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

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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Introduction to Knowledge Management Systems (KMS)

The aim of every organisation is to achieve its set goals and objectives as well as secure competitive advantage over its competitors. However, these cannot be achieved or actualized if staff or workers act independently and do not share ideas. Today, prominent businesses are becoming more aware that the knowledge of their employees is one of their primary assets. Sometimes organisational decisions cannot be effectively made with information alone; there is need for knowledge application. An effective knowledge management system can give a company the competitive edge it needs to be successful, and, for that reason, knowledge management projects should be high priority. Knowledge Management Systems (KMS) “developed to support and enhance the organizational knowledge processes of knowledge creation, storage, retrieval, transfer, and application (Alavi & Leidner, 2001) This means that for any organisation to be competitive in today’s global world there is need for combination or pooling together of Continue reading

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Establishing and Maintaining Strong Internal Control

Internal control is designed and implemented by an entity’s management, those charge with governance of the entity, and other personnel to provide reasonable assurance regarding the achievement of objectives. In addition, internal control is also can be refer to a process wherein the structure of the organization, the information system and authority are designed in such a way that it can helps the organization achieve its objectives and goals. Internal control plays an important role in how management meets its stewardship or agency responsibilities. For example, internal control for a bank is the systems, policies, procedures, and processes effected by the board of directors, management, and other personnel to safeguard bank assets, limit or control risks, and achieve a bank’s objectives. Strong internal control may helps a company to meet their objectives and goals, and to maintain a healthy, successful operations. For a bank, Good internal control can help a Continue reading

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Operating Economies through Mergers

A merger, which results in meeting the test of increasing the wealth of the shareholders, is said to contain synergistic properties. Synergy is the increase in value of the firm combining two firms into one entity i.e., it is the difference value between the combined firm and the sum of the value of the individual firms. There may be various sources for this extra value arise i.e., the increase in wealth of the shareholders as a result of merger.  The key to the existence of synergy is that the target firm controls a specialized resource that becomes more valuable when combined with the bidding firm’s resources. The sources of synergy of specialized resources will vary depending upon the merger. In case of horizontal merger, the synergy comes from some form of economies of scale, which reduce costs, or from increased market power, which increases profit margins and sales. There are Continue reading

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Doctrine of Constructive Notice and Indoor Management

Doctrine of Constructive Notice The Memorandum and Articles, on registration, assume the character of public documents. The  office of the Registrar is a public office and documents registered there are open and accessible to the  public at large. Therefore, every outsider dealing with the company is deemed to have notice of the  contents of the Memorandum and Articles. This is known as Constructive Notice of Memorandum and  Articles. Under the doctrine of ‘constructive notice’, every person dealing or proposing to enter into a  contract with the company is deemed to have constructive notice of the contents of its Memorandum and  Articles. Whether he actually reads them or not, it is presumed that he has read these documents and has  ascertained the exact powers of the company to enter into contract, the extent to which these powers have  been delegated to the directors and the limitations to such powers. He is Continue reading

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