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

The Concept of Fringe Benefits

The human concept of labor has been recognized widely in the industrial world. The employer, though not bound, provides several benefits and services to the employees, working in the organization to maintain and promote the employees’ favorable attitude towards the work and work environment, because maintenance of favorable attitude towards the work and work environment, because maintenance of favorable attitude is an essential part of motivation and high morale. Such benefits and services, being a part of wage and salary administration, include all expenditure incurred to benefit employees over and above regular wages and direct monetary incentives related to output and are generally referred to as fringe benefits. The real wages of workers are increased by the benefits provided by the employer and thus, they are regarded as supplement to their wages. Many years ago, benefits and services were labeled ‘fringe’ benefits because they were relatively insignificant or fringe components Continue reading

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Case Study: Causes of the Recent Decline of Tesla

Tesla is a pioneering company that was founded in 2003 by a group of innovative and driven engineers. For years electric cars had a stigma for being worse than traditional gas-powered vehicles. The general public believed that a high-quality electric car could not exist. This is where Tesla stepped in, the firm quickly went to work crafting a high-end electric car and released the revolutionary Roadster sports car. The Roadster was considered a major feat because it could travel very far on a single charge unlike many other electric cars. The Roadster was a very physically attractive car that helped make the idea of riding around in an electric sports car seem like a sleek and cool thing. The Roadster served as Tesla’s coming out party and launched the company to major fame as people began to take notice. Tesla’s next mission was creating the Model S. The Model S Continue reading

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Choosing Business Strategies and Tactics

There are a few steps that have to be taken to ensure that the choice of Business Strategy made by an organization is sound. Firstly there should be the realization that resources and capabilities have to searched for and located and the search has to be systematically made over each of the functional areas including Marketing, Production, Sales and Finance. After this is done, the feasibility of using these resources individually or collectively has to be determined. This is a serious exercise and should involve senior and top management. A firm may have manufacturing skills in plenty, but if the challenge facing the company is to increase market penetration, priority will have to be given to strengthening the marketing and sales functions and provide them with the lions share of the operating budget to achieve the company’s aims. Another requirement to kept in mind, is that skills and capabilities identified Continue reading

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Components of Learning Process

Learning is an important psychological process that-determines human behavior. Learning can be defined as “relatively permanent change in behavior that occurs as a result of experience or reinforced practice”. There are four important points in the definition of learning: Learning involves a change in behavior, though this change is not necessarily an improvement over previous behavior. Learning generally has the connotation of improved behavior, but bad habits, prejudices, stereotypes, and work restrictions are also learned. The, behavioral change must be relatively permanent. Any temporary change in behavior is not a part of learning. The behavioral change must be based oh some form of practice or experience. The practice or experience must be reinforced in order so as to facilitate learning to occur. The components of learning process are: drive, cue stimuli, response, reinforcement and retention. Drive:  Learning frequently occurs in the presence of drive – any strong stimulus that impels Continue reading

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Clearing and Settlement of Futures and Options

National Securities Clearing Corporation Limited (NSCCL) undertakes clearing and settlement of all trades executed on the futures and options (F&O) segment of the NSE. It also acts as legal counterparty to all trades on the F&O segment and guarantees their financial settlement. Clearing Entities Clearing and settlement activities in the F&O segment are undertaken by NSCCL with the help of the following entities: Clearing members: In the F&O segment, some members, called self clearing members, clear and settle their trades executed by them only either on their own account or on account of their clients. Some others called trading member–cum–clearing member, clear and settle their own trades as well as trades of other trading members (TMs). Besides, there is a special category of members, called professional clearing members (PCM) who clear and settle trades executed by TMs. The members clearing their own trades and trades of others, and the PCMs Continue reading

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Measuring Employee Morale

Employee morale can be measured by assessing attitudes and job satisfaction. As morale is intangible and subjective concept, it cannot be directly measured or evaluated. Employees may be unwilling to express their feelings of satisfaction or dissatisfaction with their job to the management is no longer a valid assumption. Today’s employees and workplaces allow for a lot more transparency and open door philosophy seen in most organizations allow for employees to openly voice their views. Measuring employee morale ranges all the way from the “hunch” /general “feeling”, to more scientific efforts such as employee satisfaction surveys. Also the liberated employee of today feel very comfortable looking for a new job in another company rather than be unhappy and work in a company where he’s unhappy. It is important to study the commonly used methods for measuring employee morale, however increasingly the ‘employee satisfaction survey’ is the most preferred method in Continue reading

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