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

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

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Organizational Development Through Management by Objectives (MBO)

Management by Objectives (MBO)  program begins with the top management providing clear statement of organizational purpose or mission so that individual member can align their goals with critical organizational objectives. This statement can then serve as a guide for developing long range goals and strategic planning.   Departmental and individual goals can then be derived from organizational   goals. Organizational Development  through  MBO approach generally involve the following stages: Formulating Long Range Goals: Guided by the organization’s mission statement, senior management defines critical long term objectives and determine how available resources will be used to accomplish these goals. This process then leads to strategic planning activities which describe how the organization will cope with its changing environment. Developing Specific Objectives: In this step, broad organizational objectives are translated into specific measurable outcomes with clearly stated  time-frames   Although organizational objectives may include areas such as profitability, market share, and quality, Continue reading

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What is Big Data Visualization?

By 2025, it is predicted that the value of data will increase by 10-fold. Virtually, every branch of industry or business will generate vast amount of data. Thus, the world will experience an aggressive growth and data could be a missed opportunity when not being utilized. And to make matter worse, the rate of collecting and storing data is faster than the ability to use them as a tangible decision-making. With the help of ever-growing technology, visionaries are creating visualization methods to help turning raw data with no value to an informative data. Big data has served a purpose for organizations to optimize their businesses. With an abundant amount of data that organization generate every day, the ability to turn the data into a decision, effectively and efficiently is crucial. Thus, the knowledge of analytics and visualization would come hand-in-hand to tackle the problem in big data. Hence, a new Continue reading

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Value Stream Mapping (VSM)

Value stream mapping is a framework that could be used by the line-managers to identify the types of wastages in a value chain. The goal of value stream mapping is to identify, demonstrate and decrease the waste. Value stream mapping identifies the non value adding activities in a process and eliminates wastage due to non-value adding activities. It focuses on visual maps the flow of materials and information from the time products come in the back door as a raw material through all manufacturing raw materials. In this frame work, the line-manager could be able to track the process flow and value addition to the product in every activity. Whenever a non value adding activity is identified then it is called as waste. 1. Value stream mapping to identify the type of wastage Value-adding steps are drawn across the center of the map and the non-value-adding steps be represented in Continue reading

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Case Study on Corporate Governance: Satyam Scam

Satyam Computers services limited was a consulting and an Information Technology (IT) services company founded by Mr. Ramalingam Raju in 1988. It was India’s fourth largest company in India’s IT industry, offering a variety of IT services to many types of businesses. Its’ networks spanned from 46 countries, across 6 continents and employing over 20,000 IT professionals. On 7th January 2009, Satyam scandal was publicly announced & Mr. Ramalingam confessed and notified SEBI of having falsified the account. The essential facts associated with the case are as follows: On 27 June 1987, Ramalinga Raju founded Satyam Computer Services along with his brother-in-law. At first, there were as little as twenty employees, but the organization determined itself as a large-scale player in the country’s IT sector, concentrating on the services concerned with software outsourcing. In 1991, the company made a successful first public appearance on the Bombay Stock Exchange. In four Continue reading

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Commercial or Financial Profitability

In order to assess the operational efficiency of a project and its  profitability most of the industrially advanced countries  employed various technique for the purpose of financial  profitability analysis. Profit is the primary objective of an enterprise. The word profit implies a  comparison of the operations of business between two specific dates  which are usually separated by an interval of one year.  The maximization of profit within a socially acceptable limit implies that a  proper regard for public interest has been shown. Really it is the growth  of profit which enables a firm to pay higher dividends to its ordinary  shareholders. According to the Economists point of view profit is the reward for  entrepreneurship.  Various  factors influence the profit variations. They are as follows. The volume of sales plays a tremendous part in profit making. So  long as a sustained maximum volume continues at the top of  capacity curve, break Continue reading

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