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The Strategic Planning as a tool of management

Organizations such as human groups are constantly forced to make decisions whose success depends on the proper conduct of the same, the decisions themselves are the product of a reflection process that involves various activities, this being systematic and orderly thinking what is known and Planning.

The whole process of planning, says Stanton, (1984) is to “study the past to decide this, what to do in the future, how, when, and by whom. Planning is expected to decide today and the actions we can take from this to a desirable future. This is not to make predictions about the future, but to take appropriate decisions to make that future happen.

The conceptual foundations of Strategic Planning, do not appear until the early seventies, when triggered a global crisis that manifests itself in the rise in oil prices, shortage of raw materials and energy sources, as well as inflation two digits, which produces the stagnation of the economy and rising unemployment, especially in the U.S., as there are goods from other countries, mainly from Japan, low cost, high quality, displacing almost all international markets . (De la Cuesta, 2006)

Also their say, “This general crisis required a new type of planning that would develop the financial health of companies, regardless of negative events that might occur in their environment.”

Strategic planning is a process that feeds constantly and passes successively through three phases, says Godet, (1990):

  • Strategic phase in determining the mission and objectives of the center through identifying their strengths and weaknesses, by conducting an internal diagnosis, as well as opportunities arising from the changing environment that surrounds it.
  • Operational phase, which makes the planning of operations and coordination of efforts to achieve the objectives.
  • Budget Phase, where resources are allocated for developing the objectives, commitments and responsibilities, performance analysis and control.

As Drucker says, (1994) “Strategic Planning is a means to assess the risk and try to keep the organization adapted to optimally constantly analyzing changes in the environment and maximizing internal resources available that confer an advantage from the competition, taking advantage of opportunities more effectively. “

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Lindsay Rosenwald and His Financial Pursuits

The name Lindsay Rosenwald is surely one of the most famous names in the financial and medical industries because of his multiple achievements on those fields. He has accomplished so much, especially in the biotechnology sector. Moreover, he has been one of the most successful businessmen and has been visible in Wall Street for over 20 years.
Lindsay Rosenwald started his journey to the business world when he studied at Pennsylvania State University after he graduated from Abington High School. During the time, he became an excellent student in business as he was into economics and finance. He was also a member of Beta Gamma Sigma, the honor society of the business school. When he graduated with a Bachelor’s degree in Finance, he felt that he wanted to become a doctor. Therefore, he pursued becoming one, and studied Medicine at Temple University. He got an internship at Abington Medical Center and practiced being a physician for two and a half years.
While he was enjoying his chosen career, he came to a point when he felt that something was still missing. That was the time when he entered the business world once more and took a position as both a Physician and an Analyst. Although many people believed that doctors don’t do well in business, he has more than proven that he could excel in that field. He had the strong belief that the health care sector was a venue for good investment.
Rosenwald then started to financed biotech companies and made a profit out of them and made them part of his portfolio. Afterwards, he created more and more accomplishments such as setting the record for the quickest FDA approval of cancer drug, Arsenic Trioxide. In just two years, the drug was researched and tested, and it has been proven to manage leukemia. This indeed was a big leap in Rosenwald’s career. He also initiated bringing the stem cell business, gene treatment and cancer vaccine business to the market.
Indeed, Lindsay Rosenwald has been very influential in the healthcare and business industry. He has been a good role model for many people, especially to medical professionals who have their eyes on business as well.

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The Lower Interest of the Loans You Can Get from the VA

If you have been bored to overcome all the problems about the loans especially when you have the problems in paying all the things related to your interest and the installments, you do not have to be hopeless by taking the other loans. With the services of the VA loan refinance, you will be able to have your loan interest lowered until the lowest point so that you do not have to get confused and you do not have to get busy anymore in finding the best resolution.

There will no doubt for you to have this service for your helper. You may have the relief for your loans and you do not have to take so long time.

With the fast and safe process, you do not have to worry that you will get worse. You will get better because you may be able to have the best services and your burden will be decreased so you do not have to get busy in getting all kinds of relief for lowering your interest.

With that, you will also know all the things about the VA refinancing and you will also know about the VA refinance rates because you will only have to visit and then just take what kinds of services you want without easily.

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How does the performance of the Corruption Perceptions Index

How does the performance of the Corruption Perceptions IndexIn El Salvador, a lower perceived level of corruption now than a year ago, according to a report by Transparency International revealed on Tuesday in Berlin, Germany.

According to the Corruption Perception Index (CPI), which in the case of El Salvador is based on information gathered through five surveys, Somalia is the most corrupt of 178 countries studied worldwide, followed by Afghanistan, Burma and Iraq.

The annual report says that at the other end of the scale, the least corrupt countries are Denmark, New Zealand and Singapore tied for first place with 9.3 points from a possible 10.

The group said that some nations were particularly affected by the global financial crisis became more corrupt in the eyes of respondents, who are entrepreneurs, investors and all types of people engaged in business in the nations studied. Among the countries that grew the perception of corruption is Greece and Italy but also the U.S., which fell from number 19 to 22.

