Beyond Budgeting

is to maximize its value, which is the present value of current and future profits. Principle Profit Maximization Maximizing profits means maximizing the value of the firm, which is the present value of current and future profits. While it is beyond the scope of this book to present all the tools Wall Street analysts use to estimate the value of firms, it is possible to gain insight into the issues involved by making a few simplifying assumptions. Suppose a firm’s current profits are p0, and

banking), Schroders plc (fund management), BNP Paribas (investment banking), Lloyds TSB plc (corporate banking), The Royal Bank of Scotland plc (investment banking), and the British National Health Service He has developed advanced databases for budgeting, business planning, trading reporting, and profit and loss reporting. He has qualified as an accountant with the Association of Chartered Certified Accountants and is now a Fellow of the Association. He is also the author of Excel VBA…

any business logic not concerned with validation within your UI components. Business Process Components. For applications that are more complex, applications that support transactions, or applications that contain basic business logic that extends beyond UI validation, consider locating the business logic in separate components that are used by the UI components. Domain Model. For complex enterprise applications, where the business logic is shared among multiple applications, consider…

Fayol, Administration Industrielle et Générale, in Costa, 1996) Nesta sequência e segundo a mesma fonte, posteriormente outros autores criaram o conhecido acróstico POSDCORB (Planning, Organizing, Staffing, Directing, Coordinating, Reporting, Budgeting). No entanto, como refere Dick Weindling, “A maioria dos estudos (…) confirmam que grande parte do tempo dos directores é gasto em interacções com pessoas e que a ‘manutenção’ destes factores domina o seu dia” (cit. in Barroso,…