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

Microfinance Through Self Help Groups (SHG)

Microfinance In India, the Task Force on Supportive Policy and Regulatory Framework for Microfinance has defined MF (Microfinance) as the “Provision of thrift, credit and other financial services and products of very small amounts to the poor in rural, semi-urban or urban areas for enabling them to raise their income levels and improve living standards”. Major characteristics of Microfinance are: Small amounts of saving and credit Collateral free credit through collateral substitute like peer pressure Group formation to create peer pressure and bring discipline Easy access Less and simplified procedures and documentations Credit for both investment and consumption needs Poor are bankable Affordable interest rates Sustainability There are different methodologies for delivering microfinance like Grameen bank model of Prof. Yunus, SHG-Bank linkage model, Micro finance institutions (for profit and non profit),NBFC model, NGO model etc. In India SHG-Bank linkage model is the most popular model. Self Help Groups (SHG) Model Continue reading

Abey Francis

Internet of Medical Things (IoMT) – Meaning, Strengths, and Weaknesses

With the accelerated pace of life, people don’t want to spend more time on hospital registration, procedure, and other trivial things. Internet of medical things can help it by applying internet in medical staff, like the patient can make an appointment online, the personal information and the very first disease description can be sent to hospital information system and assigned to a doctor, which decreases time on waiting and personal information registration. For people living somewhere far away from medical resources, remote medical treatment may be a good choice to let the man away from distant puzzles. Even inside the hospital, the internet can be useful by sending physical checking messages from doctor to specialist for a traffic injured patient. Internet of medical things can be really helpful in our life, and we do need it. Information technology is the basement of internet development, and internet application also accelerates the Continue reading

Abey Francis

Importance of Logistics in Business

The importance of logistics systems lies in the fact that it leads to ultimate consummation of the sales contract. The buyer is not interested in the promises of the seller that he can supply goods at competitive price but that he actually does so. Delivery according to the contract is essential to fulfilling the commercial and legal requirements. In the event of failure to comply with the stipulated supply of period, the seller may not only get his sale amount back, but may also be legally penalized, if the sales contract so specifies. There is no doubt that better delivery schedule is a good promotional strategy when buyers are reluctant to invest in warehousing and keeping higher level of inventories. Similarly, better and/or timely delivery helps in getting repeat orders through creation of goodwill for the supplier. Thus, as effective logistics system contributes immensely to the achievements of the business Continue reading

Abey Francis

The Effects of Globalization on Multinational Corporations

Globalization is the competition in an international market. The growth rate of developing nations and their acquisitions of previously first-world owned corporations indicates that the developed world no longer has the upper hand economic growth in the west has been miniscule in comparison. Success in this new global market requires the ability to accommodate the different needs of diverse consumer groups. Companies can achieve this through product and process innovations and maximize profits. Entrepreneurship is also increasingly recognized and as an alternative course to fortune as opposed to trading rare commodities. Companies from emergent economies are following the lead of their developed counterparts, issuing stocks and encouraging investment. This encouraged growth and share appreciation, surpassing past expectations. Some emerging companies’ growth has even outpaced well-known multi-national companies (MNCs) from the developed world-competing, acquiring and exploiting the endeavors and experiences of first-world MNCs. Similarly, developed nations are tapping into emerging economies, Continue reading

Abey Francis

The Benefits of a Single Currency System – Euro

The euro is the result of the most significant monetary reform in Europe since the Roman  Empire. Although the euro can be seen simply as a mechanism for perfecting the Single  European Market, facilitating free trade among the members of the Euro-zone, it is also  regarded by its founders as a key part of the project of European political integration. The euro is administered by the European System of Central Banks (ESCB), composed of the  European Central Bank (ECB) and the Euro-zone central banks operating in member states.  The ECB (headquartered in Frankfurt am Main, Germany) has sole authority to set monetary  policy; the other members of the ESCB participate in the printing, minting and distribution of  notes and coins, and the operation of the Euro-zone payment system. The introduction of a single currency for many separate countries presents a number of  advantages and disadvantages for the participating nations. 1. Continue reading

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Centralized Cash Management Operations of Multinational Corporations

International money managers attempt to attain on a worldwide basis the traditional  domestic objectives of cash management: (1) bringing the company’s cash resources  within control as quickly and efficiently as possible and (2) achieving the optimum  conservation and utilization of these funds. Accomplishing the first goal requires establishing accurate, timely forecasting and  reporting systems, improving cash collections and disbursements, and decreasing the  cost of moving funds among affiliates. The second objective is achieved by  minimizing the required level of cash balances, making money available when and  where it is needed, and increasing the risk-adjusted return on those funds that can be  invested. Restrictions and typical currency controls imposed by governments inhibit  cash movements across national boundaries. These restrictions are different from one  country to other. Managers require lot of foresight, planning, and anticipation. Other  complicating factors in international money management include multiple tax  jurisdictions, multiple currencies, and relative absence of Continue reading

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