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

Introduction to Decision Models

A decision model is an idealized representation of the problem.   Decision model refers to structured presentation of the problem, solution there to and stimulation of working of the solution.   The model’s purpose is to enable the decision analyst to forecast the effect of factors crucial to the solution of the problem. Types of Models There are different types of models.   Ionic and Symbolic models are the prime two types.   Ionic Models are concretized.   It is a physical representation of any real life object on a different scale. Think of a prototype of a plane/car/machine/globe/idol and so on. Symbolic models re abstract models. A cost curve, a supply curve, marginal revenue curve, a production possibility curve, etc., is a symbolic model. A forecast profit and lost account is also a symbolic model. The statement symbolizes summary of financial effects of commercial activities planned over the next Continue reading

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Span of Management Types

Span of management directly affects the number of levels in the organization. Span of management is of two types; Wider span of management and Narrow span of management.   Wider span of management leads to flat organization whereas narrow span of management result in tall organization structure. The principle of span of management does not by itself resolve the conflict between the advantages to tall organization and that of a flat one. Narrow spans lead to many levels in the organization and thus required a larger number of managers. This, in turn, leads to larger expenses in the form of executive remuneration. Expenses are further increased on account of additional clerical and office staff needed as a result of there being large number of managers. The process of control also gets complicated when there are narrow spans and too many levels in the organization structure. Another serious problem in having Continue reading

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Case Study of Dupont: Marketing of “Disappearing” Products

Imagine how tough it would be to be responsible for marketing a “disappearing” product. That’s the challenge faced by a group of marketers at DuPont, a company with a portfolio of brands that, for the most part, reach final consumers only as ingredients in finished products. Teflon non-stick coating, Lycra fibers, Freon refrigerant, Kevlar bullet-resistant fabric, Stainmaster carpet–these well-known DuPont products share the distinction of being used in the manufacture of products that ultimately bear some other company’s brand. Jamie Murray, the person in charge of managing what people think of the overall DuPont brand, doesn’t mind marketing products that can’t be found on store shelves or ordered from catalogs. “We are the youngest 200 year-old company you will ever meet. We are always out there searching for those needs that we can invent something to satisfy.” The company’s slogan, “better things for better living,” hints broadly at the variety Continue reading

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Role of Human Resources in Business Environment Improvement

In order to improve the overall business environment, the organisation structure should be resolving its business trends with its various competitors. The Human resource management which is one of the best and which provides the solutions to the consumers and deals with the various issues which are mostly due to the members in the organisation which are efficiently approached with the various activities involved. The most important and key issues which relates by making use of the human resources which constitute which are planning of the human resource, recruitment of the various staff required for the organisation, performance management, giving training and development, relation between the members of the organisation. The various activities which the human resource management deals with the members of the organisation are allocating the various rules and the policies and the various means of the utilization of the human resource development. The various needs and necessities Continue reading

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Case Study: Nestle’s Growth Strategy

Nestle is one of the oldest of all multinational businesses. The company was founded in Switzerland in 1866 by Heinrich Nestle, who established Nestle to distribute “milk food,” a type of infant food he had invented that was made from powdered milk, baked food, and sugar. From its very early days, the company looked to other countries for growth opportunities, establishing its first foreign offices in London in 1868. In 1905, the company merged with the Anglo-Swiss Condensed Milk, thereby broadening the company’s product line to include both condensed milk and infant formulas. Forced by Switzer ­land’s small size to look outside’ its borders for growth opportunities, Nestle established condensed milk and infant food processing plants in the United States and Britain in the late 19th century and in Australia, South America, Africa, and Asia in the first three decades of the 20th century. In 1929, Nestle moved into the Continue reading

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What is CounterTrade?

Countertrade constitutes an estimated 5 to 30 percent of total world trade. Countertrade greatly proliferated in the 1980s. Perhaps, the single most important contributing factor is  Least Developed Countries (LDC’s) decreasing ability to finance their import needs through bank loans. Countertrade, one of the oldest forms of trade, is a government mandate to pay for goods and services with something other than cash. It is a practice, which requires a seller as a condition of sale, to commit contractually to reciprocate and undertake certain business initiatives that compensate and benefit the buyer. In short, a goods-for-goods deal is countertrade. Unlike monetary trade, suppliers are required to take customers products for their use or for resale. In most cases, there are multiple deals that are separate yet related, and a contract links these separable transactions. Countertrade may involve several products, and such products may move at different points in time while Continue reading

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