Definition: The Business Process Reengineering is the examination and redesign of business process to achieve the dramatic improvement in its performance, productivity, and quality. The Business process reengineering comprises of following steps: Define Objectives and Framework: First of all, the objective of re-engineering must be defined in the quantitative and … [Read more...] about Steps involved in Business Process Reengineering
Business Process Reengineering
Definition: The Business Process Reengineering or BPR is the analysis and redesign of core business processes to achieve the substantial improvements in its performance, productivity, and quality. The business process refers to the set of interlinked tasks or activities performed to achieve a specified outcome. Simply, the business process reengineering means to change the … [Read more...] about Business Process Reengineering
Types of Strategic Alliances
Definition: The Strategic Alliance is a cooperative agreement between two companies that agree to share resources to pursue the common set of goals but remain independent after the formation of the alliance. The strategists Yoshino and Rangan have classified the strategic alliance based on two dimensions: Extent of organizational interaction and conflict potential among the … [Read more...] about Types of Strategic Alliances
Strategic Alliance
Definition: The Strategic Alliance refers to the agreement between two or more firms that unite to pursue the common set of goals but remain independent after the formation of the alliance. In other words, when two companies come together to achieve the common objective by sharing the particular strengths (resources) with each other is called as a strategic alliance. The … [Read more...] about Strategic Alliance
Special Funds
Definition: The Special Funds are those kinds of mutual funds that can neither be categorized as equity funds nor as the debt funds. These funds are unique and work well for those investors who have specific financial objectives. The following are the different types of Special Funds: Index Funds: These funds track and replicate the performance of a particular index … [Read more...] about Special Funds
Debt Funds
Definition: The Debt Funds are a kind of mutual funds that invest majorly in the fixed income instruments. The objective of the debt funds is to seek current income and preserve the capital. The debt funds are comparatively less volatile than the equity funds and provide a steady income to the investors. The Debt funds are of following types: Liquid … [Read more...] about Debt Funds
Equity Funds
Definition: The Equity Funds are the mutual funds that predominantly invest in stocks. The purchase of each share of stock represents the unit of ownership in the company. With the purchase of every unit of share of stock, the investor becomes the owner of the company and enjoy the profits in any of the following forms: An increased share value Dividends In case … [Read more...] about Equity Funds
Types of Mutual Funds
Definition: The Mutual Fund is an investment organization that pools the resources of several investors who shares the common financial objectives. These pooled resources are then invested by the fund manager in different securities ranging from shares to debenture to money market instruments based on the objectives as stated in the fund scheme. Types of Mutual … [Read more...] about Types of Mutual Funds
Exchange Traded Funds
Definition: The Exchange Traded Funds or ETF is the alternative investment fund that trade on the stock exchange very much like other stocks. These own the underlying assets such as shares of stocks, oil, futures, bonds, foreign currency, etc. and divide the ownership of these into shares which is then traded on the stock exchange. The Exchange Traded Funds are hybrid in … [Read more...] about Exchange Traded Funds
Hedge Funds
Definition: The Hedge Funds are the investment funds that pool the resources of wealthy investors to reinvest these into an array of complicated financial instruments, using the wide range of investment techniques to generate higher returns for a given level of risk. The term “hedge” is derived from the word “hedging” which means “to reduce risk”. Therefore, the primary … [Read more...] about Hedge Funds