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Job Description of Factory Manager

Every company comes with different employees who have different roles and obligations for the company. A factory manager is one of the most important roles that a manufacturing corporation should have.

A person who has this position has a big responsibility to the company and to the other employees. To know more about this job, you have to find out the job description of factory manager.

Job Description of Factory Manager: The Nature of His or Her Job. The main responsibility of a factory manager is to be the supervisor of the factory or plan operations. He or she will be the leader of the technical resources group and he or she will be obliged to coordinate with different peer groups inside the company. Continue reading →

Key Elements of Portfolio Management

One of the most important yet confusing topics in the field of project management is portfolio management. However, if understood well, it will just be very simple to apply. But what is a portfolio by the way? A portfolio is a collection of related or non-related programs and projects. In order to effectively manage those programs and collections, portfolio management is done.

If you are tasked to manage the programs and projects of your company, you need to be knowledgeable and skillful in managing your portfolio. The following are key secrets to a successful and effective portfolio management:
Selection

The very first thing that an organization or company needs to do is to choose and approve which projects or programs will go inside the portfolio. Usually, a portfolio is designed to successfully accomplish a certain business goal or objective, so the selection criteria must meet that goal or objective. Continue reading →

Fundamental Strategies on Merger and Acquisition

Merger and acquisition also known as M&A is considered as one of the most unusual aspects of business and finance. To be specific, merger is when 2 companies of equal size decides to join together in order to boost their sales and profits. Both surrender their stocks and new stock is issued.

On the other hand, acquisition is when a company that struggles financially gets purchased by a larger one, who then gets all of the former’s stock and makes it as a core part of their business.

Acquisition is more likely to be dry, as one entity always purchases the other. More often, this can be friendly and decided by both. However, there are times that a company is purchased out even though it is unreceptive to the idea. Continue reading →

Key Components of Management Accounting

Management accounting, in accordance with the Chartered Institute of Management Accountants (CIMA), is the procedure of recognizing, gauging, gathering, studying, researching, analyzing and communicating of information utilized by the management to plan, evaluate and control within body and to ensure proper use of and liability for its resources.

It also includes the preparation of financial reports for non-management groups such as tax authorities and regulatory agencies.

On the other hand, The American Institute of Certified Public Accountants (AICPA) says that management accounting, as a practice extends to three areas such as: Continue reading →

Fund Management and Funding Strategy

One of the most important aspects in a business is fund management because this can make or break everything. Nothing is sure in this world, so you should not let your business be caught off guard of potential damaging factors. Fund is the lifeblood of any business, so you have to manage it well or else, you might lose everything in just a split of a second.

If you are a novice investor or businessman, the more you should learn the art of effective and successful fund management. In the succeeding paragraphs, you will know more about it and its underlying principles.

Experts say that a good fund management is highly essential in giving an investment portfolio that is adequately diversified in order for you to successfully alleviate investment and maximize the returns that your business has achieved. Continue reading →

What is Financial Risk Management?

One of the most essential undertakings in any business venture is financial risk management, as it ensures that your business’ goals and objectives will be attained successfully.

As such, you have to set up a team of experts and professionals who have knowledge and expertise on the different financial aspects.

This team will come up with effective and advanced strategies that can map out the ways on how the company will be able to maximize its profits and avoid falling into risks. However, many may be wondering on what benefits a certain company will enjoy by simply coming up with a strategic finance risk management plan. Continue reading →