January 2022 - Gray Management

Financial Statements: Business Financial Condition and Performance

The financial statements of a company give information regarding the entity’s assets, liabilities, equity, income, and costs, including profits and losses, contributions by and distributions to owners, and cash flows to achieve this goal. Without the insight of financial statements, it is otherwise difficult to analyze the financial health of an organization. An organization must …

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Technology: The Foundation

Technology / By Jimmie Gray

Although it is difficult to define technology, people are aware of what it is and can distinguish between things that occur naturally and those that are created by humans. One of the most accepted definitions of technology states that it is the collection of techniques, skills, procedures, and processes that are employed in the creation …

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Quantitative and Qualitative Analysis: Methods to Improve Business Performance

Analysis, Business, Research / By Jimmie Gray

When it comes to gathering and evaluating data in research, qualitative and quantitative analysis are two very important methodologies. Quantitative research deals with numbers and statistics, while qualitative research deals with words and meanings. Since both research methods share the same goals, which is data analysis, both approaches can be employed individually or simultaneously. When …

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Industrial and Systems Engineering: Systems Integration for Process Analysis and Improvement

Industrial and System Engineering / By Jimmie Gray

Industrial and system engineering is a branch of engineering that applies analytics and critical decision-making skills to optimize complex processes, systems, networks, investments, and organizations. It is found in nearly all sectors such as finance, logistics, energy, healthcare, manufacturing, transportation, production, and telecommunications. The fundamental idea of industrial and system engineering is the use of …

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Entrepreneurship: Prepare to Succeed

Entrepreneurship / By Jimmie Gray

Entrepreneurship is at the heart of every industry. Entrepreneurs not only make significant contributions to the overall economy of a country, but they also have a positive impact on the employees themselves as it makes them feel happier and more driven in their work. Despite the COVID-19 pandemic, the United States has added over 80 …

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Entrepreneurship: Commit to the Process

Business, Entrepreneurship / By Jimmie Gray

Although most people associate entrepreneurship with the process of launching a firm, entrepreneurship is really the pursuit of opportunities that exist outside of the control of present resources. Entrepreneurs, whether working alone or in groups, encounter possibilities throughout their personal and professional life. They establish hypotheses about how they can add value to consumers’ experiences, …

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