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Financial controllers consider that departmental and general managers do not have enough business skills – and finance skills in particular – to optimise costs and revenues and hence maintain profits. Research l...
The results of this paper indicate that striving for attainment is one of the main motivational factors for the achievement of financial literacy and development of financial management skills.
Integrating agent based modeling with learning results in a promising methodology to model the behavior of financial markets.
The study finds that the financial management skills development interventions on offer are generalised and limited in reach.
Suggests that the literature contains few examples of how to apply such skills in an accounting environment and how to teach such skills as efficiently as possible.
This paper argues that there exist many opportunities for Multitask Learning especially in the world of financial modeling: It has been shown, that many interdependencies exist between international financial markets, different market sectors and financial products.

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Question about skills of the Students?
5 answers
Students today need to acquire a diverse set of skills to thrive in the modern educational and professional landscape. The international educational policies outlined by UNESCO, OECD, and the European Commission emphasize the importance of digital and social skills, lifelong learning culture, citizenship, and ecology learning for students and educators alike. Additionally, the assessment of ICT skills among undergraduate students reveals a gap between perceived and actual skill levels, highlighting the need for students to sharpen their IT skills before entering the workforce, while universities should encourage the application of IT knowledge and skills. Furthermore, research on ninth-grade students suggests that developing questioning skills through informative texts is crucial for their educational advancement, emphasizing the significance of questioning abilities at different educational stages.
What are the factor that influence individuals' spending behavior,?
5 answers
Various factors influence individuals' spending behavior. Cultural, social, personal, and psychological factors play significant roles. Additionally, family background, attitude, lifestyle, and financial knowledge also impact spending habits. Consumers are influenced by their culture, subculture, social class, family, personality, and psychological factors. Understanding these influences helps organizations tailor marketing strategies to meet consumer needs effectively. Personal budget is a dominant criterion affecting consumer habits, emphasizing the importance of personal and psychological factors in shaping spending behavior. By recognizing and comprehending these factors, brands can develop more efficient marketing messages and campaigns that align with consumer preferences, ultimately increasing sales.
What is the impact of globalization on organizational strategic management decision?
5 answers
Globalization has significantly influenced organizational strategic management decisions by necessitating new approaches to human resources management. The challenges posed by globalization, such as population mobility, staff turnover, and the impact of migration processes, require organizations to adapt their strategic management practices to remain competitive. Global organizations must adopt a dual approach, with headquarters focusing on integrative global strategies while allowing decentralized foreign subsidiaries to handle operational decisions, fostering collaboration and trust among executives. Moreover, the complexity introduced by globalization demands that companies in Ecuador and beyond innovate, adapt technologies, and prepare their workforce to maximize economic benefits and efficiency. Environmental uncertainty created by globalization further complicates strategic planning, emphasizing the need for organizations to consider a multitude of factors when making decisions.
What is the definition of corporate crisis?
5 answers
A corporate crisis can be defined as a significant event or situation that poses a threat to the reputation, operations, or financial stability of an organization. Such crises can arise from various factors, including financial distress, operational failures, negative publicity, or external threats. Corporate crises necessitate effective crisis communication strategies, utilizing marketing instruments and public relations technologies to manage the situation and protect the organization's intangible assets, such as goodwill and reputation. In the face of a crisis, corporate advertising can play a crucial role in influencing stakeholders' perceptions and responses, potentially mitigating the negative impact of the crisis and shaping future interactions with the organization. Additionally, integrating non-financial indicators related to corporate governance into crisis prediction models can enhance the accuracy of forecasting financial distress and potential crises.
What is the definition of management?
5 answers
Management can be defined as the process of planning, organizing, staffing, directing, and controlling activities within an organization to achieve common goals systematically. It involves steering influences on market, production, and resource operations, addressing both people and non-people issues, and is carried out by multiple organizational actors through norm-setting or situational intervention to achieve unit objectives. Management is also about realizing goals through people, work, and systems, focusing on human resources as crucial elements for success. Furthermore, management represents a company's interests as an independent legal entity, with members bound by fiduciary duties to act in the company's best interests and avoid conflicts of interest. The concept of management has evolved through historical struggles and negotiations, with its benefits and purposes being contested among various stakeholders.
