Management Control Systems: Executing Strategy and Management 1

Management Control Systems: Executing Strategy and Management

Table of Contents • The Nature of Management Control SystemsUnderstanding StrategiesResponsibility Centers: Revenue and Expense CentersProfit CentersTransfer PricingInvestment CentersStrategic PlanningBudget PreparationAnalyzing Financial Performance ReportsPerformance MeasurementManagement CompensationControls for Differentiated StrategiesService OrganizationsMultinational Organizations The Nature of Management Control Systems 1. Elements of management control systems: strategic planning, budgeting, resource allocation, performance measurement, evaluation and reward, responsibility center …

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Finance Cheat Sheet: Formulas and Concepts 3

Finance Cheat Sheet: Formulas and Concepts

Table of Contents Role of Financial Manager Financial Analysis Quality of Earnings Financial Planning Working Capital Management Cash Management Capital Budgeting Corporate Financing Role Of Financial Manager Monitor financial health and threats thereof -Financial analysis and forecasting Guide/direct the company’s investment decisions – Capital budgeting and working capital policy/management Direct the company’s financing decisions – …

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Lean Blogging: Best Principles to Accelerate Your Blog

“Lean” has been the thing of business startups ever since Eric Ries introduced the movement in his BookLean Startup. According to Eric Ries, the Lean Startup provides a scientific approach to creating and managing startups and gets their desired product to customers’ hands faster.  Pretty impressive right? In this article, I am showing you how you …

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e-commerce

My Personal Blueprint for Philippine eCommerce

Having attended the 5th Philippine eCommerce Entreprenuer’s Summit hosted by the DigitalFilipino.com, I had few ideas for improvement. E-Commerce is similar to business except for its special marketing channel. Its use of the internet makes it innovative yet so complex. Internet being its critical-to-success factor, it is fitting that the improvement in the Philippine internet …

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online teaching

8 Killer Advantages of Online Teaching

Early years are geared on education and most people, if not all, went through the traditional method – a curriculum taught in different face-to-face mediums. In today’s changing world where people are busier and technology is exponentially increasing, education evolved giving rise to online teaching. Online teaching provides alternatives to the traditional 4-cornered environment. There are …

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