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

The Competitive Profile Matrix (CPM)

The Competitive Profile Matrix (CPM) identifies a firm’s major competitors and their particular strengths and weaknesses in relation to a sample firm’s strategic position. The Competitive Profile Matrix  resembles an External Factor Evaluation (EFE) Matrix  with a comparison to other organizations and/or companies.  The weights and total weighted scores in both a CPM and EFE have the same meaning. However, the factors in a CPM include both internal and external issues; therefore, the ratings refer to strengths and weaknesses, where 4 = major strength, 3 = minor strength, 2 = minor weakness, and 1 = major weakness. There are some important differences between the EFE and CPM. First of all, the critical success factors in a CPM are broader; they do not include specific or factual data and even may focus on internal issues. The critical success factors in a CPM also are not grouped into opportunities and threats such Continue reading

Abey Francis

Financial Planning – Meaning, Objectives and Process

The financial planning refers to the projection of future financial course of action to be carried for efficient execution of operating plans and effective accomplishment of corporate objective. Financial planning begins with the preparation of strategic plans that in turn guides the formulation of operating plans and budgets. Financial planning provides road map for guiding, coordinating and controlling firm’s financial action in order to achieve the objectives.  Therefore, a planning that spells out future course of action, budgets and capital expenditures required for execution of operating plans is known as financial planning. Objectives of the Financial Planning Most corporate organizations spend significant time and labor in preparing the financial plan as it enables a firm: To identify significant actions to be taken in various aspects of firm’s finance functions. To develop various options in the field of finance functions, which can be exercised as condition change. To state clearly the Continue reading

Abey Francis

History of Commodity Futures

Commodities futures trading have evolved from the need for ensuring continuous supply of seasonal agricultural crops. In Japan, merchants stored rice in warehouse for future use. In order to raise case warehouse holders sold receipts against the stored rice. These were known as rice tickets. Eventually such rice tickets became accepted as a kind of general commercial currency Rules came into being, to standardize the trading in rice tickets. The futures contract, as we know it today, evolved as farmers (sellers) and dealers (buyers) began to commit to future exchanges of grain for cash. For instance, the farmer would agree with the dealer on a price to deliver to him 5,000 bushels of wheat at the end of June. The bargain suited both parties. The farmer knew how much he would be paid for his wheat, and the dealer knew his costs in advance. The two parties may have exchanged Continue reading

Abey Francis

Oligopolistic Market – Meaning, Definition, Classification and Characteristics

An oligopoly is defined as a market structure wherein industries are dominated or handled by “few” firms.  Oligopolistic market structure dominates the market structures available, accounting half of the total outputs in the world.   Industries which adapt to these vary from manufacturers of automobiles to breakfast cereal or even television broadcasting to airlines. In the words of Robert Y. Awh, “Oligopoly is that market structure in which a few sellers who clearly recognize their mutual interdependence produce the bulk of the market output”. Oligopoly differs from other market categories in that, under monopoly we have only one seller, under perfect competition we have many sellers, under monopolistic competition we has a sufficiently large group of small monopolists whereas under oligopoly we have a few sellers constituting a small group.   In an Oligopolistic market the firms may be producing either homogeneous or differentiated products.   Besides, the element of Continue reading

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Operations Research approach of problem solving

Operations Research approach of problem solving Optimization is the act of obtaining the best result under any given circumstance. In various practical problems we may have to take many technical or managerial decisions at several stages. The ultimate goal of all such decisions is to either maximize the desired benefit or minimize the effort required. We make decisions in our every day life without even noticing them. Decision-making is one of the main activity of a manager or executive. In simple situations decisions are taken simply by common sense, sound judgment and expertise without using any mathematics. But here the decisions we are concerned with are rather complex and heavily loaded with responsibility. Examples of such decision are finding the appropriate product mix when there are large numbers of products with different profit contributions and production requirement or planning public transportation network in a town having its own layout of Continue reading

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Functions of Retailing

Retailers play a significant role as a conduit between manufacturers, wholesalers, suppliers and consumers. In this context, they perform various functions like sorting, breaking bulk, holding stock, as a channel of communication, storage, advertising and certain additional services. Sorting Manufacturers usually make one or a variety of products and would like to sell their entire inventory to a few buyers to reduce costs. Final consumers, in contrast, prefer a large variety of goods and services to choose from and usually buy them in small quantities. Retailers are able to balance the demands of both sides, by collection an assortment of goods from different sources, buying them in sufficiently large quantities and selling them to consumers in small units. The above process is referred to as the sorting process. Through this process, retailers undertake activities and perform functions that add to the value of the products and services sold to the Continue reading

Abey Francis