Understanding Internal Organization Principles in Companies
Internal Organization of the Company: General Principles of Organization
• The company is a coordination unit.
• It coordinates the activities of individuals and the use of material resources.
• In an enterprise, the work of coordination is referred to as management.
• The administrative function of the company consists of four basic tasks:
1. Planning (to establish what is to be done).
2. Organization (using available information to assign tasks).
3. Direction (to ensure tasks are carried out
Customer Satisfaction Through After-Sales Service
After-Sales Service
It is the tasks that the organization uses after the sale to obtain total customer satisfaction.
It is an important source of information and should be considered an investment.
It is easier to sell new products to a satisfied customer than finding new customers.
Advantages:
- It provides greater customer satisfaction
- It improves the image of the company
- It improves direct knowledge of the market
- It involves potential customer loyalty
- It implies a likely increase in sales
Disadvantages:
- It
EU Public Policy: Cycle, Budget, and Key Policies
EU Public Policy: An Overview
Within the framework of its powers, the EU can submit proposals on matters where citizens believe a legal act of the Union is required to implement the Treaties. Most public policy within the EU continues to be made at the member state (MS) level. However, in a growing number of areas, including various economic, foreign, and social policies, decisions are made at the EU level.
The Public Policy Cycle in the EU
The classical elements of the public policy cycle are agenda
Read MoreUnderstanding Accounting Elements and Valuation Criteria
5. Criteria for Registration or Recognition of Accounting Elements of Annual Accounts: Bookkeeping is the process by which the various elements entering into the asset balance are recognized. When should they be recognized? Likely when they are expected to provide future economic benefits or returns for the company. Liabilities are recognized when they mature, and it is necessary to distinguish a product that must be delivered or resources that will incorporate future economic benefits or income.
Read MoreUnderstanding the Spanish Stock Market and Investments
The Continuous Market
The Continuous Market is the most important and representative of all Spanish stock markets. Established in 1989, this market deals exclusively in shares. Operators communicate through a computer network that connects all members of the Spanish stock exchanges. The computer system used today is the Spanish Stock Market Interconnection System (SIBE).
The Electronic Fixed Income Market
The Electronic Fixed Income Market operates similarly to the Continuous Market, using a computer
Read MoreBusiness Models, Plans, Strategies, and Key Tools
Business Models, Plans, and Strategies
A business model describes the logic of how an organization creates, delivers, and captures value. It outlines how a company intends to make money, without excessive detail.
Types of Business Models
- Free Model: Companies like Facebook and Twitter operate on a free model. Users don’t pay; they are the product. These models require a large critical mass and are typically profitable through advertising.
- Freemium Model: Spotify and LinkedIn are examples of the