Netsuite ERP NetSuite is a software company that has developed a cloud-based business management platform used by more than 37,000 fast-growing organizations across the globe. That platform consists of a suite of applications that help companies run their business, understand the performance of their businesses and drive major efficiency gains and cost savings. That gives… Continue reading What is a Netsuite ERP
Category: Business Analysis
This is the category for Business Analysts to post articles useful at their work.
3 Financial Statements
These 3 statements are affected by close to every action taken in your Finance & Accounting department 📄 𝐈𝐍𝐂𝐎𝐌𝐄 𝐒𝐓𝐀𝐓𝐄𝐌𝐄𝐍𝐓 (also known as Profit & Loss) This represents everything in terms of what your company is EARNING… as well as what your company is SPENDING. Here are the major sections (and what they mean): REVENUE… Continue reading 3 Financial Statements
Entrepreneur and entrepreneurship development
Entrepreneurship is the process of designing, launching, and running a new business, often with the goal of making a profit. Entrepreneurs are individuals who identify opportunities, innovate, and take the initiative to create and operate a business. Entrepreneurship development, on the other hand, refers to the process of enhancing entrepreneurial skills and knowledge to foster… Continue reading Entrepreneur and entrepreneurship development
Functional Specification Document for Service Pack
OVERVIEW This document provides an overview of the functional specifications for automating the service pack business model at Jobin and Jismi using NetSuite. Currently, the company’s operational setup lacks the capability to precisely monitor monthly working hours, with no provisions for accurately tracking the actual hours utilized. Consequently, the company requires a system integrated into… Continue reading Functional Specification Document for Service Pack
Hofer’s market evolution matrix in strategic management
The Hofer’s Market Evolution Matrix, developed by Charles W. Hofer, is a strategic management framework used to analyze the life cycle stages of products, markets, or business units. It helps organizations understand where their products or services stand in terms of market maturity and assists in making strategic decisions accordingly. The matrix is a 2×2… Continue reading Hofer’s market evolution matrix in strategic management
Environmental analysis in corporate
Environmental analysis in the corporate world is a critical process that involves assessing and understanding the external factors and trends that can impact a company’s operations and strategic decisions. This analysis helps organizations adapt to changing conditions and make informed choices. There are several key aspects to consider in environmental analysis: PESTEL Analysis: Political: Assess… Continue reading Environmental analysis in corporate
Corporate level Strategies
Corporate-level strategies in advanced strategic management encompass the overarching plans and actions that an organization’s top management takes to achieve its long-term goals and objectives. These strategies focus on how the company positions itself in the industry, manages its portfolio of businesses, and interacts with the external business environment. The choice of a corporate-level strategy… Continue reading Corporate level Strategies
Tax planning and managerial decisions in income tax
Tax planning and managerial decisions in income tax play a crucial role in optimizing a company’s financial position and ensuring compliance with tax laws. By making informed decisions, businesses can minimize their tax liability while maximizing after-tax profits. Here are key considerations for tax planning and managerial decisions in income tax: Entity Structure: The choice… Continue reading Tax planning and managerial decisions in income tax
Strategic implementation and control
Strategic implementation and control are essential phases of the strategic management process, which involves the formulation, execution, and monitoring of an organization’s strategies. These phases ensure that the strategies developed by the organization are effectively put into action and that progress is tracked to achieve the desired objectives. Here’s an explanation of strategic implementation and… Continue reading Strategic implementation and control
Shareholder value and wealth creation
Shareholder value and wealth creation are fundamental concepts in corporate finance and investment. They revolve around the idea of increasing the value of a company and, in turn, generating wealth for its shareholders. Here’s an explanation of these concepts: Shareholder Value: Shareholder value, also known as shareholder wealth or shareholder value maximization, is the primary… Continue reading Shareholder value and wealth creation