All businesses will work hard to keep their costs to a minimum. There is usually savings to be made in every aspect of an operation and one of areas where there will be interest in making savings will be the inventory process. Just in Time (JIT) inventory is all about managing the inventory process so that costs are kept to a bare minimum and that everything occurs as efficiently as possible. JIT is about looking for any wastage and removing this where possible. The overall goal is to get the highest possible return on the money invested in inventory.
Humans are the most important resource that a company can have. In order for a business to be successful it is vital that the right people are doing the right job. Deciding which people are the right ones for the job takes a lot of skill and expertise. This is why there is a growing demand for strategic human resource management. Having the best people in a team will give a company an edge of their competitors.
A private equity firm specializes in high risk investments that can produce impressively high rewards. They deal in those assets that aren’t normally available to the public to buy. Such a firm is made up of a collection of individuals who have joined forces to invest in this type of asset. Those who manage the investment will be rewarded with a share of the profits and a management fee.
A leaseback refers to a situation where we sell an asset to somebody else and then lease it back off them. This may seem like an odd thing to do but there can actually be a few advantages in doing this. For one thing, it means that you can still enjoy the benefits of this asset even though you don’t actually own it anymore. In a lot of situations having the use of something is a lot more important than actually having ownership of it.
When a business manufactures a product or creates a service there will always be certain costs involved. The nature of these costs will depend on the exact product or service being offered. Cost structure refers to the way that all the different costs are distributed throughout the process of creating a good or service. It will include such things as paying for the resources needed to make the product and other costs such as labor and electricity. The money spent marketing and delivering the item will also be included in this too.
Business strategy involves the steps a company will take to reach their goals and usually involves three main elements; analysis, integration, and implementation. Getting the right business strategy is vital because success will often depend on this. Luckily there are plenty of knowledgeable experts out there who are willing to share their knowledge. Here are (in our opinion) the top 5 best business strategy books reviewed.
Dependency theory has been put forward by social science theorists in an attempt to explain how developed and developing nations affect each other. It implies that the resources flow from poorer countries to the wealthier countries. It is viewed as an opposing view to the notion of a free market economy as it points out deficiencies in that system. This theory has been highly influenced by the work of Hans Singer and Raul Prebisch.
International business has become increasingly important as more companies attempt to become global entities. It does feel like the world has become a lot smaller in the last few decades with the rise of multinationals and improved communications technology. There is a lot of interest in international business and there have been some good books written to satisfy this curiosity. Here are what we think are the top 5 best international business books reviewed.