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General Business Articles

Compare and Contrast Maslow’s Theory of Needs with Vroom’s Expectancy Theory

Motivation is an intangible human asset which acts as a driver that pushes humans to be willing to perform certain actions. In just about everything we do there is something that moves us to perform the action which involves some motivation allowing us to perform tasks or actions which produces some type of personal benefit as a result. The general theory would be that, the greater the personal gain in performing the task for the individual, the more motivated they are to try at the task to achieve the best outcome. Motivation is usually stimulated by a want where there is a gain to be had as a result of performing a certain task.… Read the rest

Abey Francis

Employee Separation Methods

Concept of  Employee Separation  

An employee who works for an organization has to leave the organization one day or the other. Even in Japanese organizations, where there is life-time employment, separation is inevitable. Separation is the act of an employee leaving his organization because of any of the reasons viz., superannuation, turnover, transfer, dismissal, retrenchment, etc.

A manager, who looks after the staffing function, has to adhere to the formalities, rules, terms, conditions, legal provisions, standing orders etc. in separating any person who works for the organization. While an unconfirmed employee must be given notice pay, a confirmed employee must be given compensation, gratuity, pension benefits etc.… Read the rest

Abey Francis

Data Ethics – Meaning, Risks and Mitigation

In the world of today, there is a rising increase in the amount of data being collected each day. This data is further being divulged across several environments, sectors, and industries. In most scenarios, the process of collecting data is really not a big deal but the ability and technicality of managing the large amount of data collected become an unending struggle. The struggle to effectively manage the exploding volume of data has led to increased prominence in the ethical use of data.  For this reason and more, it has caused the establishment of policies to ensure there is a check and balance as to how data is being shared with the sole purpose of protecting the integrity of people who own this information.… Read the rest

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What is Electronic Records Management (ERM)?

ISO standard 15489: 2001 defines Records Management (RM) as the field of management responsible for the efficient and systematic control of the creation, receipt, maintenance, use, and disposition of records, including the processes for capturing and maintaining evidence of and information about business activities and transactions in the form of records. Electronic Records Management (ERM) guarantees that your company has the records they need when they are needed. Records management is referred to a set of activities that are required for systematically controlling the distribution, use, creation, maintenance, and disposition of all recorded information that’s maintained as proof of business transactions and activities.… Read the rest

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Database Management System (DBMS) – Components, Advantages, and Disadvantages

A Database management system (DBMS) is software designed to manage and maintain large quantities of data. The DBMS serves as the mediator between the user and the database. The database structure itself is stored as a collection of files. The data in these files can only be accessed through the DBMS. A single, integrated view of the data in the database is shown to the user by the DBMS. All application requests received by the DBMS are translated into complex operations required to fulfill these requests. The database’s internal complexity is hidden by the DBMS from the application programs and users.… Read the rest

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Case Study: Samsung’s Innovation Strategy

The success of Samsung has been widely acknowledged in the last decade. Samsung, the world’s largest television producer and second largest mobile phone manufacturer, is also the largest firm of flash memory maker. Furthermore, Samsung was ranked by Fast Company Magazine to be third most innovative company in the consumer electronics. The company grew from a local industrial leader into a worldwide consumer electronics brand, with up to 261,000 employees, 14 public listed companies, 470 offices and facilities in 67 countries. Samsung was ranked as 11th world’s most innovative companies. It is one of the two Korean companies in the Top 20 companies.… Read the rest

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