What are Management Theories? Management theories are concepts surrounding recommended management strategies, which may include tools such as frameworks and guidelines that can be implemented in modern organizations. Generally, professionals will not rely solely on one management theory alone, but instead, introduce several concepts from different management theories that best suit their workforce and company…
What is Personal Goodwill? Personal goodwill is the intangible value that arises from the efforts or reputation of a business owner or other individual. It means that the value is only associated with the person working within an organization and not the business itself. In accounting and finance, goodwill is an intangible asset, whose value…
What is Team Cohesion? Team cohesion is the strength and extent of interpersonal connection existing among the members of a group. It is this interpersonal bond that causes members to participate readily and remain motivated to accomplish the set goals. Cohesive teams have an attitude of “we-ness.” Breaking Down Team Cohesion Team cohesion is a…
Communication Skills Being able to communicate effectively is one of the most important life skills to learn. Communication itself is defined as transferring information to produce greater understanding. It can be done vocally (through verbal exchanges), through written media (books, websites, and magazines), visually (using graphs, charts, and maps), or non-verbally (body language, gestures, pitch…
What is the PERMA Model? The PERMA Model represents the five core elements of happiness and well-being. PERMA basically stands for Positive Emotion, Engagement, Relationships, Meaning, and Accomplishments. American psychologist and educator Martin Seligman designed the PERMA Model. As a psychology practitioner, Seligman understands how natural it is for individuals to continuously seek for what makes them…
What is Delegating? Delegating refers to the process of assigning tasks, duties and decision-making authority to others within an organizational team. It is a focused approach that allows leaders to distribute work based on individuals’ skills, abilities and talents. By delegating tasks to team members, leaders free up time to focus on higher-value activities while also…
Due Diligence Overview and Job Description The process of due diligence requires in-depth auditing, verification and research of accessible financial information and company data to lower risk and promote the success of mergers and acquisitions or large investments. A career in financial due diligence presents the opportunity to give decision-makers the information they need to…
What is Employee Training and Development? Employee training and development refers to the continued efforts of a company to boost the performance of its employees. Companies aim to train and develop employees by using an array of educational methods and programs. In the past few years, training and development have emerged as a crucial element…
What is Continuous Accounting? Continuous accounting is an approach to a company’s accounting cycles management that embraces the advancements in information technology and redefines the operations and role of finances in the corporate structure. The continuous accounting approach is a new alternative to the traditional accounting method, in which the largest amount of work is…
How to Get a Job in Investment Banking? After spending several years in investment banking we’ve seen hundreds of resumes and conducted countless interviews with new analysts and associates. The advice below is a guide based on my firsthand experience of what is the most effective way to get a job in investment banking. Step…
