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

The Effects of Financial Liberalization

Financial Liberalization refers to deregulation of domestic financial market and liberalization of the capital account that implies removing the ceiling on interest rates. When it is in a liberalized system the competition between the different lending institutions for the deposits will increase interest rates on deposits which will increase the deposits. The availability of credit will increase and this will cause an increase in investment growth. The stages of growth increases activity in the financial markets that makes the introduction and the development of financial institutions. It is argued that financial institutions, by gathering and evaluating information from borrowers, allow the allocation of funds for investment plans to become more efficient and therefore encourage growth and investment. Banks have a role in the process of development. These banks gives the chance for individuals to hold their savings in the form of deposits, so lowing the need to hold them in Continue reading

Abey Francis

Characteristics of an Effective Strategic Control System

Recommended reading: Strategic Control and Operational Control Effective strategic control systems tend to have certain qualities in common.   These characteristics/qualities can be stated thus: Suitable: The control system must be suitable to the needs of an organization.   It must conform to the nature and needs of the job and the area to be controlled.   For example, the control system used in production department will be different from that used in sales department. Simple: The control system should be easy to understand and operate.   A complicated control system will cause unnecessary mistakes, confusion and frustration among employees.   When the control system is understood properly, employees can interpret the same in a right way and ensure its implementation. Selective: To be useful, the control system must focus attention on key, strategic and important factors which are critical to performance.   Insignificant deviations need not be looked into. Continue reading

Abey Francis

Crossing of Cheques

Crossing means drawing two parallel transverse lines across the face of the cheque  with or without the words “and company” in between the lines. It is a direction to the  drawee bank not to pay the amount at the counter, but only through a bank. It is made to  guard payment against forgery by unscrupulous persons. Crossing of cheques is of two kinds: (1) General Crossing and (2) Special Crossing. 1. General Crossing Sec. 123 of the Negotiable Instruments Act defines General Crossing as, “where a  cheque bears across its face an addition of the words ‘And Company’ or any  abbreviation thereof, between two parallel transverse lines or of two parallel transverse  lines simply, either with or without the words ‘not negotiable’, that addition shall be  deemed to be a crossing and the cheque shall be deemed to be crossed generally”.  Two parallel transverse lines across the face of the Continue reading

Abey Francis

Importance of Accurate Financial Statements

The role of financial accounting is not to show the value of a company, but rather it provides enough information for others outside the company to determine the value of the company for themselves. Financial Statements are annual statements summarizing a company’s activity over the last year. They consist of the profit and loss account, balance sheet, statement of total recognized gains and losses and, if required, the cash flow statement together with supporting notes. Proper financial statements are crucial for a company’s success. Bad financial management can quickly lead to a company’s downfall. Income statements, also known as P&L’s or profit and losses are a basic account of the company’s profits, expenses and sales. These reports will give insight into the finances of a company in the immediate and distant future. Balance sheets are the assets, liabilities and the equity of a company. This sheet is simply the statement Continue reading

Abey Francis

The BCG Growth Share Matrix

In the late 1960s a consultant for the Boston Consulting Group presented his ideas about cash deficient and growth deficient businesses and the need for a balance between cash generators and cash users. After that  the Boston Consulting Group developed a portfolio business model based on this thinking. The model, the BCG matrix or growth share matrix, was based on the Boston Consulting Group’s knowledge and work in the area of the experience curve and of the product life cycle and how they relate to cash generation and cash requirements. The growth share matrix was intended to analyze a portfolio from a corporate perspective because it is only at that level that cash balance is meaningful. A business may, however, be segmented further using this diagnostic tool to understand the positions of its various product lines or market segments. This portfolio can therefore be made up of products in a Continue reading

Abey Francis

Minimizing Resistance to Organizational Change

Resistance to change be those affected is often the single most formidable obstacle to its successful realization. It is to be understood at the outset that resistance to change is not, the fundamental problem to be solved. Rather, any resistance is usually a symptom of more basic problems underlying the particular situation. To focus the attention of symptom alone will achieve at best only limited results. The effective solution is that one must look beyond the symptom that is resistance to its more basic causes. It is quite appropriate and practicable for a manager to focus on situational and environmental factors that cause resistance. Many of these are directly within management’s control. Probably, efforts to minimize any resistance should be undertaken while it is still potential rather than real. There are different methods that the managers can use to  minimizing resistance to organizational change. Fundamentally, there are only two strategic Continue reading

Abey Francis