Opportunity cost

and promote process learning. It gives managers and employees the same tool and language to communicate. Advantages and disadvantages of Lean Manufacturing. Overall the advantages of Lean manufacturing lead to large cost savings, better cash flow, lower inventory and storage cost. It’s helps to reduce lead times, better relationships with your customers and helps to win new business. Working conditions and company moral should be hugely improved. The disadvantages of Lean manufacturing are if…

Financial and managerial accounting are both important accounting aspects to effectively manage a company. Financial accounting are reports that are mainly used by external stakeholders of a company. Managerial accounting is mainly used by management of a business to help them make informed decisions. While both forms of accounting provide different information for different uses, they both provide important financial information that describes the financial wellness of an organization. Both…

All it takes is one moment, one brief period of time, one second for your life to change. Your life can do a full one-eighty in the blink of an eye. You could either win the lottery, or lose everything you have. Life is a gamble, where the outcomes are win or lose, but either way you still learn something each time and grow from it. Here is the start of my growth. With my eyes closed, my hands shaky and my face wet from tears, I started dreaming. The memories playing in my head like a favourite…

the compensation management. It is still treated as an opportunity for improvement. Equality domains such as ‘work environment’ and ‘organizational support’ have posted positive inclinations. Staff believes ‘their physical working condition is good’; ‘believes that the job is secured’; likes the type of the work that staff does’; experienced the spirit of cooperation at the work area’; plus staff also feels that the work area gives opportunity for them to use their talents…

b. Pricing and margin analysis Prices of a company’s goods and services must be competitive otherwise it risks losing customers and potential sales. At the same time selling prices must include appropriate cost recovery, without which losses may occur and the operations become uneconomic. In setting prices for the market, the company needs to consider its competitive position or that of its products and services, and also the complexities in operating the business activities. Poor price setting…

For a company well into its third decade before launching its first property outside Thailand, Centara has certainly made up for lost time. The December 2009 opening of the Centara Grand Island Resort & Spa Maldives represented the first step in an ambitious international expansion that has, in the span of just 34 months, taken Centara’s overseas presence to nearly 20 hotels and resorts. Chris Bailey, senior vice president for sales and marketing, looks back at a remarkable three years and…

The reason for a parenting opportunity examination is to report those opportunities and evaluate their noteworthiness. The examination can be a noteworthy test, however, on the grounds that the guardian frequently needs a profundity of skill in the business to distinguish the open doors. An example is that…

What would it be like if you had a watch that could tell you when you would die? Would you settle your personal affairs on order, if so at what price? Would you be tempted to buy products at a special discounted pricing that would bring negative outcome? In this thought-provoking book by Van Fleisher which depicts the current reality in the USA identifies what triggers within the society. Final Notice is a book that focuses on the tech advancements and the gun laws which currently operates…

Season long fantasy football is a game played by millions across the United States, and recently a new form of it has become popular too, daily fantasy football. In this format you draft a new team every single week. Because fantasy football is a game of skill, the government does not consider it gambling, therefor making it legal to place wagers on your teams on sites like Fanduel. In reality, luck is involved, but if you look at some advanced statistics you can eliminate a lot of the gamble. I…

The Gift of the Magi, by O. Henry, opens up with a young couple, Jim and Della Dillingham Young. Della has all of $1.87 when the story opens up. Jim is only making $20 a month which is reduced from what he used to make. Used to Jim was making $30 a week, but recently his salary has been cut back to $20 a week. Della, his wife and the hero of this journey is making $8 a week for furnishings. She is collecting spare change to save up for a Christmas present for Jim. Just as the Magi, or wise men,…