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

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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Hofstede’s Cultural Dimensions

Dr. Greet Hofsted had conducted a comprehensive study and explained how culture influences the values at the work place. He worked as a psychologist in IBM from 1967 to 1973. In the time of working in IBM he has collected the analyzed data from aver 100000 individual from more than forty different countries. To the above study he made some additions and he developed four dimensions and later on he added fifth dimension that is long term outlook. Geert Hofstede’s dimensions investigation can support the trade individual in enhance understanding the intercultural variance within regions. “Culture is more often a source of conflict than of synergy. Cultural differences are a nuisance at best and often a disaster.” – Dr. Geert Hofstede The different dimensions of the Geert hofstede are explained below they are Power distance index (PDI) Individualism (IDV) Masculinity (MAS) Uncertainty avoidance index (UAI) Long term orientation (LTO) Power Continue reading

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Wage Issues under Collective Bargaining

Almost all contract negotiations pivot upon, and most grievances and  arbitration procedures thus ultimately deal with, four major areas : (1) wages  and issues that can be directly related to wages; (2) employee benefits or  economic “fringe” supplements to the basic wage rate; (3) “institutional” issues  that deal with the rights and duties of employers and trade unions; and (4)  “administrative” clauses that treat such subjects as work rules and job tenure. Probably no issues under collective bargaining continue to give rise to  more difficult problems than do wages and wage-related subjects. When  negotiations reach a stalemate, they frequently do so because management and trade union representatives are not able to find a formula to resolve wage disputes.  And wage controversies are, for that matter, by far the leading overt cause of  strikes; Over the past decade, for example, they have accounted for over 40  percent of all such work Continue reading

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Importance and Limitations of Financial Statements

Importance of Financial Statements Financial statements are the important sources of information to all the users of accounting information like; management, owners, debtors, creditors, employees, government agencies, financial analysts, etc. The following are the points which highlight the importance of financial statements: Financial statements are the summary of information relating to profitability, and resources owned by the firm. Financial statements provide the information which can be compared with those of other firms. Employees can use financial statements to demand for increment in salary and other benefits. Bankers and other financial institutions can use financial statements to make the lending decisions. Government bases on financial statements of the companies for the calculation of tax revenue from the firms. Financial statements can be used as the basis for management decision-making purpose like planning, promotion, research and development decisions etc. Existing investors can use financial statements to assess how efficiently the firm is Continue reading

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Case Study: The Financial Collapse of the Enron Corporation

Enron began its life in 1985 and appeared to be a rising star in the business world. In conjunction with the accounting firm Arthur Anderson Enron became one of the biggest accounting scandals in history. There were numerous ethical dilemmas in addition to the many illegal acts during rise and fall of Enron. The Enron scandal was the biggest bankruptcy in United States history which cost 4,000 employees their jobs. Once it was obvious that something was amiss with Enron’s bookkeeping, there was action on behalf of the Securities and Exchange Commission. By October 31, 2001 the inquiry had upgraded into a formal investigation and on December 2, 2001 Enron filed for bankruptcy. It was an event that will always be remembered as one of the most disastrous events in the financial world. In late 2001 Enron’s shares drastically dropped from over $90.00 to just pennies which was seen as Continue reading

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