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24 ACCOUNTING BASICS THAT EVERYBODY NEEDS TO KNOW 1. ASSETS Resources owned by a business that have economic value. 2. LIABILITIES Obligations or debts owed by a business. 3. EQUITY The owner’s interest in the business. 4. REVENUE Income earned from normal business operations. 5. EXPENSES Costs incurred in the process of earning revenue. 6. PROFIT Financial gain after deducting expenses from revenue. 7. LOSS Occurs when expenses exceed revenue. 8. CASH FLOW The movement of money in and out of a business. 9. GROSS MARGIN Revenue minus the cost of goods sold. 10. NET INCOME Total revenue minus total expenses. 11. BALANCE SHEET Financial statement showing assets, liabilities, and equity. 12. INCOME STATEMENT Financial statement showing revenue, expenses, and profit over time. 13. CASHFLOW STATEMENTS Financial statement showing cash inflows and outflows. 14. DEBITS AND CREDITS Entries used to record transactions in double-entry accounting. 15. JOURNAL ENTRIES Records of…

Το στρατηγικό management (strategic management) είναι η διαδικασία με την οποία μια επιχείρηση σχεδιάζει, υλοποιεί και αξιολογεί στρατηγικές για να επιτύχει τους στόχους της. Περιλαμβάνει την ανάλυση του εσωτερικού και εξωτερικού περιβάλλοντος της επιχείρησης, τη διαμόρφωση στρατηγικών και την παρακολούθηση της προόδου. Παράδειγμα: Φανταστείτε μια εταιρεία που παράγει ηλεκτρονικά είδη. Αποφασίζει να επενδύσει στην ανάπτυξη ενός νέου smartphone. Για να το πετύχει αυτό, αναλύει την αγορά (ποιοι είναι οι ανταγωνιστές, ποιες είναι οι ανάγκες των πελατών), σχεδιάζει το προϊόν (χαρακτηριστικά, τιμή), και στη συνέχεια υλοποιεί το σχέδιο (παραγωγή, μάρκετινγκ). Όταν βλέπετε μια επιχείρηση να προσαρμόζει τις στρατηγικές της με βάση τις αλλαγές στην αγορά ή τις ανάγκες των πελατών, αυτό είναι στρατηγικό management σε δράση.

Understanding Types of Management Introduction Management is the process of organizing and leading people to achieve goals effectively. It plays a vital role in businesses, organizations, schools, and even in our daily lives. Good management helps teams stay organized, work together, and reach their objectives successfully. Understanding different types of management is important for leadership development because it helps individuals choose the best approach for various situations. Types of Management Autocratic Management Definition: Autocratic management is when a leader makes decisions without consulting the team. Characteristics: The leader has complete control. Little to no input from team members. Clear instructions and strict rules. Advantages: Decisions are made quickly. Clear roles and expectations. Disadvantages: Team members may feel undervalued. Creativity and teamwork are limited. Best for: Emergency situations or when tasks need quick decisions. Democratic Management Definition: Democratic management involves team members in decision-making. Characteristics: Open communication. Collaboration and group…

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