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

Human Resource Planning (HRP) – Meaning, Definition, Features, Purpose, Need, Significance and Objectives

Human Resource  is the most vital factor for the survival and prosperity of the organization. The human resource  asset in a firm has the potential to appreciate the value of the firm. Though all the firms buy the same material and machines, the people in a firm make the difference in the final product. So the success of any organization mainly depends upon the quality of its human resource  and their performance. Any forward looking management will be concerned with the problem of procuring or developing adequate talent for manning various positions in the organization. The success of a human resource  planning process not only helps the organization itself, but also helps the society’s prosperity. The losses a firm suffers from inadequate human resource  planning and utilization, is a loss to the nation. When these individual losses are added up the total losses may be very significant to the economy Continue reading

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History and Development of Non-Governmental Organizations (NGOs)

Non-Governmental Organizations (NGOs) as we know them today are generally thought to have come into existence around the mid-nineteenth century. It was only about a century later that the importance of NGOs was officially recognized by the United Nations. At the UN Congress in San Francisco in 1968, a provision was made in Article 71 of the Charter of the United Nations framework that qualified NGOs in the field of economic and social development to receive consultative status with the Economic and Social Council. The development of modern Non-Governmental Organizations (NGOs) has largely mirrored that of general world history, particularly after the Industrial Revolution. NGOs have existed in some form or another as far back as 25,000 years ago. Since 1850, more than 100,000 private, not-for-profit organizations with an international focus have been founded. The growth of NGOs really took off after the Second World War, with about 90 international Continue reading

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Kanban System – Meaning, Origin and Operation

Kanban is a concept related to lean and just-in-time (JIT) production. The Japanese word kanban is a common everyday term meaning “signboard” or “billboard” and utterly lacks the specialized meaning that this loanword has acquired in English. According to Taiichi Ohno, the man credited with developing JIT, kanban is a means through which JIT is achieved. Kanban is a signaling system to trigger action. As its name suggests, kanban historically uses cards to signal the need for an item. However, other devices such as plastic markers (kanban squares) or balls (often golf balls) or an empty part-transport trolley or floor location can also be used to trigger the movement, production, or supply of a unit in a factory. Kanbans maintains inventory levels; a signal is sent to produce and deliver a new shipment as material is consumed. These signals are tracked through the replenishment cycle and bring extraordinary visibility to Continue reading

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Industrial Marketing Communication

The industrial products are technical in nature that have very few buyers  compared to the consumer products. This makes the industrial marketers to  change their promotional strategy for industrial goods and services. The  promotional mix used by the industrial marketer consists of advertising, sales  promotion, publicity, public relations, personal selling and direct marketing.  These tools help them to build awareness, develop company image, inform  about the product features thus assisting the company sales force and other  intermediaries to increase their sales. Of all the promotional mix, personal  selling is the most important because industrial products are technical in nature  and they involve lot of direct interactions by the company people with the  industrial customers. However, all the elements of promotional mix needs to be  well integrated with personal selling with proper coordination in order to  develop an effective industrial marketing communication strategy. Any industrial communication or promotion program in order Continue reading

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Why Bureaucracy is No Longer Relevant in Today’s Business Environment

In the competitive business environment of the 21st century, managers must concentrate and focus all their efforts on ensuring their organizations retain a competitive advantage in the market. Failure to adhere to this basic principle means failure for the organization. As such, many conscientious and assiduous managers are dumping traditional approaches of running organizations in favor of more conventional approaches that guarantee the concentration of synergies and addition of value in all organizational endeavors. One traditional management approach that is fast fading into oblivion is bureaucracy.  A bureaucracy is an organizational structure with inflexible hierarchy of officeholders, regulated by impersonal uniform rules, protocols, and procedures. In most occasions, all the personnel within the organization have well defined positions and titles. he rules and procedures specify the type of duties that each worker must perform, and organizational functions are structured into set offices, which are holistically organized into a vertical hierarchy that Continue reading

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Eurocurrency Market Characteristics

The Euro-currency market has no geographical limits or a common  market place. Business is done by telex, telephone and other communication  systems. Internationally-reputed brokers put through the transactions for the  banks. Deposits are secured for the banks operating in the market by the general  guarantee of its parent or holding company and in some cases, by its central  bank and /or the government of the concerned country. Similarly, loans to  commercial parties are guaranteed by their respective governments. Deposits  and loans to banks are, however, not guaranteed except by the banks parent  companies or their exchange control authorities. The amounts of loans and the periods of maturity vary over a wide range  from a few thousands to millions of dollars and from call loans to maturities  extending up to 10-15 years. Some of the loans may be syndicated and jointly  sponsored by a number of banks. There are also varied Continue reading

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