Friendly Finances & Loans

Work processes are how the strategies will be implemented. They are the actions that fulfill the strategy and meet the specific needs of the customer. The most successful organizations use process management—a business science that documents, measures, analyzes, and improves its processes. The sandwich chain, for instance, has an order-taking process, a sandwich-making process, a [...]

All of the examined asset classes exhibit significant positive autocorrelation. There are two main reasons that should be noted. As mentioned earlier, one reason is the illiquidity of certain segments of the international bond markets. The high-yield sector is a typical example for a rather illiquid market segment. Broad high-yield indices represent the investment universe [...]

Levy (1992) points out that lower partial moments of first order are consistent with second-order stochastic dominance. The concept of stochastic dominance has several important advantages. It requires no distributional assumptions, takes all the moments of the return distributions into account and requires only very mild assumptions about investor behavior. With respect to the comparison [...]

Discounted cash flow is based on one key principle: that the value of money changes, effectively reducing with time. In other words, cash today is worth more than cash promised in the future. For example, it is not worth investing $100,000 today for the promise of the same amount returned next year; more usefully, discounted [...]

Ensure that customer decisions improve profitability. Stepping back from routine decisions and considering how to derive greater value from existing customers and products may enhance profitability. Questions to consider include: How can customer loyalty (and repeat purchasing) be enhanced? How can the sales proposition be made more competitive? (Simply improving it may not be enough; [...]