Financial ratios are a useful and convenient tool for measuring a company’s performance and its financial position. Most ratios can be computed from information taken from the organization’s financial statements.
Service providers usually aim their business strategies towards large companies. However, they often forget that SMEs offer great potential for generating new sales.
The costs of hiring legal services in the United States are very high. To minimize them, companies and law firms in the country are looking into outsourcing. Benefits include speed, flexibility and expertise in particular fields.
According to the Inter-American Investment Corporation (IIC), businessmen and women should take into account the four “Ps” to position a product in the market: product, price, place and promotion.
In order to achieve a financial strategy that meets the management objectives it is essential to have reliable data. The financial manager of the company is responsible for supervising the compilation and preparation of the reports containing this valuable information.
The Financial Manager of a company must have the proper ability and training to address key financial management decisions. The main aspects of the financial decision-making process relate to investments, financing dividends and asset management.
The objective of financial management is the maximization of shareholders’ wealth. To satisfy this objective a company requires a long term course of action. The Inter-American Investment Corporation (IIC) reveals the importance of implementing an adequate financial management strategy for meeting this objective.
According to several authors, the term “outsourcing” was created by the economist Ronald Coase. It evolved from farming out basic “blue collar” jobs to outsourcing specialized and highly-skilled services called “white collar” jobs.
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