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 are the Different Types of Employee Contracts?

A contract of employment is essentially an agreement between the employer and the employee. It should have the purpose of outlining the specific terms and conditions of employment.  This can be either verbal or in writing and it can be regarded as forming the basis of the employment relationship between employer and employee. The implications of different types of employment contracts can mean that there are different outcomes or considerations for the employer, depending on the type of contract. A full-time contract involves a set amount of working hours and terms and conditions including the minimum hours set by the employer, which is normally 35 hours or more a week. A full-time contract is also usually covered by employment laws and implies a permanent employment type. A full-time contract can also be beneficial for staff retention and be more attractive to loyal and committed employees. It is also more difficult Continue reading

Abey Francis

Fixed Exchange Rates, 1945-1973

Fixed Exchange Rates, 1945-1973 The currency arrangement negotiated at Bretton Woods and monitored by the IMF worked fairly well during the post-World War II period of reconstruction and rapid growth in world trade. However, widely diverging national monetary and fiscal policies, differential rates of inflation, and various unexpected external shocks eventually resulted in the system‘s demise. The U.S. dollar was the main reserve currency held by central banks and was the key to the web of exchange rate values. Unfortunately, the United States ran persistent and growing deficits on its balance of payments. A heavy capital outflow of dollars was required to finance these deficits and to meet the growing demand for dollars from investors and businesses. Eventually, the heavy overhang of dollars held abroad resulted in a lack of confidence in the ability of the United States to meet its commitment to convert dollars to gold. On August 15, Continue reading

Abey Francis

Analyzing Toyota’s Recipe for Success – The Toyota Way

The fundamental reason for Toyota’s success in the global marketplace lies in the so called “Toyota way”. The Toyota Way is not only about technology and efficiency, it is about doing the right thing for the company, its employees, the customer and the society as a whole. In other words, the incredible success of the Toyota way is a direct result of operational excellence. Toyota has turned operational excellence into a strategic weapon. This operational excellence is only in part based on tools and quality improvement methods made famous by Toyota in the manufacturing world, such as JIT, Kaizen, and one-piece-flow. Although such techniques helped spawn the “lean manufacturing” revolution, tools and techniques are no secret weapon for transforming a business. Toyota’s continued success at implementing this tools stems from a deeper business philosophy based on its understanding of people and human motivation. Its success is ultimately based on its Continue reading

Abey Francis

International Money Market

A money market is a market for instruments and a means of lending (or investing) and  borrowing funds for relatively short periods, typically regards as from one day to one year.  Such means and instruments include short term bank loans. Treasury bills, bank certificates  of deposit, commercial paper, banker’s acceptances and repurchase agreements and other  short term asset backed claims. As a key elements of the financial system of a country, the money market plays a  crucial economic role that if reconciling the cash needs of so called deficit units (such as  farmers needing to borrow in anticipation of their later harvest revenues), with the investment  needs of surplus units (such as insurance companies wanting to invest cash productively prior  to making long term investment choices). Holding or borrowing liquid claims is more  productive than holding cash balances. A smoothly functioning money market can perform  these functions very efficiently if Continue reading

Abey Francis

Regulatory Documents used in Export/Import Documentation

Regulatory documents are otherwise called as Official documents, because most of these documents are required for compliance of regulations of either the exporter’s country or the importer’s country. 1. Export Declaration Forms As per Indian Exchange Control Regulations, details of all goods (except certain exempted categories) by whatever means exported from India, are required to be declared on certain specified forms. These forms are known as Export Declaration Forms. These forms are evolved by the Reserve Bank of India to ensure that the value of all the goods exported from India is declared and the foreign exchange due there is repatriated to India. In export trade, the goods leave under the supervision of one agency (Customs/Post Office) and proceeds thereof are received through another agency (banks, etc.) These export declaration forms are so designed that they can have an effective check over the cycle of movement of goods out of Continue reading

Abey Francis

Financial Statement Analysis

Financial performance, as a part of financial management, is the main indicator of the success or failure of the companies. Financial performance analysis can be considered as the heart of the financial decisions. Rational evaluation of the performance of the companies is essential to prepare sound financial policies and to attract potential investors. Shareholders are interested in EPS, dividend, net worth and market value per share. Management is interested in all aspects of financial performance to adopt a good financial management system and for the internal control of the company. The creditors are primarily interested in the liquidity of the company. Government is interested from the regulatory point of view. Besides, other stakeholders such as economists, trade associations, competitors, etc are also interested in the financial performance of the company. Therefore, all the stakeholders are interested in the performance of the companies but their perspective may be different. Financial statement Continue reading

Abey Francis