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

Spot and Forward Foreign Exchange Rates

There are two types of foreign exchange rates, namely the spot rate and forward rates ruling in the foreign exchange market. The spot rate of exchange refers to the rate or price in terms of home currency payable for spot delivery of a specified type of foreign exchange. The forward rate of exchange refers to the price at which a transaction will be consummated at some specified time in future. In modern times the system of forward rate of foreign exchange has assumed great importance in affecting the international capital movements and foreign exchange banks play an important role in this respect by matching the purchases and sales of forward exchange on the part of would be importers and would be exporters respectively. The system of forward foreign exchange rate has actually been developed to minimize risks resulting from the possibility of fluctuations over time in the spot exchange rate Continue reading

Abey Francis

Performance Under Stress Pressure

The difference between Pressure and Stress It is important to understand the difference between pressure and stress.   When you are faced with a challenge you are confident you can meet, it is normal to experience positive feelings such as excitement and motivation.   This results in higher than normal levels of energy and an enthusiasm to work hard and succeed.   On the other hand however, when faced with a challenge you believe is beyond you, for whatever reason, you are in danger of experiencing stress.   Any level of pressure you perceive as excessive, may, if not reduced within a reasonable period of time, turn into chronic stress. When stressed, your overall performance will reduce.   If you feel that you are not capable of meeting a challenge, you experience negative thoughts, feelings and physical sensations that drain your energy and lower your mood and desire to work. Continue reading

Abey Francis

Just-In-Time (JIT) Method – Eliminate Waste and Improve Productivity

Just-in-time or JIT means producing goods and services exactly when they are needed, like for example a new company opens that is producing steering shaft for automobiles. The company, under the JIT system, will set up the machines to produce the jobs in a row from those who collect the metals at one end, all of the way to those who ship the product at the other end of the factory.   The people at each station, as they receive the product, take the job order, perform their duties on the product, and then transfer the product out to the next station after their work is completed.   Along the way, the product is screened for infirmities, and if they exist, the line is stopped until the defect is repaired.   In the end, the shipping agent will receive the product and ship it to the customer.   All along Continue reading

Abey Francis

SWOT Analysis of Hewlett-Packard (HP)

Overview of  Hewlett-Packard (HP) Company Hewlett-Packard Company (HP) is one of the world’s largest information and technology (IT) companies. It was founded by Bill Hewlett and Dave Packard in 1939. Both of them established Hewlett-Packard (HP) in Packard’s garage which located in Palo Alto, California, USA. First and the foremost, HP is a worlds’ leading PC manufacturer. The creation of these new technologies had brings us a more meaningful impact for the community. This company had offered many products, technologies, software, solution and service for customers, small and medium size of businesses (SMBs) and large enterprises which encompass those customers in the education, government and health sectors. Besides, HP also famous in manufacturing and developing computers, data storage, networking hardware and designing software and sending service. The major product line for the company include those personal computing devices, related storage devices, enterprise servers and also a number of printers and Continue reading

Abey Francis

The Stability Strategy in Management

Stability strategy implies continuing the current activities of the firm without any significant change in direction. If the environment is unstable and the firm is doing well, then it may believe that it is better to make no changes. A firm is said to be following   a stability strategy if it is satisfied with the same consumer groups and maintaining the same market share, satisfied with incremental improvements of functional performance and the management does not want to take any risks that might be associated with expansion or growth. Stability strategy is most likely to be pursued by small businesses or firms in a mature stage of development. Stability strategies are implemented by ‘steady as it goes’ approaches to decisions. No major functional changes are made in the product line, markets or functions. However, stability strategy is not a ‘do nothing’ approach nor does it mean that goals such Continue reading

Abey Francis

5 Ways to Improve Employee Retention and Foster a Thriving Workforce

The success of every firm depends on its ability to find and keep exceptional individuals in today’s competitive job market. Workflow is disrupted by high personnel turnover, resulting in high costs for recruiting, training, and lost productivity. To address this challenge, businesses must implement smart strategies to improve employee retention. This article will explore five effective approaches that can help create a loyal and engaged workforce. Hire the Right People The foundation of a strong employee retention strategy lies in hiring the right people. Taking a proactive approach to recruitment ensures that you bring on board individuals who align with your company culture, possess the necessary skills, and exhibit the potential for long-term success. By carefully evaluating candidates through comprehensive assessments, interviews, and reference checks, you can significantly reduce the risk of turnover. Selecting employees who are the right fit enhances job satisfaction and promotes a harmonious work environment. Optimize Continue reading

Abey Francis