Effective Financial Management
If a company is to remain healthy and grow to realize its full potential, financial controls must be applied in an intelligent and timely manner. Management must examine the information provided by the various forms of financial control and adjust t...
Eliminating or Minimizing Risk
This clip talks about ways to eliminate or minimize potential risks, such as buying an existing business or buying into a franchise. Sometimes, the clip explains, the best way to reduce risk is simply by using common sense.
Elements of Leadership
Of all the factors that can bring an organization to life and turn an assemblage of individuals into a dynamic team, leadership has to be near the top of the list. But what exactly is leadership? Is it just some vague quality that emanates from with...
Divisional Structure
One type of organizational structure, known as divisional structure, tends to encourage decentralization of authority. It can be organized around products, geography or types of customers.
Developing Goals, Objectives and Strategies
An organization's mission is the foundation upon which planning relies. After analyzing the future environment that is anticipated, both within and outside the organization, specific goals, objectives and strategies can be developed.
Diversity
One of the major challenges facing managers today is the increasing diversity of the workforce. For those who are willing and able to meet this challenge, the result is often a more flexible and innovative organization, one that is better able to co...
Quality Control Revolution, The
In recent decades, the concept of control, especially quality control, has been undergoing a revolution of sorts. To some extent this has been driven by innovative organizational and management techniques first utilized within Japanese industry. In ...
Productivity and Quality
At one time in industrial America, quality and productivity were considered almost mutually exclusive. Today that is not the case, thanks in part to very different attitudes about the role of workers. American managers today are much less likely to ...
Purchasing and Inventory Control Case Study: "The Harlan Corporation"
This clip profiles the Harlan Corporation, which manufactures tractors and equipment for moving heavy loads. Because it's not financially possible to maintain an inventory of tractors, the company tries to keep up with customer demand by maintaining...
Ratios
Ratios express the relationship between two numbers and can be used in two ways: to compare the past and present performance of the company itself, and to compare the company's performance with that of its competitors. Ratio analysis is an especiall...