ensure better management of the Government’s objective. Government policy makers should equally begin to consider the possibility developing a version of the Grameen Bank type lending model which takes into consideration peculiarities of the Nigerian business environment- this has the potential of solving the challenge of access to finance. It is highly recommended that the government on all levels take steps to ensure the continued expansion and maintenance of the infrastructure in the country; Decisive
important business decisions. The role of financial reporting for banks is crucial importance for the efficiency of banks' operations. Data needed for adequate financial reporting are found in the financial statements. In recent years, there has been a growing need for calculating performance of banks by using the information from the financial report. Importance of a specific analysis for banks: Financial accounting is providing solid information basis that helps banks to reach important business decisions
and restraint mechanism, so corporate governance must take into account the role of the audit. To carry out governance audit, to safeguard the interest of stakeholders, improve the company's, business management foundation, improve the company's credit, improve the management organization, and promote business
became the backbone of the organization which supports business operations. Information system is a vital for management of business today. In many businesses, survival and the ability to achieve strategic business goals is difficult without extensive use of information technology. There are s reasons or objectives why businesses use information system. If the IT system falls short of resources in order to make ends meet, the organization's efficiency is decreases. The IT profession has opened doors to
Finally, they have managed to make savings of CHF 10 miliar for their company. Operational efficiency program that has been done by the company Nestle has been a success, which is made a successful savings have exceeded the target of CHF 1milliar on 2007. If we calculated from 1996, the Cost of Goods Sold (COGS) has decreased form 52.1% on 1996
Business Process Management Projects in Automotive Industry: Why Business Process Management projects are implemented in Manufacturing Industries? Every company’s main moto is to improve the way it does business, which includes producing things more effectively and efficiently with quality for the purpose of making great profits. Now a days non-profit organizations are also focusing on achieving efficiency, productivity, and the goals, that they set for themselves. Each and every project manager
optimum working capital level that strikes a balance between risk and efficiency. Moreover, a quest for such balance requires a constant monitoring of the elements forming working capital. The efficiency of the working capital of a business organization is measured using net working capital; which is the difference between the current assets and current liabilities. Moreover, a useful and comprehensive measure of working capital efficiency (WCE) is the Cash Conversion Cycle (CCC) (Gill et al.,2010). Many
the synchronisation of efforts of various business elements or functions to harmoniously achieve the organisational goals. Any business has five main functions apart from the coordination function. Two major functions are the Operations Management function and the Marketing Function. Role of Marketing Function and the Operations Management Function The above functions are two major functions of any business. The Operations Management function of the business is concerned with management of the process
It acts as a driving force in business. Modern business is highly competitive and need efficient and capable management. It is through management that business activities are organized and conducted efficiently and objectives are achieved. A firm in fact, cannot survive without management, because management is its means of support. Management
an integral component in most profitable and successful business models. Companies and organizations must embraced innovation architecture to improve the efficiency, remain competitive and make their business operation sustainable throughout the changing market and its demands. Microsoft Microsoft uses an innovation architecture framework, which is geared towards developing an integrated and comprehensive approach that blends its business production. Through these approaches, Microsoft has increased