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Editor

Shoestring Budgets

By Editor on 29th Feb 2008

Shoestring budgets are very small budgets which have been set aside for particular projects.

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Editor

Jekyll and Hyde

By Editor on 26th Feb 2008

A Jekyll and Hyde situation is, as the name suggests, a situation which from the outlook appears positive but upon closer analysis reveals that it has an underlying negative side. The term can be applied to three different areas but has in each area more or less the same meaning. In a financial sense, it refers to the strengths and weaknesses of a company's financial statements. For example, a financial statement which seems to show strong performance may reveal

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Editor

Mothballing

By Editor on 22nd Feb 2008

To mothball a project is to defer it or shelve it indefinitely. Mothballing can also refer to the process of storing machinery on a long-term basis. Storing machinery on this basis means that it is kept in full working order and that production may be restored quickly if needed. As a production strategy, mothballing has its advantages. For companies with high operating costs, mothballing means that they are able to produce goods upon demand as opposed to

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Leverage

By Editor on 21st Feb 2008

debt in financial terms), to expand a company's share of the market and generate a higher level of income. The advantage of leverage is that a company can invest in an area of business without damaging their equity. The disadvantage is that the interest payments on the loan may be more than the money made on the investment product meaning that the company loses money.

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Insourcing

By Editor on 20th Feb 2008

Insourcing is the practice of carrying out work in house that has previously been contracted out to a third party. This practice gives organisations more direct control over important projects and can be achieved in two ways. Companies can bring in specialists as and when required to fill temporary posts or they can look for people already within the organisation who may have the potential ability to carry out the task. Searching within an organisation can

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