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Business

Financial Statements: Business Financial Condition and Performance

Business, Finance / By

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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Quantitative and Qualitative Analysis: Methods to Improve Business Performance

Analysis, Business, Research / By

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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Entrepreneurship: Commit to the Process

Business, Entrepreneurship / By

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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Lean Six Sigma: Tools and Methods for Business Growth

Business, Lean Six Sigma / By

Lean Six Sigma is a process improvement methodology, which aims at reducing challenges, decreasing waste and inefficiency, and enhancing working conditions in order to give a better response to consumers’ requirements than previous methods. Essentially, it integrates the tools, methodologies, and ideas of Lean and Six Sigma into a single popular and effective approach for …

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Strategy: The Foundation

Business / By

In business, strategies are primarily about identifying and analyzing the competition, as well as developing a strategy to equal or exceed the potential of the competitors’ products or services. Strategy refers to the long-term direction and scope of an organization and it contributes to the achievement of an organization’s competitive advantage. Strategy formulation refers to …

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