Business Administration Topics
"There is scarcely anything in the world that some man cannot make a little worse, and sell a little more cheaply. The person who buys on price alone is this man's lawful prey." -- John Ruskin, (attributed)
- Unsuck It - Terrible business jargon
- Calculators / Unit Converters / etc.
- Convert USD to CAD
- Calculators: Online Calculators - Tax, Finance, HR, Mathematics, Engineering - Thanks to Andrew Stacy for recommending this site.
- The Calculator Site - Free Calculators For Finance, Health, Cooking, Math, Science
- Unit Converter | Online Calculator, Measurements, Calculation - | - Thanks to Emma Stone for recommending this site.
- Compound Interest Calculator | Investor.gov
- Breakeven Analysis - Interactive calculator
- Pigly - personal finance calculators - Thanks to Angelica Landicho for recommending this site.
- Accounting
- BCG Matrix | business portfolio analysis | corporate-level strategies | Boston Consulting Group (= BCG)
- Brand
- Break-Even Analysis = BEA
- The break-even analysis establishes a relationship between revenues and costs with respect to volume.
It indicates the level of sales at which costs and revenues are in equilibrium.
The equilibrium point is commonly known as the break-even point.
The breakeven point is that point of sales volume at which total revenue is equal to total costs. It is a no-profit, no-loss point.
- Calculators
- Break-Even Simulator - Interactive - See also: Flash ...
- Breakeven Analysis - Charts - YouTube
- Break-even Analysis - 10 steps to creating a simple break-even template in Excel | TechRepublic
- How to Do a Break Even Chart in Excel: Step-by-Step Instructions - video
- Formula for BEA calculations
- x = f / (p - v)
- x = BEQ = Break-even quantity = the number of units
- f = FC = Total fixed costs
- v = VC = Variable costs per unit
- p = Average price per unit
- px = vx + f + Profit
- At the BE point, Profit = 0, so Profit can be eliminated from the equation.
- px = vx+f
- px-vx = f
- x(p-v) = f
- x = f/(p-v) = ( f / Contribution margin ) = (FC / (p - VC))
- Warning!
- Revenues ≠ Profit
- Revenue = Sales = income that a business has from its normal business activities
- Profit = R - E = Sales - (Fixed costs + COGS) = Earnings
- EBIT = Earnings before interest and taxes
- EBITDA = earnings before interest, taxes, depreciation, and amortization
- Price ≠ Cost
- Price is what a buyer pays to acquire products from a seller.
- Cost of production concerns the seller's investment (e.g., manufacturing expense) in the product being exchanged with a buyer.
- Contribution margin = Unit Revenue (Price, P) minus Unit Variable Cost (V) = Price - Cost
- BEA References
- Griffin 8ce, p.539, Ch.17
- Armstrong 5ce, p.359, Ch.10
- Keegan 8e, ---
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Business Cycle (see graphic on the right)- Business Plan ...
- Career Topics ...
- Case Method ...
- Cognitive Dissonance
- Consulting
- CRM
- Decisions
- Business Environment - Five Forces model by Michael Porter
- eBusiness, eMarketing, eCommerce ...
- Economics
- Economies of Scale
- (Keegan/Green 8e, p.26, p.490)
- Elasticity
- English Language ...
- Entrepreneurship
- Environments
- Ethics / Morals / Legal
- Factory assembly line (examples)
- Finance
- Generations... (WW2, BB, X, Y, ...)
- Communication & Generation Gaps in the Workplace
- | - Thanks to Jessica Dennis for recommending this site.
This guide addresses generational differences, including baby boomers, generation x, and millennials, recognizing ageism, defusing generational conflict, being an active listener, mindfulness of one's own limitations, and continued training. Considering that an age and communication gaps are inherent to any company culture, it is more important than ever for management to be aware of and possess good communication skills.
- GDP & GNP
- Government
HRM = Human Resources Management
- Language ...
- Leadership
- Leverage - (Keegan/Green 8e, p.26)
Management Functions
- Marketing
- Meetings
- Microsoft Teams, the Office 365-integrated video chat platform, has been extended for free to anyone with an email address.
- Skype video calls can be attended by up to 50 people (half that of free Zoom accounts). For small business teams, this makes it an ideal option.
- Google
- Facebook Messenger - Facebook
- Zoom
- Join a Test Meeting - Zoom
- Safe?
