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

Introduction to International Trade Finance

Financing international trade is a complex process, involving many variables, ranging from corporate policy and marketing strategy to exchange risk and general borrowing conditions. The reason behind the complexity of financing international trade is that trade involves two countries with different currencies and jurisdictions. In addition, payments must be made at a distance and across time, so the exporter, the importer, or both need credit during part or all of the period form the initial manufacture of goods by the exporting firm to the time of the final sale and collection by the importer. The main objective of a good corporate export financing policy should be financing the greatest possible amount of sales with the greatest possible management simplicity and with minimal risk. Following are among the important considerations in the choice of a strategy for trade financing: The nature of good in question. Capital goods usually require medium to Continue reading

Abey Francis

6 Secrets to Successful Franchise Leadership

In the ever-evolving landscape of business, the franchise model stands out for its unique blend of uniformity and adaptability. Leaders in this space have the opportunity to take a stable, successful brand, and scale it to its limits. As such, the skill set required is much different to running an ordinary business. To excel, one must strike a delicate balance between consistency and flexibility, deeply understand the brand, and foster a culture of patience and astute hiring. In recognition of these factors, this article will develop six tools and techniques for franchise leaders to implement immediately. 1. Understanding What is Context Dependent and Independent Franchises differ from ordinary businesses in one major way, they leverage the same, or a very similar business model across various contexts. Think of how similar your experience of McDonald’s is wherever you go in the world. This is because they discovered that their business model Continue reading

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Case Study: Why Walmart Failed in Germany?

Wal-Mart, the mega-retailer, was founded by Sam Walton in 1962 in Bentonville, Arkansas. It started with $700,000 in its first year and scaled up to $5.4 million by 1974. The retailer continues to grow while others struggled with inflation and recessions. In 1980, Wal-Mart became the youngest US retailer to exceed $1 billion in net sales. During the 1980s, Wal-Mart began to further expand and thus pushing some retailers to closing some of their regional stores. The company engaged in diversification by creating membership-stores such as Sam’s Club, smaller, more conventional pharmacy/grocery stores called Neighborhood Markets, and finally Supercenters with a wide selection of consumer goods.  And, in 1991, Wal-Mart became the world’s largest retailer. Wal-Mart had been able to implement its Every Day Low Price strategy by focusing on 1) developing a sophisticated logistics system with heavy information technology investments, 2) efficient distribution system by placing retail stores close Continue reading

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Porter’s Five Forces Analysis of Red Bull

An Austrian Company created Red Bull back in 1987. Red Bull is an energy drink and is also the worlds most popular energy drink, having sold 4.6 billion cans in 2011. The drink was first sold in Thailand and then modified to suit the tastes of people in the United States. A single can of Red Bull has the same amount of as a cup of coffee. Depending on the country, the level of caffeine in a can of Red Bill can vary, as some countries have restrictions on how much caffeine is allowed in drinks. The product is marketed through advertising events such as sport team ownerships, celebrity endorsements, and music. Unfortunately, Red Bull is not market approved in France, Denmark, and Norway. But Red Bull is legal in 164 countries around the world. Due to the potential health risks associated with the drink, Red Bull has been heavily Continue reading

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Extreme Programming (XP) Methodology

Extreme Programming (XP) is a software engineering methodology that has been formulated in 1996 by Kent Beck. It is a lightweight development methodology, XP is one of several popular agile processes. Extreme Programming has received fair media attention, and is most renowned for its practices that are sometimes regarded as controversial, such as pair programming and test-driven development. It has already been proven to be very successful because it reaches to the customer satisfaction. Instead of delivering everything at the same time the XP focus on some date far in the future, this process delivers the software you need as you need it, in other words Extreme Programming empowers the developers to confidently respond to changing customer requirements, even late in the project development life cycle. The philosophy of Extreme Programming is teamwork, in other words Managers, Customers and Developers are all equal partners in a collaborative team. The implement Continue reading

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Equi-Marginal Principle in Managerial Economics

Equi-marginal principle in managerial economics deals with the allocation of the available resource among the alternative activities. According to equi-marginal principle, an input should be allocated in such a way that the value added by the last unit is the same in all cases. Suppose a firm has 100 units of labor at its disposal. The firm is engaged in four activities, which need labor services, viz., A, B, C and D. It can enhance any one of these activities by adding more labor but sacrificing in return the cost of other activities. If the value of the marginal product is higher in one activity than another, then it should be assumed that an optimum allocation has not been attained. Hence it would, be profitable to shift labor from low marginal value activity to high marginal value activity, thus increasing the total value of all products taken together. For example, Continue reading

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