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

Five Important Organizational Cultural Models

Management Principles

Case Study: A Phenomenon Called Steve Jobs

Ask any Techno-freak his list of dream gadgets and the odds are high that the list would be populated by products from Apple. Apple has reached to such an extent that these new age Geeks would consider it a sin akin to homicide not to know about Apple! No wonder many people may at least find it better to pretend to aspire for Apple products when in reality they may not even know its functionality! So who was (and is) behind this revolution called the “Apple Revolution” which has managed to dominate B-School case study discussions? (Dear Techno freaks this question is not for you!) The person attributed to this revolution was born in February 24, 1955 to an unmarried couple and was later adopted by a lower middle class family and was named Steven Paul (Steve) Jobs. Even before adoption Steve’s adopted parents had to assure his Biological mother Continue reading

Abey Francis

Single Global Currency – Concept, Advantages and Disadvantages

At the beginning of World War I, this standard ceased to exist and in 1920 countries permitted greater exchange rate flexibility, which however did not last long and after the end of the World War II the Bretton Woods system has been implemented. This standard has been created as a result of numerous meetings between the World War II winning states with the final conference taking place at the Hotel in Bretton Woods, New Hampshire. The standard took the name of this last conference’s venue. In August 15, 1971 Richard Nixon in his speech announced that the price of dollar will be no longer fixed against gold. This has put an end to the Bretton Woods system and has set-off a new era in international monetary system. The main feature of this new system is that it is neither a pure gold standard nor a pure exchange rate float, but Continue reading

Abey Francis

Capital Sources for Business: Debentures

A debenture is a document issued by a company as an evidence of a debt due from the company with or without a charge on the assets of the company. It is an acknowledgement of the company’s indebtedness to its debenture-holders. Debentures are financial instruments for raising long term debt capital. Debenture holders are the creditors of the company. In India, according to the Companies Act, 1956, the term debenture includes “debenture stock, bonds and any other securities of a company whether constituting a charge on the assets of the company or not.” Debenture-holders are entitled to periodical payment of interest at an agreed rate. They are also entitled to redemption of their capital as per the agreed terms. No voting rights are given to debenture-holders. Under section 117 of the Companies Act, 1956, debentures with voting rights cannot be issued. Usually debentures are secured by charge on or mortgage Continue reading

Abey Francis

The Importance of Strategic Management in Business

Strategic management provides the framework for all the major business decisions of an enterprise such as decisions on businesses, products and markets, manufacturing facilities, investments and organizational structure. In a successful corporation, strategic planning works as the pathfinder to various business opportunities; simultaneously, it also serves as a corporate defense mechanism, helping the firm avoid costly mistakes in product market choices or investments. Another reason for the importance of strategic management is that it provides a sense of direction so that organization members know where to expend their efforts. Without a strategic plan, managers throughout the organization may concentrate on day-to-day activities only to find that a competitor has maneuvered itself into a favorable competitive position by taking a more comprehensive, long-term view of strategic directions. Yet another reason for the importance of strategic management is that it can help highlight the need for innovation and provide an organized approach Continue reading

Abey Francis

The Importance of Mission and Vision Statements

The corporate strategy starts through Vision and Mission Statements can be accessed by culture, core values and its core values on which it competes. Mission statement shows the exact purpose of the organization. This statement is primary objective of the organization to show the plans, aims and programs of the company. A mission statement is bit different from the vision statement.  A clear mission statement also focus on what are the advantages which is you are offering to your patrons as well as consumers it also tells you exact purpose of your organization. A good mission statement is like a born of success for the organization. It is very for the companies to find out the ways and also do the regular confirmation whether company or organization is on the right way or not. A purpose of a clear mission statement to an organization to align the people as well Continue reading

Abey Francis

Foreign Exchange Exposure – Meaning and Types

Meaning of Foreign Exchange Exposure Foreign exchange risk is related to the variability of the domestic currency values of assets, liabilities or operating income due to unanticipated changes in exchange rates, whereas foreign exchange exposure is what is at risk. Foreign currency exposures and the attendant risk arise whenever a company has an income or expenditure or an asset or liability in a currency other than that of the balance sheet currency. Indeed exposures can arise even for companies with no income, expenditure, asset or liability in a currency different from the balance sheet currency. When there is a condition prevalent where the exchange rates become extremely volatile the exchange rate movements destabilize the cash flows of a business significantly. Such destabilization of cash flows that affects the profitability of the business is the risk from foreign currency exposures. Classification of Exposures Financial economists distinguish between three types of currency Continue reading

Abey Francis