Understanding the behaviour of costs as the trading patterns in a business change is an area of vital importance to decision makers. To be able to control costs and to see how they behave under changing conditions first it is essential to identify the different types of cost. Fixed costs Fixed costs are costs that…
What is it? Generally speaking, Decomposition is the process of breaking complex entities (processes, technology, business problems, business needs) into smaller sub-parts, and then breaking those smaller parts down even more, until the complex entity has been broken down into more discreet components with a more understandable structure. Activity decomposition is an abstraction technique that…
An absolute and less complex team The vehicle of Scum is the Scrum Team, which is a small team that has a clear focus on product ownership and has less complexity in the way it works. Self-Organised Teams balance their self-empowerment to create value In a self-organised team, all the team members plan their work…
Your business is “breaking even”—not making a profit but not losing money, either. The main purpose is to determine the minimum output that must be exceeded for a business to profit. The break-even analysis is a rough indicator of the earnings impact of a marketing activity. A company can analyse ideal output levels to be…
What is motivation? Motivation is a process and it starts with a unfulfilled need or desire of an individual. This initiator factor produces a tension (physical or psychological) inside the person, and he will adjust his actions in order to satisfy his need and to reduce the tension created. When the objective is accomplished, the…