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

Different Approaches to Profit in Managerial Economics

Profit is the reward which goes to organization as a factor of production for its participation in the process of production. Profits differ from other factor rewards in the following ways: Profit is a residual income left after the payment of contractual rewards to other factors of production. The entrepreneur while hiring other factors of production enters into contract with them. He pays wages to workers, rent for land and interest for borrowed capital and the residue or whatever is left is his profit. Thus profits become non-contractual in character. The various factors of production are rewarded even before the sale of the product and irrespective of its sales whereas profits accrue only after the product is sold. The rewards of other factors have been fixed. They do not fluctuate whereas profits go on fluctuating so much so that the entrepreneur bears the risk of even incurring losses which we Continue reading

Abey Francis

Impact of Banking Regulations on Financial Intermediation

Banks have all along played the role of financial intermediaries by channelizing funds primarily from the household sector to producing sector and the efficiency and smoothness with which such intermediation is done by banks are one of the prime parameters that determine the economic efficiency and consequent industrial and material progress of a society. Financial intermediation has a cost and that cost is reflected in bank rates and overhead expenditures incurred by banks. Bank rates, however, are not determined in isolation or only from the perspective of profit maximization by the banking sector. These rates are impacted by many other economic and statutory issues pertaining to a particular economy and such issues may vary widely from economy to economy depending upon the administrative attitude towards matters of equanimity in various sectors of the economy, especially the banking sector itself. The general view among experts in this field is that if Continue reading

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Nature and Evaluation of Service Tax

Nature of service tax As per section 65 (95) of finance act , 1994   ,’sevice tax ‘ means tax leviable under the provision. Section 66 of Finance Act, 1994 is the charing section   of service tax. Section 66 provides that there shall be levied a tax (service tax) @12% of the value of taxable service referred to in various clauses of section 65(105).It will be collected in a manner as may be prescribed. Though the tariff rate is 12%, the effective rate is 10% w.e.f 24-2-2009.Thus; total service tax payable is 10.30%w.e.f.24-2-2009. In respect of each type of  service , it is necessary to determine two things namely (a) Taxable Service and (b) Value of taxable service. Taxable Service — As per section 66 of Finance Act, 1994, service tax is payable on taxable service. Service 65(105) of Finance Act 1994 defines what “taxable service” is. The definition Continue reading

Abey Francis

Strategic Implications of Business Life Cycle Analysis

Life cycle analysis relies on the belief that there are predictable relationships among the stages of business unit life cycles on one hand, and certain elements of strategy on the other. The typical business life cycle curve is analogous to the life cycle of products. During pre-introduction and introduction, the firm is investing heavily to build sales growth through product awareness and refinement, with emphasis on the latter. Thus profit margin is negative until growth begins to occur. If sales growth proceeds at a high enough rate, then unit profit margin will swing positive during the growth phase. Typically the firm’s emphasis is shifted from product refinement to building market share, thus increasing the length and slope of the curve during this phase. As more and more competitors enter the market, however, share is whittled away. Consequently the product’s growth rate begins to level off and the product enters the Continue reading

Abey Francis

Non Traditional HR Approaches: Investment in Disabled Employees

Before we move on to the core of the issue, we must define what disability or being disabled means  “Someone who is disabled has an illness, injury or condition that tends to restrict the way they live their life, especially by making it difficult for them to move about.” Thus, the employee, who is working for the organization, will be termed disabled if he/she is suffering from an injury or illness which affects or restricts them from performing their job effectively. There can be two types of disabled employees 1. Disabled – while employed: i.e. the person was fit and sound during the start of employment relationship, however, during the tenure of his/her service he turned disable, which can be either: On-the-job: This is during the work hours while working at premises. Off-the-job: This is not at work premises, but surely after the start of employment relationship. 2. Disabled – Continue reading

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Data Mining – Meaning, Processes and Models

Data mining involves the use of sophisticated data analysis tools to discover previously unknown, valid patterns and relationships in large data sets. These tools can include statistical models, mathematical algorithms, and machine learning methods such as neural networks or decision trees. Consequently, data mining consists of more than collecting and managing data, it also includes analysis and prediction. The objective of data mining is to identify valid, novel, potentially useful, and understandable correlations and patterns in existing data. Finding useful patterns in data is known by different names (e.g., knowledge extraction, information discovery, information harvesting, data archaeology, and data pattern processing). The term “data mining” is primarily used by statisticians, database researchers, and the business communities. The term KDD (Knowledge Discovery in Databases) refers to the overall process of discovering useful knowledge from data, where data mining is a particular step in this process. The steps in the KDD process, Continue reading

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