Other Business Management

The recording of stock options is governed by Statement of Financial Accounting Standards # 123R. Booking the accounting entries is not the hard part; the hard part is valuing the options. ...

Management Information Systems (MIS) employs the integration of information technology in achieving the needs and objectives of the general workforce, managers and their organization. The...

Implementing strategies to improve productivity must be an organization-wide initiative, involving managers from all disciplines -- product development, production, finance, marketing, human...

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...

Statistical Process Control (SPC) is a process improvement and quality control strategy that uses statistics-based techniques to monitor processes and identify areas for improvement. Dr. Walter...

Adaptive management involves making decisions about how to use resources based on data that are often incomplete or uncertain. Adaptive management focuses on learning from previously performed...

Businesses, hospitals and government agencies often provide performance reports to the public. Performance reports compare performance attributes to annual objectives. Performance reports are...

Don’t let the complicated definitions and examples for calculating Standard Deviation stress you. Calculating Standard Deviation is relatively simple once you breakdown the process into easy to...

Management reporting has evolved along with technology. What traditionally occurred as verbal reports to leadership within companies has grown into ever-more sophisticated analysis and...

Operational risk is most often associated with natural disasters, such as hurricanes and terrorist attacks. However, it is increasingly inclusive of the risks associated with a corporation's...

Six Sigma is a form of business evaluation and management strategy designed to improve business profits and efficiency. Many businesses use this method to improve their customer relations and...

Resource management involves effectively allocating an organization's resources. A resource management information system supports this effort by utilizing information technology to manage...

Event management involves applying project management practices to designing, planning and coordinating special occasions such as parties, fund raisers, sporting activities and other affairs....

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,...

The field of strategic management has grown significantly as organizations find new and better ways to gather information about operational and financial performance. Two decades ago, strategic...

Successful accountants are able to analyze business data and make appropriate decisions. From determining how to categorize expenses to assessing fraud control measures, decision-making is a...

Six Sigma is a business management strategy that uses data in order to eliminate issues, also called defects, within a company. Many business consulting companies use Six Sigma as a way to...

Radio Frequency Identification (RFID) is one of the most transformative technologies of our time, one that many of us are only marginally aware of. With surprisingly few components and a...

Businesses engaging in e-commerce with their customers and other businesses must take precautions to ensure the privacy of their data, and the integrity of their communications. This includes...

Before the concept of management information systems was created, computer scientists were just programmers creating applications for science and math calculations. As computer usage evolved in...

Medical records ensure that patients receive the best medical care possible and that they are kept safe during treatment. Traditional paper means of medical record keeping can be burdensome to...

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,...

Setting up a new business takes imagination, research, analytical skill, time and money. Whether you buy an existing business or start a new one from scratch, the steps you take must have a...

The data your business creates is its lifeblood; most businesses, if faced with even the temporary loss of their data, will grind to a halt until it is restored. A data redundancy strategy,...

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...

Getting back in business quickly following a disaster can mean the difference between corporate success or economic collapse. Whether a natural or man-made emergency, the damage can be...

Analysis of variance, or ANOVA, is a statistical method used to compare data from multiple groups to determine whether differences exist. In Six Sigma, ANOVA provides information about differences...

Health care, like most industries, is challenged with finding ways to stay ahead of the competition. Data management and organization is a way to create value through business intelligence. Robust...

Benchmarking is the process of identifying the standard setters; what person or organization is doing something the best way. Benchmarking for best practices is aimed at identifying specific best...

Organizations across the world have realized the importance of effective organization and management, in order to push their profits. With the advancement in technology, new systems are being...

Every business has a worst-case scenario: A flood wipes out the data center. A hacker steals sensitive customer data. A virus assaults the email system. The consequences of a disaster can be dire:...

Computers and their programs have become integrated into all aspects of our lives. They provide us with information in an effective and efficient manner, and relieve us from many of the mundane...

Performance measurement is a way for firms to focus on one set of goals by creating metrics to track process improvements. Performance measures should be specific, measurable, reliable, accurate...

Document control procedures do not have to be complex. In fact, complexity adds to the probability that the document will not be adequately referenced. That said, managing information is one of...

Most firms understand that in order to make improvements, they must be able to measure the problem. Metrics allow companies to measure the effectiveness of their business--from internal controls...

Uncertainty stalks every business decision. The more managers know about their customers, competitors, markets, industry and the economy as a whole, the sounder their decisions are likely to be. ...

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...

Companies use spreadsheets for a variety of purposes. The programs can calculate, sort and analyze data so that management is better able to understand how the business is functioning....

Accounting is the language of business. It is used for all sorts of managerial purposes. Businesses exist to generate revenue and net profit. Therefore, accounting is one of the single most...

Whether you have a big business or a single-person operation, the need for effective research and development is very important. One thing you will need to understand in this aspect is how to read...

In this How-To I will demonstrate the process for creating an objectives chart in OpenOffice.org Calc (Spreadsheet). This is really similar to the process for Microsoft Excel. The "Quality...

Business research functions as a conduit to new ideas and concepts. Learning through research is not limited to a particular department or project or a particular point in the year. It can be...

Operations Research (OR) applies analytical methods to help organizations make better decisions when solving complex problems. Organization managers use OR to make their organizations more...

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...

MIS, or management information systems, are used to manage the data created within the structure of a particular business. These systems store the data and allow the business to manipulate,...

Continuous Quality Improvement (or CQI) is a strategic approach to driving a cost-competitive method for meeting or exceeding customer expectations. Regardless of customer needs, competition, or...

Creating a client database can be done in a variety of ways, and can be as simple as a list of client contact information in a lined notebook. However, with the proliferation of computer use,...

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...

Enterprise Resource Planning (ERP) helps companies by integrating numerous resources--human resources, strategy and planning, finance, production and distribution--into a single software solution....

Waterfall charts are a specialized floating chart that show how values increase and decrease. They start with initial values that mark the increase or decrease in a period with a floating column....