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

Key Performance Indicators (KPIs) – Meaning and Types

Key Performance Indicators are a type of performance measurement tool. It allows management to measure the performance of a company in a certain area such as profitability. KPIs can help a team to work together to achieve a common set of measurable goals, and provide a very quick way of seeing the actual performance of a goal or strategic objective. Key Performance Indicators are mostly use to monitor an operation or to measure focusing in the aspects of organizational performance which are most critical for an organization current and future success. Key Performance Indicators (KPIs) are used in order to assess the company’s performance in their business units, division, departments and employees. It is very helpful in providing evidence that certain results have or have not been achieved, enable achievement of intended outputs, outcomes, goals and objectives to be mad by decision makers, help in perceiving differences, improvements or developments Continue reading

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Big Hairy Audacious Goal (BHAG): A Tool for Goal Setting

Big Hairy Audacious Goal (BHAG) is the  term coined by James C Collins and Jerry I Porras in their well known book “Built To Last”. Visionary Companies set Big Hairy Audacious Goals (BHAGs) that raise the bar and inspire people across all levels. According to Collins and Porras:  “A true BHAG is clear and compelling, serves as a unifying focal point of effort…It has a clear finish line, so the organization can know when it has achieved the goal. It is tangible, energizing, highly focused. People get it right away; it takes little or no explanation.” BHAG is a goal, not a statement and it has a clear finish line. It’s a highly focused, tangible, and energizing goal. They typically take a 10- to 30-year commitment, but they are exciting, tangible and something everyone just “gets” without any further explanation. BHAGs only help an organization as long as it has Continue reading

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Tax liability attached to a demutualized stock exchange

When a trading right is acquired, and a share is allotted to a member of an stock exchange by virtue of which he acquires a membership privilege against the extinguishment of the previous right of membership, no transfer of assets effectively takes place and neither of the acquisitions should therefore be deemed to be a transfer within the meaning of the word in the Income Tax Act. However, at the point of sale of any of these two rights, capital gains tax would be attracted. Since the above processes are necessary to implement a policy announced by the Government, and in the larger interests of the securities market in India as well as in the interests of investors, it would be necessary to ensure that both the processes described above are tax neutral and no additional tax liability is attached either to the stock exchange or to a member of Continue reading

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Introduction to Cloud Computing

As a metaphor for the Internet, “the cloud” is a familiar cliche, but when combined with “computing,” the meaning gets bigger and fuzzier. Some analysts and vendors define cloud computing narrowly as an updated version of utility computing: basically virtual servers available over the Internet. On the other hand others go very broad, arguing anything you consume outside the firewall is “in the cloud,” including conventional outsourcing. The most common analogy to explain cloud computing is that of public utilities such as electricity, gas, and water. Just as centralized and standardized utilities free individuals from the vagaries of generating their own electricity or pumping their own water, cloud computing frees the user from having to deal with the physical, hardware aspects of a computer or the more mundane software maintenance tasks of possessing a physical computer in their home or office. Instead they use a share of a vast network Continue reading

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Systematic Random Sampling in Research

In cluster sampling the population again is subdivided into subgroups termed clusters instead of strata. The term cluster means a bunch of similar things. Suppose the thousand employees of a factory in our example comprise of teams each consisting of one supervisor and nine workers, and we choose these teams at random, it is a cluster sample, because we have taken one hundred clusters as our sample. One popular type of cluster sample is the systematic random sample also called quasi-random sample. Suppose the thousand employees of the factory are listed alphabetically and numbered serially to form the sample frame. (The alphabetical order is usually a random arrangement with respect to most characteristics and so forms an unbiased sample frame). As twenty employees are to be chosen from the thousand, it is a one in fifty sample. So, here, 50 is the sampling interval or ‘skip factor’. Now choose a Continue reading

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Price Determination Process

The market price is the price determined by the free play of demand and supply. The market price of a product affects the price paid to the factors of production – rent for land, wages for labor, interest for capital and profit for enterprise. In fact, price becomes a basic regulator of the entire economic system because it influences the allocation of these resources. The pricing decisions must take into account all factors affecting both demand price and supply price. The price determination process involves the following steps: Market Segmentation : On the basis of market opportunity analysis and assessment of firms strengths and weaknesses marketers will find out specific marketing targets in the form of appropriate market segments. Marketers will have firm decision on : (a) the type of products to be produced or sold, (b) the kind of service to be rendered, (c) the costs of operations to Continue reading

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