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

Plant Layouts – Definition and Objectives

Plant layout means the disposition of the various facilities (equipment’s, material, manpower etc.)   within the areas of the site selected. Plant layout begins with the design of the factory building and goes up to the location and movement of work. All the facilities like equipment, raw material, machinery, tools, fixtures, workers etc. are given a proper place. Some definitions of Plant Layout are; In the words of James Lundy, “It identically involves the allocation of space and the arrangement of equipment in such a manner that overall cost are minimized”. According to MoNaughton Waynel, “A good layout results in comforts, convenience, appearance, safety and profit. A poor layout results in congestion, waste, frustration and inefficiency”. According to Andrew Greasly (2007), the layout of a plant or facility is concerned with the physical placement of resources such as equipment and storage facilities, which should be designed to facilitate the efficient Continue reading

Abey Francis

Global Division Structure of MNE’s

Global Division Structure or International Division Structure  of an Multinational Enterprise  involves vesting the responsibility for total management of global business activities with one designated division or department called Global Division. Globally specialized personnel are placed in charge of the division to handle the diverse matters as export/import negotiations, export/import documentation, foreign-exchange transactions, relations with foreign governments, foreign subsidiaries personnel management, foreign market promotion, etc. Most MNCs in their initial stages of globalization employed the ‘Global Division Structure’ covering certain regions of the world to supervise the functions in those regions. But conflicts could arise between the functional heads and the heads of the global division. Following figure gives a simple model of Global Division Structure. Randall S. Schuler, Peter J. Dowling, Helen De Cieri in their research paper in Journal of Management, Summer, 1993, observed that in the case of the Global division structure (design) the MNE basically adds Continue reading

Abey Francis

Execution of Forward Contracts in Foreign Exchange Markets

A customer under forward exchange contract knows in advance the time and amount of foreign exchange to be delivered and the customer is bound by this agreement. There should not be any variation and on the due date of the forward contract the customer will either deliver or take delivery of the fixed sum of foreign exchange agreed upon. But, in practice, quite often the delivery under a forward contract may take place before or after the due date, or delivery of foreign exchange may not take place at all. The bank generally agrees to these variations provided the customer agrees to bear the loss, if any, that the bank may have to sustain on account of the variation. Though the delivery or take delivery of a fixed sum of foreign exchange under a forward contract has to take place at the agreed time, quite often this does not happen Continue reading

Abey Francis

The Debt Collection Policy (Loan Recovery Policy)

The debt collection policy (recovery policy) of the bank is built around dignity and respect to customers.   The Bank will not follow policies that are unduly coercive in recovery of dues from borrowers.     The policy is built on courtesy, fair treatment and persuasion.   The bank believes in following fair practices with regard to recovery of   dues from borrowers and taking possession of security (properties / assets   charged to the bank as primary or collateral security) (known as security repossession) and thereby fostering customer confidence and long-term relationship. The repayment schedule for any loan sanctioned by the Bank will be fixed taking into account the repaying capacity and cash flow pattern of the borrower.   The bank will explain to the customer upfront the method of calculation of interest and how the Equated Monthly Installments (EMI) or payments through any other mode of repayment will Continue reading

Abey Francis

What is Hyperledger Technology?

Hyperledger Fabric is an implementation from blockchain framework, hosted by the Linux Foundation. It is an open source enterprise-grade permission that makes use of distributed ledger technology. It is a platform that deploys blockchain networks with the platform providing smart contracts, the ledger, and providing a consensus between the members through maintenance of the Fabric protocols. Fabric is designed for use by businesses with the blockchain itself being operated by a set of known participants. These participants are re-identified and vetted through a concept called the permission blockchain. The blockchain also provides a way of securing an interaction among a group of entities who know each other and have common business interests. These entities are interested in managing a decentralized network instead of turning the management of their ledgers to one party. Through reliance on the identities and peers, the blockchain can use the traditional crash fault tolerant or the Continue reading

Abey Francis

What is Work Life Flexibility?

Work life flexibility is important to have an effective and productive work at the workplace. It is seen that there are various advantages on having flexibility in work life. Having an appropriate work life balance is also essential to have a healthy lifestyle and a successful career. Work life flexibility helps the employee to be more responsible towards his family and adjust himself in various situations. The traditional method of job is found to be from 9am to 5pm. This is usually found as working hours in office. However, this traditional method of office hours is dying with time. In the modern world, people think that this traditional method of office hours does not make any practical sense. It is seen in the modern world that both the parents of a family are working. They need to stay outside the house more than they can give time to their family. Continue reading

Abey Francis