The IPC can vary between 0 and 10, where zero is the highest perception of corruption, and 10 is as clean as possible. Of the 178 countries surveyed, nearly three-quarters were below the rate of five, including El Salvador, which received 3.6 points. Last year, El Salvador had gained 3.4 points.

The corruption index of Transparency International is constructed with information from up to 13 surveys of business people and experts conducted between January 2009 and September 2010. The number of surveys made in each country depends on the particular conditions of each nation, and the 2010 report there are nations like Singapore or Thailand, where he spent nine surveys. Maximum, 10 surveys were made in India. In contrast, other nations such as Brunei, Malta, Dominica, only got three surveys.

In Central America, the perception of corruption is lower in Costa Rica, El Salvador is tied for second place with Panama, but the other Central American countries are worse off.

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Why social networks are very important to build a business

Why social networks are very important to build a businessFor a long time I have some opinions about social networking and business-related use and even better with small businesses or Sees.

The fact is that despite the fact that social networks contain and distribute a monstrous amount of information is also true that hardly a small business or company can access a small part of that information by how big it is.

Much has been said in recent months on social networks and their relationship to use for small businesses and companies but I believe that many social media gurus have had many errors with the development and maturation of these was clarified.

Here are some truths that for the moment consider some, or at least agree with them, but we’ll see in the future as they also believe that social networks are still in development and maturation:

1 .- You can be in all places:
As human beings can not be physically present in more than 1 place, similar is very difficult for a small business or company is present in all social networks for reasons of time, wealth of information and difficulty of processing it all and mainly for reasons of efficiency.

Until recently, the social networking gurus say that a company or small business should be present in all possible social networks to improve customer relations that with the flood of current information on social networks have lost its meaning long.

The best thing is to engage in one or two social networks, dominate, and developing our strategy there socializing with the ultimate goal of selling our products or services.

2. – You can not always be online:
This is a particular point with which I agree, many people, representatives or companies and small businesses, spend many hours in front of social networks and can, of course, many visitors to their businesses or companies, but if the business is staff then it is impossible to be connected to social networks 24 hours a day, which of course would leave other processes without work.

However many times I still see some people that each time income to a network are always online and do business. Will it be as productive to always be online as much time to give our business?

3 .- You can not please everyone:
This is also an important point because if it is true that social networks have been socializing, but that does not mean that everyone will agree with your way of socializing or even with your simple way of saying things.

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The need for a new approach to global business

The need for a new approach to global businessThe recent global financial crisis had questions about how to create and maintain a sustainable business in a world where market forces determine the dynamics of the global business environment. The business leaders and analysts now take time to formulate its response to the financial and management needs that arise. Some find the crisis as a perfect opportunity to start your own business and fill the new niche markets arising due to market changes, while others choose to purchase a new perspective on business strategies and solutions by gaining an MBA degree.

The international MBA programs ensure that business executives understand the evolution of global market and can drive properly and their organizations towards sustainable long-term prosperity. Business leaders and staff recruiters for companies agree that candidates with an MBA have a competitive advantage, and international experience of an MBA is an important asset. Obviously, the applications and investments to the business school have increased amid the global economic crisis of 2008-2009 and show few signs of abating.

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How solar energy development plan in dubai

How solar energy development plan in dubaiThe issue of sustainability is attracting investment. The energy company, based in Dubai, Rubenism plans to build a warehouse capable of storing solar or wind energy. The store will have a capacity to store up to 1,000 megawatts of energy in batteries made by NGK Insulators. Rubenism acquired 140 hectares of land in Baja California to build the store. This is the region called Silicon Border, with proximity to the grid in Baja California, USA.

Wal-Mart de Mexico and Central America announced its results for the third quarter, still selling like never before. However, it seems the price war that exists in the supermarket industry to win customers is already making sequels in the financial statements of the retail giant. Its operating margin fell from 8.1% to 7.3%. Although the slowdown in the Central American market also affected. Elnegocio that continues to report losses of the bank are in the third quarter reported a net loss of 132 million pesos.

With the news that Mexico was re-elected as one of 48 members of the International Telecommunication Union (ITU) for the next four years. The body belongs to the United Nations. Our country joined in 1908 the then International Telegraph Union, which became the ITU in 1934 and has served on the Board continuously since 1993. Do not forget that Carlos Slim Hello co-chairs the Committee on Broadband Digital Development of ITU. Worth taking the opportunity to give notice, some progress on the work related to the promotion of broadband.

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How is the development of world business 2010

How is the development of world business 2010Will be held on October 26 and the primary theme is “connectivity, making efficient collection processes and through electronic billing,” songs that have had enough importance to the chains or retailers.

The environment that increasingly requires companies to be more efficient, and how? With quick and accurate information. In the case of collection where the representation of the invoice information is via bar code, the actors involved will increase the quality and efficiency in their operations, reducing errors in the digitization of information and providing better quality and speed in the collection service. Obtaining benefits and value creation for customers, quality of information, elimination of fraud and falsification of invoices and quick service.

The current business world left behind practices involving commercial transactions based on paper. In its place, now has the opportunity to accompany the physical flow of e-business product that automates the steps above, from the registration and listing of the products to their billing and payment.

