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

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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The Mines Act 1952

The mines act, 1952 which was enacted to amend and consolidate the law relating to the regulation of Lob our and safety in mines came into force with effect from July 1, 1952. The act extends to whole of India and it aims at providing for safe as well as proper working conditions in mines and certain amenities to the workers employed therein. For the purpose of the act, a mines means any excavation where any operation for the purpose of searching for or obtaining minerals has been or is being carried on and includes, i) all borings, bore holes and oil wells. ii) All shafts, in or adjacent to and belonging to a mine whether in the course of being sunk or not. iii) all power stations for supply electricity solely for the purpose of working the mine or a number of mines under the same management; iv)   Continue reading

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Customer Segmentation Analysis

The buying behavior of customers will vary by segment, such as the elderly, the affluent, where people live, and so forth. If you want to understand how to compete, then you should understand the purchasing processes — who is buying what from whom? You can start your analysis with various customer segments and then test each hypothesis to see if this segment is buying the product or service. This type of analysis, referred to as customer segmentation analysis, helps the organization focus on those segments that provide the greatest growth.  Customer segmentation analysis identifies and profiles promising target customers so that you can reach them with optimal marketing mixes. All consumer markets contain many subgroups of customers and prospects who behave differently, have different hopes, fears and aspirations, and have different purchasing behaviors. Segmentation enables a company to craft individual marketing plans that hit the “hot buttons” of each consumer Continue reading

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Syndicated Loan – Syndicated Lending Process

Syndicated form of raising finance came into existence when the size of individual loans got bigger and banks thought fit to share the risks with other lenders. The concept of sole bankers was no longer feasible when a large amount of funding was involved. Moreover the syndicated mode of financing has two important features, namely, amount (risks) and administrative saving (documentation to be one principal lender). There will be one principal lender who will finance and the other participant lenders in the syndicate will share the risks in a predetermined share. Governments of countries as well as the corporate sector are tapped the syndicated loan route. As the size of the individual loans increased, individual banks found it difficult to take the risk single handed-regulatory authorities in most countries limit the size of the individual exposures. Hence the practice of inviting other banks to participate in the loan, to form Continue reading

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