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

Different Types of Stakeholders in Business

Stakeholder is a person who has something to gain or lose through the outcomes of a planning process, program or project. Stakeholder Analysis is a technique used to identify and assess the influence and importance of key people, groups of people, or organizations that may significantly impact the success of your activity or project. Stakeholder Management is essentially stakeholder relationship management as it is the relationship and not the actual stakeholder groups that are managed. Stakeholders can be divided into inside stakeholders and outside stakeholders. Inside stakeholders are people who are nearby to an organization and have the strongest or most direct claim on organizational resources: shareholders, executive employees, and non executive employees. Shareholders are the owners of the organization, and, as such, their claim on organizational resources is often careful to the claims of other inside stakeholders. The shareholders’ donation to the organization is to spend money in it Continue reading

Abey Francis

An Introduction to Blue Ocean Strategy

Blue Ocean Strategy Blue ocean strategy was coined by professors  W. Chan Kim and Renee Mauborgne  in their book “Blue Ocean Strategy: How to Create Uncontested Market Space and the Make Competition Irrelevant” (2005).  Based on 15 years of research, the authors used 150 successful strategic moves spanning 120 years of business history and across 30 industries to bring the Blue Ocean Strategy theory to life.  This strategy gives a new approach to the formation of new business strategies for all businesses.  Blue  ocean  strategy is a way to make the competition irrelevant by creating a leap in value for both the company and its customers. Blue ocean strategy is to defined, in red oceans, existing industries and businesses, an unknown market space that has never been tapped by any player in the current industry. In Red oceans, competition is severe; existing players try to outperform their rivals by using Continue reading

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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

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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

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