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

Essential Characteristics and Skills of Entrepreneurship

Essential Characteristics of Entrepreneurship Entrepreneurship is considered to be the driving force for economic and industrial growth. These growths arise from the ingenuity of business managers, leaders and administrators. Additionally, entrepreneurship is regarded to be a way of thinking that is motivated by existence of a particular opportunity. The objective of entrepreneurship is to create value. Entrepreneurship has resulted into significant transformation of the society. There are numerous attributes that make a successful entrepreneur. Some of these attributes are discussed below. 1. Self Confident Business environment is very dynamic and challenging. As a result, it is characterized by a high degree of uncertainties. For example, an entrepreneur may establish a business venture but be faced with challenges that may limit its success. However, entrepreneurs do not back off from challenges. Instead, their optimism enables them to tackle challenges head-on. Succeeding is such an environment requires one to be persevering and Continue reading

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Life Cycle Assessment (LCA) – Definition, Stages, Benefits, and Limitations

Life Cycle Assessment, which is abbreviated as LCA is a tool to assess the impacts caused by the environment and the resources used throughout the life cycle of the product. The life cycle starts from the acquisition of the raw materials, production process, use of the product, and finally its disposal. ISO defines Life Cycle Assessment as a collection and assessment of the efforts, products and the probable ecological impacts of a product system throughout its Lifecycle. Life Cycle Assessment (LCA) is a tool developed to evaluate the products development processes as systems apply to the evaluation and analysis of environmental performance. In 1969, The Coca-Cola Company moved from glass bottles and introduced plastic bottles. They studied the environmental impacts of its packaging forming today’s LCA methodology. Four Stages of Life Cycle Assessment The four phases of LCA include scope definition and goal setting, life cycle inventory analysis, impact assessment Continue reading

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4 Important Types of Intellectual Property Rights

The process of inventing or discovering the innovative and rather unique product and the focus on launching it in the future can guarantee the success of a company or a person within the market. Nevertheless, there are a lot of associated challenges. Thus, the unique idea or design can be stolen or copied. Moreover, the inventor or creator does not receive the recognition and benefits, if the product and idea are not protected with references to the intellectual properties laws. Intellectual property is one of the most controversial legal and ethical fields of management. It is the dynamic and developing area of the modern law which covers all the creations of the human mind. From this point, intellectual property can be defined as the specific concept which is used to speak about inventions, literary pieces, artistic and music works, designs, photographs, slogans, names, and symbols. The above-mentioned pieces and objects are Continue reading

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Depreciation – Definition, Methods, and Tax Implications

Depreciation is a cost estimation method for accounting for the worth of a long-term asset over its useful life. Depreciation is used to spread the cost of a tangible asset over the accounting periods in which the asset is used. There are some questions surrounding this topic that are essential to explore. For instance, what are the tax implications of depreciation? What are the different depreciation methods, and how can they be used to calculate the amount? What are the best practices for managing depreciation? How does depreciation help to ensure a company’s financial health? Each of these questions will be explored in more detail to understand the concept of depreciation fully. Since antiquity, depreciation has been utilized for cost apportionment. Initially, the idea was developed by the Greek philosopher Aristotle, who believed that the value of an asset declined over time. By the 19th century, Italian economist Vilfredo Pareto Continue reading

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Case Study of General Electric: From Jack Welch to Jeffrey Immelt

General Electric is one of the oldest conglomerates that are still actively present on the market. It consists of a wide variety of businesses and is involved in the production of a great multitude of items, resources, and services. The main segments of the company are focused on oil and gas production, renewable energy, aviation, additive manufacturing, lighting, healthcare, power generation, venture capital and finance, transportation, digital technologies, and lighting. General Electric is also involved in a variety of smaller enterprises which diversify its product line even further. The company was originally established in 1892 after Tomas Edison’s Electric Light Company and Thomas Houston Company were merged to create General Electric. The management of the company was focused on utilizing the numerous patents that Edison’s company held, especially those that were related to electricity generation and distribution. The company grew quickly by focusing on the adaptation of its technologies, a Continue reading

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Reputation Risk – Meaning, Definition and Management

Reputation is an accumulation of perceptions and opinions about an organization that reside in the consciousness of its stakeholders. Reputation has becoming increasingly important to any company as the world becomes more complex. Tangible factors of business are becoming less significant and rapidly replaced by the intangible factors. Reputation is considered as the most valuable intangible asset. Though reputation is considered as an intangible asset which will not be presented in any balance sheet, it will represent the market value. Warren Buffet said: “It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently.” The hard-owned reputation is much more vulnerable in 21st century, as the globalization and development of technologically interconnection make news more easily transmitted and more transparent. Once reputation is compromised, it may be costly to rebuild reputation and the period may be extremely long. Continue reading

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