USING ANNUAL REPORT AS A MARKETING TOOL Annual reports are formal financial statements that are published yearly and sent to company shareholders and various other interested parties. The reports assess the year’s operations and discuss the companies’ view of the upcoming year and the companies’ place and prospects in their...
Month: February 2022
KEYS TO ERECTING AN EFFECTIVE ORGANIZATIONAL STRUCTURE An organizational structure is the pattern or arrangement of jobs and groups of jobs within an organization. This pattern pertains to both reporting and operational relationships, provided they have some degree of permanence. The individual elements of an organizational structure typically include a...
HOW TO SET AN INVENTORY STRATEGY An inventory is a detailed, itemized list or record of goods and materials in a company’s possession. The main components of inventory are cycle stock: the order quantity or lot size received from the plant or vendor; in-transit stock: inventory in shipment from the...
THE IMPORTANCE OF INDUSTRY ANALYSIS Industry analysis is a tool that facilitates a company’s understanding of its position relative to other companies that produce similar products or services. Understanding the forces at work in the overall industry is an important component of effective strategic planning. Industry analysis enables business owners...
