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

Kaizen – Understanding the Japanese Business Philosophy of Continuous Improvement

Operations Management

Role of Leaders in Shaping Organizational Culture

Management Principles

Factors to Consider when Choosing a Source of Finance

There are many sources of finance available to a business. Finance is needed for several purposes and different purposes need sources of  finance which are most suitable to them. When choosing an appropriate source of finance some factors have to  be considered. The factors that need to be considered when choosing an appropriate source of finance are: The amount of money needed: This is the amount of finance the organisation wants to raise. Not all sources of finance provide all amounts of funds. Some sources are notable to raise large amounts of funds whereas others are not flexible enough to put up for the small sum of money the business requires. Therefore it is necessary to identify the amount of money needed by the company to choose a suitable source of finance. For example borrowing a commercial loan for a small and short-term cash-flow problem is unwise because loans may Continue reading

Abey Francis

Business Letter – Meaning, Purpose and Components

A letter is price of conversation by post. It is the most important means of written communication. Every organization has to maintain contacts with its customers, suppliers, Government Department and so on. The organization has also to exchange information with various parties. Placing orders, soliciting enquires, executing orders etc. require communication. For such type of communication the media used by the organization is a letter. This letter is known as business letter. In the words of H. A. Murphy and others, “The medium used most often for written messages to persons outside your organization is the business letter.” W. J. Weston said, “Business letter is the process of accomplishing business transaction in written form.” The Purposes of a Business Letter Business people have to communicate with the suppliers, debtors, creditors, customers and with other concerned parties to exchange information. Business letters are basically used to communicate with the above parties. According to Ricks and Continue reading

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Internal Hiring – Meaning, Methods, Advantages and Disadvantages

Internal hiring refer to recruiting employees from within the organization. In deciding requirement of employees, initial consideration should be given to a company’s current employees, which is concerned with internal hiring. They include those who are already available on the pay roll of the company. This is important source of recruitment as it provides opportunities for better development and utilization of existing human resources in the organization.  There are two aspects of hiring under internal sources. They are as follows: Promotions – It refers to promoting or upgrading an employee who is already existed in the pay roll and contributed for organizational performance. It is done by shifting an employee to a higher position with high responsibilities, facilities, status and pay. Usually, many companies fill higher job vacancies by promoting employees who are considered fit for such positions. This is due to fact that it has a great psychological impact Continue reading

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Principles of Supply-Side Economics

Supply side economics, also known as Reaganomics, is a form of economic theory that emphasizes the importance of incentives for individuals and businesses in order to increase economic growth. This theory is based on the idea that the supply of goods and services determines the overall health of an economy. In this article, we will explore the main principles of supply side economics, its history, and its impact on the economy. The main principles of supply side economics can be summed up as follows: Tax cuts: The theory asserts that tax cuts, especially for businesses and the wealthy, will lead to increased investment and growth. The idea is that lower taxes will encourage individuals and businesses to work harder and invest more in the economy. Deregulation: Deregulation is another key principle of supply side economics. The theory argues that too much government regulation can stifle economic growth. Deregulation allows businesses Continue reading

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Accounting Treatment for Material Losses: Waste, Scrap and Spoilage

Meaning and Types of Waste The loss of raw materials in processing is waste. Waste has no receivable value. It is a quantity loss of material in the process of producing goods. Waste is brought into record by comparing the input quantity with the output quantity. Waste may occur due to shrinkage, smoke, weight loss and evaporation causing the material to become waste. They are material losses causing a quantity loss. Waste may occur in terms of a by-product which does not produce any realizable value. For example, 20kg of potato does not give 20kg of potato chips. Thus, the fact that 15 kg of chips is produced out of 20kg potato means that 5 kg of potato is wasted in the course of making chips. 5kg of waste does not produce any sales value and so is treated as waste. Waste is divided into two types, normal and abnormal Continue reading

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Case Study: Google’s Recruitment and Selection Process

Google Inc., the world’s largest and most popular search engine company, is also one of the most sought after companies in the world. Due to the popularity of the company caused by its highly attractive compensation and benefits packages for its employees, millions of job applications are constantly received by Google on an annual basis. While other companies envy Google for attracting and acquiring such highly-talented and highly-skilled individuals from all over the world, the company finds it as a serious cause of dilemma. When Google Inc. topped the ranks for the most popular companies in the world, it could no longer contain the number of applications it receives from thousands of job hunters from all over the globe. And since the company aims to hire only the best employees that fit the organizational culture and standards of Google, the company started thinking of ways to better improve its recruitment Continue reading

Abey Francis