The primary goal of financial management is to increase the market value of the owners equity . for non profit organization this goal would need modified . one suggestion would be to maximize the value of the service rendered to society given the resources available to the organization
ISO stands for International Standards Organization. It's functions include standards management at international level for quality assurance. These are applied for a broad range of industries, businesses and organizations. ISO issues the certification to companies fulfilling the international standards compliance.
The four functions of management are used throughout the day. Managers are responsible for leading, directing, planning and organizing every day.
Statistics is applied in business in a number of ways. Some of these applications include: financial analysis, auditing, planning and econometrics.
Practical applications for information systems in business include tracking employees attendance and tracking available jobs in the organization. Many systems in an organization work together to make one large system.
"Window dressing" is a term applied in describing actions by organizations to cause their reports of financial performance and financial position to portray the organizations' financial performance and financial position as better than they actually are. The practices used to include "window dressing" in an organization's financial statements range from the flagrantly illegal to questionable legality but certainly unethical. An organization can improve its measures of short-term liquidity by manipulating the current ratio. By way of illustration, a company can obtain a long-term loan near the end of a financial reporting period. The cash received from the loan will inflate current assets, but on the liability side, the loan will be recorded as a long-term debt. The overall financial position of the company has not changed (with the exception of incurring an interest obligation); however, the company's short-term liquidity position (as measured by the current ratio) will be improved for the upcoming financial statement reports. After the financial reports are issued, the company can repay the loan at minimal interest expense. This sort of window dressing will mislead some investors, lenders, and creditors. Another approach to window dressing is to manipulate expenses, sales, or both to improve a company's income statement. In this approach to window dressing, a first may report expenses as deferred to a future reporting period when the pa
Multination management is a term applied to an individual who manages an organization that spans to many nations. The term can also mean that an organization is multicultural.
Organizational behavior is applied by streamlining workers, management, and other company behaviors after careful study.
what are the concepts of management theory jungle and how nigerian managers can benefit from this theory.
Pepperdine University majors in Management and Leadership, Organization Development, Applied Finance, and Global Business.
Joseph Baldwin has written: 'The art of school management' -- subject(s): Teaching, School management and organization, Handbooks, manuals, School organization and management 'Psychology applied to the art of teaching' 'The Art of School Management: A Text-book for Normal Schools and Normal Institutes, and a ..'
Knowledge management concept is a multi-disciplined approach to achieve the objectives of an organization. The best use of knowledge is applied. It helps the organization to get a competitive advantage, helps in innovating and helps in overall improvement of the organization in this changing environment.
As its name implies, operations research involves search on operations. Thus, operations research is applied to problems that concern how to conduct and coordinate the operations (i.e., the activities) within an organization. The nature of the organization is essentially immaterial, and, in fact, OR has been applied extensively in such diverse areas as manufacturing, transportation, construction, telecommunications, financial planning, health care, the military, and public services, to name just a few.
When an organization has a big number of employees, definitely communication difficulties will arise, for the management loses direct contact with the operative staff. And also there's a hard time for the owner to supervise his workers. As a remedy to it, work specialization within the organization is applied. --r.e.v.--
Applied Management Sciences Institute
study and practice of management tools at work
Organization is very important when it comes to science. Organization being applied to science is done to keep tests, subjects, and trials, in orders. This allows for things to be kept in track.
Transacton Processing Systems are a kind of information system. They collect, store, modify, and retrieve the transactions of an organization. A Management Information System are used to analyze other information systems applied in operational activities in an organization.