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

Organizational Culture – Development and Importance

Management Principles

Is a Dollar Always Worth a Dollar?

The value of a dollar changes dramatically, depending on when you can take control of the dollar and invest it. The critical variable in the exact value of a dollar is time. If someone owes you a dollar, do you want him to pay you today or next year? Yes! The answer is, Today. With inflation consistently destroying the purchasing power of a dollar, a year from now a dollar will be worth slightly less than it is today. “Inflation” is an economic term used to describe the gradual tendency of prices to rise over time. If inflation is 2% per year, which means that prices, on average, will rise 2% over the next year, which in turn means that your dollar can purchase 2 cents less in a year than it can today. That’s right, with 2% inflation, a dollar today is worth only 98 cents in a year. Continue reading

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Marine Insurance – Meaning, Definition and Types

Marine insurance is a contract of indemnity whereby the assurer or underwriter agrees, for a stated consideration, known as the premium, to protect and indemnify the shipper and/or owner of the goods against loss, damage, or expense in connection with the goods at risk, if the damage is caused by perils specified in the contract known as the policy of insurance. When the goods have left the shipper’s plant or warehouse and are in the course of transportation, shipper has no physical means for the protection of these goods and must rely upon the ability of the transportation company to which he entrusts them for safe delivery at their intended destination. In addition, there are perils and hazards which the goods may encounter and which are beyond control of the carrier. Hence the importance of marine insurance can well be appreciated. The carrier in export trade is not an insurer Continue reading

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Staffing Process in Management

Staffing means manning of an organization. Staffing process involves determination of manpower requirements, recruitment, selection, placement, training, development, job transfer and appraisal of personnel to fill the various positions in an organization. 1. Manpower Planning The staffing function starts with the manpower planning. This means to assess precisely how many persons are required for the various positions in the organization, how many persons does the organization already haves and how many more will have to be appointed. The staffing also ensures that the right kind of people is to be placed at the right job. Manpower planning is also known as Human Resource Planning. Beach has defined it as “a process of determining and assuring that the organization will have an adequate number of qualified persons, at the proper times, performing jobs which meet the needs of the enterprise and which provide satisfaction for the individuals involved.” 2. Recruitment The Continue reading

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Ethical Hacking – Need, Types, Applications and Problems

The word hacking is defined as an illegal use of the other’s computer system or the network resources. Hacker is the term which is formerly meant for the skillful programmer. The word hacker refers to the names of the persons who enjoys the work in learning the details of the computer systems and stretch the capabilities from the system. The system of hacking describes the fast improvement in the new programs that make the codes for the providing a better security to the system with more efficiency. The word cracker also belongs to the same field it make use of the hacking skills for the unlawful purposes like email id, intruding into other’s system. Hacking is of different types such as back door hacking, viruses and worms, Trojan horses, Denial of Services, anarchists, crackers, kiddies and ethical hacking. In the types of hacking system one of the most common hacking Continue reading

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What is Social Marketing?

Nowadays, social marketing is very common in lots of places, for example government agencies, private nonprofit organizations, private for-profit firms and universities. However, many people don’t know what does social marketing is and how it differs from similar fields such as communications and behavior mobilization, it is being confused with generic marketing like ‘societal marketing’ and ‘socially responsible marketing’. There are some practitioners are doing social advertising but they think they are doing social marketing. Social marketing is to understand how to influence people’s behavior in a good way and make better standard of living for human, so it is necessarily to make all these marketing concept clear and to understand them more deeply. To discuss the concept of social marketing, we first have to know the definition of it. Social marketing is defined as the design, implementation and control of programs calculated to influence the acceptability of social ideas Continue reading

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Scalable Reporting Definition, Benefits, and Best Practices

Often, the ever-changing dynamic world of business prompts businesses to adapt and overcome various challenges. One such emerging and indispensable tool in the modern business world is scalable reporting. In this article, we will delve deep into understanding what scalable reporting is, defining its scalability, and its benefits, and looking at some case studies. Furthermore, we will provide a discussion of the best practices for implementing scalable reporting in your business. Follow this link to get a comprehensive scalable reporting definition. Keep reading to find out more about this key business strategy tool. Understanding Scalable Reporting Scalable reporting is an emerging data analytics tool that has seen widespread acceptance in several sectors. As businesses expand, so do their data analytics requirements. Scalable reporting allows organizations to respond to such expansive data needs effectively. The mechanism behind scalable reporting involves increasing data handling capability without compromising performance. This technology ensures businesses can analyze an Continue reading

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