Technological innovations in production involve applying the work of scientists and business researchers to develop new products, processes and solutions.
Posts published in “Year: 2024”
A change in production method can be caused by numerous reasons. Internal and external factors can push a company to change production methods.
Should you own your home or rent? In my opinion, home ownership is everything. It just makes a lot of sense to own your own house.
One of the most important production decisions is the choice of production method and the factor inputs. What factors will influence the choice?
This article describes my family's assets and liabilities which are two major components of every Balance Sheet. Here are is my family's Balance Sheet.
A production system in which all production operations are controlled by computers. Producing product relies heavily on automated production systems.
Best way to 'follow big money' is to develop your own investment or trading strategy based on your risk tolerance, goals, and knowledge.
Business Process Management (BPM) is a disciplined approach to improving the efficiency, effectiveness, and agility of business processes.
‘The borrower is always a slave to the lender’. I refuse to be that slave. Living without borrowing money and being in debt helps me sleep well.
A production system in which production operations are mainly done by machinery and equipment. A larger proportion of capital input is used in the production process.
Determining the 'world's largest companies' depends on how you define 'largest'. It depends on what aspect of you consider most important.
The title of 'World's Most Valuable Brands' can be a bit tricky, as different organizations use different methodologies to rank them.
Asset Management Companies are firms that combine funds from their individual clients to invest the capital into different investments.
I talk about saving rate of my family. I love saving money. It gives me some sort of internal sense of achievement, the feeling of safety and security.
Enterprise Resource Planning (ERP) uses a company-wide computer software system to manage resources. The use of a single computer application.
I am building the money-making machine – growing the snowball by accumulating new cash and old cash from active income and passive income.