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

Gantt Charts – Tool for Project Planning and Scheduling

Project Management

Kaizen – Understanding the Japanese Business Philosophy of Continuous Improvement

Operations Management

Principles of Working Capital Management

Working capital management is concerned with the problem that arises in attempting to manage the current assets, the current liabilities and the inter-relationship that exist between them. The goal of working capital management is to manage a firm’s current assets and current liabilities in such a way that a satisfactory level of working capital is maintained. The financial manager must keep in mind the following principles of working capital management: Principle of Optimization:The level of working capital must be so kept that the rate of return on investment is optimized. In other words, the working capital should be maintained at an optimum level. This is the point at which the increase in cost due to decline in working capital is equal to the increase in the gain associated with it. According to the principle of optimization, the magnitude of working capital should be such that each rupee invested adds to Continue reading

Abey Francis

Virtual Private Network (VPN) Tunneling Protocols

Virtual Private Network (VPN) create secure connections, called tunnels, through public shared communication infrastructures such as the Internet. These tunnels are not physical entities, but logical constructs, created using encryption, security standards, and protocols. The VPN tunneling protocols are set of standardized rules and policy that are employed on the transmitted data. There are various standard of protocol technologies used to create a VPN tunnel and each of these protocols is specially built with some unique security features. The most widely used  Virtual Private Network (VPN) Tunneling Protocols are discussed below. Internet Protocol Security (IPSec) The Internet Protocol Security (IPSec) has proposed in Internet Engineering Task Force (IETF) Request for Comment (RFC) database in RFC (2401), provides data packet integrity, confidentiality and authentication over IP networks. The IPSec policy consists of sets of rules that designate the traffic to be protected, the type of protection, such as authentication or confidentiality, Continue reading

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Accounts Payable – Meaning, Process, Advantages, and Disadvantages

Every business owner would like to have all sales on a cash basis, but that’s not always possible in a competitive marketplace. Sometimes, sellers need to offer sales on credit terms just to get customers to buy their products. Unfortunately, selling on delayed payment terms opens up an entirely new aspect of running a business: managing the extension of trade credit to customers. constitute a current or short term liability representing the buyer’s obligation to pay a certain amount on a date in the near future for value of goods or services received. They are short term deferments of cash payments that the buyer of goods and services is allowed by the seller. Payables is extended in connection with goods purchased for resale or for processing and resale, and hence excludes consumer credit provided to individuals for purchasing goods for ultimate use and installment credit provided for purchase of equipment Continue reading

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Liquidity and Profitability Trade-Off

Differences Between Liquidity and Profitability The liquidity is the ability of a firm to pay its short term obligation for the continuous operation. A firm is considered normally financially solid and low risky which has huge cash in its balance sheet. The liquidity is not only measured by the cash balance but also by all kind of assets which can be converted to cash within one year without losing their value. It has primary importance for the survival of a firm both in short term and long term whereas the profitability has secondary important. The profitability measures the economic success of the firm irrespective to cash flow in the firm. It is often observed that a firm is very profitable in its books but it does not have sufficient cash and cash equivalent to pay its daily bills and due obligations. That is an illustration of classical poor liquidity management. Continue reading

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Managing Environmental Uncertainties in Business

Recent years have had a distinctive progressive pace of development, and with such rates of creating innovations, environmental issues have been on the rise. Along with the rapid decrease in ecology quality, many regulations and policies for its preservation are created, which directly affect business enterprises. Therefore, an ability to quickly react to the uprising environmental issues and the potential to solve them with benefits for the company has become a driving factor in the success of corporations. Managers are one of the primary people in enterprises who become affected by environmental uncertainty, as they must be fast to respond to the issues, create new regulations and adjust to current events in no time. When talking about uncertainty, it is hard to collect sufficient information and plan strategies that are undoubtedly effective; therefore, managers face significant challenges while future planning is connected with environmental needs and changes. Each corporation chooses Continue reading

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Communication in Organizations – Meaning, Importance, and Types

Communication is the process of passing information from one person to another with the intention of creating a shared comprehension. Organizational communication on the other hand is the conveyance of information within an organizational setting. Communication is essential in every organization because it entails information that plays an important role in effective performance. Every organization has set a number of objectives in order to be competitive in the ever changing world. In order to achieve the set objectives and to gain comparative advantage, organizations should invest in proper communication procedures and channels. Importance of Organizational Communication Communication is one of the crucial components in every organization and its efficacy is the secret in realizing overall organizational success. Communication can only be considered efficient when the receiver of the information understands the subject and the meaning of the message conveyed. The function helps employees and management to interact with each other in Continue reading

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