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

Factors that Contribute to Successful Organizations

An organization is said to be effective when it achieves the expected  output as by the management. An effective organization earns profit for  investors, offers satisfactory service to clients and has a potential  for growth and development. Organizations are able to survive chaotic times due to their adaptability to change. The management which provides  good leadership experiences employee retention and the workers are more  productive than one with a demoralized workforce. An organization has to facilitate training and continuous learning for  employees, the organization has contingency methods of operation that is different situations are handled by the different appropriate ways. An  organization has to engage the input of its employees in the decision making. The employees being a valuable asset should be motivated for  maximum input. Many studies observe that managers should take cognizance of the different values and beliefs held by employees. There should be no discrimination on  gender, Continue reading

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The Knowledge Management Life Cycle

Nowadays, most of organizations realize that the important of managing knowledge effectively. For doing so, they need to be always able to identify, generate, acquire, diffuse and capture the most valuable benefits of knowledge that sets up a strategic advantage to themselves. It also needs to have the ability to differentiate the information, which is digitizable, and true knowledge assets, which can only exist with in the context of an intelligent system. To be able to clearly understand the requirements for effectively implement knowledge management processes in the workplace, we may discuss the knowledge life cycle and strategies in each stages of the cycle. Knowledge Management Life Cycle Knowledge has a life cycle. New knowledge is born as uncertainty thing, and it form into shape as it is tested, matures through implementation in reality, is diffused to a growing user, and finally becomes broadly understood and recognize as common practice. Continue reading

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Features of Currency Swap Market

The currency swap market is the oldest and most creative sector of the swap market. This is not distinguished in market terms between the fixed rate currency swap and the currency coupon swap. There is no distinction in market terms between these two types of currency swaps because the only difference is whether the counter currency receipt/payment is on a fixed or floating basis – in structure and result, the two types of swaps are identical and it is a matter of taste (or preference) for one or both counter-parties to choose a fixed or floating payment. When the dollar is involved on one side of a given transaction, the possibility to convert a fixed rate preference on one side to a floating rate preference on the other side through interest rate swap market makes any distinction even more irrelevant. However, for those who like fine distinctions, there is a Continue reading

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Abey Francis

Using Different Types of Surveys for Data Collection in Research

Surveying means contacting for getting certain information. Survey method is a method of collecting data for research  purpose.  There are personal surveys, mail surveys, telephone surveys and internet surveys. Survey may be sample survey or census survey. The features of each of surveys are given below: Personal Survey Personal survey involves meeting personally every number who has to be surveyed. The features of this method of data collection are as follows. The number of respondents that can be contacted is not very high, as the time taken to contact the respondent, and the time spent on the interview itself is very high in relative terms. When the time available for research in large the personal method is used. The cost involved is highest in the personal method since it requires field interviewers as well as their conveyance/ traveling costs. Also, if a person is not available he may have to Continue reading

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Double Entry Bookkeeping System

Bookkeeping is an act of keeping permanent records of the financial transactions of a business in a systematic and orderly manner. The financial transactions of the business are identified, recorded and classified in different books. In modern entities, records of financial transactions are maintained under a double entry system. The double entry system has been recognized as a systematic and complete system for recording financial transactions. Double entry system recognizes that every financial transactions has two aspects. It then records two aspects of a transaction simultaneously in two separate accounts with equal amounts. It provides the aspects of a transaction with their names of debit and credit. Thereafter, with the help of ledger accounts, profit and loss account and the balance sheet are prepared to ascertain the profit and loss and the financial position of the business. Thus, the double entry system is the most systematic and complete system of Continue reading

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Value Architecture – Snapshot of the Company’s Business Model

For an entrepreneur is very important organize his key operational activities to make fundamental business decisions with respect to ‘focus’ — the strategic relevance and prioritization of these activities to achieve a developmental milestone; ‘locus’ — where you should geographically conduct these activities; and ‘modus’ — the way in which these different activities are executed. At the business model level, the focus, locus, and modus of the entrepreneur’s activities represent the company’s output, so represents the unique way in which a business executes its strategy to the market. Focus: Focus decisions are related to the strategic importance and allocation of a company’s resources to business activities, like where to invest additional resources or disinvest resources. The entrepreneur has to focus his attention on what business activities demand priority, resources, and attention. The key decision process here is to prioritize which activities to focus on during a specific stage of growth Continue reading

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