Financial and Strategic Planning The foundation of a financial plan and forecast begins with a strategy of preparing for the future. During the planning process the focus is on the overall organization and where it intends to be financially; therefore, creating a budget that will address such things as incorporating the goals and objectives of all the
The primary function of AIS is assigned the qualitative value of economic events. It is a computerized accounting of produce the financial statement named as Income Statement. Cash Flow Statement and Balance sheet. Accounting Information System can ensure the reliability of financial information processing and control and measures the economic information reliability. Managers Need AIS means to decide internal controls.
(A02) C. Analyses key research findings of the following to quantify and develop an integrated business plan: marketing, operations and financial plans. (AO3) D. Evaluates the viability of the business plan in order to support a case for funds, based on an assessment of: relevant financial ratios; pay-back periods;
What was the most important lesson you learned about the managerial issue or the concepts/tools? Connect this learning to your prior personal experiences. Farm Fresh is one of the well-known and established food hubs in the United States. With Harvest Kitchen as one of the Farm Fresh Programs, it reflects that Farm Fresh always wants to grow, keep learning, and adapt to social change. They want to improve their process to grow a local food system that values the environment, health, and quality of life of Rhode Island farmers and eaters.
This is attainable by having definite efforts aimed to raise agricultural products’ values. Moreover, attaining this goal can be helped by unifying the scattered and unequal relief activities, by insisting that government institutions act on the reduction of cost for produce based on the ready
Exhibit 1.2.1 explains clearly about the role of information, that is one of the cross-functional drivers in improving supply chain efficiency. It describes how the interaction of various drivers such as transportation, inventory, sourcing and information influence the supply chain performance in terms of efficiency and responsiveness. Let us discuss how the various supply chain drivers impact the performance of the supply chain and its role in decisions related to supply chain design, planning and operations in the following sections. Furthermore, it is discussed that how the trade-off between customer service and cost is achieved with the help of decisions related to supply chain
Deductive and inductive reasoning can be applied to analyze certain trends of economic theories. An example of deductive reasoning would be the demand and supply analysis as it involves a set of generally accepted principles about demand and supply. Deductive economics starts with a set of axioms about economies and how they work. It then relies on these principles to explain individual cases or events. To summarize, deduction in economics starts with a generally accepted principle and proceeds to the specific (http://classroom.synonym.com).
Below is a clarification of each item/category; The KM leadership category evaluates the organization’s leadership capability to respond to the challenges of a knowledge-based economy. The KM leadership is assessed in terms of KM policies and strategies that are in place within the organization, and in terms of efforts to initiate,
The information system provides the basic data on the informational database. To the enterprise, the information system has two subsystems are related. There is data processing or information supplying sub-system and a decision making sub-system. The responsible the data processing system are for acquiring, coding, processing and forwarding the information for the activity and operation. The responsible for decision making subsystem are the effect of directly or indirectly with management processes from data-processing systems.
Firstly, let me start by explaining the meaning of macroeconomic and microeconomic. Macroeconomics is the division of economics which help us to study the behavior and performance of an economy; it also helps us to focus on the aggregate changes in the economy for example Gross Domestic Product (GDP), inflation and unemployment. Macroeconomics focused on the determinants of total national output, it studies the national income not only the household or individual income but the overall price level; it also analyze the demand of total employment in the economy not only the individual. Secondly Microeconomics, basically microeconomics is the opposite of macroeconomic. Microeconomics is the study of individuals, households and firms behaviour