Participative Management – Workers Participation in Management

Human Resource Management

Case Study on Entrepreneurship: Larry Page

Business Analysis

The Boundaryless Career: Modern Contemperory Perspective on Career

Human Resource Management

How to Meet Costa Rica’s 2026 VASP Requirements Without Expanding Headcount

General Business Articles

Concepts of Throughput Accounting and Theory of Constraints

Financial Management

Top Performance Appraisal Methods Followed by Companies

Performance Appraisal can be described as a formal process of assessment and evaluation of the employees on an individual as well as group level. The word “formal” is crucial, as it is important that the managers or supervisors review the worker or individual on a periodic basis. Even though, PA is only an element of performance management, it is very crucial for the success of performance management as it directly relates to the strategic plan set by the organisation. Managers may choose from among a number of performance appraisal methods. The type of performance appraisal system used depends on its purpose. If the major emphasis is on selecting people for promotion, training, and merit pay increases, a traditional method of performance appraisal, such as rating scales, may be appropriate. Collaborative methods, including input from the employees themselves, may prove to be more suitable for developing employees. 1. 360-Degree Feedback Evaluation Continue reading

Abey Francis

Types of Selling Rates in Foreign Exchange Markets

When a bank sells foreign exchange it receives Indian rupees from the customer and parts with foreign currency. The sale is affected by issuing a payment instrument on the correspondent bank with which it maintains the nostro account. immediately on sale, the bank buys the requisite foreign exchange from the market and gets its nostro account credited with the amount so that when the payment instrument issued buy its is presented to the corresponded bank it can be honoured by debit to the nostro account. However, depending upon the work involved, viz., whether the sale involves handling of documents by the bank or not, two types of selling rates are quoted in India, they are 1. TT Selling Rate (TT stands for Telegraphic Transfer) This is the rate to be used for all transactions that do not involve handling of documents by the bank. Transactions for which this rate is Continue reading

Abey Francis

Interest Rate Risk in Banking

The management of interest rate risk should be one of the critical components of market risk management in banks. The regulatory restrictions in the past had greatly reduced many of the risks in the banking system. Deregulation of interest rates has, however, exposed them to the adverse impacts of interest rate risk. Interest rate risk in banking is the potential negative impact on the Net interest income and it refers to the vulnerability of an institutions financial condition to the movement in interest rates. Changes in interest rate affect earnings, value of assets, liability, off-balance sheet items and cash flow. Hence, the objective of interest rate risk management is to maintain earnings, improve the capability, ability to absorb potential loss and to ensure the adequacy of the compensation received for the risk taken and effect risk return trade-off. Management of interest rate risk aims at capturing the risks arising from Continue reading

Abey Francis

Unplanned Organizational Change

Not all the forces for organization change are the results of strategic planning. Indeed  organizations often are responsive to unplanned organizational changes — especially  those derived from the factors internal to the organization. Two such forces of unplanned organizational change  are  the changes in the demographic composition of the workforce and performance  gaps. Changing Employee Demographics : It is easy to see, even within our  own lifetimes, how the composition of the workforce has changed. The  percentage of women in the workforce is greater than ever before. More  and more women with professional qualifications are joining the  organization at the junior and the middle management levels. In addition  to these, the workforce is getting older. Many of the old retired  employees from government and public sector are joining the private  sector, thereby changing the employee demographics. With the opening  up of the economy and globalization, the workforce is also continually Continue reading

Abey Francis

Construction of Mathematical Decision Model

Mathematical model is an idealized representation expressed in mathematical symbols and expressions.  A mathematical model of a business problem might be in the form of a set of equations and related mathematical expressions that describe the essence of the problem.   An economic order quantity model is given by: EOQ = AO/C where A — annual requirement, O — ordering cost and C — carrying cost.   A linear programming model is given by objective function: Say Maximize Z = 10a + 12b, subject to 2a + b < = 60, 3a + 4b < = 120, a, b > = 0, where a and are units of products A and B, respectively to be produced to maximize total contribution given individual contribution of Rs.10 per unit of A and Rs.12 per unit of B, the resource constraints being that resource 1 and 2 are available respectively to the extent Continue reading

Abey Francis

Introduction of Market-Based Management

Market-Based Management is found on the principles that cause societies to become wealthy instead of mired in poverty. It sees the business as a small society with exceptional features requiring variation of the education drawn from society at large. Through this variation an organisation could build MBM structure and ever-evolving mental models. Market-Based Management is a holistic approach to organization that incorporates theory and practice and organizes businesses to deal effectively with the challenges of change and growth. It also draws on the training learned from the failures and successes of individuals to attain prosperity, peace and organisational progress. Thus, it involves the study of the history of economies, politics, societies, cultures, governments, businesses, conflicts, science, non-profits and technology. Market-Based Management is the exceptional management tactic developed and executed by Koch Industries, Inc. It is a company philosophy that is embedded in the science of human action and functional through Continue reading

Abey Francis