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

Complexity Theory for Organizational Change Management

Complexity theory is defined as a study of non-linear dynamic systems and a conceptual framework that resolves the unpredictable outcomes of industries and emerges some unique patterns. This system was first developed in the perspective of physical and biological science. However, the social, economic and ecological aspect of this theory was developed later and evolved dynamically overtime. A company utilizes this set of ideas from the study of different natural resources such as weather conditions, animal behavior and then defines the behavior of the organization through several mathematical expressions. There are three key theories related to complexity theory for organizational change management. These are: Chaos theory Dissipative structures Complex adaptive systems Due to the complexity involved in the organization, there are several moments when a random chaos can be created within that organization. The random situation can be created of normal equations which can be further explained with the help of Continue reading

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Observation Method of Research Data Collection

Observation means the careful and systematic watching of facts as they occur in course of nature. In the strict sense, observation implies more use of the eyes and the ears than the mouth. Aspects of Observation Observation involves three processes, i.e. (i) sensation (ii) attention (iii) perception. Sensation is gained through the sense organs which depend upon the physical alertness of the observer. The sense organs are receptive to stimuli and get attracted leading to the first stage in observation. Then comes attention or concentration which is largely a matter of commitment and will-power. Adequate training and experience can make it almost a matter of habit. The third is perception which comprises the interpretation of sensory reports. Thus, sensation merely reports the facts as observed but perception enables the mind to recognize the facts. Through this process, observation serves the purpose of (i) studying collective  behavior  and complex social situations; Continue reading

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Event Planning Concept in Event Management

The planning function is involved in micro-level event coordination activities such as liaison with the creative team discussing, facilitating and arranging for the technical specification viz., sound, light, stages and sets. Short-listing artists and stand by artists in tune with the dictates of the creative guys/gals is one of the most challenging tasks in the event planning function. Event planning also involves checking out alternative arrangements for locating the event, the venue, the conditions for the event and gathering information to assist in taking a decision on whether the event would be held indoors or outdoors. While at the last task, understanding the requirements of licenses, clearances, etc. and arranging for the same as and when required is a fundamentally responsible task that the event coordinator is burdened with. Deciding soft issues such as whether the show is to be a ticketed, non-ticketed, fully or partially sponsored is also part Continue reading

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Organizational Commitment

Organizational commitment refers to the “degree to which an employee identifies with a particular organization and its goals and wishes to maintain membership in the organization.” Nowadays, organizational commitment is given lower importance. Organizational commitment is being replaced by “Occupational Commitment” where employees are more loyal to the occupation they are in and lesser to the organization they are in. This has resulted in a high employee turnover ratio in firms. Organizational Commitment can be Affective, Continuance or Normative in nature. Affective Commitment which tells the emotional commitment and attachment to the culture, work place, location or the organization itself. It shows individuals working with dedication because they are more attached to the organization. Affectively committed employees in the organization can strongly identify with the goals of the organization and desire to be a part of the organization. In simple words affective commitment refers to the “Emotional attachment to the Continue reading

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What is Crisis Management?

An individual, an organization, a government, or the global economy at any point of time may face debacles. This may come in any form and can devastate the present circumstances and can lead to difficult situations. Such occurrences are often termed as crisis. It is therefore defined as a major, unpredictable and upsetting event that intimidates to harm. Even though crisis is an unpredictable form of event, but it is not unanticipated. Crisis is a threat to organizations, an unexpected element and short periods of risk. For an organization, crisis can be illustrated as an anomalous and uncharacteristic situation or perception, which is beyond the control of an organization and also threatens to impact their operation. A company has to deal with different forms of crisis. Some of the major forms of crisis are detailed below: Natural Disaster:   It is about the physical demolition of the organizations assets due Continue reading

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Training Scheduling Theories

Theories of  Training Scheduling Training Scheduling can be done either during the working hours or after the working hours. There are many training design theories. These theories offer guidelines as to what methods to use in what situation for designing the sequencing of the training program for it to be effective. Two important training scheduling  theories one concentrating at the macro level, the “Elaboration theory” and another which concentrates at the micro level, the “Gagne and Briggs theory” are explained here. 1. Elaboration Theory Sequencing is the process of how to group and order the content of training. It gains importance in training programs only when a strong relationship exists among the topics of the course. In such cases, how the sequencing has to be carried out so that the trainees are benefited to the maximum extent is brought out through the elaboration theory. Elaboration theory, a macro design theory, Continue reading

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