ABC costing is a costing system that assigns costs to activities rather than to products or services. The main purpose of ABC costing is to provide managers with accurate information about the costs of activities, so that they can make better decisions about how to allocate resources. In traditional costing systems, costs are assigned to … Read more
Equity crowdfunding is a method of raising capital in which funds are raised from a large number of investors, typically through an online platform. Equity crowdfunding allows startups and small businesses to raise funds by selling equity in the company to investors. This type of crowdfunding is different from traditional crowdfunding, which typically involves raising … Read more
The chief process and innovation officer (CPIO) is responsible for leading and managing the process and innovation function within an organization. This includes developing and implementing process and innovation strategies, initiatives, and programs. The CPIO also works closely with other senior executives to ensure that the organization’s process and innovation efforts are aligned with its … Read more
Collaborative consumption is a term used to describe the sharing of goods and services by individuals and organizations. It is also sometimes referred to as the sharing economy, collaborative consumption, or the collaborative economy. There are a number of different platforms and models that fall under the umbrella of collaborative consumption, but they all share … Read more
The retail apocalypse is a term used to describe the closing of many brick-and-mortar stores and the rise of online shopping. It is also used to describe the decline of the retail industry as a whole. The term was first coined in the early 2000s, but it gained popularity in 2017 after a number of … Read more
A project constraint is a limit or restriction that is placed on the project. There are three types of constraints that can impact a project: time, cost, and scope. Each type of constraint has an impact on the other two, so it is important to manage all three types of constraints throughout the project. Time … Read more
