Role of Leaders in Shaping Organizational Culture

Management Principles

Organizational Culture – Development and Importance

Management Principles

Five Important Organizational Cultural Models

Management Principles

The Customer Satisfaction Model – Based on American Customer Satisfaction Index (ACSI)

Marketing Management

Rumours in Business Organizations

Business Communication

Difference between Patent and Copyright?

A patent is authority granted to the creator of intangible property the gives them the ability to exclude others from making, or selling the IP or invention. A strong patent protection allows only the original innovator to use the innovated technology and increases innovator’s incentive.  A patent can be used to protect a business process, medicine formulas, hardware, and software.  A utility patents protects the rights of the creator for a term of 20 years from the time the application is filed, while a design patent generally provides protection for 14 years for the time that patent is granted.  The difference being that a utility patent protects the way an article work and a design patent protects the way it looks.  By getting a patent the original creator also retains the right to authorize others to produce and sell their invention.  This authorization is usually granted through a sale or Continue reading

Abey Francis

Should Management and Leadership Be Separated?

Achieving business victory calls for diverse individuals to handle diverse functions for organisational operations to be handled as planned. While some roles are easy to define, others may at times have confusing boundaries due to their vague nature. An example of a case where such confusion may arise is differentiating between a leader and a manager. Management and leadership have an imperative function in getting things done. However, both of them have varying aspects with respect to the role they play and their impact. This claim does not imply that one cannot play both roles simultaneously. It is possible for one to be a leader and a manager at the same time performing both roles. However, it is worth noting that being a great leader does not necessarily imply that such a person makes a phenomenal leader and vice versa. For this reason, it is paramount for people to get a clear Continue reading

Abey Francis

The Benefits and Challenges of Enterprise Resource Planning (ERP)

Information management systems play a crucial role in ensuring that the organisation becomes efficient and effective, but companies need enterprise planning to centralize data collection, storage and data processing. Enterprise resource planning is a technology that deploys computer technology to integrate various organisational resources—such as human resources, assets, information resources –across the organisation. The intention of ERP systems is to streamline an organisation’s data access, information sharing, business continuity, and revamping the decision-making processes. When ERP systems were invented in the mid-1990s, organisations shifted their attention to embrace the capabilities of ERP components; and a decade later this technology still moves on strong. However, during their early days, ERP systems enjoyed acceptance from large manufacturers, a trend that has since shifted dramatically. ERP systems have grown from mainframe computers to more flexible, robust, and seamless applications. Today, small businesses are able to deploy robust ERP systems in virtually every operational Continue reading

Abey Francis

Benefits of Blockchain Technology for Business

Blockchain is a technology for recording and storing information, first introduced by a person or a group of people under the pseudonym Satoshi Nakamoto in 2008. Initially, this technology was developed as a fundamentally new way of working with data that would not be subject to retroactive modification. This principle of operation was necessary to protect the data stored in blockchains. However, on the market, blockchain was presented as a system that allows you to work with cryptocurrencies – the latest invention of digital money with a decentralized deposit guarantee system.  In terms of technology, a blockchain is a list of records, each of which is formed into a block and contains information, a cryptographic hash, about the previous block. In the case of cryptocurrencies, this is the timestamp and transaction data, which is usually represented as a Merkle tree. The timestamp ensures that the previous and current transaction data Continue reading

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Market Stability vs. Liquidity: 7 Trade-offs in DeFi

Decentralized Finance (DeFi) represents a revolutionary shift in the world of finance. It offers permissionless access, transparency, and control over assets through blockchain technology. At its core, DeFi eliminates intermediaries, enabling users to engage in activities like lending, borrowing, and trading directly on decentralized platforms. However, as this ecosystem grows, a fundamental challenge emerges: balancing market stability and liquidity. Stability ensures a predictable environment for users, while liquidity fuels the seamless movement of assets. However, achieving both simultaneously often involves trade-offs. Understanding these dynamics is crucial for users seeking optimal outcomes and developers designing resilient, scalable DeFi protocols. Volatility vs. Market Depth High liquidity is essential in DeFi markets to reduce price volatility. It allows for large transactions without causing significant price swings. OTC crypto markets exemplify this, where deep liquidity enables substantial trades with minimal market impact. However, achieving such liquidity often requires significant incentives to attract participants, which Continue reading

Abey Francis

Advantages and Disadvantages of Outsourcing Strategy

Outsourcing constitutes one of the fundamental sourcing strategies that organizations can adopt. Outsourcing entails an approach whereby certain business processes are undertaken by an external entity. Thus, outsourcing is based on a contractual relationship. The concept of outsourcing has gained remarkable significance over the past few decades. Traditionally, outsourcing was limited to peripheral organizational tasks. This trend is changing as evidenced by the high rate at which outsourcing is being integrated into diverse organizational activities. Organizations perceive outsourcing as an essential strategy in their commitment to value addition. Some of the industries that have adopted the concept of outsourcing include aviation, manufacturing, and medical services. Firms in the oil and gas industry are also adopting the concept of outsourcing. Organizations’ motivation towards this strategy has been spurred by the need to attain competitiveness concerning high return on assets and better and quality service delivery. Secondly, the pressure to outsource has Continue reading

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