Wendy Chibesakunda MBA International Business Methods: Recent Episodes
Wendy
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The importance of capital injection and why your business must go on.
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Sometimes all you need is a good book entrepreneurial or otherwise to uplift your spirit.
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It can go either way: accurate or completely wrong.
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Each type of Generative AI model is used for various applications.
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The global business ecosystem is improving and you might want to consider spreading your business investment.
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Don't be limited by your own limiting beliefs and don't build an army from it like its a party of approval.
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Make those connections, build those relationships and grow, so that others can grow with you.
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A lot of things ate generated after travel and thankfully business networks are getting re established
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A lot of Business decisions need a healthy brain
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A good organization structure speaks volumes.
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Global Regulation of Health and controlling business disruption.
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What have you done and what are you planning to do? Very crucial for awareness and good healthy habits.
Implementing Corporate Governance for small businesses demonstrates responsible practices which lead to long term benefits.
Climate Finance targeting includes a global goal for adapting to the effects of Climate.
The myths do exist and addressing these myths helps you take new approaches to adapt in a dynamic marketing world.
The focus is on economic disempowerment and the campaign theme for 2024 is ' Inspire Inclusion.'
Provisions, Contingent Assets and Contingent Liabilities have to be appropriately recognized and measured.
The Standards covered are:
IAS 32, IAS 39 IFRS 7 and IFRS9 these standards are essential for the sake of consistency.
Profits, Growth, Efficiency, innovation are just the mutual benefits of Foreign Direct Investment.
The global trends may to an extent dictate what is to come, but the region also plays a part.
The process is personal as opportunities are found, identified, a business is planned, resources are found and the growth process starts.
Our very first guest expresses her experience as a young person in business and her experience as a woman.
Mentioning the topics to be covered:
1. Commercial Transactions
2. Financial Management & Accounting
3. Marketing
4. Economic Education
The relationship between the two cannot be underrated and the more understanding, the more information is disseminated to act as a control measure.
The bridge in this fragmented world for the fragmented banking industry is trust and technology.
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Awareness and Empowerment of Economic Education is much better than the decision not to participate.
Very important to keep track of your present and future clients for purposes of Retention and Growth.
The Quantity and Quality of the Traffic that flows to your website matters, it is important to be visible.
You are here reminded of the upside and downside that can affect your mental health either way
Human like conversation, flexibility, automated answers etc the list goes on but Chat GPT is an essential tool.
This is the best time to be a Youth, you're practically unlimited, embrace vulnerability, stay string & adapt.
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Good and Healthy competition must be accepted, find out why.
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The Theory is used & fused in Marketing and find out how it works.
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Competition is necessary, but do not go far ahead of yourself and eliminate the competition that could prove to be healthy.
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This plays a big role in a customer's purchasing decision.
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Some products are generic, others are branded granting access according to the needs.
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Marketing brings awareness, consumer satisfaction, motivation etc
Let it play it's magic.
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This is where you see conversation playing an important role.
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Is it true that you get what you give? Find out in this episode.
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Marketing Management II
The Objectives, the target list, value proposition, relationships and success measurement all play a big role for impressions, leads, cost and other aspects of Marketing.
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The function of Product/Service Management, Market information, pricing, distribution , selling and promotion are some activities of Management that require Professional Discipline.
Its not just about selfies, there is a lot of work and intelligence in the background and the intelligent ones will use it to the max!
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There is a lot of work that goes in: Research, Development, Pilot Projects etc all this to ensure that Standards are observed and the end user has a quality product.
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For goods and services, there is a lot going on, online.
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Consulting, Content Management, Social Media Marketing etc are some of the trends, but listen up you might learn a thing or two
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Discover the elements of marketing and why the adage of: ' The Customer is Always right' has a ring of truth.
Businesses have learned that growing the base of their clients sometimes requires giving free of charge services.
The present is right now, so focusing on your sales at the present moment is extremely important, draw the people who will buy.
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Marketing is very strategic and apart from good looks, you actually need the personality & skills to go with it.
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There are many forms of Marketing, put yourself in gear as we move on from contracts, to trade and now marketing.
Pledges: A promise or undertaking to give security for a loan.
Pawn Brokers: A business or individual that offers secured loans.
This kind of alignment in Intellectual Property is always a plus and understanding is required.
Negotiable Instruments are chooses in action and are written documents which represent money.
Every country has its own monetary policy, it is important to understand why Economic Development requires it.
A very important book of Original Entry and accounts recording regards it as a cornerstone.