- Zoom | Video Conferencing, Web Conferencing, Webinars, Screen Sharing - Zoom
- How to allow Zoom meeting attendees to join without installing the app - TechRepublic
- 5 best Zoom features you must try - TechRepublic
- 12 Zoom tips to improve your video conferences while telecommuting - TechRepublic
- 8 essential Zoom apps for every business user - TechRepublic
- Top 10 Zoom alternatives for video conferencing - TechRepublic
- Zoom 5.0 is coming, with improved security features: Here's what's new - TechRepublic
- Zoom: A cheat sheet about the video conferencing solution - TechRepublic
- Backgrounds
- Alternatives to Zoom: Google Meet, Microsoft Teams, Webex, Signal, FaceTime, Jitsi, etc...
- Recording a Zoom session
- 10 FBI Tips On How To Spot A Liar | LaRae Quy | LinkedIn
- How to shake hands
- Money & Economics & Finance & Financing & Investing
- Motivation - Needs
& Wants
- Negotiation ...
- Pareto principle = 80/20 rule = the law of the vital few = principle of factor sparsity
- Politics & Government
- Positioning ...
- PPP = Purchasing Power Parity = Big Mac Index ...
- Price's Law = Price's square root law
- Satisfice
- The term was introduced by Herbert A. Simon in his Models of Man 1957
- Satisfice (= satisfactory & sufficient) vs. Maximize (= perfect)
- To obtain an outcome that is good enough. Satisficing action can be contrasted with maximising action, which seeks the biggest, or with optimising action, which seeks the best. In recent decades doubts have arisen about the view that in all rational decision-making the agent seeks the best result. Instead, it is argued, it is often rational to seek to satisfice i.e. to get a good result that is good enough although not necessarily the best.
- Humans usually select the first reasonable option (a strategy known as "satisficing" - a cross between "satisfying" and "sufficing"). We hardly ever select the best option from all available options. Our brain just can't be bothered to think all the time. Why Do We Satisfice? We satisfice because we want to reach our goal with minimum wasted effort and time. There is little upside to spending time and effort to find the best option. If we make the wrong choice, which happens all the time, we can simply click the "Back" button on the browser and try again. - (source?)
- The optimum choice is the one that provides the best balance between profit opportunities and the risks and costs of failure.
- Scale economies
- Spam - see Marketing
- Speaking & Presenting & Negotiating
- Stakeholder (corporate)
- SWOT Analysis ...
- Widget = a placeholder name for an object or, more specifically, a mechanical or other manufactured device = "Widget" is frequently used in texts and speech, especially in the context of economics, to indicate a hypothetical "any-product." Companies in such texts will frequently be given names such as "ABC Widgets" or "Acme Widget Corp." to indicate that the particular business of the hypothetical company is not relevant to the topic of discussion.
- Similar (but not identical) to: doodad, doohickey, whatsit, thingamabob, thingumbob, thingamajig, dingus,Whatchamacallit, da kine
- Thingummy (the British term for thingamajig) or whatchamacallit is a general placeholder for something or someone whose real name you can't recall.
- 15 Brilliant Business Lessons From Moneyball | LinkedIn
- Calculators
- Investopedia
- Pigly - Teaching Children the Value of Building Emergency Savings: Personal Finance Resources for Kids - Thanks to Angelica Landicho for recommending this site.
- Finance for Beginners: The Best Articles and Expert Resources
- The 1936 Book That Launched Warren Buffett's Career
- Advisors
- Bankruptcy
- Bitcoin (& Blockchain) ...
- BNN.ca Shows - Money Talk - Business News Network
- Brokers | Investment Brokers
- Credit reports ...
- Financing
= Funding = raising money for your business
- Finances = Personal Financial Planning ... | (Retirement planning)
- The Globe and Mail - Report on Business
- See also: Entrepreneurship (Disabilities)
- Financing = Funding = raising money
- Investing
- Retirement planning ...
- Top Trading Apps | PCMag
- How the Stock Market Works: A Simple Explanation For You and Your Kids - Intuit Turbo Blog - Thanks to Brigid Ludwig for recommending this site.
