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Tag: global business


Feb

06

2020
How You Can Use Blockchain in Your Business

How You Can Use Blockchain in Your Business

You may have heard how Bitcoin was created through the use of a blockchain. If you haven’t, Bitcoin uses a blockchain to record transactions. The intriguing part of the blockchain is how it is a public ledger, thus anyone can look at the blockchain to see the data inside of a block. This public data storage has a lot of potential in todays digital age....

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Jan

03

2020
FIFO Vs LIFO: The Basics on These Two Inventory Valuation Methods

FIFO Vs LIFO: The Basics on These Two Inventory Valuation Methods

Keeping track and valuating your inventory is a must for any company. In the US, we value inventory both at the beginning and end of the year. To do this, company’s mainly use either the FIFO method (first in, first out) or the LIFO method (last in, first out). Each method has different implications for your company, so today we will compare the two to...

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Jan

02

2020
Deciding on the Right Staffing Policy for a Multinational Enterprise

Deciding on the Right Staffing Policy for a Multinational Enterprise

Multinational enterprises or MNE’s are complex organizations, since they are global entities. Choosing the right staffing policy for your MNE is critical for your MNE to have success on the global stage. Today we will go over the ethnocentric staffing policy, polycentric policy, and the geocentric policy, which can help you decide which is the best approach for your MNE. Ethnocentric Staffing Policy By definition,...

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