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Types of Risk Systematic and Unsystematic Risk in Finance

2012-01-25T08:36:00.000+05:30

Types of Risk First let's revise the simple meaning of two words, viz., Types and Risk.In general and in context of this finance-related article,Types mean different classes or various forms / kinds of something or someone. Risk implies the extend to which any chosen action or an inaction that may lead to a loss or some unwanted outcome. The notion implies that a choice may have an influence on

Methods Techniques of Production Forecasting

2012-01-18T02:23:00.001+05:30

Methods Techniques of Production Forecasting Methods or techniques of production forecasting are depicted below.Image Credits © Moon Rodriguez.The models or techniques of production forecasting are listed as follows:Brainstorming technique. Goal oriented forecast technique. Graphic charting technique. Matrix technique. Nominal group technique (NGT). Delphi technique. Simple average technique.

What are Features of Credit Card?

2012-01-17T06:18:00.001+05:30

What are Features of Credit Card? The eleven important features of credit card are depicted in the image below.The main characteristics or features of credit card are listed as follows:Alternative to cash. Credit limit. Aids payment in domestic and foreign currency. Record keeping of all transactions. Regular charges. Grace period or grace days. Higher fees on cash withdrawals. Additional

What is Credit Card? Meaning Definition Size Anatomy

2012-01-16T21:08:00.000+05:30

What is Credit Card? Meaning Before we proceed to understand what is credit card? First let's clarify the simple meaning of some essential prerequisite terms.In general, and with respect to the context of this article,Credit means to borrow something from someone. E.g. to borrow money from a bank. Card is a small flat object made from a laminated plastic sheet and other materials. Cardholder is

Golden Rules of Investment are Growth, Returns and Liquidity

2012-01-10T20:43:00.000+05:30

Golden Rules of Investment Before we proceed let’s revise the meaning of words viz., Rules and Investment in context of this article.Rules are sets of certain principles or conditions that guide, direct, refine, control, and govern something or someone. Investment is a continuous course of action(s), for exploring the various fiscal alternatives to maximize the wealth. The golden rules applied

Steps in Production Forecasting Process

2012-01-04T23:43:00.001+05:30

Steps in Production Forecasting Process Steps in a production forecasting process are depicted in the image below.Image Credits © Moon Rodriguez.The stages or steps in a production forecasting process are listed as follows:Fix the forecasting objectives. Decide what to forecast? Determine the time frame. Collect the data for forecasting. Select the forecasting model Build and test the

What is Production Forecasting? Definition Meaning

2012-01-04T21:36:00.001+05:30

What is Production Forecasting? Definition The definition of production forecasting is quoted in following statement."Production forecasting is estimating the future demand for products and services and the resources necessary to produce the output.."Image Credits © Steve Pepple.Now let's discuss and understand the meaning of production forecasting. Meaning of Production Forecasting Production

What is Production Planning? Meaning Definition Objectives

2012-01-03T21:29:00.001+05:30

What is Production Planning? Meaning Production planning means to fix the production goals and to estimate the resources which are required to achieve these goals. It prepares a detailed plan for achieving the production goals economically, efficiently and in time. It forecasts each step in the production process. It forecasts the problems, which may arise in the production process. It tries to

Modes of Strategic Planning - Entrepreneurial and Adaptive

2011-12-29T21:16:00.000+05:30

Modes of Strategic Planning There are three different modes of strategic planning. These are depicted in a diagram, listed and explained as follows:Image Credits © Moon Rodriguez. 1. Entrepreneurial Mode In entrepreneurial mode, strategic planning is done by one person. He takes the full responsibility of planning for the production department. That is, he does production planning on behalf of

What is Strategic Planning for Production? Definition Meaning

2011-12-29T20:19:00.001+05:30

What is Strategic Planning for Production? Definition The definition of strategic planning for production is quoted below."Strategic planning for production implies focusing on the alignment of production management within an organization with its corporate and business strategies to gain a strategic advantage."Image Credits © Motion media works. Meaning of Strategic Planning for Production

What are Different Types of Production Strategies ?

2011-12-28T06:08:00.000+05:30

Different Types of Production Strategies The different types of production strategies are grouped, listed and explained under following three categories, viz.,The types of production strategies under Business Strategies are as follows:Differentiation strategy Cost leadership strategy Market segmentation strategyThe production strategies under Competitive Priorities are as follows:Price or cost

Developing and Implementing Production Strategy - Steps

2011-12-27T12:44:00.001+05:30

Developing and Implementing Production Strategy Steps for developing and implementing production strategies are as follows:Image Credits © Moon Rodriguez.Fixing organisational objectives Developing production and other strategies Selecting the production strategy to be used Selecting the production process Selecting production infrastructure Implementing production strategiesNow let's discuss

