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

Unplanned Organizational Change

Not all the forces for organization change are the results of strategic planning. Indeed  organizations often are responsive to unplanned organizational changes — especially  those derived from the factors internal to the organization. Two such forces of unplanned organizational change  are  the changes in the demographic composition of the workforce and performance  gaps. Changing Employee Demographics : It is easy to see, even within our  own lifetimes, how the composition of the workforce has changed. The  percentage of women in the workforce is greater than ever before. More  and more women with professional qualifications are joining the  organization at the junior and the middle management levels. In addition  to these, the workforce is getting older. Many of the old retired  employees from government and public sector are joining the private  sector, thereby changing the employee demographics. With the opening  up of the economy and globalization, the workforce is also continually Continue reading

Abey Francis

Construction of Mathematical Decision Model

Mathematical model is an idealized representation expressed in mathematical symbols and expressions.  A mathematical model of a business problem might be in the form of a set of equations and related mathematical expressions that describe the essence of the problem.   An economic order quantity model is given by: EOQ = AO/C where A — annual requirement, O — ordering cost and C — carrying cost.   A linear programming model is given by objective function: Say Maximize Z = 10a + 12b, subject to 2a + b < = 60, 3a + 4b < = 120, a, b > = 0, where a and are units of products A and B, respectively to be produced to maximize total contribution given individual contribution of Rs.10 per unit of A and Rs.12 per unit of B, the resource constraints being that resource 1 and 2 are available respectively to the extent Continue reading

Abey Francis

Introduction of Market-Based Management

Market-Based Management is found on the principles that cause societies to become wealthy instead of mired in poverty. It sees the business as a small society with exceptional features requiring variation of the education drawn from society at large. Through this variation an organisation could build MBM structure and ever-evolving mental models. Market-Based Management is a holistic approach to organization that incorporates theory and practice and organizes businesses to deal effectively with the challenges of change and growth. It also draws on the training learned from the failures and successes of individuals to attain prosperity, peace and organisational progress. Thus, it involves the study of the history of economies, politics, societies, cultures, governments, businesses, conflicts, science, non-profits and technology. Market-Based Management is the exceptional management tactic developed and executed by Koch Industries, Inc. It is a company philosophy that is embedded in the science of human action and functional through Continue reading

Abey Francis

Lease vs Buy Decision – Meaning and Analysis

A lease is a contractual arrangement whereby one party (i.e., the owner of an asset) grants the other party the right to use the asset in return for a periodic payment. A lease is essentially the renting of an asset for some specified period. The owner of the assets is called the lessor while the other party that uses the assets is known as the lessee. A lessee can be an individual. a firm or a company interested in the use of the assets without owning it, while the lessor may be the seller, supplier, a finance company or the manufacturer who can finance the purchase of the assets. Under the lease contract, the ownership of the assets remains with the lessor whereas the use of the assets is available to the lessee. In return, the lessee has to pay a fixed periodic amount to the lessor. This periodic payment Continue reading

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Career Development from the Perspective of an Individual Employee

Career development comprises those personal improvements one undertakes to achieve a career plan. The personnel department may sponsor these actions or they may be activities that employees undertake independent of the department. That is career development may be organizational and individual. From an organizational career standpoint, career development involves tracking career paths. In contrast, individual career development focuses on assisting individuals to identify their major career goals and to determine what they need to do to attain these goals. Each person must accept responsibility for his   own career; assess his own interests, skills and values and take the step required to ensure a happy and fulfilling career. It is unwise to leave these jobs to others. In the case of individual career development, the focus is entirely on the individual and includes his career outside the organization as well as inside. So while organizational career development looks at individuals Continue reading

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An Introduction to Workforce Diversity Management

Today, at the beginning of the 21st century, the world is submerged in a wide range of demographic trends which have the potential to radically change the demographic, cultural and ethical mixture of the population in many countries within just a few decades. Top managers often say that their company’s people are its most important asset. In a tight job market and a global economy a company that puts people first – regardless of their race, religion, gender, age, sexual preference, or physical disability – wins. Companies, especially big multinational players which have to deal with these changes, are growingly forced to react. Employees, once a homogenous group in many countries, are increasingly diverse and need to be integrated within and into working environments. Diversity can present an immense source of opportunities but it can also mean the opposite, a big threat. Diversity management is a managerial approach in response Continue reading

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