There are still some senior management who fail to understand the true impact of high labor turnover. To them,the notion is that as long as the firm is still profitable and with money it can bring in people-people can COME IN and people GO OUT which doesn’t mean much to the organization. They [...]
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During the drafting of the agreement,the following aspects should at least be included: Definitions ( like technical terms specific to the industry) Identity of the partners Purpose of the joint venture Scope of the joint venture Activities of the joint venture Validity period of the agreement including time span of joint venture Contribution of [...] Generally,we need to understand what might be the potential issues when setting up a joint venture partnership. This might includes the following: Conflicts of interest if they are competitors Unable to delineate areas of responsibility Mistrust of each other Fear of loss of know-how Cultural barriers Different business practises Differing in ideas about pay [...] |  FCCA,CA(MIA)with more than 26 years of post-qualifying working experiences. Previous working stints with one of the big accounting four,Regional GFC & Group Treasurer in a group of Malaysian and Group CFO in Singapore public listed concern.Also author to another very popular free educational accounting cum finance blog:http://basiccollegeaccounting.com under the branding of College Accounting Coach. | |||||
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