Strategic management

Posted on 08/03/202408/03/2024 by ScienceFather

Introduction:

Strategic management is the process of formulating and implementing strategies to achieve organizational goals and objectives. It involves analyzing the internal and external factors that affect an organization's performance, setting goals and priorities, and making decisions about resource allocation.

Subtopics in Strategic Management:

Environmental Analysis:

This involves assessing the external factors that impact an organization, such as market trends, competitive forces, technological advancements, and regulatory changes. By understanding the environment in which it operates, an organization can identify opportunities and threats and adjust its strategies accordingly.

Strategic Planning:

Strategic planning is the process of defining an organization's mission, vision, and long-term objectives, as well as the strategies and tactics to achieve them. It involves setting goals, identifying key performance indicators, and developing action plans to guide decision-making and resource allocation.

Competitive Strategy:

Competitive strategy focuses on how an organization can gain a sustainable competitive advantage in its industry. This may involve differentiating its products or services, focusing on a niche market, or achieving cost leadership through operational efficiencies.

Strategic Implementation On Strategic Management

Once strategies have been developed, they need to be effectively implemented throughout the organization. This involves aligning resources, processes, and people to support the strategic goals and monitoring progress to ensure that objectives are being met.

Performance Measurement and Evaluation:

Measuring and evaluating performance is essential for assessing the effectiveness of strategic management efforts. This includes tracking key performance indicators, analyzing financial and operational metrics, and conducting regular reviews to identify areas for improvement and course corrections.

Corporate finance

Posted on 07/03/202407/03/2024 by ScienceFather

Introduction to Corporate Finance:

Corporate finance is the branch of finance that deals with the financial activities of corporations and involves managing the capital structure, investment decisions, and financial planning to maximize shareholder value. It encompasses various aspects such as capital budgeting, financial analysis, risk management, and corporate governance.

Subtopics in Corporate Finance:

Capital Budgeting:

Capital budgeting involves evaluating and selecting long-term investment projects that are expected to generate returns exceeding their costs. This process typically includes techniques such as net present value (NPV), internal rate of return (IRR), and payback period analysis.

Financial Risk Management:

Financial risk management involves identifying, assessing, and mitigating risks that could negatively impact a company's financial performance. This includes managing risks related to interest rates, exchange rates, commodity prices, credit, and operational factors.

Corporate Valuation On Corporate Finance

Corporate valuation is the process of determining the worth of a company, which is essential for various purposes such as mergers and acquisitions, financial reporting, and raising capital. Valuation methods include discounted cash flow (DCF), comparable company analysis, and precedent transactions analysis.

Capital Structure Management:

Capital structure management involves deciding the mix of debt and equity financing that a company uses to fund its operations and investments. It aims to optimize the cost of capital while balancing financial risk and flexibility.

Financial Reporting and Analysis:

Financial reporting and analysis involve preparing and interpreting financial statements to assess a company's financial health and performance. This includes analyzing profitability, liquidity, solvency, and efficiency ratios, as well as understanding the impact of accounting standards and regulations.

Ms. Samriddhi Dhasmana – Earnings management – Editorial Board Member

Posted on 31/01/202414/02/2024 by ScienceFather

Ms. Samriddhi Dhasmana - Earnings management - Editorial Board Member

Management Development Institute - India

AUTHOR PROFILE

SCOPUS

EARLY ACADEMIC PURSUITS:

Samriddhi Dhasmana commenced her academic journey with a Bachelor of Commerce from the University of Rajasthan in 2013, demonstrating her commitment to foundational studies in business and finance. She achieved a noteworthy 59.83% at Kanoria Pg Mahila Mahavidyalaya, showcasing her early dedication to academic excellence.

PROFESSIONAL ENDEAVORS:

Dhasmana embarked on her professional journey in February 2012 as an Article Assistant at Vyas & Vyas, Chartered Accountants, where she honed her skills in income tax, audits, accounting, and worked with major clients such as Nuclear Power Corporation of India Limited (NPCIL) and India Today Fashions. Subsequently, she served as a Part-time Executive at the same firm, expanding her expertise in diverse areas including TDS, sales tax, and reconciliation. Her role as a Management Trainee at Genpact India Private Limited from March 2019 to July 2020, specializing in credit analysis for a U.S. bank, further enriched her professional experience.

CONTRIBUTIONS AND RESEARCH FOCUS ON EARNINGS MANAGEMENT

As a current Fellow in Management at the Management Development Institute (MDI) since August 2020, Dhasmana has delved into the realm of accounting and finance. Her ongoing thesis, titled "Earnings Management Phenomenon of the Hyperreality of Financial Markets – A Study of the Indian Manufacturing and Service Sector," underscores her commitment to fundamental research. Notably, her research aligns with MDI's academic prowess, with a committee chaired by Dr. Sandeep Goel and including esteemed members like Prof. Rupamanjari Sinha Ray and Prof. Christine Cooper.

IMPACT AND INFLUENCE:

Dhasmana's impact extends beyond academia with a published article in the "Journal of Behavioral and Experimental Finance" in January 2023, co-authored with Prof. Sajal Ghosh and Prof. Kakali Kanjilal, exploring the intersection of investor sentiment and ESG stock performance in India. Another publication in January 2022, titled "Agrawal Kitchenware Distributors: A Miscellany of Inventory Problems," co-authored with Prof. Sandeep Goel, further demonstrates Earnings Management her contribution to the academic discourse.

ACADEMIC CITATIONS:

Dhasmana's work has gained scholarly recognition, evident in her co-authored publications and ongoing research projects with Prof. Sandeep Goel, Prof. Rupamanjari Sinha Ray, and Prof. Christine Cooper. The citations and collaborations highlight her Earnings Management standing in the academic community.

LEGACY AND FUTURE CONTRIBUTIONS:

Samriddhi Dhasmana's legacy is marked by a dedication to rigorous research, impactful publications, and a commitment to bridging the research-practitioner gap. Her future contributions, as indicated by ongoing projects, encompass a case study on "Ethics and Accounting: IL&FS" and research papers on "Literature Review" and "Earnings Management," emphasizing her intent to continue shaping discussions in accounting and finance.