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

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

Abey Francis

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

Abey Francis

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

Abey Francis

Risks of Generic Competitive Strategies

Fundamentally, the risks in pursuing the Porters generic competitive strategies are two: first, failing to attain or sustain the strategy; second, for the value of the strategic advantage provided by the strategy to erode with industry evolution. More narrowly, the three strategies are predicated on erecting differing kinds of defenses against the competitive forces, and not surprisingly they involve differing types of risks. It is important to make these risks explicit in order to improve the firm’s choice among the three alternatives. Risks of Overall Cost Leadership Strategy Cost leadership imposes severe burdens on the firm to keep up its position, which means reinvesting in modern equipment, ruthlessly scrapping obsolete assets, avoiding product line proliferation and being alert for technological improvements. Cost declines with cumulative volume are by no means automatic, nor is reaping all available economies of scale achievable without significant attention. Cost leadership strategy is vulnerable to the Continue reading

Abey Francis

Facilities Planning – Meaning and Importance

One of the major strategy decisions that must be made by any organization is where to locate its producing and storage facilities. For manufacturers, the problem is broadly categorized into factory location and warehouse location; within this categorization, we may be interested in locating the firm’s first factory or warehouse or locating a new factory or warehouse relative to the locations of existing facilities. The general objective in choosing a location is to select that site or combination of sites that minimizes two classes or costs — regional and distribution or sites that minimizes two classes or costs — regional and distribution costs. Regional costs are those associated with a given locate and include land, construction, manpower, and state and local expenses and regulations. Distribution costs are those directly related to the shipping of supplies and products to customers and other branches of the distribution network. Since the location of Continue reading

Abey Francis

Process of Salary and Wage Fixation

Steps involved in determining wage and salary rates are as follows : 1. Job Analysis: A job analysis describes the duties, responsibilities, working conditions and interrelationships between the job as it is and the other jobs with which it is associated. Job descriptions are crucial in designing pay systems, for they help to identify important job characteristics. They also help determine, define and weigh compensate factors (factors for which an organization is willing to pay-skill, experience, effort and working environment). After determining the job specifications, the actual process of grading, rating or evaluating the job occurs. A job is rated in order to determine its value in relation to all the other jobs in the organization which are subject to evaluation. The next step is that of providing the job with a price. This involves converting the relative job values into specific monetary values or translating the job classes into Continue reading

Abey Francis