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

Sources of Short Term Finance

Short term finance in business usually refers to the additional money a business requires for doing its business for short terms, which is usually a maximum period of one year. These funds are usually used for day to day operations such as payment of wages, inventory ordering, advertisement expenses and so on. The major sources of short term finance are discussed below: 1. Trade Credit Trade credit is a common source of short-term finance available to all companies. It refers to the amount payable to the suppliers of raw materials, goods etc. after an agreed period, which is generally less than a year. It is customary for all business firms to allow credit facility to their customers in trade business. Thus, it is an automatic source of finance. With the increase in production and corresponding purchases, the amount due to the creditors also increases. Thereby part of the funds required Continue reading

Abey Francis

Case Study: Cadbury Crisis Management (Worm Controversy)

In India chocolate consumption was very low in the early 90’s but as the decade advanced the consumption drastically increased. The late 90’s witnessed a good chocolate market condition. The chocolate market in India is dominated by two multinational companies — Cadbury and Nestle. The national companies – Amul and Campco are other candidates in this race. Cadbury holds more than 70% of the total share of the market. Nestle has emerged by holding almost 20% of the total share. Apart from chocolate segment, there is also a big confectionery segment which is flooded by companies like Parry’s, Ravalgaon, Candico and Nutrine. All these are leading national players. The multinational companies like the Cadbury, Nestle and Perfetti are the new entrants in the sugar confectionery market. (Management paradise) There are several others which have a minor share in these two segments. According to statistics, the chocolate consumption in India is Continue reading

Abey Francis

Case Study: Quality Management System at Coca Cola Company

Coca Cola’s history can be traced back to a man called Asa Candler, who bought a specific formula from a pharmacist named Smith Pemberton. Two years later, Asa founded his business and started production of soft drinks based on the formula he had bought. From then, the company grew to become the biggest producers of soft drinks with more than five hundred brands sold and consumed in more than two hundred nations worldwide. Although the company is said to be the biggest bottler of soft drinks, they do not bottle much. Instead, Coca Cola Company manufactures a syrup concentrate, which is bought by bottlers all over the world. This distribution system ensures the soft drink is bottled by these smaller firms according to the company’s standards and guidelines. Although this franchised method of distribution is the primary method of distribution, the mother company has a key bottler in America, Coca Continue reading

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Qualities of a Successful Person

Success is the achievement of a desired aim, fame, wealth or social position. So a successful person is somebody who has been able to achieve an aim, fame, wealth or social position. A successful person is somebody who has been able to start a project (no matter how small it is) and see it to the end and should also have guided quiet a number of people to bring their own projects to completion. I believe this is a complete definition of success. A successful individual is the most powerful force for change and happiness on the face of the earth or in all of existence. A successful person achieves their goals no matter what they may be. Sure, success can be anything though, as long as it is a positively achievable ideal. Genuine achievement comes down to a positive ideal in every way that counts. Negative ideals are failure, Continue reading

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Madoff Scandal – How Bernie Madoff’s Ponzi Scheme Worked?

Bernard L. Madoff, simply known as Bernie is an American allegedly the operator of what is known as the largest Ponzi scheme in history. Bernie before his capture, acted as the stock broker, investment adviser and non-executive chairman of the NASDAQ stock market. It was not later than 2009 when Madoff pleaded guilty; he was guilty for turning his wealth management business into a massive Ponzi scheme. This scheme according to various sources defrauded thousands of investors billions of dollars. In 1960, Bernard Madoff founded one of the biggest firms in Wall Street. He was the chairman of his company “Madoff Investment Securities LLC”, until his arrest was warranted on the December of 2008. Before his arrest, the Madoff Investment Securities emerged as one of the top market maker businesses on the Wall Street. After his arrest, Madoff explained to his children as a confession that most of his asset Continue reading

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Important Characteristics of Management

An analysis of the various definitions of management indicates that management has certain characteristics. The following are the salient characteristics of management. 1. Management aims at reaping rich results in economic terms: Manager’s primary task is to secure the productive performance through planning, direction and control. It is expected of the management to bring into being the desired results. Rational utilisation of available resources to maximise the profit is the economic function of a manager. Professional manager can prove his administrative talent only by economising the resources and enhancing profit. According to Kimball – “management is the art of applying the economic principles that underlie the control of men and materials in the enterprise under consideration”. 2. Management also implies skill and experience in getting things done through people: Management involves doing the job through people. The economic function of earning profitable return cannot be performed without enlisting co-operation and Continue reading

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