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 ...
Communicating with Graphs and Charts
The advantages of visual representation of statistical data and how this can work to a business's advantage in reporting and marketing.
Cash Flow and Financial Ratios
An introduction to the ways in which the health of a business is determined. The shortcomings of balance sheets and income statements are used to demonstrate why additional financial calculations are valuable.
Compound Interest
What is the difference between simple and compound interest? Also, illustrated how and when compound interest is used as well as introduce the basics of savings accounts and time deposit accounts.
Communication Tools and Techniques
There is a vast array of diverse communication tools and techniques available. The decision about which to use in a given instance depends on several factors, including the nature of the information to be transmitted, the size of the organization, a...
Conflict Resolution Strategies
An increasing number of organizations are setting up formal systems to enable people to bring their conflicts into the open and to prevent tension from building beneath the surface. An open and direct approach which encourages communication between ...
Communicating Organizational Goals and Values
The ability of management to instill common goals and values depends, to a great extent, on its ability to communicate effectively with employees. Without thorough and effective communication of organizational goals and values, it's difficult for em...
Choosing A Specific Site
This clip explores some of the factors that go into the decision about where to locate a business once the region and city have been chosen. Depending on the type of business, factors to consider include: the physical attributes of the space, access...
Characteristics of the Entrepreneur
This clip explores the personal characteristics of the "typical" entrepreneur, as well as the challenges and opportunities that come with operating a small business.