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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Benefits of Financial Consulting Financial consulting has become a critical aspect of many businesses, as it helps to ensure that the finances of the company are managed in the most effective and efficient way possible. Financial consulting can help a business to save money, improve its financial performance, and even make more money. Here are […]
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Cloud Marketing – Definition and Advantages Historically, the term cloud marketing first appeared in 2012, with Salesforce being the first to use it, and it was, probably, a logical extension of existing “Sales Cloud” and “Service Cloud” offerings, after which other companies like Adobe have used the term. Chartered Marketing Consultant – ChMC (USA) If […]
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The concept of financial economics: It is a part of economics that analyzes the use and distribution of financial resources in financial markets. Based on the foundations of financial economics, financial decisions must take into account future events. Whether they are related to individual stocks, investment portfolios, or the market as a whole. Economic theory […]
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Role of HR in the development of organizations Harnessing the Power of Human Resources for Organizational Growth & Development Introduction You may have heard that people are a company’s most important asset. And it’s true! But what does that mean for organizational growth and development? It means that, if you’re looking to grow your company, […]
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Cash Management Cash management is often described as monetary logistics management. This analogy works quite well. It is the discipline of the 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, […]
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What is the Balanced Scorecard? The Balanced Scorecard, referred to as the BSC, is a framework to implement and manage strategy, It links a vision to strategic objectives, measures, targets, and initiatives, It balances financial measures with performance measures and objectives related to all other parts of the organization, It is a business-performance management tool. […]
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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 (RM) : The Importance Introduction You’ve heard the saying, “An ounce of prevention is worth a pound of cure.” Well, when it comes to risk management, that’s definitely true. Risk management is all about preventing bad things from happening. It’s a process of identifying and assessing potential risks, and then taking steps to […]
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Treatment of the Risk You must eliminate or contain every danger as soon as possible. So It is important that responses are appropriate to the significance of the risk treatment, cost-effective in meeting the challenge, realistic within the project context, agreed upon by all parties involved, and owned by a responsible person. Certified Financial Risk […]
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