- The Ultimate Guide to Investing: Today, Tomorrow, And Beyond
- Fool.com: Stock Investing Advice | Stock Research
- Compound Interest
- 11 Tips for Sane, Successful Stock Investing | Money Talks News
- The Globe and Mail
- Virtual Brokers - discount brokerage
- BMO InvestorLine: Online trading and investing platform
- "My only investment advice to all your listeners is always invest in unregulated monopolies. That's the only investment advice you ever need." -
NYU professor Scott Galloway
- Retirement planning ...
- CDIC.ca = Canada Deposit Insurance Corporation
- ETF
- Anyone can beat the stock market, new research suggests | Fortune
- Underperforming stocks are removed (deleted) from the market (S&P 500) and replaced. The replacement date may be announced a month before the required trading date for the ETF (see also exchange traded fund, index fund, equity fund, index tracker, mutual fund, etc.). The trading opportunity is obvious: Buy the outgoing stock, which has been pounded down, and sell the incoming stock, which has been pushed to the sky, on the big day before the switch becomes effective. Alternatively, just buying the outgoing stock (at the closing price on the day it's removed from the index) works great, on average. On average, this outgoing stock will beat the market by an average of nearly 20% over the following 12 months.
- Money Talks News
- Real Estate & Mortgages
- PracticalMoneySkills.com | Financial Literacy for Everyone | Lessons: College - Thanks to Stacy Maxton for recommending this site.
- Retirement planning ...
- Simulations - Stock Market simulations
- Supply and demand - Wikipedia
- Teaching Kids & Teens about Money: A Critical Review | Credit Critics - Thanks to Laura Pipitone for recommending this site.
- TreasuryDirect KIDS - Treasury Securities and the U.S. Debt - Teaching Kids about debt - Thanks to Michelle Peng for recommending this site.
- GroupEcho Canada - providing credit information and risk management services
- Researching a business or businesses, an industry or industries
- Research do-it-yourself
- Most medical studies are wrong
- The smaller the study the more likely it's wrong.
- The smaller the effect seen in a study, the more likely it's wrong.
- The more variables tested in a study the more likely it's wrong.
- The more flexible designs, definitions, and outcomes are, the more likely it's wrong.
- The greater the financial interest in being right, the more likely it's wrong.
- The hotter the field of research, the more likely it's wrong.
- Much of this is stuff your earth science teacher should have told you in junior high school. Narrow the variables. Narrow the scope. Tighten the design so only what you're testing varies. Take your biases out of the equation.
- Patent Searching and Invention Patenting Information - Thanks to James Ryley? for recommending this site.
- Reference Materials & Literature Topics ...
- English Language ...
- PowerPoint ...
- Presenting your Case ...
- Delivering the Speech of Your Life
- Seven Reasons People Aren't Listening to You | Deepak Chopra MD (official) | LinkedIn
- 33 Smart Habits That Will Train Other People to Treat You With Respect
- Negotiation
- Business negotiation tactics from the FBI | IT Business
- What not to say in a salary negotiation
- The 10 Worst Things You Can Do In A Negotiation | James Altucher | LinkedIn
- 4 Mistakes To Avoid When Negotiating - OPEN Forum :: American Express OPEN Forum
- 5 Things You Should Never Say While Negotiating : Lifestyle :: American Express OPEN Forum
- 7 business negotiation tactics from the FBI | IT Business
- Phrases You Should Never Use during a Negotiation - dummies
- Win-Win Negotiating - dummies
- "The Power of Nice: How to Negotiate So Everyone Wins - Especially You!" - Ronald Shapiro & Mark Jankowski - Wiley & Sons
- Prepare - research, study, stockpile knowledge
- Probe - ask questions
- Propose - try not to go first, but when you do, make a strong, reasonable offer that you are prepared to change
- Listen carefully
- Arbitration
- Arbitration - Wikipedia
* Arbitration can be either voluntary or mandatory (although mandatory arbitration can only come from a statute or from a contract that is voluntarily entered into, where the parties agree to hold all existing or future disputes to arbitration, without necessarily knowing, specifically, what disputes will ever occur) and can be either binding or non-binding. Non-binding arbitration is similar to mediation in that a decision can not be imposed on the parties. However, the principal distinction is that whereas a mediator will try to help the parties find a middle ground on which to compromise, the (non-binding) arbitrator remains totally removed from the settlement process and will only give a determination of liability and, if appropriate, an indication of the quantum of damages payable. By one definition arbitration is binding and so non-binding arbitration is technically not arbitration.