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How the International Financial Reporting Standards for accounting firms

How the International Financial Reporting Standards for accounting firmsThe International Financial Reporting Standards IFRS or IFRS, for its acronym in English, are a set of accounting rules and guidelines, with a high degree of detail, which gives a reasonable structure for financial reporting and corporate accounting.

These rules are becoming a universal accounting language to ensure that all countries speak the same financial language, homogenizing the frames of information and facilitating the interaction of markets, taking another step toward globalization.

In recent years, the countries of the European Union, Canada, Hong Kong, South Africa, Australia, Russia, Chile, Panama, Venezuela and Ecuador, among others, have adopted IFRS, directing the economy towards strengthening confidence investors, demonstrating the great interest in this issue for the world.

In Colombia, has recently assumed importance with the passage of Act 1314 of 2009 laying down the guidelines of the Government to move towards international accounting standards and auditing.

Colombia is using the same accounting framework since 1993, contradicting one of the premises of the profession, which stipulates the need for continuous updating, rather than rules, in the same accounting science.

“As the world continues to evolve in accounting, Colombian regulations remained silent and even many educational institutions still do not teach international standards, says Javier Encino, Associate Partner of PricewaterhouseCoopers.

When asked about the causes of this delay of nearly 20 years, one of the strongest reasons could be the dependence of the promulgation of accounting standards through legislation, with which, any changes had been made in this long period should live a very delayed. The law 1314 of 2009 thought of this and defined a more efficient mechanism.

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How the Nobel Prize in Economics by the royal swedish

How the Nobel Prize in Economics by the royal swedishThe Nobel Prize in Economics was established in 1969. The following is a list of the m {as of 60 awarded by the Royal Academy of Sciences of Sweden in the 41 years:

2010: Peter A. Diamond, Dale T. Mortensen (USA) and Christopher A. Passerines (USA), to answer fundamental questions about the functioning of the supply and demand in the labor market.

2009: neither Eli nor Nostrum (USA), for his work on property management by user associations, and Oliver Williamson (USA), for his theory of corporate conflict resolution.

2008: Paul Kurgan (USA), for his analysis of trade patterns and location of economic activity.

2007: Leonid Hurwitz (USA), Eric Masking (USA) and Roger Myerson (USA), to lay the foundations of the theory of mechanism design, which determines when markets are working effectively.

2006: Edmund S. Phelps (USA), for his research on the interaction between prices, unemployment and inflation expectations.

2005: Robert Baumann (Israel) and Thomas Schilling (USA), to broaden the understanding of conflict and cooperation through the analysis based on game theory.

2004: Finn Kidman (Norway) and Edward Prescott (USA), for their contributions to dynamic macroeconomics theory.

2003: Robert Engle (USA) and Clive Granger (United Kingdom) for his studies of statistical methods in economic time series that allows for incorporating unpredictable.

2002: Denial Kane (USA) and Vernon Smith (USA), to integrate aspects of psychological theory comportment on the economic well-being in times of uncertainty and empirical analysis laboratory, especially on alternative market mechanisms.

2001: George Aero (USA), Michael Spence (USA) and Joseph Stilts (U.S.) for his research in the theory of markets with asymmetric information.

2000: James J. Heckman (USA) and Daniel L. McFadden (USA), to design methods for understanding the economic behavior of family economies and individuals.

1999: Robert A. Mendel (USA).

1998: Marty Sen. (India).

1997: Robert C. Merton (U.S.) and Myron S. Schools (U.S.).

1996: James A. Merles (United Kingdom) and William Vickers (Canada).

1995: Robert E. Lucas (USA).

1994: John F. Nash (USA), John C. Hearsay (USA) and Reinhardt Sultan (Germany).

1993: Robert F. Fugal (USA) and Douglas C. North (USA).

1992: Gary S. Becker (USA).

1991: Ronald H. Cease (United Kingdom).

1990: Harry Markowitz (USA), Merton Miller (USA) and William Sharpe (USA).

1989: Trivet Havelock (Norway).

1988: Maurice Allays (France).

1987: Robert M. Slow (USA).

1986: James McGill Buchanan (USA).

1985: Franco Modigliani (USA).

1984: Richard Stone (UK).

1983: Gerard Debreu (U.S.).

1982: George J. Stigler (USA).

1981: James Tobin (USA).

1980: Lawrence R. Klein (USA).

1979: Arthur Lewis (USA).

1977: James Edward Meade (United Kingdom) and Bertie Goatherd Olin (Sweden).

1976: Milton Friedman (USA).

1975: Tallying C. Kopsas (U.S.) and Vitaliyevich Leonid Kantorovich (Russian).

1974: Gunner Myra (Sweden) and Friedrich August von Hayek (United Kingdom).

1973: Sassily W. Leonie (U.S.).

1972: John Richard Hicks (United Kingdom) and Kenneth Joseph Arrow (USA).

1971: Simon Smith Kunzites (U.S.).

1970: Paul Anthony Samuelson (USA).

1969: Jan Tin Bergen (Netherlands) and Ranger Anton Kittle Frisch (Norway).

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