Operating activities are the principal revenue-producing activities of the entity and other activities that are not investing or financing activities. The amount of cash flows arising from operating activities is a key indicator of the extent to which the operations of the entity have generated sufficient cash flows to repay loans, maintain the operating capability […]

Operational Planning Concept Operational plan contains the details of the way how should be implemented the strategic plan on the organizations’ daily activity. Usually is performed by the intermediate managers, with the cooperation of the supervisors. Operational plans can originate two types of plans: Unit use plans, used in situations that occur only one time […]

OPEX Concept OPEX is the English acronym for Operational Expenditure and that designates the amount of money used to maintain in operation the capital goods of a company, namely the equipments and facilities. So, OPEX is the cost continuously spent to maintain the production of a product or service to keep a business or a […]

Organization Concept Resorting to the classical concept, we can define any organization as a group of two or more people who perform tasks, either in group, either individually but in a coordinated and controlled manner, performing on a certain context or environment, looking to achieve a pre determined goal through the effective affectation of several […]

Organization Activities Concept Organization activities is one of the four management classical functions and corresponds to the creation of organization structures and to the definition of a group of rules and performance ways as well as the hierarchy position or authority and of the responsibilities of each member inside the established structure. Correspond, by other […]

Organizational Aims Concept The organizational aims correspond to the results desired in an organization. Unlike the mission (that is defined in a generic form and not quantified), the aims must be specifically expressed and respect a series of requirements, namely: Hierarchy: concerns the hierarchy of the aims in order of importance or priority, which will […]

Organizational Climate Concept: The expression Organizational Climate designates the collective perception that the employees have of…

Organizational Culture Concept: According to L. Smircich’s definition in “Concepts of Culture and Organizational Analysis” Organizational Culture…

Organizational Resources Concept: Organizational Resources represent all resources available to the organization and necessary for…

Organizational Structure Concept: The Organizational Structure is the connection link between the organizations’ strategic guidelines and…