This document provides an overview of the key differences between causation and effectuation approaches to entrepreneurship. Effectuation is a means-oriented approach where entrepreneurs leverage their own resources and form partnerships to create new ventures, viewing contingencies as opportunities. In contrast, causation takes a goal-oriented approach focused on minimizing risk, forecasting the future, and protecting ideas from competitors.
The document defines entrepreneurship as starting a new business by identifying opportunities, assembling resources, and taking on associated risks and rewards. An entrepreneur determines supply of capital, allocates resources, identifies opportunities, implements plans, and harvests rewards in a flexible manner. Their functions include risk bearing, organization, innovation, management, and decision making. An entrepreneur's performance is affected by factors like personality traits as measured by the Myers-Briggs Type Indicator, which sorts preferences into 16 types based on dimensions of extraversion-introversion, sensing-intuition, thinking-feeling, and judging-perceiving. The Trade Related Entrepreneurship Assistance and Development program aims to empower women through counseling, training,
This document introduces the concept of business engineering. It begins by providing context about increasing business complexity due to globalization. It then defines engineering as the application of science and math to solve technical problems. Business engineering applies engineering principles to business by transforming enterprises through procedure models, methods and tools. The document outlines the scope of business engineering, including enterprise modeling and frameworks. It also discusses similar bachelor's degree programs in business engineering from universities in Malaysia and Germany that take an integrated approach to business and engineering knowledge.
Cash flow is the flow of money in and out of the business. Managing your cash flow is vital for business survival and growth, even if you have existing cost savings programs in your organization.
The impact of disasters such as COVID-19 has driven the global economy into a recession and many businesses are only just trying to survive. Before taking drastic actions such as cutting salaries and staff, you might want to review your current cash flow performance to stem unnecessary cash outflow and eliminate waste in your processes.
To run your business effectively, you need to balance the timing and amount of your expenses with those of your income. This training presentation explains the various areas you need to consider when managing and improving cash flow in your business.
LEARNING OBJECTIVES:
1. Explain what cash flow means
2. Understand the cash flow cycle and importance of cash flow to a business
3. Identify major causes of cash flow problems
4. Define strategies to improve cash flow
5. Gain knowledge on eliminating waste to improve cash flow
6. Learn how to forecast cash flow
CONTENTS:
1. Introduction to cash flow
2. Causes of cash flow problems
3. Strategies to improve cash flow
4. Improving cash flow through waste elimination
5. Cash flow forecasting
To download this complete presentation, please visit: http://www.oeconsulting.com.sg
This document discusses the role of boards of directors in corporate governance. It defines corporate governance and outlines how boards can build effective governance through defining roles, putting in place governance arrangements, and ensuring proper oversight. It describes the key roles of the board chairman and CEO and discusses how board committees and instruments like charters can enhance effectiveness. The document also addresses boards' responsibilities in areas like financial oversight, risk management, and upholding legal principles of directorship.
This document discusses various topics related to entrepreneurship including:
1. Entrepreneurs recognize opportunities where others see chaos, challenge the unknown, and create the future.
2. Successful entrepreneurship is more than just a great idea - it requires taking risks, perseverance, and having the skills to execute an idea.
3. Innovation, new startups, and job creation are important contributions of entrepreneurship to economic development.
4. Entrepreneurship involves identifying opportunities, forming ventures, and managing risks, while entrepreneurs tend to be driven, creative risk-takers focused on pursuing new ideas.
10 Most Common Myths about EntrepreneushipMara Mentor
Every entrepreneur needs to be true and honest about their startup route, their skills and ability, as well as their strengths and weaknesses.
Entrepreneurs are known to be risk takers, but for the average entrepreneur themselves, they believe non-entrepreneurs are the most risk-aversive people. According to them the safest path is to take control of their own lives, to construct their own world, and not be dependent on anyone. There is something about their stories which makes people uncomfortable.
An economy that supports entrepreneurship, weakens the profession by wrapping it in destructive myths. A great number of social and cultural myths have been formed around the idea of what it really takes to be an entrepreneur.