* Arbitration is a proceeding in which a dispute is resolved by an impartial adjudicator whose decision the parties to the dispute have agreed, or legislation has decreed, will be final and binding. There are limited rights of review and appeal of arbitration awards.
* Arbitration is not the same as:
- Mediation
- Mediation - Wikipedia
- Conflict resolution through private and voluntary means, a channel that encourages the parties to be active and central participants in the resolution of their own conflict.
- private dispute resolution
- negotiation between the parties (often assisted by counsel)
- negotiation facilitated by a trained mediator
- adjudication by a private arbitrator
- Mediation, which usually takes a day or two, is certainly much faster (and cheaper) than court proceedings.
- The mediation route allows for a direct engagement that is not possible in a court proceeding.
- Harness the power of Persuasion - PDF
- Body Language
- Body language
- Kinesics
- 15 Body Language Secrets of Successful People
- Synergology
- High-context culture vs. Low-context culture
- How to Tell if You're Not Getting the Whole Truth | AARP
- They fidget nervously. They touch their nose, they pull an ear. It's like a "tell" for a poker player.
- They talk real fast. You almost can't understand what they're saying. It's like they don't really want you to hear them.
- They try to change the subject. It's an attempt to deflect your attention.
- They repeat the question when you know they've heard It loud and clear. "Wait a minute. Let me get this straight. You're seriously asking me .. !' It's a stalling tactic as they try to come up with a convincing response.
- They won't look you In the eye. Or else they will. It helps if you know how the person usually behaves. If they ordinarily look you in the eye but suddenly don't, they're probably not giving you the whole truth. And vice versa.
- The tricks to make yourself effortlessly charming
- Female Body Language: Deciphering Her Silent Communication - Thanks to Claire Simmons for recommending this site.
- Conversation
- Things Polite People Always Say
- Conversation Starters That Make You Instantly Interesting
- The 36 Questions That Lead to Love - The New York Times
- Given the choice of anyone in the world, whom would you want as a dinner guest?
- Would you like to be famous? In what way?
- Before making a telephone call, do you ever rehearse what you are going to say? Why?
- What would constitute a "perfect" day for you?
- When did you last sing to yourself? To someone else?
- If you were able to live to the age of 90 and retain either the mind or body of a 30-year-old for the last 60 years of your life, which would you want?
- Do you have a secret hunch about how you will die?
- Name three things you and your partner appear to have in common.
- For what in your life do you feel most grateful?
- If you could change anything about the way you were raised, what would it be?
- Take four minutes and tell your partner your life story in as much detail as possible.
- If you could wake up tomorrow having gained any one quality or ability, what would it be?
- If a crystal ball could tell you the truth about yourself, your life, the future or anything else, what would you want to know?
- Is there something that you've dreamed of doing for a long time? Why haven't you done it?
- What is the greatest accomplishment of your life?
- What do you value most in a friendship?
- What is your most treasured memory?
- What is your most terrible memory?
- If you knew that in one year you would die suddenly, would you change anything about the way you are now living? Why?
- What does friendship mean to you?
- What roles do love and affection play in your life?
- Alternate sharing something you consider a positive characteristic of your partner. Share a total of five items.
- How close and warm is your family? Do you feel your childhood was happier than most other people's?
- How do you feel about your relationship with your mother?
- Make three true "we" statements each. For instance, "We are both in this room feeling ... "
- Complete this sentence: "I wish I had someone with whom I could share ... "
- If you were going to become a close friend with your partner, please share what would be important for him or her to know.
- Tell your partner what you like about them; be very honest this time, saying things that you might not say to someone you've just met.
- Share with your partner an embarrassing moment in your life.
- When did you last cry in front of another person? By yourself?
- Tell your partner something that you like about them already.
- What, if anything, is too serious to be joked about?
- If you were to die this evening with no opportunity to communicate with anyone, what would you most regret not having told someone? Why haven't you told them yet?
- Your house, containing everything you own, catches fire. After saving your loved ones and pets, you have time to safely make a final dash to save any one item. What would it be? Why?
- Of all the people in your family, whose death would you find most disturbing? Why?
- Share a personal problem and ask your partner's advice on how he or she might handle it. Also, ask your partner to reflect back to you how you seem to be feeling about the problem you have chosen.
Tag Clouds ...
+G = Open XBox Game Bar; 
