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

Human Resource Management (HRM) – Definitions, Objectives, Scope and Importance

Definitions of Human Resource Management (HRM) Human Resource Management (HRM) is concerned with the “people” dimension in management. Since every organization is made up of people, acquiring their services, developing their skills, motivating them to high level of performance and ensuring that they continue to maintain their commitment to the Organization are essential to achieving organizational objectives. This is true regardless of type of organization – Government, business, education, health, recreation or social action. Those organization that are able to acquire, develop, stimulate and keep outstanding workers will be both effective, able to achieve their goals, and efficient (expanding the least amount of resources necessary). Those organization that are inefficient and ineffective risk the hazards of stagnating or going out of business. According to Thomas G. Spates, Human Resource Management (HRM)  is a code of the ways of organizing and treating individuals at work so that they will get the Continue reading

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Data Transmission Modes in Computer Networks

Data communication circuits can be configured in a huge number of arrangements depending on the specifics of the circuit, such as how many stations are on the circuit, type of transmission facility, distance between the stations, how many users at each station and so on. Data communication circuits can however be classified as either two point or multipoint. A two-point configuration involves only two stations, whereas a multipoint configuration involves more than two stations. Regardless of configuration, each station can have one or more computers, computer terminals or workstations. A two point circuit involves the transfer of digital information from a mainframe computer and a personal computer, two mainframe computers, two personal computers or two data communication networks. A multipoint network is generally used to interconnect a single mainframe computer to many personal computers or to interconnect many personal computers. Coming to transmission modes, there are three modes of transmission Continue reading

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Case Study: Henry Ford’s Contributions to Organizational Behavior and Leadership

Henry Ford, born in 1863 with his innovative ideas in producing motor vehicles and excellent engineering works went on to become the hero of people in the industry. His primary goal was always to produce petrol propelled motor vehicle and in 1896 he developed his first self propelled vehicle which he called the quadricycle. After a lot of struggles and legal battles, he founded the Ford Motor Company in 1903 with only $28000. He dreamed of making efficient affordable cars and in 1908 produced the popular model T. Henry Ford changed the world with his revolutionary ideas and transformed the motor industry with his leadership. The main aim of this case study is to describe his major contributions to the study of organizational behavior and discuss his leadership style. Every manager or leader’s aim is to achieve a workplace that has a pleasant setting, consists of employees who want to Continue reading

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The Innovation Ambition Matrix

An interesting evolution of the Ansoff matrix,  the  Innovation Ambition Matrix, coined in an  article from Harvard Business Review by two recognized consultants, Bansi Magji and Geoff Tuff, entitled  ‘Managing Your Innovation Portfolio’. Innovation Ambition Matrix is  a simple six-cell model  with the vertical axis concerned with  where  an organisation is competing (ranging from serving existing markets/customers at the bottom, entering adjacent markets in the middle, and creating new markets at the top end of the axis) and the horizontal axis referring to  type of  products/assets  used  (using existing products, adding incremental products, and developing new products/assets).  The axes of the matrix are labeled as follows: “How to Win.” This is designated for the novelty of the product that you are offering to customers. Are you using existing, adding incremental, or developing new products? “Where to Play.” This measures the novelty of your customers. Will the innovation serve an existing, Continue reading

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E-Business Model – Meaning, Elements and Types

In this Globalization era the developed, undeveloped and developing countries are preparing their societies and communities for globalization. The globalization is possible only because of revolution in communication technology. The concept of global economy is emerging which is making e-business, an indivisible component of business strategy planning. Banking, tourism, shopping, hotel booking, airlines booking, auctioning and the list is non-ending. Millions of internet users just rely for their financial as well as other services on their online transactions. As more and more people have started using internet, more specifically e-business, for their day to day working, e-business has become more and more popular. The excitement of using e-services has grown and the potential for success of businesses increased. As more and more companies have started using internet for their business growth, some problems have to be understood properly and the solutions to them have to be thought carefully. At one Continue reading

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Cash Conversion Cycle (CCC)

Cash Conversion Cycle (CCC) measures ongoing liquidity from the firm’s operation is defined as a more comprehensive measure of working capital and as a supplement to current ratio and quick ratio. CCC shows the time lag between expenditure for the purchases of raw materials and the collection of sales of finished goods. CCC is a measure of the efficiency of Working Capital Management as it indicates how quickly the current assets are converting into cash. CCC comprises three components of days inventory outstanding (DIO), days sales outstanding (DSO), and days payables outstanding (DPO); Cash Conversion Cycle (CCC) = Days Inventory Outstanding (DIO) + [Days Sales Outstanding (DSO) -Days Payables Outstanding (DPO)] Days Inventory Outstanding (DIO) is a key figure that measures the average amount of time that a firm holds its inventory. It is calculated by inventory/cost of sales x 365 days. A decrease in the DIO represents an improvement, Continue reading

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