We are going through a “startup revolution” in India, where every Arjun, Bheem & Nakul pampers an ambition to start his/their own company. So lets see how to get started with registration process to setup a company in India. There are 4 forms of legal entity available in India to register a business – 1) Proprietorship 2) General Partnership 3) Limited Liability Partnership(LLP) and 4) Private Limited. For any startup which wishes to get a funding/investor, the ideal form of registration is “private limited” because it has a solid structure and an organized share distribution system. All investors from Angel investors to Venture capitalists prefer “private limited” companies because of its transparent & legally valid share distribution structure. So in this article, lets see how to setup and register a private limited company in India.
There are 2 ways in which you can go forward with the registration process of your company. One by doing every step yourself without much external help (but you need the help of a Chartered Accountant or similar professionals to get your DIN, Digital Signature etc).…
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Forecasting is a collection of mostly statistical and/or judgmental procedures which aim at predicting the future based on the available information and/or data (These processes may include activities such as data collection, data pre-processing and preliminary data analysis, forecasting method selection, which also involves model selection, model fitting, and diagnostic checking, and control in a forecasting system in use). In such processes, forecasting has lots of potentials for strategic level managers including revealing system dynamics, problem determination, predicting, monitoring, and control.
Forecasting techniques are used by managers to plan future capacity to meet market demand and to procure the needed inputs to produce this demand at optimum costs. Forecasting models are used to predict future aspects of business operation.They include averages, moving averages, weighted moving averages, exponential smoothing, linear trend models, and simple and multiple regression models.
Forecasting as a Strategic Decision-Making Tool
Surviving in highly competitive markets and adapting to new states require both strategic thinking and utilizing all the available information about the future, as well as that about the present.…
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The complexity of transitional business conditions creates a need for creating value through aggregation of different businesses in complex corporate enterprise, which gives it the character of a multi-business firm. Businesses could be defined as being whatever the enterprise chooses to operate as organizationally separate profit-responsible units. Such business entities are often referred to as Strategic Business Units (SBUs) and they are organized as largely separable businesses with control over the main strategic levers that affect their performance. Besides this organizational definition, the businesses could be defined in economic sense relating to Strategic Business Opportunities (SBOs), which are clusters of product-market transactions able to sustain a successful focused business, with financial independence. Processes of merger, acquisition, divestment, and the other processes of transformation continually create new challenges to corporate management towards providing better performance of aggregated businesses than they would achieve if they were independent, stand-alone entities. It is corporate strategy that should guide key decisions in the businesses and coordinate their business strategies.…
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Decision making is the cognitive process leading to the selection of a course of action among alternatives. Business, managers seem to make decisions and afterwards look for ways to justify the decisions. Why business is conducted this way? What is the process for decision-making?. A numbers of decision making areas currently are receiving attention in global business. The way in which decision making is carried out will be influenced by a number of factors including the culture. In general the following sequences are used to make decisions.
1. Problem Recognition
Managers in master-of-destiny cultures tend to perceive most situations as problems to be solved, and they seek improvement through change. On the other hand, managers in fatalistic Societies tend to accept situations as they are, and they are, and they do not seek improvement or change; they believe that fate or God’s will intervene in decision making. The United States society is an example of the master-of-destiny culture.
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It is becoming quite apparent that businesses, big and small, need to understand how decision-making affects their entire operations. When making decisions, managers in organizations apply either a programmed or a non programmed decision-makings process. Both processes are affected by the culture of the society in which the decision is being made. For example, mangers in countries with relatively low tolerance for ambiguity, such as Japan and Germany, avoid non programmed decisions as making. Operating manuals in organizations in these cultures tend to be relatively thick. In contrast, mangers in countries with relatively high tolerance for ambiguity, such as the United States and Norway, seek responsibility for non-programmed decision making. The secrets of effective decision making lie in the balance between rational and intuitive thought. The following strategies provide a useful framework for making effective decision.
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- Determine the problem and identify the goals to be accomplished by your decision.
- Engage your intuition. Get in touch with your instant feeling on the situation and make note of it.
The gender bias toward women managers that exists in many countries creates hesitancy among U.S. multinational companies to offer women international assignments. Questions such as, Are there opportunities for women in international business? And should women represent U.S. firms abroad? Frequently arise as U.S. companies become more international. As women move up in domestic management ranks and seek career related international assignments, companies need to examine their positions on women managers in international business.
In many cultures-Asian, Arab, Latin American, and even some European women are not typically found in upper levels of management. Traditional roles in male-dominated societies often are translated into minimal business opportunities for women. This cultural bias raises questions about the effectiveness of women in establishing successful relationships with host country associates. An often-asked question is whether it is appropriate to send women to conduct business with foreign customers. To some it appears logical that if women are not accepted in managerial roles within their own cultures, a foreign woman will not be any more acceptable.…
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