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

Developing the Internal Capability for Change Management

One of the fundamental challenges facing leaders today is how to regularly transform the business through major change initiatives, with minimum disruption. Change is changing: it is becoming more frequent, radical and complex. Research suggests that 70% of projects fail to secure their anticipated benefits because organizations install new systems, processes or practices, but fail to implement the change fully–people are not sufficiently personally committed to the new ways of working to sustain them. Developing the internal capability for Change Management is an essential step in assuring the successful implementation of any change project. It is also a factor that will enable the organization to continue to optimize its performance in response to changing service demands and new strategic drivers. To develop the internal process management capability organizations should: Define the roles in Change Management, and where possible, involve the future change managers in the analysis and re-design Establish and Continue reading

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Residential Status and Tax Liability in India – Income Tax Basics

The scope of total income is determined on the basis of residential status of the assessee. For the purposes of Income Tax Act, there can be three residential status. Residential status is determined on the basis Basic conditions and Additional conditions Resident and ordinarily resident Resident but not ordinarily resident Non resident. RESIDENTIAL STATUS OF AN INDIVIDUAL Resident and Ordinarily Resident [ROR] An individual is said to be resident in India if he satisfies anyone of the basic conditions and both of the additional conditions. Resident but Not Ordinarily Resident [RNR] An individual is said to be resident but not ordinarily resident in India if he satisfies anyone of the basic conditions but does not satisfies both of the additional conditions. Non Resident [NR] If an individual does not satisfies any of the basic conditions he is said to be non resident in India Basic conditions Additional conditions A stay Continue reading

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Industrial Development Bank of India (IDBI)

Industrial Development Bank of India was set up to accelerate the development of the country. A number of financial institutions came into existence after independence and were catering to a variety of needs of the industry. There was a lack of co-ordinating different institutions and it led to overlapping and duplication in their efforts. At the same time some gigantic projects of national importance were not getting required financial assistance. It was in response to this need that the Industrial Development Bank of India (IDBI) was established in 1964 as a wholly owned subsidiary of Reserve Bank of India. The bank was to act as an apex institution co-coordinating functions of all the financial institutions into a single integrated movement of development banking and supplementing their resources for industrial financing and as an agency for providing financial support to all worthwhile projects of national importance whose access to existing institutional Continue reading

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Organization Structure – Definition, Determinants, Importance and Types

An organization structure is a set of planned relationships between groups of related functions and between physical factors and personnel required for the performance of the functions. The organization structure is generally shown on the organisation chart. It shows authority and responsibility between various positions in the enterprises by showing who reports to whom. Organization structure lays down the pattern of communication and coordination in the enterprises. Though organization structure is very important, it is not an end in itself. According to Peter F. Drucker, “Organisation is not an end itself, but a means to end of business performances and business results. Organization structure is an indispensable means; and the wrong structure will seriously impair business performance and may even destroy it. Organization structure must be designed so as to make possible the attainment of the objectives of the business for five, ten, fifteen years hence.” Organizing Function of Management Continue reading

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The Concept of Proto-Typing in the System Development Process

A prototype is basically a scaled down model or working version of product. The prototype is put through various tests, before it is converted into a polished, sleek product. The process of preparing prototype is referred to as “prototyping”. It is consisting of building an experimental system rapidly and inexpensively for the end-user to evaluate. Prototyping is also viewed as “strategy of experimental assurance in development of information system applications to be achieved by an evolutionary design method”. Steps in proto-typing: Step 1: identify the user’s basic requirements At this stage the systems person works with the user to understand user’s basic needs and requirements as regards the output from the systems. The systems person establishes realistic user expectation, estimates the cost of developing the working proto type, defines data elements required and determines data availability. Step2: Develop the initial/Working proto type: The systems person develops the initial working/interactive prototype Continue reading

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The Research Problem

The first step in research is formulating the research problem. Stefan Nowak defined a research problem as “a certain question or set of questions to which the research is to provide an answer”. Problem Identification Identifying a research problem is the first and foremost step in any research process. A researcher has to devote considerable time and attention for this. A research problem refers to some deprivation or shortcoming or a gap in knowledge that a researcher experiences in a theoretical or practical situation and wants to find a solution for the same. Research really begins when the above referred situation demanding a solution is perceived by the researcher within the realm of general topic selected by hum. The general area of interest here refers to the range of the subject matter within which he has to see and pose a specific problem for research. So, the formulation of the Continue reading

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