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

Income exempt from Income Tax

Under Sec10 of income tax act the following incomes are exempt from tax 1. Agricultural Income [Sec 10(1)]                               Income from agricultural land situated within India is exempted from tax. 2. Share income of HUF [Sec 10(2)]                               Any sum received by an individual as a member of a Hindu Undivided Family either out of income of the family or out of income of estate belonging to family is exempt from tax. 3. Share of profit from partnership firm [Sec10 (2A)]                               Share of profit received by partners from a firm in which they are partners is not taxable in the hands of partners. 4. Gratuity [Sec 10(10)] Continue reading

Abey Francis

Ethical Conflicts in Business

The dilemma of ethical decision making in business settings arises out of the tensions or conflicts between what is good for individuals, organizations, and society. These conflicts manifest themselves in rules that govern organizational behavior and in concrete decision situations. Individual versus organizational conflicts are apparent when personal values of employees conflict with the requirements organizational tasks. For example, a junior accountant’s audit opinion may be based on ethical grounds. It may be rejected by his or her superiors who do not want to relinquish the business of the client by giving a negative opinion. A salesperson may consider the company policy of giving large discounts or personal gifts to selected customers to attract their business unfair and unethical. A marketing executive may object to company advertisements on the grounds that they are not truthful. Conflicts between organizational and societal interests arise when corpo ­rations consume public goods without paying Continue reading

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Effective Teaming Factors

There are obvious challenges to form and lead a functioning team, even if the team is collocate physically within a training room or office throughout the whole process of training. Moreover the training involves distant learning mode that individualistic or individual behavior towards the whole proceeding come into play that could affect the performance of the entire team. To lead a team has little understanding on the member’s background is an uphill task for the leader. Advanced communication technology will not guarantee the team is working except the individual that participate in the training stretch and contribute within the context of the training that makes this a successful training experience. Participants Background Assessments for Genuine Purpose Understanding the participant background is one of the crucial steps to form a team as if the participant can or will go through the process as required by the program. The participant need to Continue reading

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The Potential Impact of Multilateral Framework on Investments (MFIs)

The development of an Multilateral Framework on Investment (MFI), if such a framework were to be negotiated, would  represent a change in the policy-framework cluster of determinants. Although  such a framework might also affect some elements of business facilitation (such  as investment incentives), it would not involve significant and direct changes in  the principal economic determinants. Indeed, by making Foreign Direct Investment (FDI)  policies potentially  more similar, an MFI would underline the importance of economic (and  business facilitation) factors in determining FDI flows.  The precise effect of an MFI on the policy-framework cluster of determinants  would depend on its content, including definitions, scope and safeguards.  Because an MFI is only a hypothesis, three scenarios, based on differing  assumptions, are discussed below for purely analytical purposes. The specific  implications of each scenario would vary from country to country in accordance  with specific economic and developmental conditions and specific national  stances vis-a-vis Continue reading

Abey Francis

Case Study on Business Ethics: Napster Copyright Infringement Case

Duplicating software for friends, co-workers or even for business has become a widespread practice. All software programs are protected by copyright laws and duplicating them is an offense. How, then, has making illegal copies become such a common and accepted practice in people’s homes and places of work? Part of the answer revolves around the issue that software isn’t like some other intellectual property. Intellectual property is that which is developed by someone and is attributable directly to the thinking process. Software is different from a book in that anyone can easily copy it-and an exact replication is achievable. Another reason is related to cultural differences. People don’t see copy as stealing. People don’t find anything wrong in making a video copy of a hit feature film and selling it or hiring out. People defend their behavior by saying: ‘Everybody does it! I won’t get caught! Or no one really Continue reading

Abey Francis

Financial Accounting vs Management Accounting

Financial Accounting and Management Accounting   are two interrelated facets of the accounting system.   They are not exclusive of each other; they are supplementary in nature.   Financial accounting provides the basic structure for collecting data. The data collection structure is suitably modified or adjusted for accumulating information for management accounting purposes. In a broader sense, management accounting includes financial accounting.   They differ in their emphasis and approaches. They are as follows: Financial accounting serves the interest of external users (i.e. investors etc.) while management accounting caters to the needs of internal users (i.e. management). Financial accounting is governed by the generally accepted accounting principles while management accounting has no set principles. Financial accounting presents historical information while management accounting represents predetermined as well as past information. Financial accounting is statutory while management accounting is optional. Financial accounting presents annual reports while management accounting reports are of both Continue reading

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