Managing finance, information and knowledge
TABLE OF CONTENTS
1) Summary……………………………………………………………………………………………….2
2) Cash Flow……………………………………………………………………………………………….2
3) Cash Flow Forecast table………………………………………………………………………..3-4
4) Importance of working capital management…………………………………………..4 4.1) Methodologies to working capital management……………………………5
5) Benefit of information and knowledge management………………………………5-6
6) Use of ICT in Environmental scanning ……………………………………………………..7 6.1) Use of ICT in benchmarking………………………………………………………………8
8) Difference between conventional and learning organization…………………..9 8.1) Relationship between organizational learning and competitive advantage…..9-10 8.2) Competitive advantage strategy for competitors………………………………10
9) Bibliography……………………………………………………………………………………………….11
Managing Finance, Information, and Knowledge Good management practice is the vital part of business organization that brings success and future expansion of business. The strategy aids business holders to escape inadequacy and business failure. Notwithstanding the business arrangement, there must be the right individuals with right manner to assist the business obtain its goals. The manager might as well likewise have great initiative abilities with the intention that they can arrange with the accessible accounts; figure out how the business will pay its liabilities and its wellsprings of trusts.
Cash flow forecast, the term defines funds are anticipated to flow in and out of a business organization. Cash flow is an essential movement of projected funds that can expedite choice making in a business. Case in point, a profound dissection can cause a firm to choose whether to try for bank credits sometime later or to work with its inside stores. It likewise aids organization to confirm how they will meet their destiny needs, pay
1) Summary……………………………………………………………………………………………….2
2) Cash Flow……………………………………………………………………………………………….2
3) Cash Flow Forecast table………………………………………………………………………..3-4
4) Importance of working capital management…………………………………………..4 4.1) Methodologies to working capital management……………………………5
5) Benefit of information and knowledge management………………………………5-6
6) Use of ICT in Environmental scanning ……………………………………………………..7 6.1) Use of ICT in benchmarking………………………………………………………………8
8) Difference between conventional and learning organization…………………..9 8.1) Relationship between organizational learning and competitive advantage…..9-10 8.2) Competitive advantage strategy for competitors………………………………10
9) Bibliography……………………………………………………………………………………………….11
Managing Finance, Information, and Knowledge Good management practice is the vital part of business organization that brings success and future expansion of business. The strategy aids business holders to escape inadequacy and business failure. Notwithstanding the business arrangement, there must be the right individuals with right manner to assist the business obtain its goals. The manager might as well likewise have great initiative abilities with the intention that they can arrange with the accessible accounts; figure out how the business will pay its liabilities and its wellsprings of trusts.
Cash flow forecast, the term defines funds are anticipated to flow in and out of a business organization. Cash flow is an essential movement of projected funds that can expedite choice making in a business. Case in point, a profound dissection can cause a firm to choose whether to try for bank credits sometime later or to work with its inside stores. It likewise aids organization to confirm how they will meet their destiny needs, pay
Bibliography: Aaker, D. (1989). Managing assets and Skills: the key to a sustainable competitive Advantage, California Management Review, 31, 2: 91-106. Barney, J. B. (1995). Looking inside competitive advantage. Academy of Management Executive. 17, 4: 49-61. DeNisi, A. S., Hitt, M. A., and Jackson, S. E. (2003). The Knowledge Based Approach to Sustainable Competitive Advantage. New York: Oxford University press.