Understanding International Markets: Core Principles
International Marketing: Key Concepts
Understanding Ethnocentrism and the SRC
The most effective way to control the influence of ethnocentrism and the Self-Reference Criterion (SRC) is to recognize their effects on our behavior.
Achieving Global Awareness
The most effective way to achieve organizational global awareness is by having a culturally diverse senior executive staff or board of directors.
Avoiding Errors in Business Decisions
To avoid errors in business decisions, it’s necessary to conduct a
Read MoreKey Project Management Concepts & Definitions
CPM and PERT Definitions
- CPM: Critical Path Method
- PERT: Program Evaluation and Review Technique
Decision-Making Process Steps
- Identify the Problem: Understand the issue requiring a decision.
- Gather Information: Collect relevant data and facts.
- Identify Alternatives: List possible solutions or actions.
- Weigh Evidence: Evaluate the pros and cons of each alternative.
- Choose an Option: Select the best course of action.
- Implement the Decision: Put the chosen solution into action.
- Evaluate the Outcome: Review
Business Finance: Working Capital, Sources, and Valuation
Within the economic and financial structure of a business relationship, there exists a close connection between financing and its consequences. Therefore, there must be equilibrium between assets, equity, and liabilities.
Working Capital
Working capital represents the financing of current assets with long-term liabilities. From an asset perspective, capital flow is numerically equivalent to the portion of current assets funded by long-term liabilities.
FM: ANC-PNC PN + capital = Current = AC-PC
Period
Read MoreFinancial Instruments and Metrics for Business Decisions
Financial Instruments and Metrics
Key Financial Ratios and Metrics
Net Profit (NetP)
NetP = Total Assets – Payable Liabilities
Return on Financial Assets (R.finan)
R.finan expresses the capacity for reward of owned funds. It represents the performance obtained before distribution to partners/shareholders, calculated as: Net Income / Equity (Owned Funds).
Leverage
Leverage is the relationship between assets and equity, indicating the investment (assets) made by the company for every dollar of equity.
Leverage
Read MoreBusiness Financing Methods and China’s Economic Overview
Business Financing Methods
The goal of this essay is to show the advantages and disadvantages of various methods of financing. It includes three ways: credits, crowdfunding, and business angels, which are presented one by one.
Bank Credits
The most famous method of financing is bank credits. Banks may grant a credit, but most of the time, it includes a high price to pay when it comes time to pay back. The latest values actualized on the Bank of Spain’s web page are from 2016, when the Annual Percentage
Read MoreDiamond’s Strategies: Customer Focus, Tech Investment, and Market Expansion
Diamond’s Customer-Centric Approach
Diamond is a customer-focused organization that prioritizes service excellence. By focusing on customer service and its quality, Diamond aims to establish customer satisfaction and loyalty, ultimately driving sales and profit growth.
To enhance customer service quality and satisfaction, Diamond has established the Service Development Section and Customer Care Department. The Service Development Section focuses on enhancing the customer experience of mobile and web-
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