Case Study on Entrepreneurship: Larry Page

Business Analysis

The Boundaryless Career: Modern Contemperory Perspective on Career

Human Resource Management

Concepts of Throughput Accounting and Theory of Constraints

Financial Management

Kaizen – Understanding the Japanese Business Philosophy of Continuous Improvement

Operations Management

Role of Leaders in Shaping Organizational Culture

Management Principles

Internal Strategies for Managing Forex Transaction Risk

Transaction risk arises from executed contracts resulting in Forex payables or receivables in the future. The domestic currency value of these payables or receivables at current exchange rate and at future exchange rate is expected to be at variance, resulting in transaction risk. The forex transaction risk can be hedged using internal strategies. Internal strategies refer to strategies that are internal to the firm and its affiliates. These are “home’ arrangements. The counter party to the transactions may be involved. But third parties are never involved. The different internal strategies used for managing forex transaction risk are: Risk Netting: This strategy involves matching forex receivables in a currency with forex payables in that currency. Both currency and time matching are needed. Suppose an US firm has Yen 10 mn receivable from and Yen 7 mn payable to same counter party, both having 90 days to mature. These two transactions can Continue reading

Abey Francis

Managing Collaborative Relationships with Stakeholders in Organizations

Understanding the principles of effective collaboration with other organizations is important in an organization as the current stakeholders have an active interest, the interests could be financial, environmental or charitably within the organizations. Within an organization, building relationships with stakeholders can prove to help your business by using their expertise’s and knowledge. There can be both moral and business reasons to collaborate with stakeholders. By working with stakeholders that have current interests allows you to have a common ground and want the best outcomes for your organization, it allows you to create outcomes together, improve current systems and work on these together to create a better functioning organization. Collaborating with stakeholders allows new ideas and helps towards problem solving. Looking at the stakeholders allows you to gain experience and feedback to create a better working business, it also allows you to build relationships which can help towards future cost, flexibility Continue reading

Abey Francis

NEAR Protocol: A Sharded Blockchain for Scalable Applications

Introduction In the rapidly evolving world of blockchain technology, scalability has become a key concern for developers and businesses alike. As decentralized applications (dApps) gain traction and more users flock to the blockchain ecosystem, the need for scalable solutions has become more pressing than ever. This is where NEAR Protocol shines, offering a sharded blockchain platform designed specifically for building and deploying scalable applications. In this article, we delve into the intricacies of NEAR Protocol, highlighting its key features and advantages that make it a formidable contender in the blockchain space. If you are planning to trade Bitcoin, you may consider using a reputable trading platform like quantum-ai.trading. What is NEAR Protocol? NEAR Protocol is an open-source, public, decentralized blockchain platform that aims to provide a robust infrastructure for the creation and deployment of scalable applications. Built to tackle the limitations of existing blockchain networks, NEAR Protocol incorporates sharding, a Continue reading

Abey Francis

Purchasing Policy – Principles and Implementation

Purchasing Policy Principles The major principles on which purchasing policies should be based are a sound orientation, reflect a cross —functional approach and be directed at improving the company’s bottom line. i. Business Orientation Developing a purchasing and supply strategy requires a thorough understanding of the company’s business policies. The following questions are important to determine how purchasing and supply strategies will need to support the company in meeting its goals and objectives:- What end-user market is the company targeting and what are the major developments going on in those markets? What competition is the company suffering from and what leeway does the company has in setting its own pricing policies? To what extent can material’s price increases can be passed onto the last customer or is it impossible? What changes are happening in the company’s product, production and information technologies? What investments will be made by the company in Continue reading

Abey Francis

The Impact of Innovative Culture on Organizations

Growth creates a need for structure and discipline, organisation changes which can strain the culture of creativity that is so vital to future success. To sustain competitive advantage, companies need to institutionalize the innovation process; they need to create an internal environment where creative thinking is central to their values, assumptions and actions. Management changes and management generally is about implementation. When the managers of an enterprise feel pressured, the fear-driven response is generally to implement better and which generally results doing more of the same only quicker or cheaper. While this is great for doing more of the same, it is still the same and meanwhile everything else is changing — customer’s needs, technology, society, macroeconomics and geopolitics are all changing. Innovation is the engine of growth. It is also a mindset — meaning it is influenced by beliefs, values, and behavior. Company culture therefore has a huge influence Continue reading

Abey Francis

Revenue Management – Meaning, Benefits, Scope and Future

The phenomena of revenue management gained importance in recent years due to variable and discriminatory pricing schemes offered by various companies to their customers. Revenue management applies the orderly analytics that predict the behavior of the consumer at micro level and augment the prices and availability of products to the customers thus enhancing the overall revenue for the company. The aim of devising revenue management techniques is to deliver the fine product or service to the appropriate customer at the precise price. Revenue management system is based on analyzing the customer’s perception of the value that the product would provide and make straight the availability, placement and price according to that perception. This discipline became the need of every business rapidly. There could be many reasons for this. Even a kid whose is out for selling orange juice will have to analyze and predict the appropriate weather and time for Continue reading

Abey Francis