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

Foreign Currency Accounts

While dealing in any transaction in foreign currency, be it a purchase of commercial documents, retirement of a bill of exchange under a letter of credit or a remittance, a bank must have accounts (normally current accounts) in foreign currencies with its overseas correspondents through which the transactions in relevant — Currencies can be put. The balances of such foreign currency accounts — debit or credit — are taken into overall financial position of the banks involved. These accounts are known as ‘Nostro’ Vostro’ and ‘Loro’ accounts. ‘Nostro’ accounts mean current accounts of banks maintained in the books of their branches or correspondents in foreign centers in terms of the latter’s currency. For example, in order to meet its requirements for transactions in pound sterling, AB Bank, Cochin maintains an account in pound sterling with its correspondent in the UK, say XY Bank, London. Such an account would be designated Continue reading

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Portfolio Performance Evaluation in Investment Portfolio Management

Portfolio evaluating refers to the evaluation of the performance of the investment portfolio. It is essentially the process of comparing the return earned on a portfolio with the return earned on one or more other portfolio or on a benchmark portfolio. Portfolio performance evaluation essentially comprises of two functions, performance measurement and performance evaluation. Performance measurement is an accounting function which measures the return earned on a portfolio during the holding period or investment period. Performance evaluation, on the other hand, address such issues as whether the performance was superior or inferior, whether the performance was due to skill or luck etc. The ability of the investor depends upon the absorption of latest developments which occurred in the market. The ability of expectations if any, we must able to cope up with the wind immediately. Investment analysts continuously monitor and evaluate the result of the portfolio performance. The expert portfolio Continue reading

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Understanding the Significance of Hawthorne Studies to Management

The Hawthorne experiments were conducted at Western Electric’s Hawthorne plant in Illinois, running from 1924 through 1932. These experiments were intended to examine how people would react to certain conditions such as light, heat, and humidity. These variables were altered and produced both expected and unexpected results. Further trials embarked as Professor George Elton Mayo brought an academic research team into the factory, which were among the most extensive social science studies ever conducted. These investigations have been heavily criticized for merely serving the interest of management. However, these accusations can be argued. The Hawthorne investigations did not only have enormous influence on the ‘human factors’ to management but also on the development of industrial psychology and sociology. Some maintain their opinion that the human relations approach is misinterpreted, leading to major failures. The Hawthorne studies were initially undertaken to investigate the relationship between physical work conditions and employers productivity. Continue reading

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Benefits of Goods and Services Tax (GST)

GST (Goods and Services Tax) is consumption tax that charged the buyers to pay for a wide range of domestic and international products as well as goods and services. GST is a multi-stage tax on domestic consumption levied on taxable supplies of goods and services. GST is imposed on every level of a product from raw materials all the way to finished goods. However, consumers still need to pay income tax as GST and income tax is totally different. It is a consumption tax charged on imports items and also value added to goods and services provided by a business to the end user. Goods And Services Tax will be borne by the end-user or consumer and is not intended to add burden to businesses. Benefits of Goods and Services Tax (GST) Following are are the benefits of Goods and Services Tax. 1. Revenue Source GST system is a comprehensive Continue reading

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Significance of Research in Social Sciences

Social sciences refer to business, commerce, demography, psychology, sociology, etc. Social sciences directly involve people. Research in social sciences arena deals with the  behavior  of people in their different roles, such consumers, competitors, producers, executives, salespersons, leaders, workers, followers, teachers, students, opinion-makers, etc. Research in social sciences deals with the systematic method of discovering new facts or of verifying old facts, their sequence, inter-relationship, casual explanations and the natural laws which cover them. The importance that social science research wields today is immeasurable and enlarging. As social, business and economic problems abound, the significance of social research gets enhanced as it provides workable solutions. We know the objectives of social research are elaborate. From these emanate the significance of research. The following points bring out the significance of research in social sciences. Problems solving is the thrust of most researches. Social problems are felt directly by people and that research Continue reading

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SWOT Analysis of Starbucks Coffee

Starbucks is a coffee chain company which started its business in Seattle which is situated in Washington, United States. Now, Starbucks is recognized as an International Organisation which is famous all over the world for its quality coffee. It has almost 16,120 stores in 49 different countries which makes it the largest coffee company in the world. Apart from coffee Starbucks serves snacks with soft drinks and also espresso based hot drinks. It has also started supplying some fancy items like coffee mugs with Starbucks logo on it. Later on with the brand name of Hear Music Starbucks entered into music division. It has also started selling some books and movies related to the locality of the stores along with some seasonal and specific company products. Also in many countries at various grocery shops Starbucks has started selling ice-cream with its brand name. Today the Starbucks has become the power Continue reading

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