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

Team Based Compensation System

Teams have become a popular way to organize business because they offer companies the flexibility needed to meet the demands of the changing business environment. While many companies have been quick to organize their workforce into teams, they have not been as eager to implement team-based compensation systems. However, if team-based organizations continue to utilize old, individually-oriented pay systems, they will not fully realize the benefit of highly cooperative and motivated work teams. Team compensation is a way of rewarding performance in team settings. That is, individuals are rewarded based on the performance of the team as opposed to individual performance. There are different kinds of compensation such as a portion of base pay, other financial rewards such as gain-sharing, and non-financial rewards such as movie passes and gift certificates. Teams are defined as groups of individuals who work together to develop products or deliver services for which they are Continue reading

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Credit Default Swaps (CDS)

The credit default swap (CDS) is the cornerstone of credit derivatives market. A credit default swap is a swap contract in which protection buyer (buyer of CDS) makes a series of payments over the maturity of CDS to the protection seller & in exchange receives a payment which is contingent on the happening of default by third party (reference entity). In short, it is a credit derivative contract between two parties in order to exchange the credit risk of an issuer (reference entity). The underlying (reference) asset can be bond or loan of any corporation known as reference entity. The reference entity is not a party to the contract. Reference entity refers to the party on which protection is written. The protection buyer makes quarterly premium payments (spreads) to the protection seller. This premium is usually some percent of notional value of CDS contract, expressed in basis points. If the Continue reading

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Case Study: PepsiCo’s International Marketing Strategy

Pepsi was created by chemist named Caleb Bradham. He was inspired to experiment with various products and ingredients to create a suitable summer drink that became highly sought after way back in the summer of 1898. It was this summer inspiration that later evolved into what we now know as Pepsi Cola. The company was launched officially in the year 1902. The beginning of Pepsi Cola was in the back room of his pharmacy, but recognizing its potential, Caleb soon started bottling the product so that people all over can enjoy it. As the years passed, Caleb started franchising the bottling of the drink to different people in different locations. Soon Pepsi Cola was being sold in 24 states across the United States. When World War I broke out, the company went bankrupt and Caleb had to sell the trademark to a stock broker from North Carolina. But he too Continue reading

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Roland Gareis Project Maturity Model

For managing the projects, project portfolios and programs, companies with project orientation have particular strategies, organizational structures, and certain cultures. The management of the programs and project provides competitive improvement for the social systems. Therefore, the organizations including nations, regions, industries are becoming more project oriented. There is an interrelationship between the outcomes of the project oriented systems in the project and their maturity state. These maturities of the project or an organization can be evaluated by different maturity models. In this article, the maturity model developed by the ROLAND GAREIS Project and Programme Management ® has been discussed. Dr. Roland Gareis who is a university professor at the Vienna University of Economics and Business Administration, Austria.  Project Maturity models have different dimensions which relate to each other. ROLAND GAREIS model contains eight dimensions. These dimensions are discussed bellow. Project Management:  A project is a defined as a provisional organization for the efficiency of Continue reading

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Role of Fiscal Policy in Economic Development

Fiscal policy refers to the guiding principles of the financial work which are constituted by the state based on political, economic and social development tasks under a certain period. Its purpose is to regulate aggregate demand through government’s spending and tax policies. On the one hand, an increase in government spending will stimulate aggregate demand and increase the national income. Correspondingly, a decrease will depress aggregate demand and reduce national income. On the other hand, a tax is a kind of contraction strength to national income. Therefore, the aggregate demand and the national income will be restrained though increasing government revenue. And they will be increased due to reducing in government revenue as well. The fiscal policy with a distinct class character is formulated by the state, represents the will and interests of the ruling class, and is subject to a certain level of development of social productive forces and Continue reading

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Managing Workforce Diversity

How administrators manage workforce diversity greatly depends on the needs of the organization. For example, some companies may want a diversified work force in order to make them more competitive in the global market. Diversity helps them to better understand international markets. While other organizations consider diversity as a means to bring about greater harmony in the workplace and an opportunity to prepare employees and volunteers to deal with the nation’s changing demographics. Regardless of the reasons, managing diversity is here to stay. So, it’s no longer an issue whether to implement diversity training, but how diversity training will be implemented. “Managing for Diversity” pertains to a philosophy that is purely motivated by business purpose and market advantage. It is seen as a strategy for improving organizational competitiveness and efficiency. It is distinctly different from policies grounded in social purposes such as equal employment opportunity or affirmative action. It focuses Continue reading

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