Category: Management

Cash Management

Cash Management

Cash Management Cash management is often described as monetary logistics management. This analogy works quite well. It is the discipline of Treasury that is devoted to the management of planned expenditures, so it is highly focused on operational efficiency and process optimization. It is about optimizing the flow of money coming in from customers, some […]

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Inventory Management

Inventory Management

Inventory Management In inventory management, the inventories are assets of the firm, and as such, they represent an investment. Because such investment requires a commitment of funds, managers must ensure that the firm maintains inventories at the correct level. If they become too large, the firm loses the opportunity to employ those funds more effectively. […]

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Project Management

Project Management

The Process of Project Management Project management is the application of knowledge, skills, tools, and techniques applied ‎to project activities in order to meet the project requirements. Project management is a ‎process that includes planning, putting the project plan into action, and measuring ‎progress and performance‎. Applying good project management discipline is a way to […]

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Key Performance Indicators

Key Performance Indicators – 27 Examples

Key Performance Indicators – 27 Examples As your organization begins to sketch what your next plan might look like, it’s likely to come to your attention you’ll need to gain consensus around what your Key Performance Indicators will be and how they will impact your business. Even if you haven’t even thought about your KPIs […]

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Innovation Management

Innovation Management

Meaning and Importance In less than a decade, innovation management got recognized as one of the most powerful strategies an organization can use to streamline internal processes and boost their business productivity. Forrester also claims that 53% of global services decision-makers are investing in emerging innovation and idea management technologies to drive innovation. What is […]

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Strategic Management

Strategic Management

Strategic Management (Definition, Purpose, and Example) What is strategic management? Strategic management is the strategic use of a business’s resources to reach company goals and objectives. Strategic management requires reflection on the processes and procedures within the organization as well as external factors that may impact how the company functions. The process of strategic management […]

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Change Management Process

Change Management Process

Change Management Process, Eight Essential Steps for an Effective Your organization is constantly experiencing change. Whether caused by new technology implementations, process updates, compliance initiatives, reorganization, or customer service improvements, change is constant and necessary for growth and profitability. A consistent change management process will aid in minimizing the impact it has on your organization […]

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Future Management Skills

Future Management Skills

Future Management Skills, What Will Be Needed In The Future No matter which way you look at it the world of business is evolving fast, technology is developing at a rapid pace and it is likely that businesses will be fully digitized within the next 5 – 8 years. This means that the current management […]

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Risk management process

Risk Management Process & Strategies

Risk Management Process & Strategies All risk management process plans follow the same steps that combine to make up the overall risk management process: Establish context. Understand the circumstances in which the rest of the process will take place. We must also set standards that we will use to assess risks and define the structure […]

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Risk management

The Importance of Risk Management

What is Risk Management and Why is it Important? Risk management is the process of identifying, assessing, and controlling threats to an organization’s capital and earnings. So These threats, or risks, could stem from a wide variety of sources, including financial uncertainty, legal liabilities, strategic management errors, accidents, and natural disasters. So IT security threats […]

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