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

Cross-Cultural Preparation in Employee Training Programmes

“Cross-Cultural Preparation is the process of educating employees (and their families) who are given an assignment in a foreign country”. Cross cultural preparation educates employees (expatriates) and their families who are to be sent to a foreign country To successful conduct business in the global marketplace, employees must understand the business practices and the cultural norms of difference countries. Steps in cross-cultural preparation. To prepare employees for cross-cultural assignments, companies need to provide cross-cultural training. Most U.S companies send employees overseas without any preparation. As a result, the number of employees who return home before completing their assignments is higher for u.s. companies than for European and Japanese companies. U.S companies lose more than $2 billion a year as a result of failed overseas assignments. To succeed overseas, expatriates (employees on foreign assignments) need to be. Competent in their areas of expertise. Able to communicate verbally and non-verbally in the Continue reading

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Benefits of Pay-for-Performance Compensation Strategy

First and foremost, pay-for-performance plans are different to a set of salary. It is a method of compensation where the employees are paid based on their performance. Employers normally provide incentives to workers based on the work performance. The efficacy of pay-for-performance plan is it is able to be use to motivate employees. Sometimes the virtue of incentives plans are uncertainty, it is costly for company to implementing or unexpected problems may occurs. It will be time consumed and effort for company to search or design for suitable incentives plans. However, its contribution should not be neglect. There have several advantages of pay-for-performance plans and incentives plans for both employers and employees. The foremost contribution of Pay-for-performance is it can increase the motivation of employee in their work performance. It motivates employees to put more effort because the extra compensation is given to those employees who perform above the expected Continue reading

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Economic Dualism

Economic dualism refers to the existence of a developed sector side by side with an under developed or undeveloped sector. We will come across the co-existence of sophistication and primitive characteristics in every walk of life. For example, in the urban areas, one will find the use of modem technology in the production field as well as households, while in the rural areas, the age old, antiquated techniques will be used in the production as well as in households. This dualism retards economic growth. That is, the subsistence sector in the rural areas will pull down whatever little economic progress is achieved with the developed and modem sector. Further in the urban areas, one can come across the existence of dualism, in every activity. For instance there will be modern, technologically sophisticated industries existing side by side with industries with  labor  intensive and poor technology. There will be high wage Continue reading

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Company Formation under the Companies Act of 1956

Formation of Companies under Companies Act, 1956 Select in order of preference a few suitable names, not less than four, ensuring that the name does not resemble the name of an existing Company. Apply to the jurisdictional Registrar of Companies to ascertain the availability of name in Form 1A  along with mentioned fee.   Registrar of Companies informs the status of the application within 14 days.   If the name proposed is not available, apply again for a fresh name. Arrange for drafting of the Memorandum and Articles of Association(MA) through a Consultant, vetting of the same by the Registrar of the Companies and printing of the same. Arrange for stamping of the M & A as per Registrar of Companies instructions. Get the Memorandum and Articles of Association signed by, at least 2 persons in case of Private Limited Company, at least 7 persons in case of Public Limited Continue reading

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Functions of Logistics

What is Logistics? The service of providing the right resources at the right time and right place for efficient and effective performance of a goal-oriented activity, including consumption is called as logistics. In simple words, “Logistics is the process of anticipating customer needs and wants; acquiring the capital, materials, people, technologies, and information necessary to meet those needs and wants; optimizing the goods- or service-producing network to fulfill customer requests; and utilizing the network to fulfill customer requests in timely way.” Logistics is the support element of the enterprise. It helps in managing the movement and storage of: Material into the enterprise. Goods in the enterprise. Finished goods from the enterprise. Its focus should be upon its inbound logistics system (movement of material within the organization) and its outbound logistics system (meeting the requirements of its customers). The definition above accurately defines the logistics process but is too restrictive under the Continue reading

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Exploring the Potential Future of Cryptocurrency

It’s no secret the cryptocurrency market has been an interesting environment for traders and investors for some time now. For years, many have been discussing this landscape as a hedge alternative to traditional forex and stock purchases. What’s more, the rise of concepts like Web 3 and decentralization have increased interest significantly. If you had invested a $100 in Luna (one of many cryptocurrencies) a month ago, you’d probably be confident you were making a safe bet in an evolving environment. However, the value of this coin has fallen drastically, making $100 worth less than 5 cents. There are plenty of other examples of cryptocurrencies experiencing the same sudden crash. In a week, a range of alt-coins dropped in value by 30%. While many recovered to an extent, there was still a seven-day loss of more than $500 million. What’s Happening to the Cryptocurrency Market? The important thing to note Continue reading

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