3. What is an Enterprise?
Enterprise refers to a for-profit business started and run by an
entrepreneur.
The roots of the word lie in the French word entreprendre
(from prendre), meaning ‘to undertake’, which in turn comes
from the Latin “inter prehendere” (seize with the hand).
4. Aims of an enterprise
Entrepreneurs usually start an enterprise – with the associated risks – to
make a profit, and for one of several reasons:
Problem-solving: They see a particular issue that they feel they can
solve.
Exploit Ideas: They have a new idea product that can be successful
Filling a gap: They see a gap in the market they believe they can fill.
Competitive pricing: They believe they can produce something on the
market cheaper and offer it at a lower price.
Knowledge-based. Where they believe they can supply specialist
knowledge that customers will pay for.
5. Types of Management
• Sole proprietor
• Partnership
• Private Limited Co.
• Public Limited Co.
7. There are several domains in the EPM field which are driven
by corporate initiatives, academic research, and commercial
approaches. These include:
• Strategy formulation
• Business planning and forecasting
• Financial management
• Supply chain effectiveness
8. According to Gartner
EPM is the process of monitoring performance across
the enterprise with the goal of improving business
performance. An EPM system integrates and analyzes
data from many sources, including, but not limited to, e-
commerce systems, front-office and back-office
applications, data warehouses and external data
sources. Advanced EPM systems can support many
performance methodologies such as the balanced
scorecard.
9. What exactly is Gartner?
Gartner is an Information Technology (IT) research and
consultancy company, formerly known as Gartner Group.
Gartner's corporate divisions include Research, Executive
Programs, Consulting and Events. The company's two main
data visualization and analysis tools are Gartner Magic
Quadrants and the hype cycle.
It aims to distill large volumes of data into clear, precise
recommendations so our clients can formulate plans or make
difficult business decisions.
10. IBM Table Manager 1
The table manager controls the locating, adding,
deleting, locking, and unlocking of entries in certain
CICS tables. These operations can be performed while
CICS is running.
11. Functions of IBM Table Manager 1
• Design overview
• Control Blocks
• Modules
• Exits
• Trace
• Table management strategies
12. Design overview
Locating, adding, deleting, locking, and unlocking entries in
tables such as the terminal control table (TCT) are performed
by the table manager program.
Entries in these tables are also called “resources”. Because
the structures of tables vary as entries are added or deleted,
and a quick random access is required, a hash table
mechanism is used to reference the table entries. In addition
because fast access is needed for generic locates and ordered
lists of entries, a getnext chain with a range table is used.
13. Design overview
Locating, adding, deleting, locking, and unlocking entries in
tables such as the terminal control table (TCT) are performed
by the table manager program.
Entries in these tables are also called “resources”. Because
the structures of tables vary as entries are added or deleted,
and a quick random access is required, a hash table
mechanism is used to reference the table entries. In addition
because fast access is needed for generic locates and ordered
lists of entries, a get next chain with a range table is used.
15. Finance function in an organization
The finance function refers to practices and activities directed to manage
business finances. The functions are oriented toward acquiring and
managing financial resources to generate profit. The financial resources and
information optimized by these functions contribute to the productivity of
other business functions, planning, and decision-making activities.
16. Finance function in an organization
The finance function refers to practices and activities directed to manage
business finances. The functions are oriented toward acquiring and
managing financial resources to generate profit. The financial resources and
information optimized by these functions contribute to the productivity of
other business functions, planning, and decision-making activities.
17. Key takeaways:
• The finance function in business refers to the functions intended to
acquire and manage financial resources to generate profit.
• It produces relevant financial resources and information contributing to
the productivity of other business functions, planning, and decision-
making activities.
• The four major types of financial decisions are investment, liquidity,
financial, and dividend decisions.
18. Types of Finance functions
There are different classifications for finance functions, and it varies with
organization types. The finance department functions like bookkeeping,
budgeting, forecasting, and management of taxes, and the finance manager
functions like financial report preparations contribute to the overall
financial wellbeing of an entity. Let’s look into some of the popular
classifications.
19.
20. Investment decision
The investment decision function revolves around capital budgeting
decisions. Capital budgeting in an organization involves the analysis of
investment opportunities, specifically long-term projects, and associated
cash flows, to determine the profit potential. They revolve around making a
sound investment that must ripe sufficient and sometimes maximum returns
for the business in the long run. Hence these decisions are challenging and
complex. Payback Period, Net Present Value (NPV) Method, Internal Rate
of Return (IRR), and Profitability Index (PI) are the popular methods to
carry out capital budgeting.
21. Financing decision
Expertise in forming financing decisions leads to optimized capital
structure, enhanced performance, and growth. Financing functions deal
with acquiring capital (like when and how) for the various functioning of
the entity, like whether to use equity capital or debt to finance business
events. The debt and equity mix of an entity are called its capital structure.
The financing decisions always focus on maintaining good capital structure
ratios.
22. Dividend decision
Companies share profits with their shareholders in the form of dividends.
There are different types of shares, shareholder’s dividends, and dividend
policies. Furthermore, a company’s dividend policy influences the
company’s market value and stock prices. Hence dividend decision,
including the division of net income between dividends and retained
earnings, is an important function.
23. Liquidity decision
Liquidity decision generally revolves around working capital decisions and
management. Therefore, the priority is managing current assets to follow
the going concern concept. The lack of liquidity results in issues like
financial crisis and insolvencies. At the same time, a lot of liquidity can
also lead to more danger. Hence, it is important to have the right mix of
current assets and current liabilities.