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

Internal Check – Definition, Objectives, Advantages and Limitations

Internal check is an arrangement of duties of members of staff in such a manner than the work performed by one person is automatically and independently checked by the others. According to ‘F.R.M.De PAULA’, “Internal check means practically a continuous internal audit carried on by the staff it self, by means of which the work of each individual is independently checked by other members of the staff.” According to ‘D.R. DAVAR,’ “Internal check is a system or method introduced with defined instructions given to staff as to their sphere of work with a view to control and verification of their work and also maintenance of accurate records as the ultimate aim.” Objectives of Internal Check To exercise moral pressure over staff. To ensure that the accounting system produces reliable and adequate information. To provide protection to the resources of the business against fraud, carelessness and inefficiency. To distribute the work Continue reading

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Major Participants in Foreign Exchange Market (Forex Market)

Participants in Forex Market The participants in the foreign exchange market comprise; Corporates Commercial banks Exchange brokers Central banks Corporates: The business houses, international investors, and multinational corporations may operate in the market to meet their genuine trade or investment requirements. They may also buy or sell currencies with a view to speculate or trade in currencies to the extent permitted by the exchange control regulations. They operate by placing orders with the commercial banks. The deals between banks and their clients form the retail segment of foreign exchange market. In India the Foreign Exchange Management (Possession and Retention of Foreign Currency) Regulations, 2000 permits retention, by resident, of foreign currency up to USD 2,000. Foreign Currency Management (Realization, Repatriation and Surrender of Foreign Exchange) Regulations, 2000 requires a resident in India who receives foreign exchange to surrender it to an authorized dealer: Within seven days of receipt in case Continue reading

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Meaning of Proxy Battles

Proxy battles take place when the agenda items at the meeting are likely to be opposed by dissident equity shareholders. Management of the company collect proxies to face these opponents in the meetings of the Board of Directors as well as shareholders. Meaning of Proxy Proxy is defined as a vote in deciding corporate issues in meetings and determining elections. Section 176 of the Companies Act, 1956 deals with the meaning, use and disposition of proxy, Section 176 is reproduced below: “176. Proxies — (1) Any members of a company entitled to attend and vote at a meeting of the company shall be entitled to appoint another and vote instead of himself; but a proxy so appointed shall not any right to speak at the meeting: Provided that, unless the articles otherwise provide: (a)       this subsection shall not apply in the case of a company not having Continue reading

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Why do Firms Go Green?

Environmental issues have gained importance in business as well as in public life through out the world. It is not like that a few leaders of different countries or few big renowned business houses are concerned about the day to day deterioration of oxygen level in our atmosphere but every common citizen of our country and the world is concerned about this common threat of global warming. So in this scenario of global concern, corporate houses has taken green-marketing as a part of their strategy to promote products by employing environmental claims either about their attributes or about the systems, policies and processes of the firms that manufacture or sell them. Clearly green marketing is part and parcel of over all corporate strategy; along with manipulating the traditional marketing mix (product, price, promotion and place), it require an understanding of public policy process. So we can say green marketing covers Continue reading

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Performance Management Process

Various authors propose various steps for performance management process. The typical performance management process includes some or all of the following steps, whether in performance management of organizations, subsystems, processes, etc. Note that how the steps are carried out can vary widely, depending on the focus of the performance efforts and who is in charge of carrying it out. For example, an economist might identify financial results, such as return on investment, profit rate, etc. An industrial psychologist might identify more human-based results, such as employee productivity. Performance management process is composed of four main stages: Planning Performance Managing Performance Reviewing Performance Rewarding Performance 1. Planning Performance As with the introduction of any process, there first needs to be clarity about the primary reason for introducing performance management and a clear view about what it is expected to deliver in terms of results. There also needs to be strong commitment Continue reading

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Learning Styles

Learning style refers to the ability of an individual to learn. A manager’s long-term success depends more on the ability to learn than on the mastery of the specific skills or technical knowledge. Kolb’s Learning Styles Model Kolb’s model of learning styles is one of the best-known and widely used learning style theories.  Kolb’s learning theory sets out  four distinct learning styles  (or preferences), which are based on  a four-stage learning cycle.  Much of Kolb’s theory is concerned with the learner’s internal cognitive processes. “Learning is the process whereby knowledge is created through the transformation of experience. Knowledge results from the combination of grasping experience and transforming it.” (David A. Kolb, 1984). These four learning styles are: accommodation, divergence, assimilation and convergence. The four learning styles are based on dimensions: feeling versus thinking and doing versus observing. Accommodator: An accommodator learns by doing and feeling. He tends to learn primarily Continue reading

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