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

Actions Taken by RBI and Ministry of Finance to Tackle Economic Problems

As most of economists feel that the most horrible economic problem which India is facing currently is inflation. To come out of these problems RBI and ministry of finance and other relevant government and regulatory entities are taking various initiatives which are as follows; RBI MONITORY POLICY With the introduction of the Five year plans, the need for appropriate adjustment in monetary and fiscal policies to suit the pace and pattern of planned development became imperative. The monitory policy since 1952 emphasized the twin aims of the economic policy of the government: Spread up economic development in the country to raise national income and standard of living, and To control and reduce inflationary pressure in the economy. This policy of RBI since the First plan period was termed broadly as one of controlled expansion, i.e.; a policy of “adequate financing of economic growth and at the same time the time Continue reading

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Roles and Responsibilities of Team Members

Teams are usually selected or authorized by the quality council. A team will consist of a team leader, facilitator, recorder, time keeper and members. All team members have clearly defined roles and responsibilities. The team leader, who is selected by the quality council, sponsor or the team itself, has following roles. Ensure the smooth and effective operation of the team, handling and assigning record keeping, orchestrating activities, and how overseeing preparation of reports and presentation. Facilitate the team process, ensures that all members participate during the meetings, prevents other members from dominating, actively participates when appropriate, guides without domineering, and uses positive interpersonal behavior. Serves as a contact point between the team and the sponsor or quality council. Orchestrates the implementation of the changes recommended by the team within organizational constrains and team boundaries. Monitor the statues and accomplishments of members, assuring timely completion of assignments. Prepare the meeting agenda, Continue reading

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Retail: Meaning and Definition

The distribution of consumer products begins with the producer and ends at the ultimate consumer. Between the producer and the consumer there is a middleman—the retailer, who links the producers and the ultimate consumers. Retailing is defined as a conclusive set of activities or steps used to sell a product or a service to consumers for their personal or family use. It is responsible for matching individual demands of the consumer with supplies of all the manufacturers. The word ‘retail’ is derived from the French work retailer, meaning ‘to cut a piece off’ or ‘to break bulk’. A retailer is a person, agent, agency, company, or organization which is instrumental in reaching the goods, merchandise, or services to the ultimate consumer. Retailers perform specific activities such as anticipating customer’s wants, developing assortments of products, acquiring market information, and financing. A common assumption is that retailing involves only the sale of Continue reading

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Advantages of Fixed Exchange Rate System

A nation’s choice as to which currency regime to follow reflects national  priorities about all factors of the economy, including inflation, unemployment,  interest rate levels, trade balances, and economic growth. The choice between  fixed and flexible exchange rates may change over time as priorities change. Read More: Fixed Exchange  Rate System Flexible Exchange  Rate System At the risk of over-generalizing, the following points partly explain why  countries pursue certain exchange rate regimes. They are based on the premise  that, other things being equal, countries would prefer fixed exchanges rates. Fixed  exchange  rates provide stability in international prices for the conduct of  trade. Stable prices aid in the growth of international trade lessens risks  for all businesses. Fixed exchange rate system reduces the possibility of competitive  depreciation of currencies, as it happened during the 1930s. Also,  deviation from the fixed rates is easily adjustable. Fixed exchange rate provides  stability in the Continue reading

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Recent Developments in Corporate Governance

The Department of Company Affairs, in May 2000, invited a group of leading industrialists, professionals and academics to study and recommend measures to enhance corporate excellence in India.   The Study Group in turn set up a Task Force, which examined the subject of Corporate Excellence through sound corporate governance and submitted its report in Nov. 2000.   The task force in its recommendations identified two classifications namely essential and desirable with the former to be introduced immediately by legislation and the latter to be left to the discretion of companies and their shareholders.   Some of the recommendations of the task force include: Greater role and influence for nonexecutive independent directors Stringent punishment for executive directors for failing to comply with listing and other requirements Limitation on the nature and number of directorship of managing and whole-time directors Proper disclosure to the shareholders and investing community Interested shareholders to Continue reading

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Requirements of a Successful Industrial Relations Programme

Today’s professional industrial relations director, or by whatever title he is designated, no longer views his job as personalizing management, or that of a social worker in a factory, or a union buster, he looks upon his department as an adjunct to management supervision at all levels; he keeps other executives informed about new discoveries, programme trends and needs. At the same time, he provides efficient service in the operation of several centralized services. A successful industrial relations programme reflects the personnel viewpoint, which is influenced by three main considerations: Individual thinking Policy awareness and Expected group reaction Individualized thinking makes if imperative for the administrator to consider the entire situation in which the affected individual is placed. Policy awareness underscores the idea of the consistency of treatment and the precedent value of any decision which a management takes; while expected group reaction balances what we know of human nature Continue reading

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