Strategy has Four Components
First, strategy should include a clear set of long term goals. Second components are that it should define the scope of the firm i.e. the…
Strategy has Four Components
What is Strategic Management
It has been defined by Lloyd L. Byars as- Strategic management is concerned with making decisions about an organizations’ future direction and implementing those decisions….
10 Steps in Strategy
Exploring and determining the vision of the company in the form of a vision statement. Developing a mission statement of the company that should include…
What is the relationship among an annuity, a perpetuity, and a growing cash stream?
All three are patterns of future cash flows for which simplifying time value formulas have been derived. An annuity is a sequence of equal cash…
What is the relationship between a future value and a present value?
A future value equals a present value plus the interest that can be earned by having ownership of the money; it is the amount that…
Would an increase in interest rates increase the amount of money you saved?
Some economists argue that people increase their savings when interest rates rise since they can earn more money. Suppose you were putting money away with…
A well-known advertisement by American Express urged travelers returning home to keep their travelers checks rather than cash them in.
A well-known advertisement by American Express urged travelers returning home to keep their travelers checks rather than cash them in. The reason given was to…
Why do airlines often insist that you pay for your ticket on the date you book your flight rather than the date you actually fly?
One reason is time value of money¾the earlier the airlines receive the cash, the more valuable it is to them. A second reason is that…
Project Human Resource Management
At the planning stage, project management considers how to staff the project. There is a lot of planning involved. It encompasses many other knowledge areas:…
Staff acquisition (13th of 21 planning phase process)
It involves getting the people resources needed assigned to and working on the project. The project manager doesn’t not always have direct control over these…