History of Management Practices

The history of management is a long-standing one, with human life comes the need to manage and control. Looking back through time, one can easily see from where the idea of management developed, grew, and turned into what people know as the modern form of management. In current time, managers are often thought of as sitting in a cushy office wearing a suit and tie, but little do most know that today’s managers have stemmed from ancient Egypt, China, and even back to the paleolithic times. Management has existed for as long as humanity and it will most likely only continue to further evolve, grow with the time, and fit into more modern aspects of managing. The origins of management are quite a long historical timeline. The earliest recorded occurrence of information related to management dates to the world’s first civilization, Sumer. Sumer was a thriving civilization that created a Continue reading

14 Secrets of Successful Team Building

A team is where a group of individuals work together and help to all achieve the same goal or outcome. A team is an organized group of people who work together cooperatively and collaboratively. They coordinate their efforts to the same purpose and work towards achieving shared goals. All team members share joint accountability, mutual trust, and respect, and work to achieve shared goals. In a team, there tends to be a common team purpose where individual team members’ talents are put together to achieve a common purpose or goal. When building a team, you need to make sure individuals are aware of their job role and responsibilities and if so, who’s taking leadership and who’s accountable for each task. There need to be clear lines of responsibility and authority. Individuals must be aware of what task needs to be achieved, when and how they are going to accomplish this. Continue reading

What is a Debenture?

A debenture is a debt instrument, which is not backed by collateral’s. Debentures are backed by the creditworthiness and reputation of the debenture issuer. Besides, a debenture is a long-term debt instrument issued by governments and big institutions for the purpose of raising funds. The debenture has some similarities with bonds but the terms and conditions of securitization of debentures are different from that of a bond. A debenture is regarded as an unsecured investment because there are no pledges (guarantee) or liens available on particular assets. Nonetheless, a debenture is backed by all the assets which have not been pledged otherwise. Normally, debentures are referred to as freely negotiable debt instruments. The debenture holder functions as a lender to the issuer of the debenture. In return, a specific rate of interest is paid to the debenture holder by the debenture issuer similar to the case of a loan. In Continue reading

Main Elements of Brand Equity

A brand might be a first image of the product or service to show out to public in the market. Branding is one of differentiation to the company, products or service in the market. Building brand successfully could bring several advantages to companies, such as enhanced the competitive position and reinforce the retailers power. Also can against defending power of company and extend the market share. A major part of building brand is building brand equity to a company. Brand equity is same to “brand valuation” or “brand value”. It is a value to the famous brand name, at the same time, it also have added-value to the brand. Basically it is structure by five basic assets of company — perceived quality, brand awareness, brand associations and brand loyalty. Perceived Quality Perceived quality is one of important element of brand equity. It is not real quality for product or services Continue reading

Classification and Tabulation of Data in Research

Classification of Data Classification is the way of arranging the data in different classes in order to give a definite form and a coherent structure to the data collected, facilitating their use in the most systematic and effective manner. It is the process of grouping the statistical data under various understandable homogeneous groups for the purpose of convenient interpretation. A uniformity of attributes is the basis criterion for classification; and the grouping of data is made according to similarity. Classification becomes necessary when there is diversity in the data collected for meaningful presentation and analysis. However, in respect of homogeneous presentation of data, classification may be unnecessary. Characteristics of classification of data are; Classification performs homogeneous grouping of data. It brings out points of similarity and dissimilarities. The classification may be either real or imaginary. Classification is flexible to accommodate adjustments. Objectives of classification of data; To group heterogeneous data Continue reading

Negotiations Between Host Governments and MNEs

Home and host countries evaluate business propositions of  Multinational Enterprises (MNEs) from their points of view. The evaluation relates to size, place, product, price, process, people and partnership related issues. Negotiations are take place between MNEs and host government whenever consensus is not reached on major issues. Here comes the importance of business-government relationships. The business negotiations and diplomacy between companies and governments determine the terms of international business operations. MNEs attitude to Governmental Stipulations Multinational Enterprises (MNEs)  attitude to Governmental Stipulations may be one of complying. This is highly positive. In a hierarchical view of governmental authority, companies accept regulations as ‘givens’, and MNEs comply with. Occasionally they try to circumvent, avoid or repudiate operating because of the regulations. MNEs comply with Government regulations when the regulations don’t unduly constrain their desired mode of operations, when benefits are sufficiently attractive in spite of regulations, and when they cannot practically Continue reading