operations Archives - Entrepreneur Post

Inventory, Types, and Importance for Business

March 30, 2023April 1, 2023 Lisa Brown business, competitive, costs, customer demand, efficiency, finished goods, goods, inventory, managing, materials, MRO supplies, operations, production process, products, profits, raw materials, resale, tracking, types, work-in-progress

If you’re running a business that deals with buying, producing, or selling goods, then inventory management is something you can’t

Foreign direct investment (FDI) – Explained + Examples

March 16, 2023March 16, 2023 Young Entrepreneur acquisition, benefits, business, Economic growth, environmental impact, expand, FDI, foreign country, Foreign direct investment, global economy, invest, job creation, labor standards, local infrastructure, local labor, management, MNCs, multinational corporations, national sovereignty, new markets, operations, ownership, potential challenges, subsidiaries, transfer of skills

Foreign direct investment (FDI) refers to when a company or individual invests money in a business or enterprise located in

Financial Statement – Explained + Examples

March 15, 2023March 15, 2023 Young Entrepreneur accountants, accounts payable, accuracy, Apple Inc., assets, auditors, Balance sheet, business, cash, cash flow statement, Cost of goods sold, creditors, end of period, equipment, equity, expenses, financial health, financial performance, financial position, financial statement, financing activities, fiscal year, formal document, income statement, inflows, informed decisions, inventory, investing activities, investors, issuing bonds, liabilities, Long-term debt, losses, Microsoft Corp., net income, operating activities, operating expenses, operations, outflows, payments, period of time, point in time, profit and loss statement, profits, property, quarter, repurchasing shares, revenue, sales revenue, shareholders, stakeholders, suppliers, Walmart Inc.

A financial statement is a formal document that shows the financial performance and position of a business. Financial statements are

Economies of Scale – Explained + Examples

March 3, 2023March 3, 2023 Young Entrepreneur average cost, bulk, businesses, communication breakdowns, competitiveness, competitors, cost advantages, cost per unit, Diseconomies of scale, Economies of scale, economies of scope, efficiency, efficient equipment, equipment, facilities, factory, fixed costs, healthcare provider, improve competitiveness, increase efficiency, industries, large retailer, large volume, level of production, logistical challenges, lower cost, lower prices, management, management inefficiencies, market share, medical equipment, multiple locations, negotiate, operations, optimization, patient, processes, reduce costs, resources, software, suppliers, technology company, unit of production

Economies of scale refer to the phenomenon where the cost of producing a unit of output decreases as the scale

Corporate Strategy – Explained

February 22, 2023February 22, 2023 Young Entrepreneur adaptability, businesses, channels, company, competitive landscape, core competencies, Corporate strategy, customers, decisions, emerging trends, employees, environmental sustainability, evaluation, external challenges, finance, financial losses, functional strategies, human resources, internal challenges, investment priorities, leadership development, long-term goals, marketing, markets, missed opportunities, mission, monitoring, objectives, operations, organizational design, outdated, performance management, plan, products, profitability, reputational damage, Resource allocation, risk management, services, shareholders, social sustainability, stakeholder dissatisfaction, stakeholders, sustainable competitive advantage, sustainable growth, talent attraction, talent retention, technologies, top-level management, value, values, vision

Corporate strategy is the general plan that guides a company’s long-term goals and objectives. It outlines how the company aims

Capital structure – Explained

February 20, 2023February 20, 2023 Young Entrepreneur Capital structure, company, control, corporate finance, debt, equity, financial health, financing, funding sources, growth, industry, innovation, leverage, long-term success, operations, ownership, ratio, returns, risk appetite, risk profile, stage of growth

Capital structure refers to the way a company finances its operations and growth by using a mix of different types

Benchmarking – Explained in simple terms

February 16, 2023February 16, 2023 Young Entrepreneur actionable results, areas for improvement, benchmarking, best practices, clear, company, competitive benchmarking, competitiveness, competitors, continuous improvement, costly, customer satisfaction, customer surveys, data, efficiency, employee productivity, financial reports, improve, industry benchmarking, industry peers, industry publications, internal benchmarking, key performance indicators, kpis, learning, long-term process, operations, performance, practices, process, product quality, products, services, sources, strength, time-consuming, weakness

Benchmarking is a process that involves comparing a company’s performance or practices against those of its competitors or peers in

Auditing – Explained

February 15, 2023February 15, 2023 Young Entrepreneur Auditing, compliance audits, external auditors, finance, finances, financial audits, financial records, financial statements, internal auditors, investors, legal, mistakes, operational audits, operations, regulatory, regulatory requirements, trustworthy

Auditing is the process of checking financial records and other information to make sure everything is correct and meets legal