This is a review and compilation of management concepts and ideas especially applicable to entrepreneurial ventures. www.profjorgeentrep-ateneo.blogspot.com
This document provides an overview of the key differences between causation and effectuation approaches to entrepreneurship. Effectuation is a means-oriented approach where entrepreneurs leverage their own resources and form partnerships to create new ventures, viewing contingencies as opportunities. In contrast, causation takes a goal-oriented approach focused on minimizing risk, forecasting the future, and protecting ideas from competitors.
The document defines entrepreneurship as starting a new business by identifying opportunities, assembling resources, and taking on associated risks and rewards. An entrepreneur determines supply of capital, allocates resources, identifies opportunities, implements plans, and harvests rewards in a flexible manner. Their functions include risk bearing, organization, innovation, management, and decision making. An entrepreneur's performance is affected by factors like personality traits as measured by the Myers-Briggs Type Indicator, which sorts preferences into 16 types based on dimensions of extraversion-introversion, sensing-intuition, thinking-feeling, and judging-perceiving. The Trade Related Entrepreneurship Assistance and Development program aims to empower women through counseling, training,
This document introduces the concept of business engineering. It begins by providing context about increasing business complexity due to globalization. It then defines engineering as the application of science and math to solve technical problems. Business engineering applies engineering principles to business by transforming enterprises through procedure models, methods and tools. The document outlines the scope of business engineering, including enterprise modeling and frameworks. It also discusses similar bachelor's degree programs in business engineering from universities in Malaysia and Germany that take an integrated approach to business and engineering knowledge.
Cash flow is the flow of money in and out of the business. Managing your cash flow is vital for business survival and growth, even if you have existing cost savings programs in your organization.
The impact of disasters such as COVID-19 has driven the global economy into a recession and many businesses are only just trying to survive. Before taking drastic actions such as cutting salaries and staff, you might want to review your current cash flow performance to stem unnecessary cash outflow and eliminate waste in your processes.
To run your business effectively, you need to balance the timing and amount of your expenses with those of your income. This training presentation explains the various areas you need to consider when managing and improving cash flow in your business.
LEARNING OBJECTIVES:
1. Explain what cash flow means
2. Understand the cash flow cycle and importance of cash flow to a business
3. Identify major causes of cash flow problems
4. Define strategies to improve cash flow
5. Gain knowledge on eliminating waste to improve cash flow
6. Learn how to forecast cash flow
CONTENTS:
1. Introduction to cash flow
2. Causes of cash flow problems
3. Strategies to improve cash flow
4. Improving cash flow through waste elimination
5. Cash flow forecasting
To download this complete presentation, please visit: http://www.oeconsulting.com.sg
This document discusses the role of boards of directors in corporate governance. It defines corporate governance and outlines how boards can build effective governance through defining roles, putting in place governance arrangements, and ensuring proper oversight. It describes the key roles of the board chairman and CEO and discusses how board committees and instruments like charters can enhance effectiveness. The document also addresses boards' responsibilities in areas like financial oversight, risk management, and upholding legal principles of directorship.
This document discusses various topics related to entrepreneurship including:
1. Entrepreneurs recognize opportunities where others see chaos, challenge the unknown, and create the future.
2. Successful entrepreneurship is more than just a great idea - it requires taking risks, perseverance, and having the skills to execute an idea.
3. Innovation, new startups, and job creation are important contributions of entrepreneurship to economic development.
4. Entrepreneurship involves identifying opportunities, forming ventures, and managing risks, while entrepreneurs tend to be driven, creative risk-takers focused on pursuing new ideas.
10 Most Common Myths about EntrepreneushipMara Mentor
Every entrepreneur needs to be true and honest about their startup route, their skills and ability, as well as their strengths and weaknesses.
Entrepreneurs are known to be risk takers, but for the average entrepreneur themselves, they believe non-entrepreneurs are the most risk-aversive people. According to them the safest path is to take control of their own lives, to construct their own world, and not be dependent on anyone. There is something about their stories which makes people uncomfortable.
An economy that supports entrepreneurship, weakens the profession by wrapping it in destructive myths. A great number of social and cultural myths have been formed around the idea of what it really takes to be an entrepreneur.