How is strategic planning measured in empirical research?
5 answers
Strategic planning in empirical research is typically measured through various indicators and processes. Studies have utilized different variables to assess strategic planning, such as mission statements, implementation, internal & external analysis, and control and evaluation. The effectiveness of strategic planning is often evaluated based on its impact on organizational performance, which can be measured by productivity and turnover dynamics. Additionally, the design parameters of the strategic planning process, including the location, participants, properties of strategic planners, and planning method intensity, are considered in meta-analyses to understand the relationship between strategic planning and organizational performance. Furthermore, the impact of strategic planning on organizational performance is found to be positive, moderate, and significant, especially when measured as formal strategic planning and effectiveness.
What journal papers have strategic planning measures?
5 answers
Strategic planning measures have been extensively discussed in various journal papers. For instance, Hensley (1994) highlights the importance of strategic planning for university research. Kotler and Murphy (1981) delve into strategic planning for higher education institutions. Bryson and Einsweiler (1987) introduce the concept of strategic planning in general. Phillips and Moutinho (year) propose a strategic planning index (SPI) to measure planning effectiveness, emphasizing factors like planning implementation and reliance on analytical techniques. Boulton et al. (year) explore the impact of environmental characteristics and uncertainty on strategic planning. These papers collectively contribute to the understanding and development of strategic planning measures across different sectors.
How effective are home economics trainings in improving household financial management skills?
5 answers
Home economics education (HEE) plays a crucial role in enhancing household financial management skills. Research indicates that HEE positively influences negotiation skills in resolving marital conflicts, aids in managing household finances effectively, leading to greater savings and investments, and helps housewives in handling family funds through methods like the envelope system and cash book system. Additionally, integrating financial literacy training into broader psychosocial interventions has shown significant improvements in financial behaviors, reduced financial distress, and better resilience to economic shocks among households. Recognized as a key factor in a family's financial well-being, the complexity of financial markets underscores the importance of enhancing financial management skills through programs like HEE.
How does senior management commitment impact the success of BRCS initiatives?
5 answers
Senior management commitment plays a crucial role in the success of initiatives such as BRCS projects. Studies highlight that senior management commitment is essential for the success of electronic document management systems, general projects, and IT projects. The commitment of senior management ensures the development and support of systems, enhances project responsiveness to volatile scenarios, and positively influences project success. It is noted that top management commitment is not always straightforward and requires a systems view approach that includes properties like emergence, hierarchy, communication, and control to prepare for change effectively. Overall, the research emphasizes that senior management commitment, when combined with flexibility and effective risk management, significantly contributes to the success of various initiatives, including BRCS projects.
Why Financial economic constraints is a barrier to adoption of Accounting Information System among agricultural cooperatives?
5 answers
Financial and economic constraints pose a significant barrier to the adoption of Accounting Information Systems (AIS) among agricultural cooperatives. The modern agricultural enterprise faces challenges in managing its financial and economic situation, necessitating reliable and timely information for effective decision-making. Agricultural cooperatives, including credit cooperatives, require specific regulations for presenting financial statements, adding complexity to their accounting practices. The economic security of agricultural enterprises relies on robust information and analytical support, highlighting the importance of accurate financial data for decision-making processes. Moreover, the unique characteristics of agricultural cooperatives demand specialized accounting operations and management of registers, further complicating the implementation of AIS due to the lack of established operating rules and guidance for co-operators.
How does improper time management affect academic performance of humss students?
5 answers
Improper time management significantly impacts the academic performance of students in the Humanities and Social Sciences (HUMSS) field. Research indicates that effective time management is crucial for academic success. Students who struggle with time management often experience increased academic stress, leading to lower performance levels. Studies have shown that proper planning, time allocation, prioritization, and goal setting are essential components of successful time management, directly influencing academic achievements. Furthermore, findings suggest that students who excel in managing their time tend to perform better academically compared to those who struggle with time management. Therefore, enhancing time management skills through workshops and structured interventions is crucial for improving the academic outcomes of HUMSS students.