOWS stands for "threats, opportunities, weaknesses, and strengths." It is a method of analyzing situations based on the popular SWOT method of analysis ("strengths, weaknesses, opportunities,...

Operation research theory is an area of mathematics that studies optimization and minimization of processes. It is widely used in industries for many types of improvements (such as efficiency) in...

Using both primary and secondary forms of research methods, the organization is able to establish unstructured and structured data for analysis. Primary forms of data collection include surveys,...

A manager is a planner and a strategist. The modern world presents an uncertain and fast-changing environment where constant planning and strategy must take place in order to stay on top. Various...

Management, by its very nature, is not set up for quantitative analysis as it involves people and people are hard to measure in objective terms. Qualitative research goes just so far in helping...

Gap analysis is an easy and versatile tool that can be used by any business, regardless of size, location or industry. A type of brainstorming framework, gap analysis has the capability to...

Environmental analysis is relatively qualitative and involves the identification of and analysis of environmental variables, which affect the business. Some frameworks of environmental analysis...

PEST analysis is a useful tool for any business. Easy to use and understand, PEST analysis provides a methodology for critically examining the external factors that may affect the business itself,...

Steps in corporate planning and its successor---strategic management---pose a series of questions. Some look at how well a firm's current internal structure aligns with external realities, such as...

Economics studies the allocation of scarce resources, including money, labor, and materials, among competing needs and wants. Spatial economic analysis examines how these resources are distributed...

Corporate strategy defines which areas of the industry a company competes in. Business strategy defines how it competes to gain and maintain a competitive edge. Effective strategic planning...

A SWOT (strengths, weaknesses, opportunities, threats) analysis allows a company to evaluate their operations from an internal and external point of view. The company examines their strengths and...

Six Sigma is a quality improvement program that was originated by Motorola. The goal of Six Sigma is to reduce the number of defects, or errors, to zero. Use of the DMAIC process in Six Sigma...

Supply analysis is used to gain and develop the necessary intelligence and knowledge to make the best procurement decisions in the workplace. Successful supply analysis establishes a competitive...

Corporate planning is an important and vital business process. Under this, the organization's top management sits down to formulate policies and strategies and communicate them downward for...

Gap analysis (also known as "need-gap analysis," "needs analysis" or "needs assessment") is an examination of where your business currently is and where you want your business to be, resulting in...

Gap analysis is a business tool and assessment method that companies use to evaluate the gap between current, actual performance and future, desired performance. Successful gap analysis should not...

The most rudimentary decision-making process is weighing the pros and cons of a decision. There are a variety of ways to make a decision using this method, but they all follow this same basic...

Tracking inventory is the lifeblood of any business. However, knowing the right amount of inventory to have on hand becomes more challenging as customers expect faster delivery times. Knowing how...

A SWOT analysis is a strategic planning technique that involves scanning the internal and external business environment to determine whether a specific goal is attainable and what needs to be...

Process-based Quality Management Systems are advocated by the 2000 version of the ISO 9000 quality standard series and are based on the process approach. According to the process approach, a...

Website reports advise companies on how to use the Internet more effectively. They analyze how prominently search engines feature the site; how visitors arrive at the site; and how well the site...

Preparing a market analysis report provides insights into the needs of prospective customers, and identifies the strengths and weaknesses of your competitors. Successful businesses have the...

Accounting, financial analysis and budgeting are all finance-related responsibilities. The process begins with accounting. Once all the record keeping is complete, a set of financial statements is...

In an analysis report, sometimes called a recommendation report, the writer attempts to solve a problem by evaluating options and suggesting solutions. Though objective data is presented, the bulk...

A SWOT analysis evaluates strengths, weaknesses, opportunities and threats. It's usually used during the beginning stages of a business in strategic and market planning. It can also be used when...

When it comes to starting a business, risk is unavoidable. Even with the most thorough market research, there is no guarantee that your product or service will be a success. Fortunately, there are...