Inside Director Definition. A board of directors (B of D) is a group of individuals that are elected as, or elected to act as, representatives of the stockholders to establish corporate management related policies and to make decisions on major company issues.
Every public company must have a board of directors. Some private and nonprofit companies have a board of directors as well. BREAKING DOWN 'Board Of Directors - B Of D' In general, the board makes decisions on shareholders’ behalf as a fiduciary and looks out for the financial wellbeing of the company. Such issues that fall under a board's purview include the hiring and firing of executives, dividend policies, options policies, and executive compensation. Structure and Makeup The structure and the powers of the board is determined by an organizations’ bylaws, which can include number of members, the manner in which they’re elected, how often they’re elected, and how often they confer. Election Removal - Using information gathered in meetings for personal profit. Board of Directors Definition.
Accounting Dictionary Definition: A board of directors governs a corporation.
It is a group of people who are elected by a company's shareholders to meet periodically to oversee the company's management and represent the interests of the shareholders. The board has overall authority for decisions made by the company, but usually confines itself to the following areas: Issuance of stockIssuance of dividendsNaming members to various committeesAdopting and revising bylawsHiring or firing senior managers and setting their compensationSetting the company's overall direction The board of directors may be comprised of senior managers of the company, as well as outsiders with special skills that can be of assistance to the company.
What is a Marketing Mix? definition and meaning - BusinessDictionary.com. Definition of 'Marketing Mix' Definition: The marketing mix refers to the set of actions, or tactics, that a company uses to promote its brand or product in the market.
The 4Ps make up a typical marketing mix - Price, Product, Promotion and Place. However, nowadays, the marketing mix increasingly includes several other Ps like Packaging, Positioning, People and even Politics as vital mix elements. Description: What are the 4Ps of marketing? Price: refers to the value that is put for a product. It depends on costs of production, segment targeted, ability of the market to pay, supply - demand and a host of other direct and indirect factors. What Is Brand Equity and Why is it Valuable? - Prophet Thinking. What is brand? definition and meaning - BusinessDictionary.com. What is brand? - Definition from WhatIs.com. A brand is a product, service, or concept that is publicly distinguished from other products, services, or concepts so that it can be easily communicated and usually marketed.
Brand Management - Meaning and Important Concepts. Brands are different from products in a way that brands are “what the consumers buy”, while products are “what concern/companies make”.
Brand is an accumulation of emotional and functional associations. Brand is a promise that the product will perform as per customer’s expectations. It shapes customer’s expectations about the product. Brands usually have a trademark which protects them from use by others. Brand Management Definition. A company’s brand identity is how that business wants to be perceived by consumers.
The components of the brand (name, logo, tone, tagline, typeface) are created by the business to reflect the value the company is trying to bring to the market and to appeal to its customers. Brand identity is separate from brand image – the term for how consumers actually perceive the brand. BREAKING DOWN 'Brand Identity' Most miscommunication in daily life can be chalked up to an mismatch between intent and perception: You think you said one thing, the person you talked to thought you said something else. Companies often have the same problem. In the context of business and branding, a company’s brand identity is what it says about who it is – the product or service it delivers, the quality it gives customers, its advantages over competing brands. Building Brand Identity – Analyze itself and its market. . – Determine its key business goals. What Is Brand Management? Updated September 16, 2016 How Is Brand Management Defined?
Brand management is the term for all the facets of design, placement, marketing, advertising, and distribution that foster a identifying and developing brand personality. What is networking? definition and meaning - BusinessDictionary.com. Skills profile - define at the-definition.com. Financial Statements Definition. Accounting Dictionary Definition: Financial statements are a collection of reports about an organization's financial results, financial condition, and cash flows.
They are useful for the following reasons: Budgeting for Business Definition. Budgeting for a business is a process.
It is the process of preparing a detailed statement of financial results that are expected for a given time period in the future. There are two keywords in that statement. The first keyword is "expected. " Expected means something that is likely to happen. Definition of Budget. Efficiency. Debt/Equity Ratio Definition. Share Video undefined What is the 'Debt/Equity Ratio' Debt/Equity Ratio is a debt ratio used to measure a company's financial leverage, calculated by dividing a company’s total liabilities by its stockholders' equity.
