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

How to Meet Costa Rica’s 2026 VASP Requirements Without Expanding Headcount

General Business Articles

Concepts of Throughput Accounting and Theory of Constraints

Financial Management

Types of Innovation and Mapping the Innovation Space

There are different types of innovation. There are four broad categories of innovation. Following these categories are referred as the 4Ps of innovation: ‘product innovation’ — changes in the things (products/services) which an organization offers. ‘process innovation’ — changes in the ways in which they are created and delivered. ‘position innovation’ — changes in the context in which the products/services are introduced. ‘paradigm innovation’ — changes in the underlying mental models which frame what the organization does. For example, the new version of a car, a new bank account offer and a new home personnel computer are all examples of a product innovation. In comparison to a product innovation a change in the production process and machines used to manufacture the car or the home computer these examples are process innovations. Similar the example of the new bank account offer if this came up by changing procedures and sequencing in Continue reading

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Income from Other Sources

Income from other source is a residuary head of income. Any item of income which does not fall under any other four specific heads of income is to be charged under this head. According to sec 56(2) following incomes are chargeable under this head. Dividend declared by a foreign company Family pension Winnings from lottery, crossword puzzles, horse race etc Income from plant, machinery or furniture let out on hire where it is not the actual business of the assessee. Interest from securities, bank deposits Income from sub letting Any other receipts which doesn’t fall under any other heads of income. Income from agricultural land situated outside India Examiner ship fees received by college teachers Income from undisclosed source Ground rent etc Receipts without consideration in certain cases Dividend It means any amount paid by a company, out of divisible profits, whether taxable or not taxable, to its share holders Continue reading

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Achieving Competitive Advantage through Human Resource Development

Human resource development is defined as the framework for helping employees develops their personal and organizational skills, knowledge and abilities. Human resource development involves using a range of learning and training techniques and strategies to change the work related behavior and attitudes of an employee and it also engages in performance management in other to ensure that people can do things well or do new and better things. Human resource development is concerned with enhancing organizational performance through effective development and deployment of organizational members. To enhance performance, a human resource developer has to ensure that the individuals in the organization has the knowledge, expertise and the right attitudes to execute their work, also human resource development aims at ensuring that the organization has the skilled, committed and well-motivated employee it needs to sustain competitive advantage by focusing on processes that develop skills, knowledge and the attitude of the employee, Continue reading

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Artificial Intelligence (AI) and Accounting

The term artificial intelligence was first coined by John McCarthy, in 1956, during an interdisciplinary workshop of researchers at Dartmouth. This team of researchers developed the concept of “thinking machines”, which included automata theory, complex information processing and cybernetics. In the mid-to late 50s, General Electric became the first company to purchase a computer to process its payroll system, the UNIVersal Automatic Computer(UNIVAC). UNIVAC ran payroll in all of GE’s factories and stored data on magnetic tape instead of punch cards. The UNIVAC took 40 hours to complete the entire payroll process. During the 60s the U.S. transportation industry developed an electronic data interchanges to standardize transactions between vendors and customers. This was followed by the introduction of the first computer-based software, LANguage for Programming Arrays at Random (LANPAR), began to offer electronic spreadsheets. After LANPAR, VisiCalac and SuperCalc were released in 1970 and 1978 respectively. With each iteration, more functionality Continue reading

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Case Study: Amazon’s Competitive Advantage

Amazon.com is a multinational E commerce company, which was founded by Jeff Bezos who is considered to be one of the world’s top innovative executives. Amazon.com started as an online bookstore and expanded with time to sell almost everything. The role of information system in this company is a leading role, because the company is an online retailer. The company started as an online store for books to rapidly expand to sell everything such us beauty items, auto parts, apparel, electronics and groceries. Amazon’s logo shows an arrow that stretches from A to Z, which also forms a smile to indicate Amazon’s care for customers’ satisfaction. Core Competency The core competencies for Amazon has been identified as customer convenience and accessibility, unlimited options for selection, custom-made services, the superiority of the content of the web site, the efficient and good quality search tool to find the items of one’s choice Continue reading

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Short Selling

Short selling is the selling of a security which is not owned by the seller or any sale that is completed by the delivery of a security borrowed by the seller. It is the process of selling the borrowed stock in the hope that the price of the stock win fall, so that the short seller can buy-back at a profit. In other words short sellers expect to buyback the securities at a lower rate than the price at which they sold. That is, short sellers make profit when the stock price goes down. They involve a lot of risks and pitfalls. Investors purchases stocks from share markets because they believe that a company has good growth prospects, above average management, an advantage on the competition, is undervalued, or for some similar reason. Selling a security short is done for the exact opposite reasons that securities are bought (long).  Stated Continue reading

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