What are Production Strategies? Meaning

2011-12-27T11:18:00.000+05:30

What are Production Strategies? Meaning Production strategies are broad long-term action plans. They are made for achieving the main objectives of organisation. Production strategies tell us what the production department must do to achieve the top aims of the organisation. It provides a road map for the production department.Image Credits © Joey Ganoza.So, production strategies are long-term

Functions of Production Management - Components

2011-12-26T14:44:00.001+05:30

Functions of Production Management Functions of production management are depicted, listed & explained below.The components or functions of production management are as follows:Selection of Product and Design, Selection of Production Process, Selecting Right Production Capacity, Production Planning, Production Control, Quality and Cost Control, Inventory Control, and Maintenance and Replacement

What is Production Management ? Meaning Definition Importance

2011-12-26T11:38:00.002+05:30

What is Production Management? Meaning Production management means planning, organising, directing and controlling of production activities.Production management deals with converting raw materials into finished goods or products. It brings together the 6M's i.e. men, money, machines, materials, methods and markets to satisfy the wants of the people.Image Credits © jovijovijovi.Production

Importance Benefits of Financial Planning

2011-12-05T07:23:00.000+05:30

Importance Benefits of Financial Planning Before you proceed, first do revise the meaning of term Financial Planning (FP). It is derived from two influential words, viz., Finance and Planning, which are briefly explained as follows:Finance is the management of money and other valuables, which can be easily converted into cash. It also deals with profits that adequately compensate for the cost

Rights of Shareholders - Receive Income, Vote, Appoint Proxy

2011-12-03T13:16:00.000+05:30

Rights of Shareholders First let's understand the meaning of words, Rights and Shareholders.Rights represent something that is due to an individual or any government body by nature, law, tradition, etc. Shareholders are those people who invest funds in the share capital of a company.In a company, the ownership is separated from the management. The shareholders are the owners of a company, and

Canons Basic Principles of Financial Planning

2011-11-28T16:29:00.000+05:30

Canons Basic Principles of Financial Planning First let us revise the meaning of words Canons and Financial Planning.Canons are the basic (fundamental) principles (rules or standards) laid down by an authoritative entity (either by an authoritative individual or institution, etc.) on something (may be either a concept or theory or procedure or practice, etc.) with an intention to refine, improve

What is Financial Planning? Meaning Types of Financial Plans

2011-11-27T22:55:00.000+05:30

What is Financial Planning? Meaning Financial planning means to prepare the financial plan. A financial plan is also called Capital Plan.A financial plan is an estimate of the total capital requirements of the company. It selects the most economical sources of finance. It also tells us how to use this finance profitably. Financial plan gives a total picture of the future financial activities of

What is Finance? Meaning Definition Features of Finance

2011-11-26T13:01:00.000+05:30

What is Finance? Meaning Before we begin, first let’s understand the origin of word “FINANCE.”If we trace the origin of finance, there is evidence to prove that it is as old as human life on earth. The word finance was originally a French word. In the 18th century, it was adapted by English speaking communities to mean “the management of money.” Since then, it has found a permanent place in the

Evaluation of Foreign Investment Proposal

2011-10-26T20:38:00.000+05:30

Evaluation of Foreign Investment Proposal Before evaluation, let's revise the basics and meaning of Foreign Investment.Investment is a thing, which is worth buying because it is profitable or useful in the near future. Proposal is an offer and / or invitation to do some business or trade. Statutory compliance are well-specified and documented obligations (duties and responsibilities) that are

What is Portfolio Management? Meaning, Objectives in Finance

2011-10-24T02:56:00.001+05:30

What is Portfolio Management? Meaning First let's understand the meaning of terms Portfolio and Management.Portfolio is a group of financial assets such as shares, stocks, bonds, debt instruments, mutual funds, cash equivalents, etc. A portfolio is planned to stabilize the risk of non-performance of various pools of investment. Management is the organization and coordination of the activities of

Price Differentials in Financial Management

2011-10-15T22:09:00.001+05:30

Price Differentials in Financial Management First let's understand the meaning of terms Price and Differential.Price : The literal meaning of the word 'PRICE' is the amount of money expected, required or given by one party to another party in return of some goods and / or services. Differential : Whereas, the word 'DIFFERENTIAL' means something pertaining to diversity (difference) between

Features of Corporate Governance - Characteristics

2011-10-08T05:29:00.002+05:30

Features of Corporate Governance The characteristics or features of corporate governance are listed below.Imgage Credits © Sameer Akrani.Transparency : This means that the Board of Directors must release all relevant information to the stakeholders. They must show all the necessary financial and operational data to the stakeholders. They must not hide any important information or maintain any

Importance of Corporate Governance - Need Significance

2011-10-08T05:04:00.001+05:30

Importance of Corporate Governance The need, significance or importance of corporate governance is listed below.Imgage Credits © Sameer Akrani.Changing Ownership Structure : In recent years, the ownership structure of companies has changed a lot. Public financial institutions, mutual funds, etc. are the single largest shareholder in most of the large companies. So, they have effective control on