factoring

Examples of factoring in the following topics:

• Factoring Accounts Receivable

  • Factoring is a financial transaction whereby a business sells its accounts receivable to a third party (called a "factor") at a discount.
  • There are two principal methods of factoring: recourse and non-recourse.
  • On the other hand, the factor assumes the entire credit risk under non-recourse factoring (i.e., the full amount of invoice is paid to the client in the event of the debt becoming bad).
  • Factors never assume "quality" risk, and even a non-recourse factor can charge back a purchased account which does not collect for reasons other than credit risk assumed by the factor, (e.g., the account debtor disputes the quality or quantity of the goods or services delivered by the factor's client).
  • The sale of the receivables essentially transfers ownership of the receivables to the factor, indicating the factor obtains all of the rights associated with the receivables.

• Herzberg's Two-Factor Theory

  • The Two-factor theory indicates that one set of factors at work cause job satisfaction, while another set of factors cause dissatisfaction.
  • The Two-factor theory (also known as Herzberg's motivation-hygiene theory and Dual-Factor Theory) states that certain factors in the workplace cause job satisfaction, while a separate set of factors cause dissatisfaction.
  • If management is equally concerned with both satisfaction and dissatisfaction, then managers must give attention to both sets of job factors.
  • Essentially, motivation factors are needed to motivate an employee to higher performance.
  • Hygiene factors are needed to ensure an employee is not dissatisfied.

• Classical Theory of Motivation

  • The classical theory of motivation includes the hierarchy of needs from Abraham Maslow and the two-factor theory from Frederick Herzberg.
  • Maslow and the two-factor theory from Frederick Irving Herzberg.
  • Frederick Herzberg's two-factor theory, a.k.a. intrinsic/extrinsic motivation, concludes that certain factors in the workplace result in job satisfaction, but if absent, they don't lead to dissatisfaction but rather to no satisfaction at all.
  • The factors that motivate people can change over their lifetime, but "respect for me as a person" is one of the top motivating factors at any stage of life.
  • The name Hygiene factors is used because, like hygiene, the presence will not make you healthier, but absence can cause health deterioration.

• Location Choice and Site Planning

  • An organization's location choice impacts its efficiency and effectiveness, so it is important for it to properly weigh the various factors.
  • There are many factors that can determine where an organization will locate its facilities.
  • Labor factors: Research shows that the majority of location decisions are largely based on labor factors, since labor is a critical variable for many firms.
  • Other factors: Many other factors can play a role in the location decision, including quality of life (crime rates, good schools, climate, and recreation options), access to major transportation arteries, construction costs, proximity of the competition, and opportunities for future expansion.
  • As mentioned earlier, the importance of any location factor can vary greatly, depending on the circumstances of the decision.

• Other factors affecting supply chain management

  • In addition to managing the bullwhip effect, supply chain managers must also contend with a variety of factors that pose on-going challenges:

• Location decisions

  • There are many factors that can determine where an organization will locate its facilities.
  • For any given situation, some factors become more important than others in how facility location affects an organization's efficiency and effectiveness.
  • Labor factors: Research shows that the majority of location decisions are largely based on labor factors, since labor is a critical variable for many firms.
  • Other factors: Many other factors can play a role in the location decision, including quality of life (crime rates, good schools, climate, and recreation options), access to major transportation arteries, construction costs, proximity of the competition, and opportunities for future expansion.
  • As mentioned earlier, the importance of any location factor can vary greatly, depending on the circumstances of the decision.

• The international marketing plan

  • These objectives, in turn, will be determined by the many motivating factors we have discussed in the earlier sections.
  • The situation analysis concerns a thorough examination of the factors that influence the businesses' ability to successfully market a product or service.
  • These last two factors are interrelated in that a company's level of commitment to international markets will directly influence whether they employ exporting, a joint venture, or some other method of entry.
  • In turn, level of commitment and method of entry are influenced by the evaluation of environmental factors as well as resources and capabilities.
  • Undoubtedly, environmental factors have received the most attention from marketers considering international markets.

• Success factors

  • In order to do so, the following success factors must be kept in mind.

• Two basic relationship types

  • The two basic relationship types of market exchange and partnerships are divided further based on eight factors shown in column 1 of Table 5.
  • Varying values of these factors represent situations where the organizations reach greater levels of integration and provide greater returns to both sides of the relationship.
  • With a functional relationship, both parties are interested in their own profits, therefore, price is usually the most important factor in the decision making process.
  • Buyers will often change suppliers to try and get the best possible deal; however, when deciding on a supplier other factors are often weighed into the equation such as quality, reliability, trust, and commitment.

• Reducing Barriers and Promoting Healthy Conversations

  • Lack of Trust: the most important factor behind a lack of communication in an organization is competition, which leads to a lack of trust among the various employees.
  • Lack of Trust: The most important factor behind a lack of communication in an organization is competition, which leads to a lack of trust among the various employees.
  • Language barrier: Language barrier is another important factor in business communication, if communication happens without a common language, it is not worthwhile.
  • Lack of Trust: the most important factor behind a lack of communication in an organization is competition, which leads to a lack of trust among the various employees; share information, communicate openly and honestly, involve others in decisions.
  • Language Barrier: language barrier is another important factor in business communication.