Strategy and Environment

This post would discuss about how strategy of a company is affected by environment using example of Lehman Brothers. Lehman Brothers was a global financial service firm. Before bankruptcy in 2008, it was the largest investment firm in the USA (Aikman, 2010). Negligence of external factors is the reason behind the bankruptcy of Lehman Brothers. External factors Decline in the price of real state developed mortgage crisis in the USA. It is one of the reasons that are affected Lehman brothers, which was not predicted by the bank in advance. Due to mortgage crisis, interest rates were increased by Lehman Brothers on housing loans. This situation...

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Business Excellence Model

Business Excellence Model evaluates the performance of firms and explores actions for the improvement (Kanji, 2002). Organization can use BEM to increase the performance in following ways:Performance Measurement Tool Organization can use the Business excellence model as a performance assessment tool such as benchmarking or audit framework. Through using the business excellence model, company can evaluate the gap existed between actual and standard performance. After identifying the gap, can take necessary actions for performance improvement (Groves, Herbert, Correll & Correll, 2008).Utilization of Resources Company can use the business excellence...

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Sources for Obtaining Industry Norms to Compare Financial Ratios

 There are various sources for obtaining industry norms to compare financial ratios that include websites such as bizstrat.com, Business census.gov, Economic Census: Concentration Ratios, Google Finance and Yahoo Finance Stock Screener. The information is also available in various financial books such as Building Financial Model, Business Ratios and Formulas, Decoding Financial Statement, The Lender’s Tool Kit, Smart Financial Management (Helfert, 2001).Assignment Help The investor has to be aware of some limitations, when using industrial comparison such as inflation should not be badly distorted, uses of different accounting practices...

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Developing Internet Strategy

E-commerce is an important concept of every emerging business at it helps the organizations to buy and sell the products over electronic system with the help of internet. It increases the sales of the organization and helpful in connecting the customers with the organization (Pinto 2003). This report explains about the uses of internet and e-commerce site for the small firm like small retail store owned by an individual person. This post helps the readers to understand the impact of web site on the sales of the firm and how the web site attracts more customers to be the part of the firm.Internet business model is majorly classified into four...

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Business, its Environment and Objectives

Business refers to the regular production or purchase and sale of goods undertaken with an objective to earn profit and acquiring wealth through the satisfaction of human wants. Every business requires some form of investment and a sufficient number of customers to whom its output can be sold at profit.Business and its Environment Environment refers to all external forces that have a direct bearing on the functioning of a business. Objectives can be decided after understanding the environment in which the business runs. Both the business and its environment are responsible to each other. There are various segments of the environment that may...

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Trendless Data Forecasting

Trendless data can be evaluated with the help of single exponential smoothing technique. This technique can be implemented on time series data to make the forecast or to smooth the data for presentation. It exponentially decreases the weight over the time and can be implemented for analyzing the financial market or economic data (Guire 2011).Centered moving average can be computed by averaging the past and future data for a given time point but at the time of forecasting the future is typically unknown therefore this method cannot be used for forecasting. On the other hand, trailing moving average can be set on most recently available data set...

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Forecasting

Forecasting is a technique for finding the future needs, by examining the historical data and trend. It is an unbiased estimation for future demand of various variables such as sales, production etc., on the basis of past data and experience. Simply, extending the past data into future using time line is not forecasting, judgment is very much essential for forecasting (Kurtz 2010). Forecasting technique is imperative to improve the communication in the organization as forecasting requires information from the different departments. Cross functional approach of forecasting is used, where independent forecasting group conduct the forecasting by...

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