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

Stages of Group Development

A group can be defined as two or more interacting and interdependent individuals who come together to achieve specific goals. Although a groups often have goals, but there’s not state that group members must share a goal or motivation. Many people used the word team and group interchangeably, but there are actually many differences between the word team and group. It is much easier to form a group than a team. In group, they could be grouped according to gender, experience, age or other common factors. Although the effectiveness of the group may be variable, but forming a group just based on a certain commonality is not particularly difficult. A group’s strength may come from sheer volume or willingness to carry out a single leader’s commands. On the other hand, a team can be more difficult to form. The members will selected for their complementary skills, not a single commonality. Continue reading

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What is Electronic Records Management (ERM)?

ISO standard 15489: 2001 defines Records Management (RM) as the field of management responsible for the efficient and systematic control of the creation, receipt, maintenance, use, and disposition of records, including the processes for capturing and maintaining evidence of and information about business activities and transactions in the form of records. Electronic Records Management (ERM) guarantees that your company has the records they need when they are needed. Records management is referred to a set of activities that are required for systematically controlling the distribution, use, creation, maintenance, and disposition of all recorded information that’s maintained as proof of business transactions and activities. Records management is mainly concerned with the evidence of a company’s activities. Applying records management usually occurs according to the value of the records, not their physical formats. The essential records managements are capable of assigning specific identifiers to individual records, providing safeguards against all unauthorized changes Continue reading

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Importance of Understanding Culture in International Business

As described by the famous author Edgar Schein, the culture in reference to the corporate world is the different corporation’s learning that is developed by different discoveries, invention and the development for handling the internal and the external issue effectively. These learning and development should be successful enough to be passed and taught to the coming and joining employees for handling such affairs in the future. He also remarked the famous quote, “the culture has a same meaning to the group what personality has to with individual”. Also it is well understood in the current era of global market that a successful multinational company has to have an in-depth knowledge of the environment and the different cultural background of the different countries and regions in which it is operating to have a considerable amount of success. For any of the successful MNC, it is very essential to understand the different Continue reading

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Components of an Information System

A system is a set of components (subsystems) that operate together to achieve certain objectives. The objectives of a system are realized in its outputs. An information system is a system that accepts data resources as input and processes them into information products as output. An information system depends on the resources of people (end users and IS specialists), hardware (machines and media), software (programs and procedures), data (data and knowledge basis), and networks (communications media and network support) to perform input, processing, output, storage, and control activities that convert data resources into information products. This information system model highlights the relationships among the components and activities of information systems. It provides a framework that emphasizes four major concepts that can be applied to all types of information systems: People, hardware, software, data, and networks are the five basic resources of information systems. People resources include end users and IS Continue reading

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8 Side Hustles You Can Start Today

Looking to make some extra money on the side? With some hustle and motivation, you can start several promising side hustles today with little investment or experience needed. Whether you want to tap into your creative talents or leverage skills you already have, here are eight ideas to start boosting your bank account now: 1. Do Online Freelance Work Websites like Upwork, Fiverr and PeoplePerHour connect freelancers to businesses or individuals needing help with graphic design, writing, data entry, virtual assistance and much more. Sign up for an account, build a profile showcasing your skills and experience, then start bidding on projects or creating gigs that clients can browse and purchase. This can be a flexible way to monetise your talents within just a few days. 2. Become an Online Tutor  If you have expertise in subjects like maths, languages, music or test prep, offer your teaching and coaching abilities Continue reading

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Operating Lease – Definition and How It Differs From a Finance Lease

The International Accounting Standards Committee defines an Operating Lease as “any lease other than a finance lease”. An Operating Lease has the following characteristics: The lease term is significantly less than the economic life of the equipment. The lessee enjoys the right to terminate the lease at short notice without any significant penalty. The lessor usually provides the operating know-how, suppliers, the related services and undertakes the responsibility of insuring and maintaining the equipment in which case an operating lease is called a ‘wet lease’. An operating lease where the lessee bears the costs of insuring and maintaining the leased equipment is called a ‘dry lease’. From the features of an operating lease, it is evident that this form of a lease does not shift the equipment-related business and technological risks from the lessor to the lessee. The lessor structuring an operating lease transaction has to depend upon multiple leases Continue reading

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