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

Types of Software’s Used in Business

Software Trends Several major software trends. First, there has been a major trend away from custom-designed programs developed by the professional programmers of an organization. Instead, the trends is toward the use of off-the-shelf software packages acquired by end users from software vendors. This trend dramatically in creased with the development of relatively inexpensive and easy-to-use application software packages and multipurpose software suites for microcomputers.   The trend has accelerated recently, as software packages are designed with networking   capabilities and collaboration features that optimize their usefulness for end users and work grounds on the Internet and corporate intranets and extranets. Second, there has been a steady trend away from (1) technical, machine-specific programming language using binary-based or symbolic codes, or (2) procedural languages, which use brief statements and mathematical expressions to specify the sequence of instructions a computer must perform. Instead, the trend is toward the use of a Continue reading

Abey Francis

Need of Corporate Vision Statements

A corporate entity needs a vision because “where there is no vision, the people perish”(Proverb 29:18). This quotation from the holy writ aptly captures the essence of vision both at individuals and corporate level. Vision is important in that it guides and perpetuates corporate existence. Vision is viewed as a mental picture of a compelling future situation. It originates from creative imagination, the act or power of perceiving imaginative mental images or foresightedness. Corporate vision could be thought of as related to intuition. This is, however, not to eliminate other sources of corporate vision. Corporate vision can be associated with external agencies imposition of strategy or vision and, they can be deliberately formulated as part of strategic planning process. Notwithstanding the process leading to the emergency of vision, from strategic management perspectives, corporate vision creates a picture of a company’s destination and provides a rational for going there – Somewhat Continue reading

Abey Francis

Proxy and Reverse Proxy Servers

Proxy Server Proxy server is a computer system or application which works as an intermediary for clients searching resources which exist on other servers. It allows different users to access the internet at the same time on a single Internet connection.  It aims to improve the speed of surfing the internet and reducing network traffic. It receives requests from a web user such as a web page or a file available on a different server, then it evaluates at responds to the request. It simplifies this process and controls it. A proxy server is also part of a firewall and helps to prevent hackers from using the internet in order to not let them gain access to computers on a private network. The main features of a proxy server are: Caching: This happens when a user requests for a file. The proxy first browses its cache and forwards it if Continue reading

Abey Francis

7 Things to Consider When Choosing a Location for Your Business

One of the most important things before starting business is to choose the best place the business is to be started because in the first step or question before starting a new business is ‘Where to start the business’ because the finance is required when the plan of the business got final. Following are the tips and factors which needs to be satisfied by the person going to start a new business and is in the process of choosing the best location: 1. Nature of the Business Before choosing a location for a new business the owner has to understand the nature of the business and then he should choose the area that whether the community of the vicinity is of need of the products which are the product line of the business and whether any other such business is started in such locality and if so then evaluate the Continue reading

Abey Francis

Hundis – Meaning and Types

A Hundi is a negotiable instrument written in an oriental (vernacular) language.  The term ‘Hundi’ includes all indigenous negotiable instruments whether they are in the form of notes or bills. But they are mostly of the nature of bills of exchange. They are virtually inland bills of exchange and recognized by custom and law in India. The term comes from the Sanskrit word Hund which means to collect. It means that Hundis were used as means of collection of debts. Hundis are very popular among the Indian merchants and indigenous bankers from ancient times. The Negotiable Instruments act does not apply to Hundis. Hundis are governed by the custom and usages of the locality in which they are intended to be used. In case there is no customary rule known as to a certain point, the court can apply the rules of the Negotiable Instruments Act. It is also open Continue reading

Abey Francis

Type of Tests Taken in the Selection Process

Job seekers who pass the screening and the preliminary interview are called for tests. Different types of tests may be administered, depending on the job and the company. Generally, tests are used in the employee selection process to determine the applicant’s ability, aptitude and personality. The following are the type of tests taken in the employee selection process: 1). Ability tests: Assist in determining how well an individual can perform tasks related to the job. An excellent illustration of this is the typing tests given to a prospective employer for secretarial job. Also called as ‘ACHEIVEMENT TESTS’. It is concerned with what one has accomplished. When applicant claims to know something, an achievement test is taken to measure how well they know it. Trade tests are the most common type of achievement test given. Questions have been prepared and tested for such trades as asbestos worker, punch-press operators, electricians and Continue reading

Abey Francis