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

Formalized Strategic Planning in Organizations

Strategic planning is an organization’s process of understanding its strategy and making decisions on where to allocate the companies resources in order to peruse the strategy. Using strategic planning can help organizations with many things like improving organizational performance, build teamwork, expertise and foresee future problems and opportunities. If strategic planning were to be used successfully it could benefit public agencies, departments, and major organizational divisions. The strategy is used to carry out the organization’s comprehensive goals. Nature of Formalized Strategic Planning The nature of strategic planning is to understand how a company will work over a period of years in order to work from where it is to where it wants to be by deciding the companies’ institutional directions, intended results, how the results will be carried out to be accomplished and how success can be measured and evaluated, having a strategic plan means the company will be able to Continue reading

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Techniques or Tools Used for the Design of Good Plant Layouts

An ideal plant layout should provide the optimum relationship among output, floor area and manufacturing process. It facilitates the production process, minimizes material handling, time and cost, and allows flexibility of operations, easy production flow, makes economic use of the building, promotes effective utilization of manpower, and provides for employee’s convenience, safety, comfort at work, maximum exposure to natural light and ventilation. It is also important because it affects the flow of material and processes, labor efficiency, supervision and control, use of space and expansion possibilities etc. Recommended Reading: Plant layouts – Definition and Objectives In designing or improving the plan of plant layout, certain techniques or tools are developed and are in common use today. The techniques or tools are as follows: 1. Charts and Diagrams: In order to achieve work simplification, production engineers make use of several charts and diagrams for summarizing and analyzing production process and procedure. Continue reading

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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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