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

Concept of Agile Manufacturing

The Agile Manufacturing was presented in the first time at the publication in the USA of a report entitled 21st Century Manufacturing Enterprise Strategy. So, it has been introduced as a method of increasing competitive advantage in response to increasingly competitive global markets. Agile concept focuses on the fast response to changeable of customer demand. The key component in agile manufacturing is flexibility. The agile manufacturing methods can be adjusted and consolidated into companies of any size to ensure the growth and success. The changeable of customer and technological requirements that make the manufacturers develop agile supply chain capabilities in order to be competitive. So, many companies use the flexibility and agility to respond the customers’ requirement and markets demand in real time. The new concept of agility manufacturing need to secure competitive advantage from the production process that can be both efficient and responsive. Agility can be defined as Continue reading

Abey Francis

Case Study of Burger King: Achieving Competitive Advantage through Quality Management

Burger King Corporation (BKC) is the world’s second largest fast-food hamburger chain which trailing only McDonald’s. Over 11 million customers visit their restaurants worldwide each day and over 2.4 billion of its burgers are sold each year across the global. How do they able to achieve it? What are the reasons? Apart from their strategies, the main cause that leads to have these results today is their quality. By having a good quality, it will bring the company to have a good reputation. This is important because it can affect the entire organization from suppliers to customers, by incurring the lower cost and obtain higher profit. Therefore, through managing and improving the quality, the firm will be able to build and implement successful strategies as well as provide competitive advantages. In order to achieve competitive advantages in the fast-food industry, Burger King Corporation had put many efforts in their strategies Continue reading

Abey Francis

Getting Your Degree in Business Management

If you’ve always been a take-charge type of person, working in management might be right for you. Leaders in the field hold a variety of roles including human resource managers, CEOs, and market research analysts. But before you’re able to land one of these positions, you need the right skills and also know that this is the right career choice for you. Here’s what you need to know about getting a degree in Business Management. Paying for Your Degree Before we delve into the logistics of the degree, you first need to consider the cost. Tuition will vary depending on the school you choose, whether you already have transferable credits or whether you’re attending college for the first time. If you aren’t applying for scholarships, you could cover the cost with a student loan. These types of loans can be tailored to your specific financial needs. You can use it Continue reading

Abey Francis

Increase in Power of Organised Retail

The bargaining power of organized retail translates directly into higher gross margins for the retailers. At present there are a large number of independent retailers with little bargaining power vis-à-vis manufacturers, distributors and wholesalers. The manufacturers have been promoting their brands and generating consumer demand for branded products. This makes it necessary for all varieties of stores especially in urban areas to stock branded products. The manufacturers take advantage of the consumer pull to limit margins to the retailers. The retailers manage their profitability by operating on a very low cost basis. This is possible because of low rental expenses due to historical reasons and low labor costs due to employment of family members in the store. The modern stores have somewhat higher gross margins, but their net margins are not very significant for providing the cash flow required to fuel rapid growth in outlets. The retailers can increase their Continue reading

Abey Francis

Information System (IS) Applications in Human Resource Management (HRM)

A unified data model provides a single, accurate view of HR activities ranging from recruitment, employment, training, performance management, compensation management and real time management. Oracle human resource leverage workflow and internet-based processes optimize various HRM activities. The system maintains global HR data in case of Trans-national companies and total organizational human resource data in case of national companies in a single location for accurate and easy availability. The system of applications of Information Technology (IT) in HRM is referred to as Human Resource Module. HRIS merges some of HRM functions with the IT field, wherein the planning and programming of data processing systems have evolved into standardized routines and packages of Enterprise Resource Planning (ERP) software. ERP integrates the human resource module with finance, production, and sales and administration modules. Generally, traditional HRM functions are common to all organizations. They consist of tracking data regarding personal histories, family details, Continue reading

Abey Francis

Welfare Economics

“The greatest meliorator of the world is selfish, huckstering trade.” (R.W. Emerson, Work and Days) Welfare Economics is a normative branch of economics that is concerned with the way economic activity ought to be  arranged so as to maximize economic welfare. The hallmark of welfare  economics is that policies are assessed exclusively in terms of their effects on the well-being of  individuals. Accordingly, whatever is relevant to individuals well-being is relevant under  welfare economics, and whatever is unrelated to individuals well-being is excluded from  consideration under welfare economics. Economists often use the term utility to refer to the well-being of an individual, and,  when there is uncertainty about outcomes, economists use an ex ante measurement of well-being,  so-called expected  utility. Welfare economics employs value judgement s about  what ought to be produced, how production should be organized, the way income and wealth ought to  be distributed, both now and Continue reading

Abey Francis