Break-Even Analysis: Another form of financial analysis is breakeven analysis. It is a technique for finding a point at which a project will cover its costs, or break even. It is often used to make an initial decision on whether to proceed with a project. Breakeven analysis is also a technique of financial control in the sense that further analyses [...]
This article throws light upon the top six methods for enhancing productivity growth. The methods are: 1. Stimulating Research and Development 2. Placing more Emphasis on Manufacturing 3. Changing Incentives for Making 4. Increasing Labour-Management Co-Operation 5. Tightening Existing Controls 6. Change in Government Policies. Method # 1. Stimulating Research and Development: Almost everyone agrees that an economy as a [...]
This article throws light upon the top two techniques for monitoring managerial performance. The techniques are: 1. Management Audits 2. Human Resource Accounting. Technique # 1. Management Audits: Just as financial audits are checks of an organisation's financial and accounting procedures, a management audit is a check of an organisation's management procedures. To be more specific, a management audit is [...]