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 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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Introduction to Indian Financial Sector and it’s Reforms

The Indian financial system of the pre-reform period, before 1991, essentially catered to the needs of planned development in a mixed-economy framework, where the Government sector had a predominant role in economic activity. Interest rates on Government securities were artificially pegged at low levels, which were unrelated to the market conditions. The system of administered interest rates was characterized by detailed prescriptions on the lending and the deposit side, leading to multiplicity and complexity of interest rates. Consequently, by the end of the eighties, directed and concessional availability of bank credit to certain sectors adversely affected the viability and profitability of banks. Thus, the transactions of the Government, the Reserve Bank of India and the commercial banks were governed by fiscal priorities rather than sound principles of financial management and commercial viability. It was then recognized that this approach, which, conceptually, sought to enhance efficiency through a co-ordinate approach, actually Continue reading

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Translation Exposure Management in International Finance

Translation (accounting) exposure arises from the need to, for purposes of reporting and consolidation, to convert the financial statements of foreign operations from the local currency (LC) involved to the home currency (HC). If exchange rates have changed since the previous reporting period, this translation, or restatement, of those assets, liabilities, revenues, expenses, gains and losses that are denominated in foreign currencies will result in foreign exchange gains or losses. The most common means of protecting against translation exposure is balance sheet hedging. This involves attempting equalize exposed assets and liabilities. For example, a company may try to reduce its foreign currency denominated assets if it fears a devaluation of the overseas currency, by running down cash balances, chasing debtors and reducing stock levels. At the same time it might increase its liabilities by borrowing in the local currency and slowing down payment to creditors. If it can equate its Continue reading

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Critical Evaluation of IAS 37

The International Accounting Standards Committee (IASC) issued IAS37 Provisions, Contingent Liabilities and Contingent Assets in September 1998. It replaced parts of IAS10 Contingencies and became operative for annual financial statements covering periods beginning on or after 1 July 1999. The objective of this standard is to ensure that appropriate recognition criteria and measurement bases are applied to provisions, contingent liabilities and contingent assets and that sufficient information is disclosed in the notes to enable users to understand their nature, timing and amount. The key principle of IAS37 is that a provision should be recognized only when a liability exists. Planned future expenditures are not recognized as provisions or contingencies, even if the board of directors has authorized them. IAS37 prescribes the accounting and disclosure for all provisions, contingent liabilities and contingent assets, except those resulting from executory contracts, except where the contract is onerous. Executory contracts are contracts under which Continue reading

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SWOT Analysis: Strengths, Weaknesses, Opportunities and Threats

SWOT which stands for an abbreviation of Strengths, Weaknesses, Opportunities and Threats; is an analysis that defined as method to examine organization’s internal factors dealing with strengths and weaknesses, and its environmental opportunities and also the threats. SWOT analysis usually use in the preliminary phase of decision making as a general tool which it designed for being antecedent to strategic planning in different case and applications. SWOT Analysis can be used as a model, process, technique or framework to provide information about those factors strengths, of an organization by having many applications with possibility of being used in all the levels of the organization. SWOT analysis is a part of the strategic planning process. Companies have some internal and external forces in the business environment. As a first step of a strategic planning system, the strategic factors that are related with the potential of the company, should be identified and Continue reading

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