Entrepreneurship is the process of designing, launching, and running a new business, often with the goal of making a profit. Entrepreneurs are individuals who identify opportunities, innovate, and take the initiative to create and operate a business. Entrepreneurship development, on the other hand, refers to the process of enhancing entrepreneurial skills and knowledge to foster… Continue reading Entrepreneur and entrepreneurship development
Author: Sherin Jose
How to convert a saved search formula to a hyperlink
The problem that was reported was on the inability to access the following sales orders and document number, as the document was not a hyperlink , but just in the format of the link and therefore the following changes were made to solve the problem. , Formula(text) was then converted to the formula(HTML) to form… Continue reading How to convert a saved search formula to a hyperlink
Hofer’s market evolution matrix in strategic management
The Hofer’s Market Evolution Matrix, developed by Charles W. Hofer, is a strategic management framework used to analyze the life cycle stages of products, markets, or business units. It helps organizations understand where their products or services stand in terms of market maturity and assists in making strategic decisions accordingly. The matrix is a 2×2… Continue reading Hofer’s market evolution matrix in strategic management
Environmental analysis in corporate
Environmental analysis in the corporate world is a critical process that involves assessing and understanding the external factors and trends that can impact a company’s operations and strategic decisions. This analysis helps organizations adapt to changing conditions and make informed choices. There are several key aspects to consider in environmental analysis: PESTEL Analysis: Political: Assess… Continue reading Environmental analysis in corporate
Corporate level Strategies
Corporate-level strategies in advanced strategic management encompass the overarching plans and actions that an organization’s top management takes to achieve its long-term goals and objectives. These strategies focus on how the company positions itself in the industry, manages its portfolio of businesses, and interacts with the external business environment. The choice of a corporate-level strategy… Continue reading Corporate level Strategies
Tax planning and managerial decisions in income tax
Tax planning and managerial decisions in income tax play a crucial role in optimizing a company’s financial position and ensuring compliance with tax laws. By making informed decisions, businesses can minimize their tax liability while maximizing after-tax profits. Here are key considerations for tax planning and managerial decisions in income tax: Entity Structure: The choice… Continue reading Tax planning and managerial decisions in income tax
Strategic implementation and control
Strategic implementation and control are essential phases of the strategic management process, which involves the formulation, execution, and monitoring of an organization’s strategies. These phases ensure that the strategies developed by the organization are effectively put into action and that progress is tracked to achieve the desired objectives. Here’s an explanation of strategic implementation and… Continue reading Strategic implementation and control
Shareholder value and wealth creation
Shareholder value and wealth creation are fundamental concepts in corporate finance and investment. They revolve around the idea of increasing the value of a company and, in turn, generating wealth for its shareholders. Here’s an explanation of these concepts: Shareholder Value: Shareholder value, also known as shareholder wealth or shareholder value maximization, is the primary… Continue reading Shareholder value and wealth creation
Corporate takeovers
Corporate takeovers, also known as mergers and acquisitions (M&A), involve one company acquiring another company’s ownership or assets, or two companies combining to form a new entity. These transactions are a fundamental part of the business world and have significant implications for both the companies involved and the broader economy. Here’s an explanation of corporate… Continue reading Corporate takeovers
Markov Chains in Management Science: A Path to Informed Decision-Making
Management science, also known as operations research (OR), is a powerful tool for businesses to optimize their decision-making processes and improve efficiency in various aspects of their operations. It utilizes mathematical and analytical techniques to address complex problems and make data-driven decisions. Here are some ways in which management science serves as a valuable tool… Continue reading Markov Chains in Management Science: A Path to Informed Decision-Making