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

HRM Functions: Training and Management Development

Having selected the manager for the job, he or she must be trained. However, it is not sufficient to provide training only for the manager: the whole family must be trained. Training should include at least two phases. Pre-departure training should focus on language, history and culture for the whole family and on job-specific training for the manager. On arrival in the new country two or three weeks without too much job-related activity should be allowed for adaptation to the new culture. Transition training should continue with language and culture training as well as meetings at which the new expatriates have the chance to mix with local residents and other foreign nationals. Caring for expatriate managers does not cease at this point. The home office must remain alert to the need to provide psychological support in a variety of ways and to convince expatriates that they are not being disadvantaged Continue reading

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Normal debt recovery procedure followed by banks

Normal debt recovery procedure will generally apply to the debtors who are willing to pay the dues with normal recovery process.   Based on the regulatory guidelines of procedure of tribunal on debt recovery, following procedure may be outlined for such recovery.   However the recovery agents should follow the bank-specific debt recovery procedure as advised by their principal. Below are given the main rules for making telephone calls and visit to the debtor for recovery of dues: 1)     The recovery agent has been authorized by the bank to collect the past due debt from the particular customer. 2)     The customer has been notified by the bank of the details of the recovery agent for collection of the past-due debt. 3)     Making customer calls:     This is the first step in recovery procedure and following rules should be followed generally: Calls are made Continue reading

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Introduction to Management Information Systems (MIS)

A management information system (MIS) can be defined as a system that: Provides information to support managerial functions like planning, organizing, directing, controlling. Collects information in a systematic and a routine manner which is in accordance with a well defined set of rules. Includes files, hardware, software and operations research models of processing, storing, retrieving and transmitting information to the users. A management information system (MIS) is a subset of the overall internal controls of a business covering the application of people, documents, technologies, and procedures by management accountants to solving business problems such as costing a product, service or a business-wide strategy. Management information systems are distinct from regular information systems in that they are used to analyze other information systems applied in operational activities in the organization. Academically, the term is commonly used to refer to the group of information management methods tied to the automation or support Continue reading

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Objectives of Compensation Management

The basic objective of compensation management can be briefly termed  as meeting the needs of both employees and the organisation. Since both these  needs emerge from different sources, often, there is a conflict between the two.  This conflict can be understood by agency theory which explains relationship  between employees and employers. The theory suggests that employers and  employees are two main stakeholders in a business unit, the former assuming the  role of principals and the latter assuming the role of agents. Objectives of Compensation Management The compensation  paid to employees is agency consideration. Each party to agency tries to fix this  consideration in its own favor. The employers want to pay as little as possible  to keep their costs low. Employees want to get as high as possible. The  compensation management tries to strike a balance between these two with  following specific objectives: 1. Attracting and Retaining Personnel From organisation’s Continue reading

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Modes of Transferring Capital or Funds from Savers to Borrowers

In economics, a financial market refers to a media that allows people to buy, sell, create and exchange financial securities such as share and bonds, commodities such as basic agricultural goods and precious metals, and other fungible items of value at low transaction costs and at prices that reflect the efficient-market. Both general markets where many commodities are traded and specialized markets where only one commodity is traded exist in financial market. Markets work by placing many interested buyers and sellers in one media, thus making it easier for them to find each other. The financial markets can be divided into different types such as capital markets, commodity markets, money markets, insurance market and foreign exchange market. A saver refers to the one who deposit their money in bank, invest in company share and pays premium to an insurance company with objective to earn interest, dividend and profit. They aim Continue reading

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Why is Big Data so Important in Today’s World?

In the ever-changing, globalized economy, companies have started depending on assessments advanced by their internal processes, business operations, and customers to explore new opportunities for advancement and growth. Such insights present a massive intricate set of data that are produced then managed, analyzed, as well as manipulated by experts. The collation of such a large amount of data is collectively referred to as big data. The numerous peta and terabytes are presently considered as the big data benchmark. The main characteristics which describe big data include; volume which refers to the amount of produced and stored data that determines the potential and the value of the insight and if it can truly be assumed as big data or not. Secondly, the variety referring to the nature and type of the data to assist the data analyst to successfully use the subsequent insights; Velocity refers to the speed that determines how Continue reading

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