Time Series Analysis
A time series is a collection of observations that have been taken and measured over a period of time. We outline this important statistical technique, here.
Business Operations and Process Management
Discover more about the key organizational functions that help a business to run smoothly, and the processes and procedures that underpin a culture of safety, productivity and continuous improvement.
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Leasing Assets
In making purchasing decisions for your budget, you may want to explore the benefits of leasing compared to purchasing equipment outright. This document gives you an overview of how leasing works and the two different types of leases: finance leases and operating leases.
An Overview of Process Design
It is essential that organisations have robust processes in place to meet the needs of their customers. Effective process design is, therefore, key to the success of any organisation, and should be an integral element of any continuous improvement initiative. Here, we discuss what is involved in process design and introduce some fundamental design types.
Understanding Behavioral Incentives
This article looks at behavioral incentives, which can be used by organizations to drive employee behavior. However, they can be challenging to get right, and often drive undesirable behaviors. This article offers practical advice on how to develop and implement behavioral incentives effectively.
Different Types of Costs
There are many types of cost you might have to consider in budgeting and managing your team’s financial performance. This document gives you a quick overview and examples of fixed and variable costs and also sunk and opportunity costs.
Top Tips for Negotiating Your Budget
Your more senior colleagues may have to approve your budget and, on reviewing it, may not agree with what you have drawn up. These top tips will help you justify your figures and negotiate your budget with your colleagues.
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What Effect Does Capitalization Have?
Do you want to consolidate what you have learned about revenue and capital cost? Would you like to work through a practical scenario to prove to yourself the differences between the two costs? Use this simple exercise to help apply your learning. It will take you around 15 minutes to complete.
Top Tips: Presenting Financial Information
These top tips will help you to present financial information in a clear and confident fashion.
Linking Your Budget to Your Strategy
This document will help you fill in the numbers in your budget. It compares and contrasts two different approaches to budgeting: incremental budgeting and zero base budgeting. It will help you decide whether you should use historic data as the basis for your budget or if you should start afresh.
Behavioral Economics
An introduction to the subject of behavioural economics including key principles, plus some of the leading thinkers in this field.
An Introduction to the Key Financial Documents
This article gives you an overview of the three main reports that are used to outline the finances of an organization: the profit and loss account, balance sheet and cash flow forecast. It explains the information they contain and what they are used for.
When to Make, Buy, Subcontract or Outsource
The production capacity of all organizations is limited by its resources. In making decisions about the production of goods and services, you may have to decide between making, buying, subcontracting, or outsourcing.