Management

Collusion refers to an illicit agreement between two or more entities, typically businesses, to cooperate rather than compete in a market. This collaboration aims to manipulate market outcomes such as prices, production levels, or market shares to their advantage, often at the expense of consumers and competition authorities. Key Features of Collusion 1. Definition and

A command economy refers to an economic system where the government or a central authority controls and manages all aspects of economic activity. In this system, decisions regarding production, allocation of resources, pricing, and distribution of goods and services are centrally planned and directed by the government. Key Characteristics of a Command Economy 1. Central

A Company Doctor refers to a professional who provides advisory and consultancy services to distressed or underperforming businesses. Their primary role is to diagnose financial, operational, or managerial issues within a company and recommend strategies for recovery and improvement. Key Responsibilities 1. Diagnostic Analysis: 2. Strategic Recommendations: Role in Practice A Company Doctor typically engages

A Company Limited By Guarantee is a specific type of legal structure used primarily by non-profit organizations, charities, clubs, and associations. Unlike companies limited by shares, where ownership is based on shares held by shareholders, a company limited by guarantee does not have shareholders. Instead, it has members who act as guarantors, agreeing to pay

A Company Limited By Shares refers to a type of business entity where the liability of its members (shareholders) is limited to the amount unpaid on their shares. This structure is prevalent in many jurisdictions globally and is often chosen for its clear delineation of ownership and liability. Key Points to Understand 1. Structure and

A Company Secretary plays a crucial role in the governance and administration of a company. They are responsible for ensuring that the company complies with legal and regulatory requirements while facilitating effective communication between the board of directors, shareholders, and other stakeholders. Key Responsibilities 1. Corporate Governance Oversight: 2. Communication and Disclosure: 3. Legal and

A Compensation Fund refers to a financial pool or reserve set up by organizations or governments to provide financial assistance or compensation to individuals or entities in specific circumstances. These funds typically serve to cover liabilities arising from unforeseen events, risks, or obligations. Key Functions and Purposes 1. Risk Mitigation and Protection: 2. Legal Compliance

Competitor intelligence refers to the process of gathering, analyzing, and using information about competitors’ activities, strengths, weaknesses, and strategies to make informed business decisions. It plays a crucial role in strategic planning, market positioning, and maintaining competitive advantage in various industries. Key Aspects of Competitor Intelligence 1. Definition and Scope: 2. Importance in Business Strategy:

A compliments slip is a small piece of stationery used by businesses and organizations to accompany documents or packages sent to customers, suppliers, or partners. It typically contains a brief message of appreciation, thanks, or acknowledgment, printed on a small piece of paper, usually with the company’s logo and contact information. Key Aspects of Compliments