Business Terms

What is Financial Risk Management? Definition, Analysis and Approaches

Financial Risk Management Definition: Financial risk management refers to the process of financially viable value in any organization. Financial instruments are put in use to assist the management team to manage disclosure to risk, principally credit risk and market risk. Other risks include equity risks, supplier risks, customer risks, partner risks, financing risks, liquidity risks …

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What is Risk Management Process? Overview, Definition and Process Steps

An Overview – Risk Management Process Definition: Out of many overview and introduction definitions, one of the well accepted descriptions of risk management is the efficient approach to locating the optimal course of action under ambiguity by identifying, recognizing, assessing, considering, acting on and communicating concerns related to risk. An effective and efficient risk management …

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Risk Management Plan? Definition, Purpose, Template and Examples

Risk Management Plan Definition: Risk management is an enduring process that prolongs through the life of a project. It entails processes for risk management planning, identification, examination, supervising and administer. Many of these procedures are efficiently updated all the way through the project’s lifespan. The modernization of risk management is essential for new risks can …

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What is Risk Management? Definition, Standards, Methods and Principles

Risk Management Definition: The process of identification, classification, assessment, and prioritization of risks is broadly defined as risk management.  Further it is pursued by synchronized and economical application of resources, not only to reduce, supervise, manage and improvise the likelihood and impact of untoward proceedings but also to capitalize the comprehension of opportunities. In one …

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What is Business Financial Planning? Definition, Examples and Process

Business Financial Planning Definition: In the words of Wheeler, “The overall assessment, acquisition, and conversation of capital funds to accomplish important objectives of a business enterprise including the financial requirement is called business financial planning”. Business financial planning is the most important ingredient if you wish to accomplish your business goals.  Specifically speaking about business, …

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What Is Lean Startup? Definition, Examples, Methodology, Process and Limitations

Lean Startup Definition: It can be defined as the ideal methodology that helps to get the actual needs of a customer and provides a frame to manufacture and sell your product. It saves an entrepreneur to invest time and efforts on the things that are not likely to click in a customer’s mind and prevents …

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What is a Startup? Definition, Examples, Where to Create and Manage Startup Operations

In this business world, it is common to hear at some point about the companies “startups”. What are they and how they work exactly? Basically, a beginning or a starting stage of a new business or company that has just started developing. Let’s analyze the startups. More and more people are deciding to open their own …

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What is Business Finance with Examples

Business Finance Definition: Business finance comprise an area of finance that focuses particularly on the way in which large companies have the ability to create and sustain a certain value by making efficient use of all resources; They are strongly linked to disciplines such as economics and accounting. The main objective possessing business finance is …

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What is Communication Strategy? Definition, Examples, Techniques, and Types of Barriers

Communication Strategy Definition: It is a concept or a workflow or a design developed for an effective communication to meet business objectives and long term goals of an organization is called as “Communication Strategy”. This is how the company organizes its communication, i.e. the lines of communication. The preparation of a communication strategy requires a …

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What is Business Communication? Definition, Examples, Benefits and its Importance

Business Communication Definition: Corporate or “Business Communication” is the communication that comes from a company, NGO, organization or institution and directed to their various public-goal. These may be internal-employees, shareholders, etc. or external (customers, media, governments, business associations, universities, general public, etc.) Business Communications, therefore, serves as a link between an organization and its publics. …

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