Module 1
Module 1
Problem-solving: They see a particular issue that they feel they can
solve.
Exploit Ideas: They have a new idea product that can be successful
Filling a gap: They see a gap in the market they believe they can fill.
Competitive pricing: They believe they can produce something on the
market cheaper and offer it at a lower price.
Knowledge-based. Where they believe they can supply specialist
knowledge that customers will pay for.
Types of Management
• Sole proprietor
• Partnership
• Sale
• Marketing
• Finance
• Accounting
• Customer service
• Human Resources
There are several domains in the EPM field which are driven
by corporate initiatives, academic research, and commercial
approaches. These include:
• Strategy formulation
• Business planning and forecasting
• Financial management
• Supply chain effectiveness
According to Gartner
• Design overview
• Control Blocks
• Modules
• Exits
• Trace
• Table management strategies
Design overview
There are different classifications for finance functions, and it varies with
organization types. The finance department functions like bookkeeping,
budgeting, forecasting, and management of taxes, and the finance manager
functions like financial report preparations contribute to the overall
financial wellbeing of an entity. Let’s look into some of the popular
classifications.
Investment decision