Operational Risks Operational risks are the risks of loss resulting from inadequate or failed internal processes and systems or from external events. It can include legal risks, but it usually does not include strategic and reputational risks. It is the risk of loss resulting from inadequate or failed internal processes, people, and systems, or from […]
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Skills of a Successful Manager The role of a successful manager is one of the most important positions in any organization and company. A successful manager must have a wide range of skills to be effective. The following are some of the essential skills a successful manager should possess. First Skill > Communication: A manager […]
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Key Factors for Success in E-commerce – Top 8 Running an e-commerce business amidst the competition is feasible, even though there are struggles, therefore, you have to implement the following 8 Key Factors for Success in E-commerce: Professional Certifications by the USA Certified Financial Consultant – CFC® Certified Financial Risk Management Consultant – CFRMC® Chartered […]
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Marketing Plan The marketing plan defines the marketing strategy for the business and includes concrete actions to be taken and expected results. Marketing plans serve as roadmaps for companies to implement and measure the results of a marketing effort over a specified period. There are different types of marketing plans, including: Paid Marketing: Advertising and […]
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Online Fraud Online fraud – also called e-commerce fraud – occurs when someone uses stolen or fake information to make an online purchase. Certified Fraud Specialist – CFS (USA) Understand the different types of online fraud There are many types of e-commerce fraud, but here are four of the most common: Account Takeover Fraud (ATO): […]
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Sales budget: The most important technique for forecasting sales Sales budget: The sales budget is the starting point in preparing the planning budget. It is a quantitative statement that shows the value of the products expected to be sold during the budget period, classified on a geographic or time basis, or both. Budgeting Diploma Sales […]
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Financial Management Rules Financial Management is a set of rules that study the best possible ways to obtain a financial profit and provide the ability to finance all the tasks that take place within the facility. The financial department seeks to support the production and marketing of goods or services that are provided through the […]
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Change Management Process Eight Essential Steps for an Effective Change Management Process 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 […]
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Risk Management standards / ISO 31000 Since the early 2000s, several industries and government bodies have expanded regulatory compliance rules that scrutinize companies’ risk management plans, policies, procedures, and Risk Management Standards. In an increasing number of industries, boards of directors are required to review and report on the adequacy of enterprise risk management processes. As a […]
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Risk Management Process In the Risk management approaches, after the companies, specific risks are identified and the risk management process has been implemented, there are several different strategies companies can take in regard to different types of risk: Certified Financial Risk Management Consultant – CFRMC® (USA) Risk avoidance. While the complete elimination of all risks […]
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