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

Artificial Intelligence (AI) in the Workplace

Introduction to Artificial Intelligence A man is endowed with the ability to comprehend, respond, and perform. Creatures do not have the knowledge or responsiveness in this manner. Intelligence is characterized as the capacity to study, think, and find solutions. Artificial intelligence is defined as the execution of certain activities by a set of machines working together. Machine intelligence, as the name implies, is knowledge developed digitally when computers are programmed to act intelligently like people. Devices, if programmed with intellectual orders, would produce guaranteed results since they are effective. The nervous system might or may not be able to do so, depending on how the brain is functioning at the moment. In 1950, the word Artificial intelligence in 1950 was devised by John McCarthy who is frequently viewed as the initiator of AI skills because he was the primary person to discover the theory. It is the technique of programming Continue reading

Abey Francis

Impact of Artificial Intelligence on Unemployment

Fast technological development and automatization have caused many changes in people’s lives. As soon as the industrial revolution impacted the manufacturing process, productivity skyrocketed, and corporations became major societal driving factors. However, a downside of the industrial revolution was the fast improvement of equipment that worked more efficiently, cheaply, and faster than any person could. From this perspective, the jobs that were previously executed by people were quickly replaced with machines. A similar concern correlates with the current technological development, namely artificial intelligence. Artificial intelligence (AI) is a machine’s ability to learn through certain algorithms, which creates an environment in which it can become fully autonomous and used in any industry while performing any task. There are multiple uses in which AI can be applied, including medicine, physics, the economy, and other essential areas of life. However, similarly to the development of automatization during the industrial revolution, AI may correlate Continue reading

Abey Francis

Case Study of Amazon: Management Information Systems for Business Growth

Globalization can be credited for causing significant alterations in the way business is conducted and the increasingly competitive and constantly changing business environment. In many large corporations, it is not easy to detect strategic issues that confront business operations. It is also difficult to develop sustainable programs that steer organizational success. However, the advent of computers and information technology makes it easy to prepare strategic plans that facilitate the growth and success of companies. An ‘MIS’ is a strategic system that aids in collecting, analyzing, disseminating, and storing organizational data in the mode of information required to implement management functions. Management Information Systems (MIS) are concerned with planning for, development, management, and use of information technology tools to help people perform all tasks related to information processing and management. MIS aids in planning by offering the necessary information that assists in firm decision-making, especially in large organizations where the managers Continue reading

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Hazard Analysis and Critical Control Points (HACCP) – Need, Principles and Implementation

Hazard Analysis and Critical Control Point (HACCP) aims at ensuring safety of products by using preventive means. The approach is used to ensure safety of foods, pharmaceutical products, chemical and biological products. The approach aims at using preventive means rather use inspection on finished products. In food industry, Hazard Analysis Critical Control Point is used to identity factors that can compromise health safety. After safety hazard are identified then preventive action, referred to as Critical Control Points, are taken in order to prevent any negative health effects. HACCP system has no specific stage where it is used but is used at all levels of food production and preparation. It is used in all stages including processing, packaging, storage and distribution. HACCP programs have been successful ensuring safety of foods and thus help in preventing possible health hazard. Mandatory HACCP programs for meat and juices in the country are acclaimed for Continue reading

Abey Francis

360 Degree Feedback – Meaning, Process, Pros and Cons

360 degree feedback is an assessment evaluation tool that is focused on employee job performance from a multisource perspective. It is also referred as a multisource assessment or a multi-rater feedback since it relies on information from various actors. Ideally a 360 degree feedback assessment is done by evaluating an employee job performance through a comprehensive investigation of their working relationship, from both an internal and external perspective. The idea is to generate an accurate assessment of an employee job skills, quality of work output and team work abilities that can be relied for employee assessment and job evaluation. The term “360 degree feedback” was introduced in the 1990-s as systematic collection of information on the results of an individual or a group obtained from the environment. It is intended to obtain an informative feedback from the manager, subordinates, peers and management.  In some cases there may be used a Continue reading

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Comparing Six Sigma and Total Quality Management (TQM)

Six Sigma Six Sigma is the management technique based on project development and improving critical services and products of a firm. Therefore, Six Sigma aims to reduce product defects, reduce maintenance costs, and increase production effectiveness and efficiency to achieve these improvements. The techniques also aim at improving the understanding and satisfaction of clients’ needs and corporate governance by enhancing the competitive advantage of firms. The mechanism improves productivity and a company’s financial performance by establishing measures of correcting an organization’s internal controls. The primary aim of the Six Sigma mechanism is to improve the firm’s process capabilities by using various statistical tools. It reduces waste and eliminates costs that do not add value to the firm’s performance. The main objective of this technique is to improve service delivery and enhance customer satisfaction after correcting the critical business process which would cause delays in their performance. When the importance of Continue reading

Abey Francis