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

Forex Market or Foreign Exchange Market – History, Definition, Characteristics and Parties Involved

Foreign exchange refers to money denominated in the currency of another nation or group of nations. Foreign exchange can be cash, bank deposits or other short-term claims. But in the foreign exchange market as the network of major foreign exchange dealers engaged in high-volume trading, foreign exchange almost always take the form of an exchange of bank deposits of different national currency denominations. A Foreign exchange market or Forex market is a market in which currencies are bought and sold. It is to be distinguished from a financial market where currencies are borrowed and lent. Short History of the Foreign Exchange Market Foreign exchange markets mainly established to make easy cross border trade in which there is involvement of different currencies by governments, companies and individual investors. More ever these markets generally existed to supply for the international movement of capital and money, even the initial markets had speculators. Today, Continue reading

Abey Francis

Transaction Risk or Operations Risk in E-Banking

The most important category of risk management for e-banking services is transaction risk or operational risk. Operational risk is the risk of direct or indirect loss resulting from inadequate or failed internal processes, people and systems or from external events. The main causes for operational risk can be: Inadequate Information Systems Breaches in internal controls Fraud Processing Errors Unforeseen catastrophes The inadequate information system can result from general risks or from application oriented risks. The general risks can include physical access to the hardware, logical access to the information and communication technology systems, emergency management or from an insufficient backup recovery measures-mitigate the consequences of system failures. A high level of transaction risk may exist with Internet banking products, particularly if those lines of business are not adequately planned, implemented, and monitored. Banks that offer financial products and services through the Internet must be able to meet their customer’s expectations. Continue reading

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Types of Economic Systems

It has been already pointed out that the way in which the three basic economic questions are answered depends on the economic system which functions in a country. To understand how these answers differ among the economic systems, we should understand the different types of economic systems. Major Types of Economic Systems Economic systems may broadly be classified into three categories: Capitalism, Socialism and Mixed economy. A number of other types also emerged but all of them came close to any one of the above three types of economic systems. Let us now discuss the features, strengths and weaknesses of each one of these economic systems. 1. Capitalism Capitalism is an economic system based on the principle of free enterprise. Individual ownership of resources is an important feature. With control and command over resources, individuals can conduct any type of business. The object in such a system is to maximize Continue reading

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Directors of a Company

A company, though a legal entity in the eyes of the law, is an artificial person, existing only in  contemplation of law. It has no physical existence. It has neither soul nor a body of its own. As such, it  cannot act in its own person. It can do so only through some human agency. The persons who are in  charge of the management of the affairs of a company are termed as directors. They are collectively  known as Board of Directors. The Companies Act defines a ‘director’ as “any person occupying the position of a director by  whatever name called” [Sec.2(13)]. This is however, an inadequate definition.  In the absence of a precise definition, we can only determine whether a person is a director or not  a director by referring to the nature of his office and functions. According to the functions performed by  him, a director may be Continue reading

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Human Resource Strategy – Meaning, Objectives and Charactristics

Concept and Meaning of Human Resource Strategy The word ‘strategy‘ can be understood as a long range direction and scope of an organization. It provides a framework to achieve organizational goals and objectives. It develops a grand plan about how the company is going to achieve the desired result and how to compete with other rival firms. It also focuses on how the resources are employed effectively an efficiently. In the light of it, Human resource strategy can be defined as a process which helps management anticipate and manage the rapidly increasing changes. It is concerned with long range direction and scope of HR activities in the organization. It is broad action plan designed to accomplish the goals and objectives of human resource management function in the organization. Moreover, it is concerned with establishing relationship between long range HR direction and business strategy. It involves philosophy that people are managed Continue reading

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Kerzner Project Management Maturity Model (KPM3)

Strategic project planning and other phenomenon for successful project has been recognized from several decades. Harold Kerzner has invented project management model innumerably knows as Kerzner Project Management Maturity Model (KPM3). This model is thoroughly possessed acquisition to best strategic management plans for any organization. Additionally this model is excellent medium to gain such excellency in project management system of any organization. Kerzner notifies that this model is considerably fruitful for strategic and multilevel planning for any organization. Foundation of achieving superiority level in various strategic goals can be illustrated by Kerzner Project Management Maturity Model (KPM3). This model consist five basic levels to enable better understanding of its functionality and proficiency for project management. This levels are commonly known as level of common language, common process, singular methodology, benchmarking, and continuous improvement.  Level 1: Common Language This phase of model consists various understandings of terminologies relating to project management Continue reading

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