MANAGEMENT BY OBJECTIVES - MBO
A management system that aims to improve performance of an organization by defining objectives, which both the management and employees agree to. The model suggests having a clear goal setting and action plans must ensure better commitment and participation among employees, as well as realignment of objectives throughout the organization. Management Guru Peter Drucker first designed this management system in his book, The Practice of Management, in 1954. Implementing MBO in companies improve employees’ motivation and commitment, ensures better communication between management and employees.
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Relativity Trap
A psychological trap that leads people to make irrational choices when making spending decisions. The relativity trap is often exploited by savvy m ...
Black Wednesday
The UK government was forced to pull out the sterling from the European Union’s exchange rate mechanism on September 16, 1992. Five years lat ...
Cash and Cash Equivalents - CCE
Company assets, stated in its balance sheet, which are in cash form or can easily be converted into cash.
Third Party
Individual or company other than the principals that is part of a arrangement or transaction. Frequently, this party has lesser interest in the dea ...
Retirement Method of Depreciation
An accounting procedure in which an asset is expensed for depreciation purposes only when it is removed from service instead of allocating its cost ...
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 16:00 | Existing Home Sales | Mar | |
| 05:00 | Credit Card Spending | Mar | |
| 07:00 | BOJ Core CPI | Mar | |
| 08:00 | Prelim Machine Tool Orders | Mar | |
| 14:30 | Wholesale Sales | Feb | |
| 15:00 | House Price Index | Feb | |
| 16:00 | New Home Sales | Mar | |
| 16:00 | Richmond Fed Manufacturing Index | Apr | |
| 16:00 | Consumer Confidence | Apr |
