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How would you evaluate your present firm?
I would evaluate my present firm based on its performance in meeting key objectives, its culture and values, opportunities for growth and development, and level of employee satisfaction. I would also consider factors such as market position, financial stability, and strategic direction in assessing the overall health and success of the firm.
Is conflict evil in the business environment?
Yes conflict is evil in a business environment.my point remains,once there is disagreement in a business firm,the business will fall.two people who have a misundestanding cannot work in a business oraginisation due to enviness and this can lead to reduction of customers.
Why should a firm outsource anything?
From an economic standpoint, a firm should outsource any non-core activity if it can be done by someone else for a substantially lower price. This is more effective use of the firm's resources which makes it more competitive, and therefore represents the best interests of employees, shareholders, creditors etc. Outsourcing work usually increases the cost of managing the work, and also the risk of failure. If the outsourcing involves a 3rd party directly interacting with the firm's customers, this is also a further risk. Before deciding if outsourcing is a good idea, these additiona risks needs to be considered, not just dollar pricing.
Advantage and disadvantage of sole proprietorship?
Advantage: Easy to set up and manage, full control over decision-making, simplified tax reporting as business income is reported on personal tax return. Disadvantage: Unlimited personal liability, limited access to capital, potential difficulty in attracting investors or partners.
What are the steps involved in a comprehensive Knowledge Management exercise?
In a typical organization-wide Knowledge Management initiative, the principal knowledge manager, be it an external consultant or an employee, undertakes the following activities working together with all members of the organization: * brief the top management and the members of the organization about the concept and practice of Knowledge Management and how it would add value to the organization; * develop a Knowledge Management strategy closely aligned with the business strategy of the organization; * conduct an extensive audit to identify the short-term and long-term business objectives of the organization, what the organization knows and wants to know, and the cultural and technological infrastructure and organizational structure of the organization through a variety of auditing tools including surveys, interviews, brainstorming sessions, facilitated workshops, focus groups and scenario planning; * analyse the data and information from the audit to define or redefine the Knowledge Management needs of the organization; * prepare a blueprint for implementing a comprehensive Knowledge Management process in the firm; * identify, set up and coach an internal team to carry out or assist in the implementation and monitoring; * implement the measures based on the analysis of the knowledge audit to promote generation, maintenance, sharing, usage and leverage of knowledge within and outside of the firm; and/or * closely monitor and constantly review the effectiveness of the Knowledge Management measures in the organization, and rectify or modify such measures as appropriate.
Why are aims and objectives important to a business?
Aims and objectives are important to a business because it gives them a 'sense of direction'- in other words, it shows a business what its goals are and what the business wants to do. There are different types of objectives businesses have and range from corporate objectives that focus on what the business wants to achieve as a whole. Financial objectives that show a business what financial position a firm aims to be in. Other objectives include marketing objectives and HR objectives.
What are the objectives of a modern business firm?
Profit maximization sales maximisation growth maximisation utility maximisation satisfying behavior long run survival welfare objectives
What is the meaning of the term business by design?
The meaning of the term business by design is Conceptual blueprint of a firm, it shows interrelationships between the firm's major processes and main resources required in achieving its objectives and in providing value to its customers.
Advantages of getting a business administration degree?
Most business administration degrees prepare students with a firm grounding in the principles of finance, marketing, economics, accounting, statistics, problem solving, human resources and decision-making.
What are the aims and objectives of partnership firm?
The aims and objectives of a partnership firm is to provide a service and be successful. All businesses have the same objective and that is to survive.
What are the financial objectives of a firm?
To make a profit.
What are the financial objectives of the firm?
To make a profit.
How can a firm's security policies contribute and relate to the six main business objectives?
The security policies support a businessÃ?s objectives. It does this mainly by exposing threats like data breaches, out of date software, and hacker threats.
Critically X-Ray what constitutes the financial objective and economic objectives of a firm?
what constitutes a financial objective of a firm is the goals, long range planning and business. while that of the economic objective has to do with enviromental scanning and swot analsis
What is a role of accounting information in planning and control?
Accounting information primarily reveals two things, one the financial performance and two, the financial position. Every economic entity has certain objectives and the main objective of commercial entities is to make profit and increase the wealth. for attaining these objectives, a firm need to plan and control the activities in such a way to attain the objectives. Accounting Information reveals the performance and position periodically, enabling the management to plan and control the activities. Objectives of a business are long-term, which may take a time span of 3 to 5 years to achieve. Accounting information on the activities of business reveal the speed and direction in which the firm is moving. By altering the course of action a firm can regulate the performance of a business. By considering the achievement during a period, a firm can plan its actions for the forthcoming accounting periods.
Does every business firm have business strategies?
Not every business firm but lots of them have at least one business strategies.
What is the Salary of a CEO of an accounting firm?
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