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Balanced score card effect is only being restricted or being applied only to the financial perspective of the organization. Even in the western world from where the Balance score card came into affect into the management books was also remained
Costing methods used in combination can be used as a devastating weapon for creation of economically and social benefits. But its often misunderstood and miss- represented which leads to further poor understanding and implementation of the
Innovation is not a business. It is now a need and a part of everydays life. The terms "benchmarks" and "indexes" are often used interchangeably, but they are actually unique terms that describe different things. All ind
In my last article where I depicted the story of failure in designing the strategy plan in terms of competitive advantage designing process. This article is the continuation and the higher level of designing the competitive advantage. Competitive
Cost is an integral part of designing any product and process. Prior to the debacle of 2008 I find that cost accounting method was being only adopted for deriving valuation of raw material, estimation of cost for various cost centers and providi
In business colleges we are taught about strategy and business techniques to remain in competition and derive competitive advantage. Strategy to become No-1 or No-2 is the most devastating concept being built within the mind of the top management. J
After the debacle of 2008 the demand of efficiency and defects reduction is on the heights ladder. The debacle of 2008 has taught us to use metrics to measure performance which the world failed to do prior to 2008. While in search of new concepts an
Online business or the e-commerce is the growing market replacing the huge fixed cost associated with shop and establishments. Online marketing has also replaced the fixed cost related to employees and other amenities. This is a fatal concept being
Innovation the mother of growth plays a pivotal role in the global economy since inception of the fire on this planet. Invention of wheel and fire were also innovation. The recent debacle of 2008 had changed the landscape of innovation acros
The financial market took a huge turnaround after the debacle of 2008 where demand and supply inequality were the main players. Industrial revolution took a halt across the world and financial market reflected more fearful days. Globa
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