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

The Customer Satisfaction Model – Based on American Customer Satisfaction Index (ACSI)

Marketing Management

4 Important Profitability Ratios Every Business Must Calculate

While profitability ratios evaluate a business overall financial performance through appraising its capability to produce revenues in surplus of service costs as well as other expenses. There are at least four profitability ratios, which they are gross profit margin, as well net profit margin, besides return on assets, in addition to return on equity. These ratios are used to assess performance and, with other data, forecast prospect profitability. Along with that is the future viability in addition to the soundness, which will repay loans as well as credit, additionally pay interest along with dividends. Since profits are divided amongst shares, the profit per share indicates possible dividend. 1. Gross Profit Margin It demonstrates how well the business is efficiently producing or else providing products as well as services. It shows how well products are priced given the proper otherwise variable costs it takes to create or even give them. The Continue reading

Abey Francis

Concept of ‘Fear of Floating’

In the modern era, many countries claim to be running a floating exchange rate. However, many of these countries actively limit fluctuation in the external value of their national monies. This behaviour has been dubbed “fear of floating”, several reasons exist for it. Firstly, there is the ‘original sin’ problem. Many emerging economies are unable to borrow overseas in their domestic currency. This leads to an accumulation of foreign debt liabilities that are unhedged. If there is a sharp depreciation in these nations’ exchange rate, the domestic currency value of their external debt will be altered and thus their economies net worth will also change. Secondly, policymakers in emerging markets suffer from a chronic lack of credibility. The economies may therefore experience large and frequent shocks to exchange rate expectations or to interest rate risk premiums. To gain confidence and credibility, the authorities who set the interest rate will therefore Continue reading

Abey Francis

Introduction to Linear Programming (L.P)

The mathematical definition of linear programming (L.P.) can be stated as – “It is the analysis of problems in which a linear function of a number of variables is to be maximized (minimized), when those variables are subject to a number of restraints in the form of linear inequalities”. Linear programming models thus belong to a class of mathematical programming models concerned with efficient allocation of resources to known activities with the objective of meeting a desired goal. Organizations can have many goals. Hence, a wide variety of problems can be efficiently solved using L.P. technique. Here are a few examples: A product mix problem: Decide the combination of various product quantities to maximise profit or to minimise production cost. Allocation of bank funds: To achieve highest possible returns. This should be achieved within liquidity limits set by RBI and maintaining flexibility to meet the customers demand for loans. Manufacturing Continue reading

Abey Francis

Kotter’s Eight Step Change Model – Explained

Organizational change is described as the shift of the behavior of the whole organization, to one degree or another. One should understand that change is not that can immediately occurs, ought to be intended and planned process to maintain an organization practical and existing. Three categories of organizational change are; Development change is that change where organization try perform better what they all ready performing. Transitional change is that change in which organization implement totally new methods replacing old ones. Transformational change is that change where organization do major overhauling of its structure, vision and strategy and change bring evolution in the organization. Managing culture in the organization is very important these days when every day new technology is coming and there is so much competition in the market to stay on the top. Organizations are going through a big cycle of cultural change these days from daily tasks to Continue reading

Abey Francis

Mass Communication – Definition, Components, and Functions

Outside the realm of interpersonal communication exists another form of communication, which involves communication with mass audiences and hence the name mass communication; and the channels through which this kind of communication takes place are referred to as mass media. Both mass communication and mass media are generally considered synonymous for the sake of convenience. Mass communication is unique and different from interpersonal communication as evident from the following definition. Any mechanical device that multiplies messages and takes it to a large number of people simultaneously is called mass communication. The media through which messages are being transmitted include radio, TV, newspapers, magazines, films, records, tape recorders, video cassette recorders, etc and require large organizations and electronic devices to put across the message. It is clear from the definition that mass communication is a special kind of communication in which the nature of the audience and the feedback is different Continue reading

Abey Francis

Labor Administration

Labor administration is not simply the responsibility of the department of labor. Many international agencies and Government departments such as chambers of commerce, factory and mines inspectorate, social insurance directorate, and department of human resource development and education are involved in it. In some countries, the organizations of employers and workers are also involved in the administration of labor matters. But it is primarily the responsibility of the department of labor of lay down, develop and apply sound labor policies, coordinate various recommendations received from various departments which have a bearing on labor affairs. Formulation of policy decision are based on consultation with other interests (particularly of Employers and workers organizations) and of research and field investigation. Most of the labor policy proposals may emanate from the minister of labor himself or from his department. The department of labor is the body which receives most such proposals and initiates the Continue reading

Pages: 1 2
Abey Francis