Economy         No comments

Benchmarking is the process of comparing one’s business processes and performance metrics to industry bests and/or best practices from other industries. Dimensions typically measured are quality, time, and cost. Improvements from learning mean doing things better, faster, and cheaper.
Benchmarking involves management identifying the best firms in …

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Business simulation games, or ERP Simulation Game ,economic simulation games, are games that focus on the management of economic processes,[5] usually in the form of a business. “Pure” business simulations have been described as construction and management simulations without a construction element,[2] and can thus be called management simulations.[2] Indeed, …

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De Geus was born in Rotterdam in 1930. He joined Royal Dutch/Shell in 1951 and remained there until his retirement in 1989. During his tenure as head of Shell’s Strategic Planning Group, the department made important advancements to the ideas of portfolio analysis (i.e. Directional Policy Matrix) and scenario …

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College loan consolidation is an option for post graduates carrying high debt levels. By consolidating multiple loans graduates can reduce monthly payment amounts, obtain a lower rate of interest, and eliminate the stress of managing multiple payment dates.
College loan consolidation is available for both private and federal student tuition. Private …

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The Ellsberg paradox is a paradox in decision theory and experimental economics in which people’s choices violate the expected utility hypothesis.[1] It is generally taken to be evidence for ambiguity aversion. The paradox was popularized by Daniel Ellsberg, although a version of it was noted considerably earlier by John Maynard …

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The Allais paradox is a choice problem designed by Maurice Allais to show an inconsistency of actual observed choices with the predictions of expected utility theory.
In identical experiments, an Allais paradox occurs when the addition of an independent event influences choice behavior. Consider the choices in the following …

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Jack Trout is an owner of Trout & Partners, a consulting firm. He is one of the founders and pioneers of positioning theory, and also marketing warfare theory.
He spoke at the 2008 World Knowledge Forum, 2008.10.16, Seoul.
Bibliography
* Jack Trout
o In Search of the Obvious: The Antidote for Today’s Marketing Mess …

 MBA Tips         No comments

It is well known to us that top stars all like collecting luxury, and their dressing, no matter on the stage or in the street snap, usually can lead the fashion of the world. Lets have a count!
Number One: Diamond
Undoubtedly, diamond is …

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Ants are social insects of the family Formicidae (pronounced /fɔrˈmɪsɨdiː/) and, along with the related wasps and bees, belong to the order Hymenoptera. Ants evolved from wasp-like ancestors in the mid-Cretaceous period between 110 and 130 million years ago and diversified after the rise of flowering plants.[3] …

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Before you read this post,you have to know what is Balanced Scorecard.Besides, Balanced Scorecard Examples also help you understand Balanced Scorecard easily.

A balanced scorecard provides support for the businesses when it comes to their performance management. This all starts with the expression of the strategic intent of the …