Business in brief library

Finance Techniques

Maximising People ROI

Maximising People ROI

People ROI (Return on Investment) refers to the measurable benefits an organisation receives from investing in its employees. It involves assessing the effectiveness of human capital investments, such as, development, recruitment, and employee engagement, to determine the financial or operational returns they generate (Phillips & Phillips, 2014).

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Minimum Efficient Scale

Minimum Efficient Scale

The concept explains the important difference between a high and low MES value for market entry. It uses case study examples to illustrate MES in practice and highlights the various strengths and weaknesses of the concept. The concept also outlines the basic steps for estimating MES.

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Monopolistic Competition

Monopolistic Competition

The concept describes monopolistic competition - a market structure in which many firms sell products that are similar but not identical. It explains the strengths and weaknesses of the concept and outlines useful implementation advice and factors for success in achieving above-average profits in this type of market structure.

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Monte Carlo Simulation

Monte Carlo Simulation

Monte Carlo methods are often used to calculate the value of companies, to evaluate investments in projects at a business unit or corporate level, or to evaluate financial derivatives. The concept reviews the basics of the model and explores how and why it is used in organisations.

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Outsourcing

Outsourcing

This concepts describes the operational transfer of one or more business processes from an origin company to an external provider. It explains the potential benefits of outsourcing and also the many risks and drawbacks that all companies need to be aware of.

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Paradigm and Paradigm Shifting

Paradigm and Paradigm Shifting

Paradigms are generally defined as a framework that has unwritten rules and that directs actions. A paradigm shift occurs when one paradigm loses its influence and another takes over. The concept defines paradigm and paradigm shift and explains how it can relate to company strategies and industry cycles.

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Parametric Forecasting Method

Parametric Forecasting Method

Parametric forecasting in project management uses historical data and statistical models to predict future project outcomes. By leveraging key variables, such as time, cost, and resources, it provides accurate estimates, helping managers plan and allocate resources more effectively for future projects.

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Pareto Analysis

Pareto Analysis

The concept identifies vital critical success factors of the Pareto Analysis and presents valuable advice on its implementation.

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Pay-For-Performance

Pay-For-Performance

The concept reviews pay-for-performance and offers a guide on how the approach can be applied as a strategy within your organisation.

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