Category: Management

Corporate Level Strategy: Objective, Importance, Limitations, Types

12/02/202312/02/2023 Study Notes Expert No Comments

The corporate or master strategy also refers to the Corporate Level Strategy. It describes the approach the business will follow to reach its long-term objectives. It is generally divided into four categories: stability, expansion, and retrenchment, as well as combination. Companies with multiple products at different stages of development may use any of these strategies….

Strategic management

Most Useful Methods of Human Resource Accounting

06/02/202306/02/2023 Study Notes Expert No Comments

Here we will discuss the complete methods of human resource accounting in detail. If you want to measure accounting then you need to implement the right methods at the right place. Methods of Human Resource Accounting There are many methods that are used to support accounting for human resources. Also, methods of human resource accounting…

HRM

Internal Analysis Framework

17/01/202326/07/2023 Renu Saroha No Comments

Strategic advantage combines a company’s resources, behavior strengths, weaknesses, synergistic effects, and competencies. Internal Analysis Framework 1. Organizational Resources Resources include many social, individual, and organizational resources. It is not enough to have a single resource that gives the firm a competitive edge. A combination of multiple resources can help you achieve this competitive advantage….

Strategic management

Major 2 Profiles of Structuring Organizational Appraisal

14/01/202314/01/2023 Study Notes Expert No Comments

Here, you know the profiles of structuring organizational appraisal. Different organizations have different strategies that can help improve their performance. They discovered the importance of strengths and weaknesses of the organization as well as the ability to achieve goals. These factors give the firm a competitive advantage over its competition. In this article, you will…

Strategic management

13 Guidelines for Crafting Successful Business Strategies

08/01/202306/01/2023 Study Notes Expert No Comments

Business in the free market is built upon competition, on the basis of positive ways of creating products and services that are different from the rest. It could be less expensive and more efficient, less expensive and user-friendly or more sought-after. This crucial process of differentiation considers while formulating a strategy for business. Now, you…

Strategic management

Exclusive Objectives | Steps | 3 Types of Responsibility Accounting

06/01/202323/07/2023 Renu Saroha No Comments

Responsibility Accounting is very crucial for every business’s success. Decentralization of authority is at the heart of the modern approach to management. For businesses, there is a general perception that managers in profit centers have an upper level of decentralized decision-making authority as opposed to the authority held by cost-center managers. But this might only…

Marketing Management

7 Objectives | Process of Human Resource Accounting

30/12/202230/12/2022 Study Notes Expert No Comments

Human resource accounting is described as a type of accounting that views human resources as assets and all financial expenditures on human resources like salaries, wages, and training. Human resources are valued in the books of accounts and included in the book of accounts. They are also recorded in books of accounts like other possessions….

HRM, Marketing Management

7 Major Problems | Importance of Human Resource Accounting

28/12/202223/07/2023 Renu Saroha No Comments

In this article, we will discuss the major importance of human resource accounting, which plays an essential role in smooth functioning. Also, you will be aware of some problems of human resource accounting faces. Needs/Importance of Human Resource Accounting These are the importance of human resource accounting that we will mention in the below section:…

Marketing Management

Terms Used | Users | Objectives of Segment Reporting

26/12/202226/12/2022 Study Notes Expert No Comments

Segment Reporting or analysis is very crucial, since business organizations have grown more complicated over time and the conglomerate business model is becoming more commonplace and streamlined. It is now necessary to admit that financial statements that show the complete range of operations within an organization have seen a significant decline in their value. Meaning…

Marketing Management

4 Key Importance of Organizational Capability | Prerequisites

24/12/202224/07/2023 Renu Saroha No Comments

Before planning the capability profile of a firm, a strategist needs to know these prerequisites of organizational capability. Also, in the further section, you will learn the importance of organizational capability. Prerequisites of Organizational Capability 1. Customer Focus A capability profile should contain data about the customers and their potential needs to help evaluate the…

Strategic management