The D/E ratio indicates how much debt a company is using to finance its assets relative to the amount of value represented in shareholders’ equity. The formula for calculating D/E ratios can be represented in the following way: Financial statements definition. Usually financial statements refer to the balance sheet, income statement, statement of cash flows, statement of retained earnings, and statement of stockholders' equity. The balance sheet reports information as of a date (a point in time).
The income statement, statement of cash flows, statement of retained earnings, and the statement of stockholders' equity report information for a period of time (or time interval) such as a year, quarter, or month. To learn more, see Explanation of Balance Sheet. To learn more, see Explanation of Income Statement. To learn more, see Explanation of Cash Flow Statement. What is financial management? definition and meaning - BusinessDictionary.com. Definition of 'Liquidity' What Is Profitability? - Definition & Analysis. Profitability. What is accounts receivable? Accounts receivable is the money that a company has a right to receive because it had provided customers with goods and/or services.
For example, a manufacturer will have an account receivable when it delivers a truckload of goods to a customer on June 1 and the customer is allowed to pay in 30 days. From June 1 until the company receives the money, the company will have an account receivable (and the customer will have an account payable). Accounts receivables are also known as trade receivables. Companies who sell on credit are unlikely to have liens on their customers' property. Hence, there is a risk that the full amount of their accounts receivable might not be collected. It is also important for a company to monitor its accounts receivable and to immediately follow up with any customer who has not paid as agreed. Buy-Back Clause Law. Buyback Definition. How MasterCard Pulled Off a Buyback Share Video undefined.
NDA 101: What Is a Non-Disclosure Agreement? Chances are you've been asked to keep a secret before, and you might have kept your lips locked out of respect for whoever passed along the private information. A confidentiality agreement, also called a nondisclosure agreement or NDA, takes the notion of keeping a secret even further. This contract creates a legal obligation to privacy and compels those who agree to keep any specified information top-secret or secured. Get started Start Your Non-Disclosure Agreement Answer a few questions. We'll take care of the rest. A Nondisclosure Agreement. Generally speaking, nondisclosure agreements are contracts in which a party (normally an employee) promises to protect the confidentiality of a secret that is disclosed to him or her during the course of their employment, or during another business transaction.
If you have a nondisclosure agreement with someone who then later uses your secret information without your authorization, you can make a request to a court to stop the person from violating the nondisclosure agreement. In addition, you can often sue the offender for any damages you suffered as a result of the breach of confidentiality. The use of nondisclosure agreements within employment contracts has grown in tandem with the growth of the high tech and information-based fields. Entrepreneurs and employers should be aware of how to properly use them. Trade Secret Protection. Founders Agreement. Tagline. Business Plan - Small Business Encyclopedia. Definition of Tagline by Merriam-Webster.
Define Market Segmentation & Targeting. What is market segmentation? definition and meaning - BusinessDictionary.com. Intranet. Definition of Intranet by Merriam-Webster. Ideas bank. Many ideas banks are provided as free of charge, or set around certain companies in general to work out new inventions.[1] Although ideas are provided by a community of people, problems can arise when people take the ideas from the site and begin developing them. [citation needed] There is no possible way to prove that the idea on the ideas bank was original and not taken from something else. Innovation[edit] Idea Bank - define at the-definition.com. Definition of Focus Group by Merriam-Webster. What is focus group? definition and meaning - BusinessDictionary.com.
Preparation. Definition of Preparation by Merriam-Webster. Definition of Creativity by Merriam-Webster. Creativity. Corridor Principle - define at the-definition.com. What Is Opportunity Recognition? Opportunity recognition means proactively brainstorming a new business venture or expansion idea. A small-business owner typically engages in opportunity recognition at the point where he realizes he has an idea, strength or capability that matches well with a particular target market.
Entrepreneurial business owners constantly seek new revenue streams. Those that seize ripe opportunities tend to perform best financially. What is opportunity? definition and meaning - BusinessDictionary.com. Definition of Idea by Merriam-Webster. What is an entrepreneur? definition and meaning. Private Capital Markets - Data & Insights - VC Experts. 5.1. What Is an Entrepreneur? Learning Objectives Define entrepreneur.Describe the three characteristics of entrepreneurial activity.Identify five potential advantages to starting your own business.Explain the differences among three types of start-up firms.
Execution Intelligence - define at the-definition.com. What is entrepreneurship? definition and meaning.