Navitas

The budget is a critical planning tool for an organization. When developing a budget, it is important to be as concrete and specific as possible about future income and expenditure. The budget must consider direct and indirect costs and enable the organization to allocate and plan for the coming year. Budgets are prepared before the start of the fiscal year, so unknown factors need to be predicted. Budget analysts review historical trends as well as make assumptions about upcoming expenses to try and accurately predict the organization's financial situation for the year ahead.  After doing a thorough research on property development, these are some of the economic factors that help to formulate our department's budget.  Exchange Rate of Australia -  There is a direct effect on the prices of goods and services produced in Australia relative to the prices of goods and services produced overseas.  The indirect effects of exchange rate movements arise bec...

                    Risk is inherent in everything we do.  In business, as in our everyday lives, the way risk is managed is an integral part of success.  The need for and importance of risk assessment and risk management is now widely regarded in successful commercial and public sector organisations.  Organisations that fully understand and appreciate their risk profile and environments can make informed decisions on how to best achieve their objectives.  Organisations that fail to recognize and manage their risks can destroy value for their stakeholders, squander resources and ultimately damage their image and reputation. Here's a look at three of the biggest risks that management, marketing, and other business consultants face every day. #1: Data Breaches           You're probably sick of hearing about data breaches in the news. But the truth is that they're not going...

      Based on a research done by Gallup Organisation, it is said that people who have best friends at work are seven times more likely to be engaged with their jobs. This illustrates that building good relationship in your workplace in essential to improving your work efficiency. Today, I will discussing 3 ways on how to build positive relationships in a workplace. #1 Develop your people skills Firstly, it is important that you master comfortable body language . Active listen by nodding, listening and paying full attention to that person you are talking with are common ways to show that you are handling your body language well.  Other than that, understanding cultural norms . Each individual in a workplace might come from different backgrounds or even different countries, it is important that we show respect to each other. For example, instead of shaking hands, Japanese will bow to each other during their meeting to show utmost respect.  ...

            With the fast-changing landscape of the industry, many business organisations are facing challenges every single day. However, small business firms tend to not be as stable as compared to bigger firms, mainly due to financial reasons. With lesser capitals, lesser profits and lesser cash flow, these seem to be the problems that are restricting smaller business firms to expand their businesses. There are a few major reasons to it.  #1 Advancement of Technology        As I have previously mentioned, small companies usually do not have sufficient funds to keep upgrading their internal or external systems from time to time as they are very costly.  How to avoid it: Devote time and energy in finding the correct accounting software programs for your company, or to find outsourcing firms that offers them as a package. This helps firm to not spend unnecessary money and also to maintain their budget....

So, what is blogging? I'm pretty sure 9 out of 10 of you have probably heard of bloggers ranging from fashion bloggers, lifestyle bloggers, food bloggers and so on. Generally, blogging allows bloggers to write different articles about their specific blogging fields and as well to share useful knowledge with people around the world, or at least, in the world of the internet!         Today, I will be giving a few basic tips on 'How to Blog' if you are someone who wants to pursue online blogging as a career.  Tip 1 - Select a creative domain for your blog.  People are often attracted to creative names for blogs. Avoid choosing boring names such as your full name, unless you have a really unique name or nickname. For example, Cheeserland .  Ringo Tan, better known as 'Cheeserland', is a famous Malaysian blogger who shares about her lifestyle with her readers. She started her online blogging career since 2004 till today....