What Is Balance ScoreCard A balanced scorecard is a strategic management performance metric used to identify and improve various internal business functions and their resulting external outcomes. Balanced scorecards are used to measure and provide feedback to organizations. #BalanceScoreCard

What Are The Different Types of Risk With any kind of investment or business, there is always risk involved, somehow. Whether it be the risk of an accelerated inflation rate or a volatile stock, risk is a huge factor to examine and understand when getting into the market #WhatAreTheDifferentTypesofRisk

What is Risk Management Introduction to Risk & Risk Management CMA candidates must understand the variables of risk and how organizations can manage the possibility of loss. This free video lecture highlights some of the key elements of risk and how organizations should understand and manage the key elements of risk within their firms. #WhatisRiskmanagement

What is DUPONT Analysis DuPont Analysis is an expression which breaks ROI into three parts. The name comes from the DuPont Corporation that started using this formula in the 1920s. DuPont explosives salesman Donaldson Brown invented this formula in an internal efficiency report in 1912. #WhatisDUPONTAnalysis #spm #cmagroup4

What Is Enterprise Resource Planning Enterprise resource planning (ERP) is defined as the ability to deliver an integrated suite of business applications. ERP tools share a common process and data model, covering broad and deep operational end-to-end processes, such as those found in finance, HR, distribution, manufacturing, service and the supply chain. #WhatIsEnterpriseResourcePlanning #spm #cmagroup4

MANAGEMENT INFORMATION SYSTEM A management information system (MIS) is a computer system consisting of hardware and software that serves as the backbone of an organization's operations. An MIS gathers data from multiple online systems, analyzes the information, and reports data to aid in management decision-making. #MANAGEMENTINFORMATIONSYSTEM #spm #cmagroup4

What Is Benchmarking Benchmarking is the practice of comparing business processes and performance metrics to industry bests and best practices from other companies. Dimensions typically measured are quality, time and cost. #WhatIsBenchmarking

Benefits and Limitations of BSC if you’re reading this, you’ve likely been tasked with doing some research to figure out if the Balanced Scorecard (BSC) is the right route for your organization. Whether you’ve implemented a scorecard before but new leadership is struggling to see it as a viable option, or you’re simply trying to find a solid strategic layout going forward, it’s nice to know the benefits and considerations before you jump in. #BenefitsandLimitationsofBSC

Performance Management and Performance Appraisal Performance management is the process of identifying, measuring, managing, and developing the performance of the human resources in an organization. Performance appraisal, on the other hand, is the ongoing process of evaluating employee performance #PerformanceManagementandPerformanceAppraisal