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Altitel Inc.has difficulties with managing operating costs of their company due to shortage of short-term finance.The company needs liquid assets and some capital to improve its performance in the market.Damon,an established businessman,raises money from wealthy individuals and invests it in the company.He also gives the company critical advice about managing their processes effectively.In exchange,Damon owns a small part of the company.In the context of the sources of financing,Damon is a _____.
Feedforward Controls
Ensure that directions and resources are right before the work begins.
Anticipate Potential Problems
The process of forecasting future challenges or issues that may arise during the course of a project or in the operation of a system, with the aim of mitigating them in advance.
Preventive Action
Steps taken to identify and eliminate potential issues before they occur to prevent future problems.
Benchmarking
Uses external comparisons to gain insights for planning.
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