This is a review and compilation of management concepts and ideas especially applicable to entrepreneurial ventures. www.profjorgeentrep-ateneo.blogspot.com
Fraud can take many forms but generally involves deception for financial or personal gain. There are three main types of fraud: corruption, asset misappropriation, and financial statement fraud. Fraud is most often committed due to pressure, opportunity, and the ability to rationalize one's actions. Companies can help prevent fraud by breaking this fraud triangle through strong internal controls, monitoring, and creating a culture of integrity and accountability.
Corporate governance involves structures and processes that direct and control companies. The main objectives are enhancing shareholder value while considering other stakeholders. Governance oversees ethics and performance, whereas management handles daily operations. Weak governance undermines a company's financial and operational performance and investors' faith. Key elements of good governance include accountability, transparency, regulatory frameworks, business ethics, and administrative structures. The audit committee oversees financial reporting, external auditors, risk management, and internal controls. It helps ensure independence and integrity in financial reporting and auditing.
This document discusses fraud risk and prevention. It begins with defining fraud and identifying common fraud schemes such as asset misappropriation, corruption, and financial statement fraud. Examples of each scheme are provided. The document also discusses elements that contribute to fraud occurrence, like opportunity and incentives. Effective fraud prevention controls are then outlined, including segregating duties, competitive bidding processes, and fraud hotlines. The importance of fraud risk assessments and creating an organizational culture of integrity are also emphasized.
The document discusses fraud risk and consumer fraud management. It defines fraud and outlines the main categories. It provides data on fraud incidents and losses from regulatory reports. It then details common types of fraud like identity theft, credit card fraud, and phishing. The document outlines challenges in fraud management and provides examples of fraud attempts in Pakistan. It concludes with recommendations for financial institutions to strengthen anti-fraud culture, define clear roles and responsibilities, invest in fraud detection systems, and leverage fraud data and training to enhance consumer fraud management.
This document discusses Management Information Systems (MIS). It defines MIS as a system that converts data from internal and external sources into meaningful information to help managers make timely decisions. The document outlines the importance of MIS in providing the right information to the right people at the right time. It also discusses the components, characteristics, establishment and performance evaluation of effective MIS.
The document discusses how information technology can increase sales and foot traffic in retail outlets located in modern malls in India. It explains that information systems can support business operations, decision making, and competitive advantage. Specifically, it suggests that customer data from loyalty programs can be used for targeted marketing campaigns. Segmenting customers based on past purchases allows retailers to anticipate future purchases and advertise related products to attract more sales and visits to the malls. Suggestions are also made to ensure marketing strategies are tailored to local customers' needs and preferences.
The document discusses entrepreneurship, incubation, and innovation. It defines entrepreneurship as starting new business enterprises to identify opportunities and acquire resources. Business incubators support entrepreneurial startups through services like mentoring, funding, and shared workspaces. Incubation involves stages from pre-incubation to acceleration to help startups develop and grow successfully.
Forensic Accounting is the use of accounting skills to investigate fraud and analyze the financial information that can be useful in legal proceedings. Areas of forensic involvement fall into two categories namely litigation support and investigative accounting. Go through the slides to have a brief idea about Forensic Accounting and the common accounting fraud areas. Also know what exactly forensic accountants do.
Preventive Vigilance, Frauds & Security Measures in banksAbinash Mandilwar
The document discusses preventive vigilance, frauds, and security measures in banks. It defines preventive vigilance as adopting measures to improve systems and procedures to eliminate or reduce corruption. It outlines the objectives of preventive vigilance as exercising watchfulness to prevent untoward incidents and ensure adherence to integrity. The document also describes types of corruption in banks, vigilance measures, reporting procedures for fraud cases, and common causes of fraud in modern banking scenarios.
In this presentation, we will discuss in depth about the importance of technology in business, what IT governance is and its impact.
To know more about Welingkar School’s Distance Learning Program and courses offered, visit:
http://www.welingkaronline.org/distance-learning/online-mba.html
Money Laundering and Terrorist Financing in a Nutshell: Chapter OneMd. Moulude Hossain
Money laundering and terrorist financing guidelines have evolved over time through various international conventions and organizations seeking to combat these financial crimes (1). Key events included the 1988 UN Drug Trafficking Convention and the 1989 Financial Action Task Force on money laundering (2). Guidelines also evolved at the national level, such as Bangladesh's first anti-money laundering law passed in 2002 (3). Proper policies, procedures and programs are needed by financial institutions to comply with regulations and mitigate risks, starting with an overarching AML/CTF policy endorsed at the highest levels.
