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

Importance of Work-Life Flexibility

Over the past decade, the phrase work-life balance has been commonplace but in recent years, the term workplace flexibility has been gaining more popularity. Work-life flexibility is becoming more and more common these days as some employees, especially millennials and other younger workers, prefer work-life flexibility and not work-life balance. Work-life balance basically implies that staff members should not be totally consumed by work responsibilities. Business organizations that have adopted this workplace ideal tend to have generous, albeit still clear, vacation policies. Such companies encourage their staff members to work the normal 9-5 work schedule with very little flexibility. In addition, they discourage workaholics. On the other hand, work-life flexibility entails providing employees with flexible work arrangements or flexible schedules that allow them to have some flexibility so that they can easily manage the increasing overlap of life and work. With work-life flexibility, employees would be able to have flexible Continue reading

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Comprehensive Income Taxation

The comprehensive income tax system also known by other synonyms as global income tax, unitary income tax or synthetic income tax is the most used taxation system in western European countries. It has got its name due to the fact that all income types are seen as a one and therefore are added together and taxed as one whole income. It was seen as the ideal tax system in Europe because in its original form it could align fully with the “ability to pay principle” and to both tasks of simplicity and fairness. This method is composed as a system which adds together all the taxpayer’s income (from labor, capital, rent and business) in a single measure and taxes it with a single progressive tax. Labor income is usually defined as income earned from activities as an employed individual. Capital income can take a variety of forms such as dividends, Continue reading

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Data Processing Methods

1. Batch Processing. Batch processing is a technique in which data to be processed or programs to be executed are collected into groups to permit convenient, efficient, and serial processing. It is the simplest form of data processing. With this method, data is entered to the information flow in large volumes, or batches. That is, the processing by computer is performed periodically, at specified time intervals (weekly, monthly, etc) when large volumes are accumulated. Daily transactions in a business establishment, for example, may be batch processed on a weekly basis. Instead of being processed periodically when a sufficient volume has been accumulated. Advantages of batch processing are: Economical when a large volume of data must be processed and The most appropriate method for those applications (e.g., payroll) where the delay caused by accumulating data into batches does not reduce the value of the information. Limitations of batch processing are: It Continue reading

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Supply Chain Management Processes

Although there are many views of supply chain management (SCM), at present, many practitioners look upon SCM as the management of key business processes across the network of organizations that form the supply chain. A supply chain is a network of manufacturers, suppliers, distributors, transporters, storage facilities and retailers that perform functions like procurement and acquisition of material, processing and transformation of the material into intermediate and finished tangible goods, and finally, the physical distribution of the finished goods to intermediate or final customers. According to the definition given by the Global Supply Chain Forum, supply chain management is the integration of key business processes from end-user,to original suppliers that provides products, services, and information that add value for customers and other stakeholders. There are eight business processes that are carried out across the supply chain. They are: Customer Relationship Management: Customer relationship management involves establishing a framework for building Continue reading

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Role of SMEs in Economic Development

All over the world, there is growing evidence that Small and medium-sized enterprises (SMEs) play an important role in the national economic development of any country. SMEs are becoming more and more a subject of high attention in the developing countries, countries in transition but also in the countries with developed economies. In market economies, SMEs are the engine of economic development. Thanks to their private ownership, entrepreneurial spirit, their flexibility and adaptability as well as their potential to react to challenges and changing environments, SMEs contribute to sustainable growth and employment generation in a significant manner. Until latest, the private sectors of many emerging economies were missing the middle level of development. Investors, policymakers, and professionals dedicated most of their efforts to big companies of over 500 employees, larger enterprises or multinationals. Large Enterprises and MNCs were target of TAX incentives and subsidies whereas organizations like World Bank and Continue reading

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Disruptive Technologies and Sustainable Technologies

Overview of  Disruptive Technologies   Disruptive technology was first introduced by Clayton Christensen in his article “Disruptive Technologies: Catching the Wave” (1995) which was co-wrote with Joseph Bower. In view of business and technology fields, disruptive technology is a technology initially in a form of simple application, then improves and dominates dramatically in the markets, where the markets do not expect. Disruptive technology typically improves in a way that by being lower priced and designed for various disciplines of consumers. Instead of allowing consumers with lots of money or lots of skills to use it, disruptive technology is designed in which allow “whole new population of consumers” to use it, access its services. For leaders of the existing markets, disruptive technology makes potential threats on them. It is because it competes with the existing leaders of the market in such an unexpected trend. Leaders of the existing markets sometimes fail Continue reading

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