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

Organizational Culture – Development and Importance

Management Principles

Mutual Fund NAV Calculation

The net asset value is the market value of the assets of the scheme deducting its liabilities. Simply put, the NAV is what investors are required to pay to buy or sell one share of the mutual fund. Keep in mind any additional fees are not included in this amount. In accounting terms, NAV is also known as the book value of the mutual fund. The net asset value per mutual fund unit on any business day is computed as follows: NAV = (Market value of the fund’s investments + Receivables + Accrued income -Liabilities -Accrued expenses)/Number of units outstanding Rules Governing the Mutual Fund NAV Calculation Accrued Income and Expenses: The correct accrual of all incomes and expenses is a requirement for computing NAV. In practical terms these are just estimates. For example, the investment manager’s fees has to be accrued everyday for computing NAV but the fee is Continue reading

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Strategic Role of HRM During Recession Period

Since human resource management is dealing with the implementation of the strategies and policies relating to the management of individuals, the department become one of the most responsible to bring the organisation on the right track during recession time. There are some important steps that a business should follow in order to maintain their competitive position on the market. Some of these vital steps are the improvement of prices in order to grow margins, the increase of the financial and operational efficiency, but also the concentration on the market share. The purpose of the human resource management is to make sure that an organisation is able to perform well through its staff, but also to increase the efficiency and the capability of the business. Furthermore, it also helps the business to reach it goals by using the resources available to their best use.  HRM is one of the most important Continue reading

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Work System and People

There are two basic ways in which work is organized. The first relates to the flow of authority and is known as organizational structure of merely organization. The second relates to the flow of work itself from one operation to another and is known as procedure. Other names are “method,” “system,” and “work flow.” People usually recognize the human side or organizational structure because of the superior-subordinate relationship that it establishes, but more often than not they ignore or overlook the human  side of work flow. They see work flow as an engineering factor that is separate from human factors. In the usual case, however, work flow has many behavioral effects because it sets people in interaction as they perform their work. Initiation of Action: One important point about a work system is that it determines who will “initiate” an activity and who will “receive” it. At each step in Continue reading

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Role of Profit in Business

Anticipation of higher profits leads to an inducement to invest as well as to innovate. As the entrepreneur begins to forecast more profits he undertakes more investment which in turn creates more employment. This will generate more incomes which in turn, will create more demand for a variety of goods in the market. The prices of these goods will rise at a rate which is related to supply. Higher prices may lead to more profits and greater inducement to invest. The Keynesian Investment Multiplier will begin to operate and the economy will march towards prosperity especially by creating bullishness in the stock markets. Whereas decline in profits signals the oncoming of depression because as profit margins dwindle, investment will fall as there would be not much of incentive to invest more. As the investment declines the Investment Multiplier will begin to operate in reverse. Employment will fall, incomes will decline, Continue reading

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Principles of Effective Communication

Communication is the process of transmitting the messages and receiving the response of that message. The person who sends the messages is known as sender and the person who receives the message is known as receiver and the response to the message is known as feed back. Since the feedback requires another message to be communicated by the sender to the receiver. So communication process become a circular process. In simple words, exchange of ideas/messages, response there off in total is known as communication. Any method of communication like words–oral or written, pictures, graphs, diagrams, etc. may be adopted to communicate. Effective communication is that communication in which the receiver is understood actually what the sender wants to convey, and in the same form. ‘Noise’ is something, which has disturbed the effective sending and receiving of communication. Here are the principles of effective communication in business; Principle of clarity: the Continue reading

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Commercial Credit Analysis: Sources of Repayment

The main concern that a banker has when facilities are extended is on the repayment of the monies advanced. This is the question that he will invariably zero in on and it would be prudent for the prospective borrower to advise him upfront on how he intends to repay the facility. In ideal circumstances there should be more than one source of repayment so that should there be, for some reason, a delay or a problem, the repayment commitment can still be honored. Bankers too, if presented with a well structured plan/ plans of repayment would be more willing to listen and even advance facilities. Primary Source: The primary source of repayment should be directly related to the kind of loan given i.e. for facilities extended (overdraft) for working capital or to finance trade the repayment should be from the proceeds of the goods sold. If a bridge loan prior Continue reading

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