This document discusses entrepreneurship development as a common course for BCom/BBA students at the University of Calicut School of Distance Education. It covers topics such as the evolution of the concept of entrepreneur, definitions of entrepreneur and entrepreneurship, characteristics of entrepreneurs, risks involved in entrepreneurship, barriers to entrepreneurship, and factors affecting entrepreneurial growth. The document provides an overview of key concepts in entrepreneurship development.
Tips for Preventing and Detecting Employee Theft in the WorkplaceCase IQ
Timothy Dimoff is a leading expert on workplace theft prevention. He discusses that 79% of employees have considered theft and costs businesses $60-120 billion annually. Theft is often overlooked due to lack of checks and balances. Senior employees usually cause greater damage than blue-collar workers. Employees steal most due to opportunity rather than need. Thorough investigations and reducing opportunities can help prevent theft. Removing thieves, recovering losses, and prosecution are key investigation objectives.
The document discusses money laundering, including its definition, process, and risks. It defines money laundering as the process of converting illegal funds into legitimate funds and assets. The money laundering cycle involves placement, layering, and integration of funds to obscure their criminal origin. Risks to banks from money laundering include reputational, legal, operational, and concentration risks. Know-your-customer (KYC) norms and monitoring of suspicious transactions are important measures to deter money laundering.
This document defines key accounting terms and concepts related to financial statements. It explains that financial statements like the balance sheet, income statement, and statement of cash flows are used to analyze the financial condition and performance of a business over time. Various types of financial analysis like horizontal analysis, vertical analysis, and financial ratios are used to interpret these statements and evaluate metrics like liquidity, solvency, profitability, financial efficiency, and repayment capacity.
Entrepreneurial Management (EM 01) - EntrepreneurshipSuhas Dutta
This deck covers the definition of Entrepreneurship and what is means according to various thinkers, and what implications it might have. This is the second deck.
Part of the course on Entrepreneurial Management that I taught at Bangalore University last Spring (2014).
Fraud can take many forms but generally involves deception for financial or personal gain. There are three main types of fraud: corruption, asset misappropriation, and financial statement fraud. Fraud is most often committed due to pressure, opportunity, and the ability to rationalize one's actions. Companies can help prevent fraud by breaking this fraud triangle through strong internal controls, monitoring, and creating a culture of integrity and accountability.
Corporate governance involves structures and processes that direct and control companies. The main objectives are enhancing shareholder value while considering other stakeholders. Governance oversees ethics and performance, whereas management handles daily operations. Weak governance undermines a company's financial and operational performance and investors' faith. Key elements of good governance include accountability, transparency, regulatory frameworks, business ethics, and administrative structures. The audit committee oversees financial reporting, external auditors, risk management, and internal controls. It helps ensure independence and integrity in financial reporting and auditing.
This document discusses fraud risk and prevention. It begins with defining fraud and identifying common fraud schemes such as asset misappropriation, corruption, and financial statement fraud. Examples of each scheme are provided. The document also discusses elements that contribute to fraud occurrence, like opportunity and incentives. Effective fraud prevention controls are then outlined, including segregating duties, competitive bidding processes, and fraud hotlines. The importance of fraud risk assessments and creating an organizational culture of integrity are also emphasized.
The document discusses fraud risk and consumer fraud management. It defines fraud and outlines the main categories. It provides data on fraud incidents and losses from regulatory reports. It then details common types of fraud like identity theft, credit card fraud, and phishing. The document outlines challenges in fraud management and provides examples of fraud attempts in Pakistan. It concludes with recommendations for financial institutions to strengthen anti-fraud culture, define clear roles and responsibilities, invest in fraud detection systems, and leverage fraud data and training to enhance consumer fraud management.
This document discusses Management Information Systems (MIS). It defines MIS as a system that converts data from internal and external sources into meaningful information to help managers make timely decisions. The document outlines the importance of MIS in providing the right information to the right people at the right time. It also discusses the components, characteristics, establishment and performance evaluation of effective MIS.
