Case Study on Entrepreneurship: Larry Page

Business Analysis

The Boundaryless Career: Modern Contemperory Perspective on Career

Human Resource Management

Concepts of Throughput Accounting and Theory of Constraints

Financial Management

Gantt Charts – Tool for Project Planning and Scheduling

Project Management

Kaizen – Understanding the Japanese Business Philosophy of Continuous Improvement

Operations Management

Critical Constraints that Act to Impede Adaptive Innovation in Organizations

Innovation in organization’s is done to ensure that the products and services provided by a company are unique from its competitors. The uniqueness of the products and services can help an organization gain a competitive advantage in the market. Organizational innovation has certain advantages that can be used for increasing revenue and reputation. One such advantage is the fact that the employees working in the organization can be skillful and develop creative knowledge about the manner in which they can approach the activities of an organization. The employees that can help the organization’s to increase its productivity and efficiency can gain more than one skill and competence. However, some experts countered the process of innovation stating that the weakness of innovation includes the fact that changes in organization’s need to be made for the implementation of innovation. These changes can be negative for the employees in a way that disruption Continue reading

Abey Francis

Entrepreneurship – Meaning, Definition, Need and Importance

Concept and Definition of Entrepreneurship Entrepreneurship is an elusive concept. “Entrepreneurship is based on purposeful and systematic innovation. It included not only the independent businessman but also company directors and managers who actually carry out innovative functions.”-Schumpeter In the above definition, entrepreneurship refers to the functions performed by an entrepreneur in establishing an enterprise. Just as management is regarded as what managers do, entrepreneurship may be regarded as what entrepreneurs do. In other words, entrepreneurship is the act of being an entrepreneur. Entrepreneurship is a process involving various actions to be undertaken to establish an enterprise. It is thus, process of giving birth to a new enterprise. Entrepreneurship is composite skill, the resultant of a mix of many qualities and traits- these include tangible factors as imagination, readiness to take risks, ability to bring together and put to use other factors of production, capital, labor, land, as also tangible factors Continue reading

Abey Francis

Alfred Chandler’s Model of Integrated Managerial Enterprise

Managerial enterprises received the priority and governmental focus in the modern economic strategy that led to the fast and impressive growth of the economies of developed countries. Numerous countries have chosen the model designed by Alfred Chandler as the primary tool for changing the perspectives and visions to transform and grow to become powerful national economic enterprises. The model is based on the economic logic. The decisions made by managers based on this approach had a momentous impact on the path of economic advancement of Germany making this country one of the most influential players in the global arena, increasing production level in the United States, and helped Japan reach its leading position in the world. Adherence to the economic logic became the engine for the economic improvement. However, weak implementation of the Chandler’s model consequently led the United States to the decline in the competitiveness in machinery and electronics Continue reading

Abey Francis

Case Study: Lockheed Corporation’s Unethical Practices

Company Description and Background Before turning into a huge corporation with global reach, Lockheed Martin went through multiple stages of development, most of which faced periods of failure and fallback. Lockheed Martin has nearly a century long history and is one of the world’s leading manufacturers and sellers of weapon, aircraft, surveillance devices, and detection systems. Its story began during the World War I when the Loughead brothers first began to build airplanes and sell them to hobbyists. They operated within an emerging niche of the military weaponry market, but their airplanes were not created in time to become involved in the war. Over the decades, the company perfected its models to eventually build the Lockheed Vega, one of the first legendary airplanes of the time and the leading machine in the market. Before the start of the Second World War, the company has experienced several ups and downs; however Continue reading

Abey Francis

Corporate Investment Decisions – Meaning and Stages

In order to succeed in a competitive market, corporations need to pay much attention to their investment decisions to gain benefits and profits. The process of making effective decisions involves several steps, and it needs to be discussed in detail along with a list of options that are available to corporations for their investment. The purpose of this article is to provide an explanation of how the majority of corporations make specific investment decisions to add to their profitability and competitive advantage. The first step in the decision-making process related to investing in the analysis of a current situation with the help of certain tools, such as the cash flow analysis and the analysis of the cost of capital. These tools are important to indicate the current position of a corporation in the market, evaluate its attractiveness to potential investors, and influence its own investing decisions. The second step in Continue reading

Abey Francis

Importance of Capital Controls in Economic Policy

Globalization of capital investment and finance has surfaced for a long period of time in the world of global financial market. Capital flow liberalization has brought up the importance of capital controls for some countries to achieve their economic growth. The Description of Capital Controls Since the failure of Bretton Woods system in 1971, the international capital movements within developed and developing countries become unstable and for some countries the capital flows need to be controlled. Capital controls are restrictions to regulate the movement of capitals which are flowing in or out of the country. Capital flows may be in forms of bank loans, portfolio investment and foreign direct investment. The controls of short terms portfolio investment and bank loans are quite necessary since they are quite risky because of the roll-over risks. For long term credits and FDI are less risky if they are politically guaranteed. Looking back to Continue reading

Abey Francis