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

What is Cryptography and Its Types?

Cryptography is defined as hiding the message to make it secret using scrambled codes. It allows the date to be changed into a code that is not legal for not permitted person and it needs to be converted back to its original message for it to become readable. Encryption and decryption are the process of cryptography. Encryption is when the readable text is converted into coded text while the decryption is where the coded text is converted into readable text. There are numerous types of cryptography but the symmetric and asymmetric key cryptography is the most used technique. 1. Symmetric-key Cryptography Symmetric-key Cryptography is also known as the private key cryptography. It is the oldest and well-known technique of cryptography. This method is simple which only requires each computer that has a code that will be encrypted by an encryption software into packets of data before it is sent across Continue reading

Abey Francis

Reasons Behind the Financial Crisis of 2008

Financial crisis is a bubble created by excessive investor inclination towards a particular market. It shadows the valuations and when the bubble bursts, the investors want to exit and therefore rapidly start selling their stake. Too much of capital led to lower interest rates and this in return forced the investors to look for creative investment platforms where the yield was high. This requirement led to an unprecedented growth in the securitization market as the inclination towards such derivative instruments was high. Investors were willing to take higher risks as compared to the returns they would receive for their investments. Greed for higher returns, excessive leverage and low volatility led to the financial crisis of 2008. This low volatility which was a result of shadowed valuations led the borrowers to borrow over and above what their asset base allowed notwithstanding the criteria of credibility. 1. Low Volatility and High Leverage: Continue reading

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Blockchain Technology – Advantages and Disadvantages

In 2017, a new form of currency and heated topic came to light, Bitcoin. Soon after its emergence, Bitcoin turned into the most invested in and discussed topic. It was considered to be a future form of digital currency. Investors and debaters understood the basics of how Bitcoin operated, however, the system behind Bitcoin was unclear. Bitcoin, alike many other cryptocurrencies, uses a system called Blockchain. What is Blockchain? How does Blockchain play a role in cryptocurrency? According to Bitcoin.org, “The block chain is a shared public ledger on which the entire Bitcoin network relies.” For example, imagine an iron chain full of square blocks, each block is bind by a transaction between two parties. The blocks are added one after another in chronological order. Within this block, information from both participants is contained. Once the transaction is made, it will be displayed for the public to view.  Blockchain plays a Continue reading

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Terminology Management in Business

What is Terminology? In essence terminology is the binding definition of terms and wording in one or more languages which can theoretically explain anything including processes, products and concepts etc. Terminology is the study of terms and their use in one way or another whenever and wherever specialized information and knowledge are created, communicated, recorded, processed, transformed or re-used and so on. It is a structured set of terms and concepts in a particular subject field and it can be considered the infrastructure of specialized information. Terminology  Management Terminology management is the science of terms and definitions which is primarily concerned with manipulating terminological resources for specific purposes. Terms in terminology have exact definitions within the field, which is not necessarily the similar as their meaning in ordinary use. Without using proper terminology resources technical writing and technical documentation can be impossible. Literally terminology management is the core of an Continue reading

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Four Important Types of Innovation

Innovation is defined as new ideas that work and a successful innovation can be achieved through the creation and implementation of new processes, products, services and methods of delivery which will result in significant improvements in the profitability and enhance the growth of an enterprise. An organization is considered innovative if it stirs up the marketplace, by creating competitive pressures and new opportunities. It has been recognized that innovation success in an established organization requires balancing the stabilized efficiency of the current market offerings and building new capabilities to create and develop offerings for unknown markets. There exist four types of changes to achieve strategic edge within an organization. Managers can use these four types of changes to achieve competitive advantage in the international environment. Each company can have maximum impact upon the chosen market through its own unique configuration of technology, product and services, strategy and structure, and culture Continue reading

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Survival of the Fittest in Business

“The law is the survival of the fittest…. The law is not the survival of the ‘better’ or the ‘stronger,’ if we give to those words any thing like their ordinary meanings. It is the survival of those which are constitutionally fittest to thrive under the conditions in which they are placed; and very often that which, humanly speaking, is inferiority, causes the survival.”   •  Herbert Spencer At any given time, there may be firms of varying sizes and efficiency in an industry, possibly some making profits and others incurring losses. As long as industry is open for anyone to enter freely, an excess of price over the attainable average total costs will encourage the entry of new firms. As such new firms move in, they compete with existing firms and the most inefficient firms are eliminated. In the long-run, therefore, only those firms will remain in the industry, which Continue reading

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