As operations management deal with the improving manufacturing performance of a firm, it involves the responsibility of assuring that a firm’s operations are well-organized through the proper utilization of resources that the customers’ needs and demands can be fulfilled in an efficient manner. The primary purpose of operations management is to convert raw materials into …

Strategic alliances are also known as strategic partnerships. A Strategic alliance is a collaborative arrangement between two or more companies. It does not entail forming a new organizational entity. The partners in Strategic alliances have on formal ownership ties like joint venture. Strategic partnerships and alliances have replaced joint ventures as the favored mechanism for …

The auditor should develop and document an overall audit plan describing the expected scope and conduct of the audit. When the record of overall audit plan will need to be sufficiently detailed to guide the development of the audit program, its precise form and content will vary depending on the size of the entity, the …

Syndicated bank loan is one in which a group or syndicate of banks provides funds to the borrower. The need for a group banks arise because the amount looking by a borrower may be too large for one bank to be exposed to the credit risks of that single borrower. Therefore, the syndicated bank loan …

The Basel II has defined a structured framework comprising three pillars such as Pillar I, II and III. Pillar I sets out minimum capital requirements. Pillar II defines the process of supervisory review of a financial institution’s risk management framework. Pillar III determines market discipline through improved disclosure. Basel II capital accord is known for …