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

What is an Enterprise Database?

Data are the raw material from which information is produced. Therefore, it is not surprising that in today’s information-driven environment, data are a valuable asset that requires careful management. To access data’s monetary value, data that stored in company database are data about customers, suppliers, inventory, and operations and so on. Imagine that all the data in the database loss. What will happen if the situation like that happen? Data loss puts any company in a difficult position. The company might be unable to handle daily operation effectively; it might be faced with the loss of customers who require quick and efficient service, and it might lose the opportunity to gain new customers. Data are a valuable resource that can translate into information. If the information is accurate and timely, it is likely to trigger action that enhance the company’s competitive position and generate wealth. In effect, an organization is Continue reading

Abey Francis

Moral Hazards in Workplaces

In the economic literature nowadays, moral hazard is studied in various fields. There are two major categories of researches on moral hazard. One is originated from the early literature about insurance market; the other is about economic decision-making, such as finance, banking, accounting and management. In the recent financial crisis, moral hazard is more frequently discussed and blamed as one of the causes of the banking problem. What is Moral Hazard? Moral hazard is defined in various ways in different aspects. The earliest explanation is from the perspective of insurance sector. Marshall provided the definition as ‘any misallocation of resources which results when risks are insured with normal insurance contracts and only with such contracts’. Briefly, moral hazard as the risky behavior an insured individual may act because of the insurance cover. There are two kinds of moral hazard in insurance field. One of them is ex ante moral hazard, Continue reading

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Case Study on the Managerial and Leadership Philosophies: Triumvirate Leadership at Google

This case focuses on the managerial and leadership philosophies, policies and behaviors of the leadership triumvirate at Google. Sergey Brin and Larry Page, the founders of Google, along with Eric Schmidt, constitute the leadership triumvirate. Brin is president of technology and assumes responsibility for advertising initiatives. Page is president for products and is acknowledged as the company’s thought leader. Together, Brin and Page provide the engineering, technological, and product development leadership for Google. Eric Schmidt is Google’s chairman and chief executive officer, and he is charged with providing the organizational and operational expertise and leadership for the company. Triumvirate Leadership at Google In 1998, while they were doctoral students at Stanford University, Sergey Brin and Larry Page founded Google. In 2001, Brin and Page recruited Eric Schmidt to be Google’s chief executive officer. Schmidt was charged with providing the organizational and operational expertise and leadership for Google, while Brin and Continue reading

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Simple Random Sampling in Research

In probability sampling, each element of the population has a known non-zero chance of being selected for the sample. Among the probability sampling methods, simple random sampling is simplest as its name indicate and it underlies many of the more complex methods. In a simple random sample of a given size, all such subsets of the frame are given an equal probability. Each element of the frame thus has an equal probability of selection: the frame is not subdivided or partitioned. Furthermore, any given pair of elements has the same chance of selection as any other such pair (and similarly for triples, and so on). This minimises bias and simplifies analysis of results. In particular, the variance between individual results within the sample is a good indicator of variance in the overall population, which makes it relatively easy to estimate the accuracy of results. However, simple random sampling can be Continue reading

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Knowledge of Sub-Cultural Groups and Market Segmentation

The segmentation of the market involves the dividing of entire market into small customers groups who have different type of responses for different marketing strategies for particular service or product. In this way the organization can design the marketing policies according to the particular needs and requirements of each segment in order to have more profitability by more generating favorable responses than by simply applying a single marketing policy for whole market. The market segmentation is mostly done at the level of customers. But in case of international marketing sometimes markets are also segmented on the basis of whole countries by considering the aspects that are common among countries. This type of segmentation is not proved that much successful as countries have great variation in them and it is difficult to take meaningful averages. The most suitable basis that is used to segment the markets is customers and their unique Continue reading

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Managing Cultural Diversity in the Workplace

Cultural differences are usually created by race-ethnicity, gender, function, and tenure among the organization factors. Difference in culture may result to the rise of conflicts among team members. This usually results to disrupted communication within the organization and eventually negative outcomes. Therefore, it is the role of every organization and entire management to come up with various ways of managing and reducing negative effects of cultural differences. Management in various organizations should ensure that they are able to detect and avoid such cases from arising. Political backgrounds and experience are other major factors that contribute to cultural differences. Multicultural teams and differences in most occasions generate dilemmas in the organization management. Cultural differences usually create considerable obstacles to efficient teamwork. Recognizing various underlying cultural causes of conflicts is the main challenge in managing multicultural teams by organizations’ management. It is also a great challenge for management to get teams back Continue reading

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