Evaluating a Firm’s internal Situation

Evaluating a Firm’s internal Situation

In order to understand internal environment, a manager needs to be able to answer the following six questions: How well is the firm’s present strategy working? What are the firm’s resources and capabilities? What are the opportunities and threats in the environment? Given the entire current situation, is company doing well with the cost competition? Is the firm competitively stronger [...]

411 days ago Read More
DIFFERENTIAL ANALYSIS: THE KEY TO DECISION MAKING

DIFFERENTIAL ANALYSIS: THE KEY TO DECISION MAKING

RELEVANT COSTS AND BENEFITS Every decision involves choosing from among at least two alternatives. A relevant cost or benefit is a cost or benefit that differs, in total, between the alternatives. Any cost or benefit that does not differ between the alternatives is irrelevant and can be ignored. Relevant costs and benefits are also known as differential costs and benefits. Avoidable costs are those [...]

564 days ago 1 Read More

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What was the dream about???

What was the dream about???

The cool wind was blowing softly, engraving its marks around the parking lot’s sand. I was looking outside the window at the tree. It looked like it was waving its leaves towards me. I turned around from the window, than the phone rang. I rushed towards the living room, there was no handset in the table. I rushed toward the [...]

516 days ago Read More

One Million Snake Bites

One Million Snake Bites

Snakes are elongate, legless, carnivorous reptiles of the suborder Serpentes that can be distinguished from legless lizards by their lack of eyelids and external ears. Like all squamates, snakes are ectothermic, amniote vertebrates covered in overlapping scales. Many species of snakes have skulls with many more joints than their lizard ancestors, enabling them to swallow prey much larger than their [...]

December 14, 2012 at 2:38 am Comments are Disabled

Revisit Your Brand

What may seem like a simple solution for rising costs buying cheaper ingredients, can have disastrous effects. When a customer perceives degradation in the quality of your product, that’s an easy way to lose regulars and fail to build new ones,  says Jeff Deckers, a project manager and chef with The Culinary Edge, a restaurant and culinary consultancy based in [...]

May 12, 2012 at 7:14 pm Comments are Disabled

10 Ways to offset Food Costs

I read this article in a magazine called “Restaurant Growth”, thought that my readers can gain from reading this. Well it was written by Amelia Levin for the magazine. It’s no secret that food costs have risen steadily over the past few years. In just the past year, prices for dairy, poultry, and beef products in particular have skyrocketed. In [...]

May 12, 2012 at 7:04 pm Comments are Disabled

The 5 Generic Competitive Strategies

The 5 Generic Competitive Strategies

There are usually two main types of strategies: Corporate level strategies, and Generic strategies. Generic strategies are the business level strategies. So, this article will focus mainly on Business level Strategies. Different companies have different division inside the firm, which can make their own products and design their own strategies. Corporate level strategies focus on growth, diversification of the firm. [...]

April 10, 2012 at 4:18 pm Comments are Disabled

Evaluating a Firm’s internal Situation

Evaluating a Firm’s internal Situation

In order to understand internal environment, a manager needs to be able to answer the following six questions: How well is the firm’s present strategy working? What are the firm’s resources and capabilities? What are the opportunities and threats in the environment? Given the entire current situation, is company doing well with the cost competition? Is the firm competitively stronger [...]

April 3, 2012 at 4:08 pm Comments are Disabled
Evaluating a Firm’s internal Situation

Evaluating a Firm’s internal Situation

In order to understand internal environment, a manager needs to be able to answer the following six questions: How well is the firm’s present strategy working? What are the firm’s resources and capabilities? What are the opportunities and threats in the environment? Given the entire current situation, is company doing well with the cost competition? Is the firm competitively stronger [...]

Intro To Disaster Recovery

Intro To Disaster Recovery

What is Disaster? Natural of Human caused incident, that affects organization or environment. Any disaster can lead to variety of unwanted events, such as Loss of Life Loss of property disruption of any business continuity Relocation of a business or a property Any data breach in a system or an organization can also known as disaster, unless, there wasn’t any [...]

“Disaster”, what after that?

“Disaster”, what after that?

Disaster Recovery After reading the article from: http://www.zdnet.com/news/from-ground-zero-up-how-911-changed-disaster-planning/296691 I found out the following: “Two law firms, both just a few blocks away from the World Trade Center, were equally decimated by the collapse of 1.8 million tons of glass and steel on September 11. Both firms used the same company to help them reconstitute business, but one firm was up and [...]

WordPress: A Site From a Blog, but How?

WordPress: A Site From a Blog, but How?

What is “WordPress”? As stated by the website of WordPress, WordPress is web software you can use to create a beautiful website or blog. We like to say that WordPress is both free and priceless at the same time. Its easy to understand and manipulate your site. No hassle of learning any kind of HTML code or Java script. Just [...]