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

Obstacles to Effective Organizational Performance

Over the past decade there is an abundance of evidence, which could be produced to say that successful organizations are managed by efficient managers. Success in the long run can be ensured only through effective management. Successful managers foster sustainable growth through their skills, attributes and personal qualities. There is a distinction between common sense and common knowledge. Knowing things is different from doing things. Being able to analyze a case, identify a problem, and suggest a correct solution makes a manager more effective. Out of all the characteristics that make an effective organization, the most important factor is the quality and alignment of the human resources. The main obstacles to effective organizational performance  are discussed below. 1. Working Conditions Ergonomics does matter for job performance. Not only the furniture and fixtures but also the colors of the rooms and the objects with which people work influence people’s attitudes and Continue reading

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The Depositories Act, 1996

The Depositories Act, 1996 was enacted to provide for regulation of depositories in securities and for matters connected therewith or incidental thereto. It came into force from 20th September, 1995. The terms used in The Depositories Act,1996 are defined as under: (1) “Beneficial owner” means a person whose name is recorded as such with a depository. (2) “Depository” means a company, formed and registered under the Companies Act, 1956 and which has been granted a certificate of registration under sub-section (1A) of section 12 of the SEBI Act, 1992. (3) “Issuer” means any person making an issue of securities. (4) “Participant” means a person registered as such under sub-section (1A) of section 12 of the SEBI Act, 1992. (5) “Registered owner” means a depository whose name is entered as such in the register of the issuer. Agreement between depository and participant A depository shall enter into an agreement in the Continue reading

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Seven Basic Tools of Quality

For the reason of human factor and human reliability, it is inevitable that there could be occurred some kind of faults and errors even in well planned and technically equipped organizations and systems. The errors or unplanned risks that might be happened during the project, can lead the customer to have negative opinion about the management team. Also some faults and risks might not being able to fix or might be too expensive to overcome it. Therefore a well prepared quality management plan is essential for an organization in order to ensure that the management plan that the project team works on, meet the customer satisfaction and their needs. At this stage Ishikawa’s seven quality tools are quite helpful to determine, identify and evaluate the problems, their causes and suggestions for a continuous improvement process. These tools can be listed as; Histogram, Flow Chart, Scatter Diagram, Pareto Chart, Cause and Continue reading

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Efficient Use of Human Resources

The Human Resources of an organization represent one of its largest investments. The term human resources at the macro level indicate the sum of all the components (like skill, creative ability) possessed by all the people. Human resources at the organizational level include all the component resources of all employees from rank and file to top level management. So, it includes the resource, of all people who contribute their services to the attainment of organizational goals. Human resources play a crucial role in the development process of the present economy. It is often felt that though the exploitation of natural resources, availability of physical and financial resources and international aid play prominent roles in the growth of modern economies, none of these factors is more significant than efficient and committed manpower. A country with abundance of physical resources will not benefit itself unless human resources make use of them. Only Continue reading

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Data Ethics – Meaning, Risks and Mitigation

In the world of today, there is a rising increase in the amount of data being collected each day. This data is further being divulged across several environments, sectors, and industries. In most scenarios, the process of collecting data is really not a big deal but the ability and technicality of managing the large amount of data collected become an unending struggle. The struggle to effectively manage the exploding volume of data has led to increased prominence in the ethical use of data.  For this reason and more, it has caused the establishment of policies to ensure there is a check and balance as to how data is being shared with the sole purpose of protecting the integrity of people who own this information. In addition, people or organizations who are charged with the role of gathering, distributing, and using this data keep exploring the ethics of their practices and, Continue reading

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Case Study of Cisco: Transformation of Entire Supply Chain into an Extended Enterprise System

Cisco Systems of San Jose, California, is a company that develops networking devices such as switches, routers, network management software, and dial- up access servers. By the mid 1990s, realizing that growth depended on our ability to scale manufacturing, distribution and other supply chain processes quickly, Cisco managers decided to reinvent its business model and turn itself into a Web-enabled company. An ‘ecosystem’ which in fact transformed the entire supply chain into an extended enterprise system based on internet technology was created in order to links customers, prospects, partners, suppliers and employees in a multi-party, multi-location electronic network. E-Business can be defined as all electronically mediated information exchanges, both within an organisation and with external stakeholders supporting the range of business processes. It links internal employees with external customers, suppliers through technology like Internet, intranets, and extranets.  E-commerce, conceived as a subset of e-business, can be categorized as buy-side e-commerce Continue reading

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