Microsoft Excel has been my most-used tool for calculation and data analysis for many years thanks to its various benefits, including user-friendly interface, fast formula-based computations and quick data visualization. However, it suffers from several limitations. The first one is... Read more
When you look at financial statements of a company, how do you know whether the company is doing well? Or is it financially strong or vulnerable? The following ratios will help you in that assessment. Basically, financial ratios can be... Read more
The Balanced Scorecard (BSC) is a strategic performance management tool developed by Robert Kaplan and David Norton in the early 1990s. It provides a comprehensive framework that translates an organization’s vision and strategy into a coherent set of performance measures.... Read more
Porter’s Five Forces Model, developed by Michael E. Porter in 1979, is a powerful tool for analyzing the competitive forces that shape every industry and influence an organization’s ability to compete. This model helps businesses understand the dynamics of their... Read more