If you want to get a loan, be rest assured, they're are different options that you can settle for.
In times of war, when profits are made beyond a certain threshold, Excess Tax Profit is required to be paid.
It is important and key to know the different types of Banks & the types of Investment they offer.
An Essential element, not so welcome, but a cornerstone for the highest standards & highest priority for disclosure & information sharing.
Bankruptcy proceedings start when an insolvent debtor files a petition of bankruptcy before court and any creditor with a provable debt can petition.
Understanding what National Income is, is one of the keys to savings and Economic Development
Financial institutions are businesses that provide different types of financial services to customers.
Consolidated financial statements are the "financial statements of a group in which the assets, liabilities, equity, income, expenses and cash flows of the parent company and its subsidiaries
A consolidated statement of income reports the expenses, revenue, and income of a parent company and those of its subsidiaries. In this financial statement, the assets, liabilities, cash flows, income and equity of a company and its divisions are stated.
It is important to assess the Financial Environment because it is universally acknowledged as crucial to a healthy financial system.
Similar to the concept of a contingent liability is the concept of a contingent asset. A contingent asset is a possible asset that arises from past events and whose existence will be confirmed only by the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the entity.
Liabilities are settled over time through the transfer of economic benefits including money, goods, or services. A financial asset is a liquid asset that gets its value from a contractual right or ownership claim.
A "credit default swap" (CDS) is a credit derivative contract between two counterparties. The buyer makes periodic payments to the seller, and in return receives a payoff if an underlying financial instrument defaults or experiences a similar credit event
Financial statements are written records that convey the business activities and the financial performance of a company.
capital recovery, is an accounting concept based on the principle that a company's income should only be recognized after it has fully recovered its costs or its capital has been maintained.
An accounting ratio compares two line items in a company's financial statements, namely made up of its income statement, balance sheet, and cash flow statement.
Inventories regard the cost and net realisable value and the interchangeables thare measured by First in and First out or Weighted Average Method only.
Consolidated financial statements show aggregated financial results for multiple entities or subsidiaries associated with a single parent company. Contrastingly, a consolidated financial statement aggregates the numbers of both the parent company and its subsidiaries.
Financial statements shall give a true and fair presentation of the financial position, financial performance and cash flows
The conceptual framework is centered on the usefulness of information contained in the financial statements which is very important .In a broad sense a conceptual framework can be seen as an attempt to define the nature and purpose of accounting.
Current Tax is provided on the taxable income using the applicable tax rates and tax laws. Current Tax is determined as the amount of tax payable in respect of taxable income for the period. Current year tax is the amount of tax payable.
Three broad areas in finance have developed specialized institutions, procedures, standards, and goals: business finance, personal finance, and public finance.
An options trade always has two sides: a buyer and a seller. Sellers, also known as writers, are obligated to buy (with puts) or sell (with calls) the underlying security if the buyer decides to exercise the option, or if the option expires in-the-money.
How the payments world will look in terms of politics and regulation, economics, social, technology and operations.
A leveraged buyout is one company's acquisition of another company using a significant amount of borrowed money to meet the cost of acquisition.
Digital currency is any currency, money, or money-like asset that is primarily managed, stored or exchanged on digital computer systems, especially over the internet. Types of digital currencies include cryptocurrency, virtual currency and central bank digital currency.
Money serves three basic functions. By definition, it is a medium of exchange. It also serves as a unit of account and as a store of value
A money order is an alternative, safer payment to cash. It acts like a check and you can buy it with cash or a debit card at banks, post offices or Financial institutions, it is a more trusted method of payment than a cheque.
A financial forecast is an estimation, or projection, of likely future income or revenue and expenses, while a financial plan lays out the necessary steps. The purpose of business forecasting is to develop better strategies based on these informed predictions. Past data is collected and analyzed through quantitative or qualitative.
A special purpose acquisitions company is essentially a shell company set up by investors with the sole purpose of raising money through an IPO to eventually acquire another company.
Most Revenue Services define passive income as income from two sources: rental property or a business in which one does not actively participate, such as being paid book royalties or stock dividends. Other sources identified are: limited partnership, or other enterprise in which a person is not actively involved.
There are two main measures of liquidity: market liquidity and accounting liquidity.
Liquidity is a company's ability to raise cash when it needs it Accounting liquidity refers to the amount of ready money a company has on hand; investors use it to gauge a firm's financial health.
Market liquidity refers to the extent to which a market, such as a country's stock market or a city's real estate market, allows assets to be bought and sold at
The new understanding helps them make informed and calculated decisions. It is basically understanding and gaining knowledge and skills in finance in the business world. It's a relatively new term Financial intelligence also helps to increase your confidence.
