Business in brief library

Operations Techniques

Economic Production Quantity

Economic Production Quantity

The Economic production quantity concept is designed to help inventory managers and practitioners better understand the benefits of maintaining the right amount of inventory.

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Economic Value Added

Economic Value Added

The purpose of this concept is to provide an overview and analysis of the Economic Value Added (EVA) metric as a method to calculate the economic profit of a company. The concept shows what the EVA metric is and highlights some advantages and disadvantages from its proponents and critics.

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Economies of Scale and Scope

Economies of Scale and Scope

Economy of scale is a concept that arises in the context of the production of a good or service, and other similar activities undertaken by organisations. This concept will provide an understanding of economies of scale, and some other concepts related to the production process.

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Emergent Change

Emergent Change

The concept provides a description of the emergent change process, the type of change that is not in an organisation's agenda - it simply manifests in our social systems when the underlying components have achieved a new order that give way to new behaviours.

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Employee Voice Tools

Employee Voice Tools

Employee voice tools enable employees to express opinions, share feedback, and influence workplace decisions. As organisations evolve, these tools become critical for boosting engagement, fostering trust, and creating a culture of transparency and collaboration.

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Empowering Employees

Empowering Employees

Over 70% of organisations now use empowerment initiatives. This concept explores how and why companies apply them. Empowerment is a key driver of motivation, autonomy, and innovation. Edmondson (2018) and Parker (1998) show it thrives in safe cultures and well-designed roles.

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Enterprise Resource Planning

Enterprise Resource Planning

Implementing a ERP system is a time consuming, difficult process. You will learn where problems arise and what measures and steps need to be in place to implement successfully.

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Ethical Purchasing/Ethical Procurement

Ethical Purchasing/Ethical Procurement

The purpose of ethical purchasing is to promote good labour and environmental standards in supply chains. The concept reviews the main issues related to ethics in purchasing and presents some useful implementation information.

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Exit Strategies

Exit Strategies

Exit strategies and contract escape clauses are particularly relevant for those dealing with outsourcing and subcontracting. The concept reviews the term ‘exit strategies’ and discusses how firms should approach and anticipate the ending of contracting relationships between buyers and suppliers.

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Fintech

Fintech

Discover how technology will disrupt financial services in a wave of transformations not seen since the introduction of credit cards in the ‘50s.

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Flat / Horizontal Organisation

Flat / Horizontal Organisation

Traditionally, organisations were organised vertically. This concept presents an alternative way of defining organisational structure as horizontal or flat, and explores its advantages and drawbacks.

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Forecasting and Queuing Theory

Forecasting and Queuing Theory

Understanding how demand, flow, and capacity change over time is essential when systems must perform under uncertainty. Forecasting and queuing theory offer ways to anticipate future patterns and examine how delays and congestion arise, helping make sense of time-dependent behaviour in complex environments.

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Forward Integration

Forward Integration

Forward integration is one of three types of vertical integration, where companies in a supply chain are united through a common owner. This concept will help managers to differentiate between forward and backward integration and gain insights into its implementation steps and success measures.

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Franchising

Franchising

Franchising is an important business growth strategy and marketing system that can boost turnover without the need to increase assets. The concept explains the advantages and drawbacks of this strategy and describes how some of the world's most iconic brands have built successful franchising businesses.

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Freedom of Information Act 2000

Freedom of Information Act 2000

The Freedom of Information Act 2000 encourages organisations to work in a responsible manner. By adopting a policy of openness, organisations can engender greater public trust and confidence. Implementation steps are presented and strengths and drawbacks of the legislation are discussed.

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