Effective credit policy
If your business does not improve, it will certainly deteriorate. Continuous improvement process means that you constantly find ways how to do your business better, faster and not as competitors…

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HOW TO LEAD A COMPANY FROM THE FINANCIAL CRISIS
The reasons for the financial crisis in an enterprise can be both a general market downturn, an incorrectly chosen development strategy, and inefficient management work. Regardless, universal tools can be…

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Basics of Effective Entrepreneurship
How does optimal stock management and effective inventory management compare? Optimal inventory management is SKU inventory management that meets any criterion (rule) of optimality, i.e. the best fit rule. The…

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performing time-consuming

Improving the company’s business processes

What is a company (enterprise, organization, institution): a set of structural units (departments, divisions, bureaus, workshops, sites, services) or a set of business processes? Of course, both. However, looking at a company as an aggregate of business processes and managing them has significant advantages in a competitive environment for better and faster customer satisfaction, which are not only consumers of products (finished products, goods, works, services), but also company owners, suppliers, staff. Thus, those interested in improving the organization’s business processes are its owners, personnel, consumers, suppliers and the state, who are the “joint-stock” groups of the organization, and the company’s ability to survive in a complex, demanding and changeable environment and to achieve the goals for which it was created. Continue reading

INFORMAL VENTURE CAPITAL MARKET: BUSINESS ANGELS
The informal venture capital market consists of private investors who invest their personal financial resources in new and growing small firms. They are called "informal investors", or "business angels" (business…

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Contents of the product sales department concept
The head of any level of management should think systematically. The component that makes up the economy of a country, a sector of an economy, or a region is an…

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What does “effective inventory management” mean?
Let us analyze this phrase in parts: stocks, management, efficiency. Inventories (stocks - eng.) - these are the supplied raw materials, materials, components, work in progress from them, finished products,…

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