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

Case Study: Euro Disney Failure – Failed Americanism?

Many of Businesses in America make detailed assumptions about the potential of expand their business to other countries and structural models of organizing which can be easily failed to consider the cultural differences. One of the examples of the outcome to intercultural business is Disney Corporation’s European venture. Due to lack of cultural information of France as well as Europe, further on their inability to forecast problems, Disney acquired a huge debt. False assumptions led to a great loss of time, money and even reputation for corporation itself. Instead of analyzing and learning from its potential visitors, Disney chose to make assumptions about the preference of Europeans, which turned out that most of those assumptions were wrong. Euro Disney Disaster Until 1992, the Walt Disney Company had experienced nothing but success in the theme park business. Its first park, Disneyland, opened in Anaheim, California, in 1955. Its theme song, “It’s Continue reading

Abey Francis

Universal Banking In India

RBI states: “The emerging scenario in the Indian banking system points to the likelihood of the provision of multifarious financial services under one roof. This will present opportunities to banks to explore territories in the field of credit/debit cards, mortgage financing, infrastructure lending, asset securitisation, leasing and factoring. At the same time it will throw challenges in the form of increased competition and place strain on the profit margins of banks” The evolving scenario in the Indian banking system points to the emergence of universal banking. The traditional working capital financing is no longer the banks major lending area while FIs are no longer dominant in term lending. The motive of universal banking is to fulfill all the financial needs of the customer under one roof. The leaders in the financial sector will be aiming to become a one-stop financial shop. In recent times, ICICI group has expressed their aim Continue reading

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Change Agents in Organizational Change

Organizations and their managers must recognize that change, in itself, is  not necessarily a problem. The problem often lies in an inability to effectively  manage change : not only can the adopted process be wrong, but also the  conceptual framework may lack vision and understanding. Why is this the case?  Possibly, and many practicing managers would concur, the problem may be  traced to the managers’ growing inability to approximately develop and  reinforce their role and purpose within complex, dynamic and challenging  organizations. Change is now a way of life; organizations, and more importantly  their managers, must recognize the need to adopt strategic approaches when  facing transformation situations. Throughout the 1980s and 1990s organizations,  both national and international, strived to develop sustainable advantage in both  volatile and competitive operating environments. Those that have survived,  and/or developed, have often found that the creative and market driven  management of their human resources can Continue reading

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Operating System – Meaning, Types and Functions

Operating system is the program, which usually installed into the computer by a boot program. It manages all other programs in computer. Sometimes it also called as “OS”. These programs also called applications. The application uses the operating system by making requests for services through API (Application Program Interface). Sometimes users can directly use the operating system through GUI (Graphical Users Interface) or command language. Operating system is a program that allows you to work with hardware and software on your computer. Basically, there are two ways to use operating system on your computer. The two ways are as follows: 1. for ex., DOS, you type a text commands and computer give respond to you according to your command. This is called command line operating system. 2. With a GUI (Graphical User Interface) operating system (ex., windows). You relate with the computer through graphical user interface with pictures and buttons Continue reading

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Types of Costing Systems

Some costs are direct while others are indirect, direct costs can be identified to a specific products but indirect costs which are not identifiable to specific products, need to be allocated on some objective and rational basis for product costing and pricing which can be justifiable to customers. Costing systems are the systematic allocation of cost to products. It can be used for planning, decision making and control purpose as well. Budgeted figures are used for costing of products as actual prices are not known at time when prices are decided. Important Types of  Costing Systems 1. Absorption Costing System Absorption costing system is the method of allocating overheads (Fixed and variable) to products based on pre-determined absorption rate. To find the pre-determined rate total budgeted overhead cost is divided by activity level. The basis on which costs are allocated are subjective and difficult to justify. Absorption costing system gives Continue reading

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Compensation Management Process

In order to achieve the objectives of compensation management, it  should proceed as a process. The compensation management process has various sequential steps as shown: 1. Organisation’s Strategy Organisation’s overall strategy, though not a step of  compensation management is the starting point in the total human resource  management process including compensation management. Companies  operating in different types of market/product having varying level of maturity,  adopt different strategies and matching compensation strategy and blend of  different compensation methods. Thus, it can be seen that organisations follow  different strategies in different market situations and align their compensation  strategy and contents with these strategies. In a growing market, an organisation  can expand its business through internal expansion or takeover and merger of  other organisations in the same line of business or a combination of both. In  such a growing market, the inputs, particularly human resources, do not grow in  the same proportion as Continue reading

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