If you work in finance, do you know the importance of asset management? This method can ensure the financial health of your business , and understanding it can help you become a better manager. It’s important to stay on top of everything happening in the business world and stay up-to-date to gain more knowledge. Don’t miss the
Regardless of your company’s size and industry, taking care of its financial planning is essential to ensure its medium- and long-term well-being. A corporate financial plan is precisely what gives managers predictability about cash flow and many other aspects of the company’s budget in the coming years. Therefore, to be able to put your company’s plans and
Technology has been advancing at an increasingly rapid pace in recent years, making it difficult for anyone to keep up. The scenario is no different in the business world; however, these advances have been leveraged to increase productivity, improve service quality, and, at the same time, reduce manual processes. Much of this progress is driven
As time goes by, technology becomes more prevalent in various aspects of our society, including our businesses. The adoption of new technologies by various companies is essential for their increased productivity and competitiveness, becoming even more efficient.One of the best examples of this is management software , which functions as an intelligent management program, integrating data, procedures, and
When it comes to investing in companies, we know that buying stocks can lead to superior performance compared to more conservative securities. However, this type of investment also carries greater risk. Therefore, it’s crucial to thoroughly understand the companies you’re investing in to determine whether they offer growth potential . There are several indicators that can be
To survive in today’s competitive market, it is essential that companies invest in corporate communications. But do you know what this concept is about? With the aim of generating information, recognition, reputation, trust and even identification, corporate communication explains what the company stands for, what it represents and reinforces its image for both external and
A change is the process of moving through a transitional state from one state to another. This entire movement is becoming increasingly necessary for companies that want to develop and reach higher levels. If the goal is to maintain and stand out in the market , change is inevitable. However, the process of organizational change is not
Implementing procedures that, mostly through technology, automate a business’s activities is known as industrial automation. Human labor is decreased and production efficiency is raised through the use of machines and systems. Computers, robots, systems, the internet, artificial intelligence, and other elements of current technology have allowed industrial automation to reach a new level. If you
Microsoft created the data collection, visualization, and analysis technology known as Power BI. With the help of this tool, you can create dashboards and reports, view pertinent and significant data about your business, and provide insightful analysis. Therefore, Power BI makes it possible to create and develop reports that update in real time—or at any
In industry, making sound decisions depends, among other factors, on a clear understanding of the different types of costs. However, terms such as fixed, variable, direct, and indirect costs are often confused or misinterpreted, both in companies and academic settings. In this article, we’ll clarify these fundamental concepts with examples applicable to your factory’s day-to-day operations. We’ll
