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

Business Ethics Case Study: Caterpillar Tax Fraud Scandal

Accounting fraud is the manipulation of financial statements in order to benefit the business financially or to create a false appearance of financial health. In the situation of Caterpillar Inc. (CAT) – a manufacturer of heavy construction and mining equipment, diesel-electric locomotives, diesel, and natural gas engines, and industrial gas turbines – the payment of federal income taxes on their earnings was avoided to boost the company’s financial status, saving the company billions of dollars and keeping its stock price high. CAT, having more than 500 locations worldwide – including the Americas, Asia Pacific, Europe, Africa, and the Middle East – is vast in size and an economic standpoint, with sales and revenues of $53.9 billion in the year 2019. However, a lawsuit against Caterpillar Inc. for inadequate tax disclosure had greatly impacted the company from the time period of 2013 to 2017. A great portion of Caterpillar Inc.’s investigation Continue reading

Abey Francis

Ethical Issues in Human Resource Management

Business ethics are the moral doctrines that direct the way to business behave. Business ethics determines the actions of every individual that distinguish the right or wrong. Every business organization must develop the codes of conduct and ethics that should be followed by all the members. Ethics can be taken as the crucial way to self-presentation and public perception of the organization. Ethics in human resource management is related to the employee’s issues. Human resource management plays an important role in setting up and implementing ethics in the workplace. Implementation of ethics in the workplace has been one of the challenging tasks for the organization. Various human resources issues can be handled properly by the application of ethics and code of practices by the managers in the workplace. Ethics generally determine what is right and what is wrong. With the help of business ethics, proper allocation and maintenance of employee Continue reading

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Three Major Organizational Management Paradigms

The social understanding of organizations in the economic system has been evolving with time. Several theories have been put forward in an attempt to explain the role of organizations in society, their effect on the socio-economic and political systems as well as the relationship between society and the organizations. Models of organization theory have been elaborated with the paradigm of organizational management being developed over the years. The inclusion of technology in the management of organizations has been a key in the development of new theories and postulates on how organizations are managed and their relationship with the environment as well as society in general. Three major paradigms of perception on organizations have been elaborated below; rational, natural, and open paradigms. The rational system is the most dominant perspective embraced by most real-world managers and practitioners. The rational system is characterized by two structural features that set it apart from Continue reading

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Factors Affecting Transportation in Logistics

Whether the movement of material and equipment is by rail, sea, air or road, adequate facilities for their free flow to and from the factory must be ensured. The factors which affect progress at the construction stage, and production and dispatches after commission, have been discussed below: 1.  Terminal Facilities Terminal facilities are usually grudgingly provided. One reason for this is that any delay or any in convenience caused to truck operators is not a loss to the project. It is treated as a loss to the carrier. In some cases, this may be true. However, this usual incidence of stoppage or regulation of the production process can be minimized, if not eliminated. Often extreme stinginess is expressed in planning for these facilities, which include storage space, and loading and unloading arrangements in a suitable area. If the storage space is not adequate or if the traffic is exceptionally heavy, Continue reading

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Credit Management Concepts: Know Your Client

A cardinal rule in banking is the concept of “Know your client”. This means exactly what is says. The banker will do all he can to find out as much as he can about the company and the client. In this no information is too small or too immaterial since they will fit into a larger picture and the fate of the facilities extended may depend upon it. It has to be always remembered that the project may appear sound, the documentation perfect and the financials impeccable. However, if the intent is to cheat, it could cause severe losses to the Bank. Banks are always aware that a dishonest man is also a very clever person. Additionally the dishonest person has the advantage in that the innocent banker believes him to be a good, honest soul. He knows he is not; he knows he intends to cheat the banker and Continue reading

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Cobb-Douglas Production Function

The best known production function in economics, is the Cobb-Douglas production function.   It is named after its pioneer Douglas who fitted a function suggested by Cobb on the basis of the statistical data pertaining to the entire business of manufacturing in U.S.A.   The Cobb-Douglas Production Function is a linear homogeneous production function implying Constant Returns to Scale. It takes the following form: Q = A.Kα.L1-α Where, Q Stands for the Output. L and K are inputs A is a positive constant α  is a positive fraction i.e.  Î± < 1. In the above formula if L and K are increased in equal proportion i.e. if L becomes gL and K becomes gK, then the output Q will become gQ. Thus the Cobb-Douglas Production function indicates constant Returns to scale.   The Cobb-Douglas Production function also shows that Elasticity of Substitution equals One.   Further it hints that if Continue reading

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