Management Game

Strategic Decisions
1. Capital budget: decision process when making investment projects
  1. Its objective is:
    1. to evaluate investment options in assets.
      1. How it is achieved: optimizing mechanisms of analysis, selection and execution.
        Investment classes: independent, dependent, prerequisite.
Strategic management:
1. defines the direction of the business in the immediate future.
  1. Its objective:
    1. to analyze strategic management in organizations.
      1. What for: for decision-making and responding to the demands of the competitive environment
Basic concepts for Decision Analysis:
1. Any interaction contains at least the following elements
  1. Agent Actions: Events that depend on the agent
  2. Reactions of the environment: effects produced by the actions of the environment
  3. Satisfactions or consequences: effects produced by the reactions of the decision-maker
Effectiveness in decisions: capacity for an alternative for action
1. Determined by three factors:
  1. Operability of an alternative: Efforts or cost, ability of an agent to make efforts or assume costs
  2. Effectiveness: Ability of action to cause reaction Validity of the action: Degree of satisfaction produced by the reaction. Short-term decision making.
  3. Validity of the action: Degree of satisfaction produced by the reaction.
Short-term decision making.
1. Diagnosis of liquids: seeks to corroborate if the company is viable for a short-term debt.
  1. To do this: it is reviewed that the proportions of current assets are greater than those of current liabilities
    1. If it is met: the most relevant items of current assets and their level of risk are verified
Indicadores de liquidez:
1. Current ratio: = current assets over current liabilities = times
2. Net working capital: = current assets – current liabilities = $
3. Acid test: = current assets – inventory on current liabilities = times
Cash: this for the immediate availability of companies
1. Cash equivalents: they are part of the management in the cash management of companies.
  1. They must be had to: meet daily obligations, face future cash needs, meet banking requirements.
Financial markets:
1. They are divided into:
  1. Capital Markets: Channel Capital Resources to Finance Investment Programs
    1. Specializes: in the medium and long term
  2. Money market: to finance working capital needs and to invest temporary surplus liquidity.
    1. Specializes: short-term
    2. Investment opportunities in the money market:
      1. Having as issuer the banks and financial corporations: current account, savings account, CDAT and CDT, repos
      2. Having trust companies as the issuer: it seeks to achieve better results, but cannot guarantee a guaranteed profitability. it is negotiated with investment trusts.
      3. Having as issuer the direction of the national treasury: bonds issued by the government
      4. Having as issuer the Bank of the Republic: as a liquidity operation for the Colombian financial system.
      5. Having private companies as issuers: they directly issue different types of securities, both fixed income and variable.
Strategic tools: a support to the management decision-making process
1. Background, analysis doFa and doFa matrix, The Competitive Forces of porter, generic strategies, quantitative matrices of strategic pLaneaciÓn, modeLo of systems ViaBLes of Beer, innoVaciÓn in VaLor,
Evaluation of financial indicators:
1. Main indicators to know the financial health of the company
  1. Gross margin: net sales – cost of products sold
  2. Net margin: gross sales – all sales deductions
  3. Operating margin: operating income on revenue
  4. Return on assets: net income divided by average total assets
  5. Return on equity: net income divided by total equity

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Management Game

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