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

Modern Principles of Taxation

The analysis of classical theories allows the formulation of principles that represent the qualities and tendencies of the modern taxation system. The modern principles of taxation are: The rational combination of direct and indirect taxes, which implies the utilization of various types of taxes, taking into consideration both the wealth and the income of the taxpayer. In periods of economic crisis it is better to have many sources of budget revenue with a relatively low rate and a large taxation basis then to have 1-2 types of income with high deduction rates. The universalization of taxation which implies equivalent efficiency requirements to all payers and an equivalent approach to the deduction of the tax amount irrespective of the income source, type of activity, or economic sector. It is not acceptable to introduce additional taxes, increased and differentiated rates, or tax allowances for different types of ownership, organizational or juridical structure Continue reading

Abey Francis

Data Mining and Privacy Concerns

In data mining, the privacy and legal issues that may result are the main keys to the growing conflicts. The ways in which data mining can be used is raising questions regarding privacy. Every year the government and corporate entities gather enormous amounts of information about customers, storing it in data warehouses. Part of the concern is that once data is collected and stored in a data warehouse, who will have access to this information? Oftentimes a consumer may not be aware that the information collected about him/her is not just shared with who collected the information. With the technologies that are available today, data mining can be used to extract data from the data warehouses, finding different information and relationships about customers and making connections based on this extraction, which might put customer’s information and privacy at risk. Data mining necessitates data arrangements that can cover consumer’s information, which Continue reading

Abey Francis

Components of an RFID System

Radio frequency Identification (RFID) as the name implies uses radio frequency to exchange data between two entities for identification purpose. It is a wireless technology to collect information without any human interventions. An RFID system is basically an integrated combination of various components which work together for detection and identification of objects or persons. These are the components which are primarily responsible for working of any RFID system whether basic or complex. Although there can always be additional components associated with RFID systems like sensors etc. but the following are amongst the key components of these systems: A tag (sometimes called a transponder), which is composed of a semiconductor chip, an antenna, and sometimes a battery. An interrogator (sometimes called a reader or a read/write device), which is composed of an antenna, an RF electronics module, and a control electronics module. A controller (sometimes called a host), which most often Continue reading

Abey Francis

Paradox of Globalization vs. Localization

In today’s continuously changing world, globalization is what every business, organization, and nation should seek and welcome as a positive change. However, many people are unaware of the main focus and meaning of globalization, especially in comparison to localization. A large number of people believe that globalization is just another common word used to refer to changes and differences that cannot be explained. Therefore, many different activities or changes are improperly labelled to be a part of or caused by globalization. Localization is the process of adapting a product or service to a particular language, culture, and desired local preferences. Ideally, a product or service is developed so that localization is relatively easy to achieve – for example, by creating technical illustrations for manuals in which the text can easily be changed to another language. The process of first enabling a product to be localized and then localizing it for Continue reading

Abey Francis

Grand Strategy Matrix

The Grand Strategy Matrix has become a popular tool for formulating feasible strategies, along with the SWOT Analysis, SPACE Matrix, BCG Matrix, and IE Matrix. Grand strategy matrix is the instrument for creating alternative and different strategies for the  organization.  All companies and divisions can be positioned in one of the Grand Strategy Matrix’s four strategy quadrants. The Grand Strategy Matrix is based on two dimensions: competitive position and market growth. Data needed for positioning SBUs in the matrix is derived from the portfolio analysis. This matrix offers feasible strategies for a company to consider which are listed in sequential order of attractiveness in each quadrant of the matrix. Quadrant I (Strong Competitive  Position  and Rapid Market Growth) –  Firms located in Quadrant I of the Grand Strategy Matrix are in an excellent strategic position.  The first quadrant refers to the firms or divisions with strong competitive base and operating Continue reading

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International Trade Theories – Absolute, Comparative and Competitive Advantage

Absolute advantage theory was first presented by Adam Smith in his book “The Wealth of Nations” in 1776. Smith provided the first concept of a nation’s wealth. Adam Smith is a grandfather of economics because he introduced two important concepts that many of the new trade theories are based on these two main concepts, which are specialization and free exchange. However, many arguments were made and many economists thought there was a problem with the theory of absolute advantage after David Ricardo published the theory of “comparative cost” (aka “comparative advantage”) in the early 19th century. Even though Smith and his followers introduced many important points for the thoughts of economic, it is too complicated with this simple version of trade theory in today’s global economy. In 1990, Michael Porter introduced the diamond model of new competitiveness theory. These three trade theories are important in order to make a country Continue reading

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