Good will is the favor or advantage that a business has acquired especially through its brands and its good reputation over a period of time.
GOODWILL VALUATION: Simple Average – In this process, goodwill evaluation is done by calculating the average profit by the number of years it is called years purchase. It can be calculated by using the formula. Goodwill = Average Profit x No. of years' of purchase.
A feasible global cross-border solution, as it would require payees and payers around the world to transact less expensively and very effectively. It also provide services in currency pairs for which there is high turnover, using incoming payments to fund outgoing payments in the same currency to minimise costs.
Soul Jazz
by Francisco Alvear
The Cash Conversion Cycle (CCC) is a metric that shows the amount of time it takes a company to convert its investments in inventory to cash, or the amount of time a company needs or takes to convert funds invested in production and sales to cash it is an indication of operational efficiency as well as financial health. The cash conversion cycle tells us how fast and efficient a business can be in converting its invested cash into cash from sales.
Soul Jazz
by Francisco Alvear
M-Commerce, short for Mobile Commerce, is a branch of commerce that deals with the digital transactions made from the smartphone. It doesn't require physical presence, but carries out digital transactions right inside mobile devices. M-commerce entails the e-commerce transactions done with a mobile phone. So M-commerce is the use of mobile phones to conduct any type of business
Regulation can be at a personal level, private level or Government level and this is meant to control social behavior to account for and penalize fraud or breach. Regulation helps to set standards that must be complied with for quality control.
Depending on the needs of the country , whether short term or long term, the foreign exchange regime will be chosen to address any issues at hand.
Bretton Woods Conference determined World Bank, IMF and GATT with the Gold Standard equal to $35.00/ounce. The USA was the first to float its currency.
The foreign exchange (also known as FX or forex) market is a global marketplace for exchanging national currencies against one another. An Exchange Rate is a price paid for one currency in exchange for another. It is this type of exchange that drives the forex market.
Borrowing money is normal and a part of life, we have all borrowed once or twice at one time or the other and entered into debt . there are Debt Management frameworks to help you manage your debt as well as Credit Scores to consider. Some countries have debt management programs and simply advise that you enroll A Debt Management Plan (DMP) allows you to pay off your debts at a rate you can afford.
DEBT CONSOLIDATION: best works for people have been stuck in debt for a long time, then DEBT SETTLEMENT and DEBT REVIEW. Paying back a debt is a matter of interest and there are managers that offer free services as well as paid for services.
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FOREIGN EXCHANGE
The foreign exchange market is the world’s largest financial market that decides the exchange rate of currencies. Also known as the forex or currency market, it is where different types of currencies are traded. This global market has two tiers. The first is the interbank market. The second tier is the over-the-counter market. That's where companies and individuals trade.
PERSONAL: On a personal level, you have your income, then the income taxes to pay, your personal expenses to think about like maybe rent, school fees, medical bills , your share of other taxes to pay etc
GOVERNMENT: IT DEPENDS on the level of economic activity and what the government has spent on and Increases in government purchases or reductions in the tax rate are examples of expansionary fiscal policy. Decreases in government purchases or increases in the tax rate are called contractionary fiscal policy.
The importance of Tax is highlighted and the different kinds of Tax are outlined and why the government needs to collect tax
You need to have prior knowledge and skills whether formal or informal, there has to have been a way you got the numerical skills that have been to taught you the value of money. Do not wait for a Financial Crisis for you to understand that checks and balances are important and as a matter of fact, everyone relies on the budget and when you infringe or trespass on their budget, the common answer is that you are not on the budget. Once you realize that you are unbudgeted for, you take to heart the concept that you cannot rely on another person’s pocket especially if there are no legal obligations to do so.
Credit Agreement come in handy for a business that wants to expand, purchase equipment or that needs finance in the day to day running.
What is important is to have accurate information on the lender, the amount required and duration of borrowing.
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These are service agreements that require skill, independent contracts and self motivation.
The relationship of Agent and Principal, the relationship between an Agent and Third Party and The Relationship between a Principal and Third Party.
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Contacts that are mainly associated with Construction or Project Management.
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Some contracts have to be confidential for intellectual property reasons or control purposes.
A smart contract is a computer protocol intended to digitally facilitate, verify, or enforce the negotiation or performance of a contract. Smart contracts allow the performance of credible transactions without third parties.
Cross Border Contracts are slightly different from the everyday contracts and here is a helpful summary on contracts and obligations.