The currency does not have a real value, it has a repressive value of the wealth of the country from where it is, that is why when it comes to monetary devaluation, the decrease in the nominal value of a specific currency must be understood when compared to a currency of another country. There are … Read more
Technology has transformed the entire recruitment and job search program, for better or worse, in the administration of human resources . For recruiters and hiring administrators, it is easier than ever to find candidates that fit your company’s niche skills or even influence applicants who may not be looking for work quickly. Job seekers even … Read more
The letter of credit is an international means of payment issued by a commercial bank. Letters of credit are documents issued by commercial banks to guarantee the payment of merchandise. This indicates to the seller or exporter that, in compliance with the conditions of the contract, the issuing bank is responsible for the disbursement of … Read more
In the economic field, auditing involves evaluating and measuring in depth the characteristics of an organization in order to show its weaknesses and strengths taking into account a number of factors, such as efficiency and profitability. Audit means the action of analyzing in an exhaustive and detailed way different characteristics of a business or a … Read more
The Economic Resources are not more than each one of the necessary inputs, and required by a company, to give fluidity to the process of production of goods for consumption or, for the provision of a service. From the theoretical point of view of the economy, economic resources are part of the productive factors with … Read more
Anti-dumping is a commercial policy that prevents companies from dumping in the domestic market. Anti-dumping is a commercial policy used by States. This, in order to prevent foreign products from being sold in the local market at a lower price than the manufacturing cost. Avoiding thus, a damage to the local industry by unfair competition. … Read more
A compliance audit is that audit modality in which it is thoroughly verified that a company or institution complies with the regulations and legislation corresponding to its sector, environment or territory. Through the performance of a compliance audit, many companies of all types have a good practice control and security tool. This type focuses on … Read more
The financial capital is the total amount of assets a company has, first subtracting liabilities to assets, and the resulting figure is the heritage obtained. Keep in mind that financial capital is the amount of money invested in various financial entities and not in production processes. The money previously invested in financial institutions would be … Read more
A business strategy seeks to establish an action plan for the development of a competitive advantage of the company with which it can achieve growth and expansion in the market, also causing the reduction of its competition. Regarding the term Global, it refers to the commercial activities that the company deploys externally in a country … Read more
The operational audit is that focused on thoroughly evaluating the use of the resources that an organization has and if it efficiently and in a quality way achieves its set objectives. Through the performance of an operational audit companies and institutions of all kinds have the possibility to study whether they work in a manner … Read more
The organizational climate is the labor and personal relationship that is carried out in every workplace. Depending on whether it is developed in a company or in an institution, it will be possible to measure or evaluate the performance it has, the achievement of its objectives and its quality in goods or services. If the … Read more
The competitiveness applied to a company can be understood, or rather defined as profitability equal to or greater than the rival we have in the market. We can also define business competitiveness as the capacity to grow, innovate, penetrate and consolidate in the market. When we talk about business competitiveness, it can be said that … Read more
The financial expenses are those that are produced by third party financing agents or by charging various services for certain corporate finance activities such as the production of this. Companies or people with businesses use this tool regularly to start up their commercial or productive activities. The financial expenses are being resources or money from … Read more
The macroeconomic indicators they are economic statistics that are periodically released by government agencies and private organizations. These indicators provide information on the economic performance of a particular country or region and, therefore, have a significant impact on the foreign exchange market and commercial operations. Most important of macroeconomic indicators Is he macroeconomic indicator more … Read more
The command unit is a management principle coined by Henri Fayol, which indicates that an employee must receive orders from a single superior. One of the 14 principles of Henri Fayol’s administration is the command unit. The importance of this principle is that its absence can affect the other principles. Principles such as authority and … Read more
The preference of companies in the market today, is to offer a multitude of products, thus raising their productive efficiency and diversifying risks. Many companies manage their marketing through product portfolios , the elements that make up the company’s portfolios are known as business units. For any company it is important to handle in detail … Read more
The digital revolution has also reached the publishing sector, and it is increasingly common to exchange the paper book for the digital book. Publishers must adapt to the new times, leave static websites behind and bet on a digital marketing strategy that allows them to compete with other publishers, however great they may be. If … Read more
The financial intermediaries are specialized institutions that bridge in financial operations. As the name implies, its main function is to be intermediaries between two parts of the market, those who wish to save their funds and invest them, and those who wish to apply for a loan. They usually raise funds in the short term … Read more
The chain of command is the relationship that exists between the set of superiors on whom information flows and decision making. The chain of command is related to the command unit. The command unit states that each employee receives orders from a single superior. The chain of command concept is an even broader concept than … Read more
Faced with a global economy like the current one, with so much competition, companies are looking for a competitive advantage, which is generally based on cost leadership, which allows the company to offer products or services at the lowest market cost. The challenge of the cost leadership strategy is to obtain a convenient benefit for … Read more
Advertising is an essential element in any business or organizations, so it represents an element that must be present within the strategic and investment plans that the company undertakes. Direct communication with the consumer market is established with it, it tells you what the company does, how it does it and where it finds it, … Read more
The Collaborative Economy is a form of exchange between at least two parts basically. One that has something and another that needs that something. The principle is that by avoiding the use of money, both parties obtain a benefit. One of the parties can get that something they need, in exchange for a good or … Read more
The gallon (symbol gal ) is a unit of volume that is used in Anglophone countries (especially the United States ) or influenced by them (such as Liberia, Guatemala, Panama, Honduras, Nicaragua, El Salvador and Colombia ) to measure volumes of liquids, mainly gasoline and its price. Formerly, the volume of a gallon depended on what was measured, and where. However, in the nineteenth century two definitions of commonly used were: “gallon of wine” … Read more
One of the obligations of the head of any company is the equitable distribution of workload among all its employees. However, this cast is never easy and we can create some discomfort in the template. On the one hand, workers with a work overload that do not give enough; on the other hand, low-load employees … Read more
We all know Skype thanks to the way in which it has connected us with many people anywhere in the world. However, given the growing demand for international connections in the workplace, meetings, conferences and information exchange, in which executives from their roles demand direct and fluid communication despite not being in the same place, … Read more
The practice of the call performance evaluation It’s not new, from the moment the man delegate One job to another, that job began to be evaluated. For years, administrators focused on machine efficiency, as a central point to increase productivity, this theory failed to solve the obstacle of increasing the efficiency. From the beginning of … Read more
Companies constantly think about how to get the most out of their strategies marketing, and one of the latest trends is the co-branding. We refer to one strategic alliance and temporary between companies to improve your profitability and positioning. We must take advantage of the power and value of the brand, and we have a … Read more
An ERP software can be a very beneficial tool for any company thanks to the implement it provides for its efficiency and the simplification it offers for the information, decisions and effectiveness linked to them. That is why we want to give you some examples in this article about how they can help you and what factors you … Read more
When managing a business, regardless of its turn and trajectory, it is important to complement human talent with technological tools. For that reason, you need to know what an ERP is! An enterprise resource planning system or ERP (Enterprise Resource Planning) is an administration system that optimizes all operational processes and improves the labor productivity … Read more
The Private limited company, also known as LTD, is a type of Mercantile Society that is regulated in the Capital Companies Law and that is mainly characterized by limiting the liability of its partners to the capital contributed. In this way, the Limited Company constitutes an excellent way to protect the personal assets of its … Read more