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

Security Analysis Phase in Investement Portfolio Management

Security Analysis in Portfolio Management There are different types of securities are available to an investor for investment. In Indian stock exchanges shares of more than 7000 companies are listed. Traditionally, the securities were classified into ownership such as equity shares, preference shares, and debt as a debenture bonds etc. Recently companies to raise funds for their projects are issuing a number of new securities with innovative feature. Convertible debenture, discount bonds, Zero coupon bonds, Flexi bond, floating rate bond, etc. are some of these new securities. From these huge group of securities the investors has to choose those securities, which he considers worthwhile to be included in his investment portfolio. So for this detailed security analysis is most important. The aim of the security analysis in portfolio management is to find out intrinsic value of a security. The basic value is also called as the real value of a Continue reading

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Incentive Types – Most Important Types of Incentive Plans

Incentives can be defined as monetary or non-monetary reward offered to the employees for contributing more efficiency. Incentive can be extra payment or something more than the regular salary or wage. Incentive acts as a very good stimulator or motivator because it encourages the employees to improve their efficiency level and reach the target. The two common types of incentives are: 1. Monetary or Financial Incentives The reward or incentive which can be calculated in terms of money is known as monetary incentive. These incentives are offered to employees who have more physiological, social and security need active in them. The common monetary incentives are: Pay and allowances. Regular increments in salary every year and grant of allowance act as good motivators. In some organizations pay hikes and allowances are directly linked with the performance of the employee. To get increment and allowance employees perform to their best ability. Profits Continue reading

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Feasibility Analysis in System Development Process

Most organizations find it beneficial to use a set of steps, called a system development methodology, to develop and support their information system. Like many processes, the development of information system often follows a life cycle. The Systems Development Life Cycle (SDLC) is a common methodology for system development in many organizations, featuring various phases that mark the progress of the system analysis and design effort. Read More : System Development Life Cycle Analysis is the third phase of Systems Development Life Cycle (SDLC). During this phase, the analysis has several sub-phases which can be discussed as given below; The first is requirements determination. In this sub-phase, analysts work with users to determine the expectations of users from the proposed system. This sub-phase usually involves a careful study of current systems, manual or computerized that might be replaced or enhanced as part of this project. Next, the requirements are studied Continue reading

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Nature and Importance of Managerial Principles by Henri Fayol

Henri Fayol was one of the most influential contributors to modern concepts of management. Fayol has been described as the father of modern operational management theory. Like Socrates, Fayol suggested that management is a universal human activity that applies equally well to the family as it does to the corporation. Fayol’s career began as a mining engineer. He then moved into research geology and in 1888 joined, Comambault as Director. Comambault was in difficulty but Fayol turned the operation round. On retirement he published his work – a comprehensive theory of administration – described and classified administrative management roles and processes then became recognized and referenced by others in the growing discourse about management. He is frequently seen as a key, early contributor to a classical or administrative management school of thought. His theorizing about administration was built on personal observation and experience of what worked well in terms of Continue reading

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Multinational Corporations Adaptability to Host Environments

All Multinational Corporations (MNCs) are not equally likely to cause friction and tension in their host  economies. Some adapt with relative ease and become closely integrated with  their host environment, both economically and socio-culturally; others remain  isolated and insulated, often forming alien enclaves in the host society. There  appears to be a causal relationship between the MNC’s organizational structure  that is, its organizational design as well as its underlying objectives and  strategies and its capacity for social adaptation to host country conditions.  In terms of inducement to social conflict, MNCs fall into three categories: home  dominated, host dominated, and internationally integrated. Home or Parent Dominated MNCs These enterprises are organized and managed in such a way that the foreign  based subsidiaries and other affiliates, whatever their specific legal form, serve  primarily in a complementary support role. Their function is to help the parent  company achieve its business objectives in the Continue reading

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Project Planning

Project Planning is foreseeing with blue print towards some predicted  goals or ends. Project plan is a skeleton which consists of bundle of activities  with its future prospects; it is a guided activity. It is a plan for which resources  are allocated and efforts are being made to commence the project with great  amount of pre-planning, project is a way of defining what we are hoping to do  about certain issue. The project alone is not responsible for what happens during  the course of a planning. Project is a final form of written documents that guides  us as to what steps need to be taken next. Nature of  Project Planning One cannot conceive a project in a linear manner. It involves few  activities, resources, constrains and interrelationships which can be visualized  easily by the human mind and planned informally. However, when a project  crosses a certain threshold level of size Continue reading

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