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

Appraising Employee Performance

Need for  Appraising Employee Performance in Organizations There are several reasons to appraise subordinates performance. First, appraisals play, or should play, an integral role in the employer’s performance management process; it does little good to translate the employer’s strategic goals into specific employees’ goals, and then train the employees. Second, the appraisal lets the boss and subordinate develop a plan for correcting any deficiencies the appraisal might have unearthed, and to reinforce the things the subordinate does correctly. Third, appraisals should serve a useful career planning purpose by providing the opportunity to review the employee’s career plans in light of his or her exhibited strengths and weakness. And, last but not least, the appraisal almost always affect the employer’s salary raise and promotional decisions. In reviewing the appraisal tools we discuss below don’t miss the forest for the trees. It doesn’t matter which tool you use if you’re less than Continue reading

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The concept of Forfeiting in Export Finance

Forfeiting is a mechanism of financing exports. By discounting export receivables Evidenced by bills of exchange or promissory notes Without recourse to the seller (viz. exporter) Carrying medium to long term maturities On a fixed rate basis (discount) Upto 100 percent of the contract value. The word `forfeit’ is derived from the French word `a forfeit’ which means the surrender of rights. Simply put, Forfeiting is the non-recourse discounting of export receivables. In a forfeiting transaction, the exporter surrenders, without recourse to him, his rights to claim for payment on goods delivered to an importer, in return for immediate cash payment from a forfeiter. As a result, an exporter in India can convert a credit sale into a cash sale, with no recourse to the exporter or his banker. Concept of forfeiting: 1. What exports are eligible for forfeiting? All exports of capital goods and other goods made on medium Continue reading

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Types of Information Used in Business

Information used in business can be either systematic or non-systematic. Our discussion is generally limited to information that flows through a formal system, but it is important to keep in mind the fact that a great deal of information reaches the manager from sources outside the formal system. Newspaper and other news media, conversations, and even a manager’s perception of a colleague’s facial expressions are important sources of information. Many managers give more-attention to such sources than to the formal reports. Information can be external or Internal. Much information that is relevant to the manager flows into the organization form the outside environment. This information can be systematic regular reports from trade associations, government agencies, and so for, or it can be unsystematic. Information from and about the environment that s rounds the organization is important, but we do not discuss it extensively in this book because of its wide Continue reading

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An Overview of Secure Sockets Layer (SSL) Technology

SSL (Secure Sockets Layer) the most widely used and most powerful measure in security technology for creating an encrypted link between the Web Server web browsers. If the link is encrypted, they use https protocol. Secure receptacle Layer (SSL) and Transport Layer Security (TLS) is the protocol above TCP, which can protect user’s confidentiality when they sending data from a customer side to a web server; this is an important protocol due to the extension of Internet. In fact, it is a long way to make the SSL/TLS protocol fully. However there are still flaw and problems during the development of SSL/TLS, and we cannot deny that there maybe some other potential security hole in the latest version. sequential attack is fatal for both the user and the company in using these protocols to establish a safe channel to transfer information. This article will introduce three typical attacks: Cipher suite Continue reading

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Information System Activities

The major activities of an information system are; 1. Input of Data Resource Data about business transactions and other events must be captured and prepared for processing by the input activity. Input typically takes the form of data entry activities such as recording and editing. End uses typically record data about transactions on some type of physical medium such as paper form, or enter it directly into a computer system. This usually includes a variety of editing activities to ensure that they have recorded data correctly. Once entered, data may be transferred onto a machine-readable medium such as a magnetic disk until needed for processing. For example, data about sales transactions can be recorded on source documents such as paper sales order forms. (A source document is the original formal record of a transaction). Alternately, salespersons can capture sales data using computer keyboards or optical scanning devices; they are visually Continue reading

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Case Study: Bre-X Scandal – The $6 Billion Gold Fraud

The Bre-X scandal is the perfect example of a true fraud that results from dishonest and deceitful business ethics, morals, and principles. The Bre-X scandal is considered to be the biggest mining and gold scandal of all time, and one of the biggest stock scandals in Canadian history. The Bre-X scandal significantly damaged the Canadian Financial Markets and caused substantial reductions in consumer buying and trading confidence, which caused a considerable amount of damage to the Canadian economy. Subsequent to the collapse of Bre-X in 1997, its stocks and shares became worthless and left investors with significant losses. The Bre-X scandal began in March 1993, subsequent to the company purchasing a large mining site in Busang, Indonesia (on Borneo). Subsequent to Bre-X purchasing the mining site in Busang, it boasted that it was sitting on the largest known gold deposit in the world. In October 1995, Bre-X announced that it Continue reading

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