Organizational Health – Concept, Dimensions, and Characteristics

Management Concepts

Organizational Health Approach – Building a Strong Workplace

Modern Management Concepts

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

Importance of Good Communication in Business

In the modern corporate world today, effective communication is vital in any type of businesses, because it builds a close interaction among each of the members from all the departments in an organization. It also can determine whether a business success or a business failure of the organization will be. Moreover, it does help the relationships to develop along good lines, and ensure that arguments and disagreements are kept to a minimum. For example, good communication skill is very important in partnership, so that the partners can avoid the problems of misunderstanding and petty quarrels. We can measure the importance of communication skills in business sector when we take a look at the job advertisement. Candidates with good communication skills seemed to be the single most repeated phrase in the job qualification requirement. And, the ability of good communication is also the most basic of job skills. There is almost Continue reading

Abey Francis

Decentralized Decision Making in Multinational Enterprises

Where does the decision making power in Multinational Enterprises (MNEs) rests? Is the decision power vested with the parent’s headquarters or with the subsidiary? Decisions made at the foreign-subsidiary level may be considered decentralized, while those made above the foreign-subsidiary level, that is the parent level, are considered centralized. The location of decision making power may vary within the same company over time as well as by product, function, and country. In addition, actual decision making is seldom as one-sided as it may appear. A manager who has decision-making authority may consult other managers before exercising that authority. Centralized decision making is a global strategy while decentralized decision making is a multi-domestic strategy. A combination of the two is called a transnational strategy. The reason for choosing one over the other is partly a function of companies’ attitudes. For example, an ethnocentric attitude would influence a company to develop competencies, Continue reading

Abey Francis

Capital Supply and International Financial Markets

Capital flows have  traditionally focused on the ‘demand side’ of emerging market financing by  examining current account balances, which are equal to the net external  financing needs of countries, and then seeking to identify ways in which these  financing needs could be met and on what terms. However, this approach  ignores trends in capital flows into and out of the major advanced economies,  which are the source of most cross-border capital and the main reason why  gross flows have risen so dramatically relative to net flows. These flows are  typically in a securitized form and, as such, are susceptible to trading in active  secondary markets. By one estimate, investors in the mature markets of  Europe, the United States and Japan have been accumulating securities issued  outside their own countries at the rate of about US$1 trillion a year (Smith  2000). This means that international capital flows are increasingly determined  by Continue reading

Abey Francis

Risks Associated with Payment Systems and Risk Mitigation Measures

Risks in payment systems In any payment transaction, there will be a time lag between the time payment instructions are issued and final settlement of these claims (either on gross or net basis). This time lag exposes the entire system to various risks which are given below: Credit Risk: the risk that a party within the system will be unable fully to meet its financial obligations within the system either when due or at any time in the future Liquidity Risk: the risk that a party within the system will have insufficient funds to meet financial obligations within the system as and when expected although it may be able to do so at sometime in the future Legal Risk: the risk that a poor legal framework or legal uncertainties will cause or exacerbate credit or liquidity risks Operational Risk: the risk that operational factors such as technical malfunctions or operational Continue reading

Abey Francis

In-Depth Interviewing Techniques

In-depth interview  is an intensive and searching interview aiming at studying the respondent’s opinion, emotions or convictions on the basis of an interview guide. Conducting an in-depth interview requires much more training on inter-personal skills than structured interview. This deliberately aims to elicit unconscious as well as extremely personal feelings and emotions. In-depth interview  is generally a lengthy procedure designed to encourage free expression of affectively charged information. It requires probing. The interviewer should totally avoid advising or showing disagreement. Of course, he should use encouraging expressions like “uh-huh” or “I see” to motivate the respondent to continue narration. Some times the interviewer has to face the problem of affections, i.e. the respondent may hide expressing affective feelings. The interviewer should handle such situation with great care. Many researchers don’t know how to conduct an in-depth interview well. Here are some tips for conducting more effective in-depth interviews. Start the Continue reading

Abey Francis

Elements of Retail Store Interior Design

The retail store’s exterior is responsible for attracting the passers by both actual and potential customers to induce them to enter the store. The store’s interior is much more important than the exterior as it welcomes the actual consumer. The layout and design of a retail store communicate a significant amount of  information about the retailer to the consumer. The retail store’s interior must contribute to the retailer’s fundamental objectives of  minimizing  operational expenses and  maximize  sales and consumer satisfaction, therefore,  profits.  To attain these goals, the store’s interior not only must be inviting, comfortable and convenient for the consumer. It must also permit the retailer to use the interior space efficiency and effectively.  Let us try to touch up on the basic elements of the retail store interior design. 1. Fixtures A major consideration in developing an appropriate store design involves  the use of fixtures. They are used to Continue reading

Abey Francis