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

Adam, Hayes and Hopson Model of Transition

We experience change on a daily basis as our environment is continually changing, more so than ever before in this digital and rapidly advancing technological age, but change is not the same as transition. A transition in the context of this article is an internal (psychological) change within a person or persons. Change happens to people and transition is an internal process. Changes which people experience may or may not be accompanied by a transition depending on the level of change and how a person is affected by it. In the Adam, Hayes and Hopson model of transition a transition begins with a discontinuity in a person’s life which they are aware of and can be the end of a job, relationship, loss of a loved one, loss of identity, loss of a current mode of being and so on. A person has to adapt to a new environment, situation Continue reading

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Strategic Business Plan

Either in the start up process or when re-inventing one’s business development, the design of a strategic business plan is an indispensable step towards a successful and viable business. Strategic planning involves setting up a sound and multifaceted plan or strategy to follow over a defined time period. It can involve all aspects of the business, or just a small part of it i.e. a selected department such as the marketing department. However, this does not mean that strategic business planning is only for large scale businesses since it can also benefit the small business, especially at start up, when the business sets its first goals and establishes itself in the business landscape. Writing up a business plan is an important step of a starting business, since most lending bodies will not authorize loans in absence of a detailed business plan. Why is it important? Imagine sailing off for a Continue reading

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Is Business Ethics an Oxymoron?

Business ethics refers to application of rules and regulations that govern business conduct by both individuals and organizations. It forms a basis for the philosophy that gives a business or an organization a purpose to operate. The complexity and demands of business in today’s world have changed how business is executed. Business owners determine what is ethical and what is unethical . Why Is Business Ethics an Oxymoron? Business ethics is an oxymoron because business and ethics are incompatible. Therefore, businesses should focus on what they do and leave ethics to individuals. Looking at their respective definitions gives an indication of two contradictory sets of principles. To ensure success in business, it is necessary to prioritize personal interests. This requires aggressive competition with other businesses, an insatiable appetite for money and power, and stringent business principles. It is difficult to achieve these business ideals by being overly ethical. The contradiction presented Continue reading

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Importance of Capital Structure Planning

For the real growth of the company the financial manager of the company should plan an optimum capital structure for the company. The optimum capital structure is one that maximize the market value of the firm. In practice the determination of the optimum capital structure is a formidable task and the manager has to perform this task properly, so that the ultimate objective of the firm can be achieved. There are significant variations among industries and companies within an industry in terms of capital structure. Since a number of factors influence the capital structure decision of a company, the judgment of the person making the capital structure decisions play a crucial part. A totally theoretical model can’t adequately handle all those factors, which affects the capital structure decision in practice. These factors are highly psychological, complex and qualitative and do not always follow accepted theory, since capital markets are not Continue reading

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Meaning of Profit in Economics

Profit means different things to different people. The word ‘profit’ has different meanings to business, accountants, tax collectors workers and economists. In a general sense, profit is regarded as income of the equity shareholders. Similarly wages getting accumulated of a labor, rent accruing to the owners of any land or building and interest getting due to the investors capital of a business, are a kind of profit for labors, land owners and investors. To an accountant, profit means the excess of revenue over all paid out costs including both manufacturing and overhead expenses. It is much similar to net profit. In economics, profit is called pure profit, which may be defined as a residual left after all contractual costs have been met, including the transfer costs of management insurable risks, depreciation and payment to shareholders, sufficient to maintain investment at its current level. Profit is usually perceived as earnings and Continue reading

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An Overview of Indian Capital Market – History of Indian Capital Market

The capital market in India is a market for securities, where companies and governments can raise long term funds. It is a market designed for the selling and buying of stocks and bonds. Stocks and bonds are the two major ways to generate capital and long term funds. Thus, the bond markets and stock markets are considered as capital markets.   The Indian securities market consists of primary (new securities) market and secondary (stock) market in both equity and debt. The primary market provides channel for sale of new securities while the secondary market deals in trading of previously issued securities. The issuers of securities issue new securities in the primary market to raise funds for investment. They do either through the public issue or private placement. There are mainly two types of issuer who issue securities. The corporate entities mainly issue equity and debt instruments (Shares and debentures) while Continue reading

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