Proprietorships
This clip explores the advantages and disadvantages of setting up a business as a sole proprietorship. While this approach does afford the maximum flexibility, it also generally exposes the owner to more risk than other forms of legal organization.
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...
Pushing Decision Making Down Through An Organization
There are several reasons for pushing decision making down through an organization. Often those at lower levels have more knowledge about the customer or product. Putting more decisions into the hands of lower level employees can also boost morale a...
Rational Decision Making
Decisions shape the destiny of organizations. Sound decision making--the ability to make a rational choice among alternatives--is one of the most critical managerial skills.
Obtaining a Bank Loan
This clip looks at the challenges involved in securing a bank loan. It also touches on the role of the Small Business Administration in giving banks an incentive to make longer term loans, with less collateral and less of an equity requirement.
Non-Verbal Communication
Communication is sometimes thought of as being either oral or written. But non-verbal communication, commonly known as body language, may at times be more significant than either of these. As a result, sensitivity to non-verbal communication is one ...
Occupational Safety and Health Administration, The
This clip examines the Occupational Safety and Health Administration (OSHA). The clip notes that this is the government agency that regulates safety in the workplace, including the design and layout of the physical plant, as well as specific types o...
Need for Financial Controls, The
An organization cannot survive without proper management of its financial resources, and these resources must be continually monitored and controlled.
Non-Quantitative Decision Making
In conditions of uncertainty, where there are no clear probabilities, managers may make decisions by drawing on experience, judgment or intuition, factors which are sometimes referred to as non-quantitative.
Need for Strategic Planning, The
Because the level of economic competition has significantly increased in recent years, the need for effective strategic planning has likewise intensified. The essence of strategic planning for any organization is determining where it wants to be at ...