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

Human Resources as a Strategic Partner in an Organization

The general scenario in most companies is as follows. HR management teams have  well-developed visions of their departments, their roles and responsibilities. But, the  senior management is generally skeptical of HR’s role in the firm’s success. They  generally consider HR to just be another necessary appendage but not something that  can contribute to the success of the company. Even if the senior management does  believe that human capital is their most prized possession and asset, they cannot  understand how the HR team can make this belief come alive. There is one reason for all of this. Human capital is an intangible asset and HR’s  influence on firm performance is difficult to measure. The standard elements of a firm’s  resource architecture that are measured include total compensation, employee turnover,  cost per hire, percentage of employees that undergo performance appraisals and  percentage employee satisfaction. The question to be asked is: Are these Continue reading

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Non-Profit Organization: Meaning and Characteristics

The term ‘non-profit organization‘ refers to government organizations, educational institutions, religious bodies, foundations, libraries, clubs, Government hospitals, and welfare organizations. These organizations exit to render service rather than to earn profits. Their success is also measured primarily by how well they render the service. For example, the purpose of a library is to provide books and a place for reading and reference. Its performance can, therefore, be measured by how well it renders the service to its readers. Non-profit organizations aim at providing the best possible service with the given resources and the managerial decisions are taken accordingly. The objectives of a non-profit organization are less precise, more diverse, and sometimes contradictory. Distinctive Characteristics of Non-Profit Organisations The main difference between profit and non-profit organizations lies in the purpose for which they exist. In addition following differences are found in the characteristics of these two types of organizations: Profit Measure. Continue reading

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Competitive Advantage of Internationalization Strategies

First, the structure of competition is undergoing a profound change. Competitiveness is moving rapidly from a national to an international – indeed, global-scale. It is clear that, even with government purchasing, fewer segments of industry remain defensible at the national level in, for example, consumer electronics, telecommunications, transport technology and power engineering; and there is a growing list of sectors where companies are experiencing the benefits of value-added from design to sales. In some sectors, it can be in terms of designing products for many markets, thus lowering production costs earlier than is possible for purely national forms (worldwide designs can cover 80 per cent of customer needs, with 20 per cent for local adaptations). Secondly, competitive advantage, as the basis for strategy, must rest on some clear sustainable product or market factor, controlled by the firm, which is superior to what other companies can offer or deliver. This can Continue reading

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The Seven Dimensions of Culture by Fons Trompenaars

Fons Trompenaars is the author who belongs to dutch he is one the author of cross cultural communications. Fons studied economics from free university of Amsterdam and he got hid PhD from Wharton school. Trompenaars and Charles hampden have developed a culture which have seven dimensions. Five of his dimensions covers the way in which people interact with each other. The seven dimensions of  culture by Trompenaars are explained below. 1. Universalism (vs. Particularism) Universalism/particularism distinguishes societies based on the relative importance they place on rules and laws as opposed to personal relationships. The basic question is: “What is more important–rules or relationships?” Members of universalistic societies focus more on rules, codes, values and standards and believe that they take precedence over the needs and claims of friends and other personal relationships; believe that rules or laws can be applied to everyone and should be used to determine what is Continue reading

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Barriers To Information And Knowledge Sharing

Information and knowledge sharing has become increasingly relevant in an organization since the transfer from an industrial economy based on a hierarchical control to a global, information-driven financial system and decentralized. Information and knowledge management from human is new and very tangible as well as technological side. The problems associated with sharing information and knowledge is to be briefly informed as one of the basic activities of information and knowledge management. Changes both in community culture and in deployed technological solutions and work procedures are required by the knowledge management. This serves as an essential of interaction between technological and social subsystems which demonstrates the information that searching, storing, manipulation and sharing of enormous volume of information are enabled by IT. Moreover, the conversion of data into information with minimum time and space constraints are enabled. The crucial consequence is the fact that in information and knowledge sharing IT plays Continue reading

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Portfolio Analysis in Investment Portfolio Management

The main aim of portfolio analysis in investment portfolio management is to give a caution direction to the risk and return of an investor on portfolio. Individual securities have risk return characteristics of their own. Therefore, portfolio analysis indicates the future risk and return in holding of different individual instruments. The portfolio analysis has been highly successful in tracing the efficient portfolio. Portfolio analysis considers the determination of future risk and return in holding various blends of individual securities. An investor can sometime reduce portfolio risk by adding another security with greater individual risk than any other security in the portfolio. Portfolio analysis is mainly depending on Risk and Return of the portfolio. The expected return of a portfolio should depend on the expected return of each of the security contained in the portfolio. The amount invested in each security is most important. The portfolio’s expected holding period value relative Continue reading

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