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

Types of Finance Lease Agreements

A finance lease, also called a capital lease, is one which usually covers the full useful economic life of the assets or a period that is close to the economic life. The lessor receives lease rentals during the lease period so as to recover fully not only the cost of the assets but also a reasonable return on the funds used to buy the assets. The finance lease is usually a non-cancellable and the lessee provides for the maintenance of the assets. The lease payment under financial lease is a payment for the use of the assets only and the responsibility for the repair and maintenance of the assets generally lies with the lessee. Since the term of a finance lease is normally closely aligned with the economic life of the assets, the lessee’s position is quite similar that of an owner; and the cost of maintaining is in its Continue reading

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Case Study of PanAmSat: Recovering from a Satellite Failure

A Galaxy 4 satellite operated by PanAmSat, a subsidiary of Hughes Electronics, tilted away from the earth at 6:13 P.M. on May 19, 1998 and began to spin because of a computer failure and the subsequent failure of a backup computer. This unexpected problem disabled 80% to 90% of the pager services in the U.S. along with a number of credit card authorization  networks, television transmissions, and other networked services. PanAmSat’s effects to realign the satellite failed, but it was able to restore service within a day by rerouting the traffic the satellite normally handled. Of the 17 satellites PanAmSat had in orbit at the time, one was a spare. The recovery plan included rerouting signals for paging, retail-store services, and other services though its Galaxy 3R satellite and rerouting television signals through its Galaxy 4 had occupied since its launch in 1993. Computer failure had transformed the Galaxy 4 Continue reading

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Elements of a System

The word System is derived from Greek word Systema, which means an organized relationship between any set of components to achieve some common cause or objective. A system is an orderly grouping of interdependent components linked together according to a plan to achieve a specific goal. Systems are often complex, with many parts working together to achieve the common goal. In order to understand how a system works, it is often necessary to study its individual components and how they interact. Elements of a System The important elements of a system are; Output and Inputs Processor(s) Control Feedback Environment Boundaries and Interface 1. Outputs and Inputs A major objective of a system is to produce an output that has value to its user. Whatever the nature of the output, it must be within the line with the explanations of the intended user. Inputs are the elements that enter the system Continue reading

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How to Protect Your Personal Info from Being Sold on Dark Web?

Personal information has become one of the most valuable online commodities in today’s digital age. As shown by ExpressVPN, cybercriminals constantly seek ways to access personal data and sell it on the dark web to the highest bidder. The consequences of having your personal information sold on the dark web can be devastating, including identity theft, financial loss, and reputational damage. Why Does Your Information Need Protection from Dark Web? The dark web is a hidden portion of the internet that requires specialized software, such as Tor, to access. It is known for being a hub of illegal activities, including the sale of stolen personal information. Protecting oneself from the dark web’s threats is crucial in today’s digital age. First and foremost, securing personal information by using strong passwords and enabling two-factor authentication is essential. Additionally, sensitive information should never be shared via email or unsecured messaging platforms. It is Continue reading

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Demand and Supply for Foreign Exchange

The foreign exchange rate is determined in the free foreign exchange  markets by the forces of ‘demand and supply for foreign exchange’. To make  the demand and supply functions to foreign exchange, like the conventional  market demand and supply functions, we define the rate of exchange as the price  of one unit of the foreign currency expressed in terms of the units of the home  currency. The Demand for Foreign Exchange Generally, the demand for foreign currency arises from the traders who  have to make payments for imported goods. If a person wants to invest his  capital in foreign countries, he requires the currency of that country. The  functional relationship between the quantity of foreign exchange demanded and  the rate of foreign exchange is expressed in the demand schedule for foreign  exchange (which shows the different rates of foreign exchange). It is  understood from the demand schedule that the relationship, Continue reading

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International Transaction Settlements

Foreign exchange market plays the part of a clearing house, while, similarly, banks (authorized dealers in foreign exchange) act as clearing agents for international debts. The authorized dealers buy rights to wealth from those who have them to dispose of and sell rights to wealth who wish to acquire them. In practice, it is very much usual that when the exporter parts with his goods, either he wants money immediately or wants to be sure that it will be paid at the pre-determined date without any contestation. The importer, on the other hand, does not want to pay the goods until arrival of the carrying vessel. This two-faced problem in all cases is solved where both parties are favorable known to their own bankers. Depending upon the terms of agreement, the exporter can draw on his counterpart, the importer, or on the importer’s banks (or even on any third party) Continue reading

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