The document discusses how information technology can increase sales and foot traffic in retail outlets located in modern malls in India. It explains that information systems can support business operations, decision making, and competitive advantage. Specifically, it suggests that customer data from loyalty programs can be used for targeted marketing campaigns. Segmenting customers based on past purchases allows retailers to anticipate future purchases and advertise related products to attract more sales and visits to the malls. Suggestions are also made to ensure marketing strategies are tailored to local customers' needs and preferences.
The document discusses entrepreneurship, incubation, and innovation. It defines entrepreneurship as starting new business enterprises to identify opportunities and acquire resources. Business incubators support entrepreneurial startups through services like mentoring, funding, and shared workspaces. Incubation involves stages from pre-incubation to acceleration to help startups develop and grow successfully.
Forensic Accounting is the use of accounting skills to investigate fraud and analyze the financial information that can be useful in legal proceedings. Areas of forensic involvement fall into two categories namely litigation support and investigative accounting. Go through the slides to have a brief idea about Forensic Accounting and the common accounting fraud areas. Also know what exactly forensic accountants do.
Preventive Vigilance, Frauds & Security Measures in banksAbinash Mandilwar
The document discusses preventive vigilance, frauds, and security measures in banks. It defines preventive vigilance as adopting measures to improve systems and procedures to eliminate or reduce corruption. It outlines the objectives of preventive vigilance as exercising watchfulness to prevent untoward incidents and ensure adherence to integrity. The document also describes types of corruption in banks, vigilance measures, reporting procedures for fraud cases, and common causes of fraud in modern banking scenarios.
In this presentation, we will discuss in depth about the importance of technology in business, what IT governance is and its impact.
To know more about Welingkar School’s Distance Learning Program and courses offered, visit:
http://www.welingkaronline.org/distance-learning/online-mba.html
Money Laundering and Terrorist Financing in a Nutshell: Chapter OneMd. Moulude Hossain
Money laundering and terrorist financing guidelines have evolved over time through various international conventions and organizations seeking to combat these financial crimes (1). Key events included the 1988 UN Drug Trafficking Convention and the 1989 Financial Action Task Force on money laundering (2). Guidelines also evolved at the national level, such as Bangladesh's first anti-money laundering law passed in 2002 (3). Proper policies, procedures and programs are needed by financial institutions to comply with regulations and mitigate risks, starting with an overarching AML/CTF policy endorsed at the highest levels.
This document discusses entrepreneurship development as a common course for BCom/BBA students at the University of Calicut School of Distance Education. It covers topics such as the evolution of the concept of entrepreneur, definitions of entrepreneur and entrepreneurship, characteristics of entrepreneurs, risks involved in entrepreneurship, barriers to entrepreneurship, and factors affecting entrepreneurial growth. The document provides an overview of key concepts in entrepreneurship development.
Tips for Preventing and Detecting Employee Theft in the WorkplaceCase IQ
Timothy Dimoff is a leading expert on workplace theft prevention. He discusses that 79% of employees have considered theft and costs businesses $60-120 billion annually. Theft is often overlooked due to lack of checks and balances. Senior employees usually cause greater damage than blue-collar workers. Employees steal most due to opportunity rather than need. Thorough investigations and reducing opportunities can help prevent theft. Removing thieves, recovering losses, and prosecution are key investigation objectives.
The document discusses money laundering, including its definition, process, and risks. It defines money laundering as the process of converting illegal funds into legitimate funds and assets. The money laundering cycle involves placement, layering, and integration of funds to obscure their criminal origin. Risks to banks from money laundering include reputational, legal, operational, and concentration risks. Know-your-customer (KYC) norms and monitoring of suspicious transactions are important measures to deter money laundering.
This document defines key accounting terms and concepts related to financial statements. It explains that financial statements like the balance sheet, income statement, and statement of cash flows are used to analyze the financial condition and performance of a business over time. Various types of financial analysis like horizontal analysis, vertical analysis, and financial ratios are used to interpret these statements and evaluate metrics like liquidity, solvency, profitability, financial efficiency, and repayment capacity.
Entrepreneurial Management (EM 01) - EntrepreneurshipSuhas Dutta
This deck covers the definition of Entrepreneurship and what is means according to various thinkers, and what implications it might have. This is the second deck.
Part of the course on Entrepreneurial Management that I taught at Bangalore University last Spring (2014).