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

Forces for Organizational Change

Change is inevitable in the life of an individual or organisation. In  today’s business world, most of the organisations are facing a dynamic and  changing business environment. They should either change or die, there is no  third alternative. Organisations that learn and cope with change will thrive and  flourish and others who fail to do so will be wiped out. The major forces which  make the changes not only desirable but inevitable are technological, economic,  political, social, legal, international and labor market environments. Recent  surveys of some major organisations around the world have shown that all  successful organisations are continuously interacting with the environment and  making changes in their structural design or philosophy or policies or strategies  as the need be. There are a number of factors both internal and external which affect  organisational functioning. Any change in these factors necessitates changes in  an organisation. The more important factors are Continue reading

Abey Francis

Difference between Business Vision and Company Mission

Vision Statement of a Company Business success almost always begins with a vision, a perception of marketplace needs and the methods an organization can use to satisfy them. Vision serves as the target for a firm’s actions, helping to direct the company toward opportunities and differentiating it from its competitors. Vision is a concept, that refers to one’s mental image of the future. Vision refers to the optimum future state of affairs that one can imagine for an individual or for an institution. (Wallace, Engel et al, 1997) A vision consists of three characteristics: 1) an organization’s fundamental reason for existence beyond just making money or providing more service 2) its timeless unchanging core values, and 3) a “big picture” aspiration for its own future. The vision of an organization defines who and what the organization is about, why it exists, and where it is going in the grand scheme Continue reading

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The Concept of Strategy

The top management of an organization is concerned with the selection of a course of action from among different alternatives to meet the organizational objectives. The process by which objectives are formulated and achieved is known as strategic management and strategy acts as the means to achieve the objective. Strategy is the grand design or an overall ‘plan’ which an organization chooses in order to move or react towards the set of objectives by using its resources. Strategies most often devote a general programme of action and an implied deployed of emphasis and resources to attain comprehensive objectives. An organization is considered efficient and operationally effective if it is characterized by coordination between objectives and strategies. There has to be integration of the parts into a complete structure. Strategy helps the organization to meet its uncertain situations with due diligence. Without a strategy, the organization is like a ship without Continue reading

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What is Due Diligence? Definition and Meaning

Of course, your commercial partner will need some reassurance about the quality of the offer you are making to them. If you are involved in licensing technology or seeking commercial support for your research you are likely to hear of due diligence. When a future partner is considering whether or not to license technology, to buy a share of patent rights, or to support your research, they will need to satisfy themselves that it is a viable proposition. The process of assessing the viability, risk, potential liabilities and commercial prospects of a project is known as due diligence. Indeed, if a potential partner seems not to be interested in this kind of issues, it may actually raise questions about their commitment to the project or the credibility of their business plan, particularly if the relationship assumes some degree of risk and investment on their part. Generally, due diligence will involve Continue reading

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Strategic Human Resource Management (SHRM)

Organizational concept behind the unstable climate of management has created a question mark in-front of organizational departments to act to the unstructured development plans. Every organization comprises of different departments who serves different work for the fulfilling the objective in a unidirectional manner. The scenario of revolution in the various fields of business has already taken the speed in the micro as well as the macro environment, which serves an indication towards the utilization of  skills. The needs of organizations are generally fulfilled by the different departments created by the organization. The hierarchy of organization creates an arena infront of  each one to stipulate themselves within that arena for their own flexibility. Organizational mission and vision shows the way to achieve the objective. The different application of each department differentiates their way of doing work. Some of the departments may work by acquiring inside information and some of the departments Continue reading

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How to Choose a Business Smartphone Data Plan

In today’s fast-paced business environment, having a reliable and cost-effective smartphone data plan is essential for staying connected and productive. Choosing the right data plan for your business smartphones can save money, ensure seamless communication, and maximize efficiency. However, with a plethora of options available, selecting the most suitable plan can be a daunting task. This article will discuss key factors to consider when choosing a business smartphone data plan, helping you make an informed decision. Assess Your Data Usage Needs Before selecting a data plan, Comcast Business explains that assessing your business’s data usage needs is crucial. Determine how much data your team typically consumes on a monthly basis. Consider factors such as the number of employees using smartphones, their usage patterns, and the types of tasks they perform. This evaluation will give you a baseline for estimating the required data volume and prevent overpaying for unused data or Continue reading

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