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

Laws statutes applicable to Takeover

Laws applicable to Takeover Clauses 40A and 40B of the listing Agreement the company has entered into with stock exchange. SEBI’s (Substantial Acquisition of shares and Takeover’s) Regulations, 1997. 1.     Takeover and Listing agreement exemption Clauses 40A and 40B of Listing Agreement Clause 40A deals with substantial acquisition of shares and requires the offeror and the offeree to inform the stock exchange when such acquisition results in an increase in the shareholding of the acquirer to more than 10%. Clause 40B deals with takeover efforts. A takeover offer refers to change in management where there is no change in management, Clause 40B of listing agreement will not apply. However, sub clause 13 of amendment of Clause 40B also provides an exemption to the scheme approved by BIFR. There is no provision under clause 40B for exemption of non BIFR companies. 2.     SEBI (Substantial Acquisition of shares Continue reading

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Trade Unions – Definition, Characteristics, Need, Nature and Purpose

Trade Unions prove beneficial for workers, as the main aim of forming this group is to prevent the workers from being exploited by the senior officials. For example, if a worker is unhappy with the pay he is getting he can talk to his co-workers and collectively they can raise their voice to get the pay they deserve. Trade union is even helpful for the management of the firm, as they can know the needs of the worker which helps them know workers better and provide them an environment where they are able to work efficiently and help them to maintain good standards. Decisions are taken through the collective bargaining process and negotiations between employer and unions. The relationship between trade union and employer is called as industrial relations. In general terms, trade unions satisfy their needs through negotiations peacefully, but sometimes other tough actions need to be taken by Continue reading

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Securitization in India – SARFAESI Act, 2002

The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 or  SARFAESI Act, 2002  allows banks and financial institutions to  auction properties  (residential and commercial) when borrowers fail to  repay their loans.  The Act aims at speedy recovery of defaulting loans and to reduce the mounting levels of Non-performing Assets of banks and financial institutions. As stated in the Act, it has “enabled banks and FIs to realise long-term assets, manage problems of liquidity, asset-liability mismatches and improve recovery by taking possession of securities, sell them and reduce non performing assets (NPAs) by adopting measures for recovery or reconstruction.” The SARFAESI Act, 2002 has been largely perceived as facilitating asset recovery and reconstruction.  The Act has been passed based on the recommendations of Narasimham Committee I and II and Andhyarujina Committee constituted by the Central Government for the purpose of examining banking sector reforms and to Continue reading

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Types of Software’s Used in Business

Software Trends Several major software trends. First, there has been a major trend away from custom-designed programs developed by the professional programmers of an organization. Instead, the trends is toward the use of off-the-shelf software packages acquired by end users from software vendors. This trend dramatically in creased with the development of relatively inexpensive and easy-to-use application software packages and multipurpose software suites for microcomputers.   The trend has accelerated recently, as software packages are designed with networking   capabilities and collaboration features that optimize their usefulness for end users and work grounds on the Internet and corporate intranets and extranets. Second, there has been a steady trend away from (1) technical, machine-specific programming language using binary-based or symbolic codes, or (2) procedural languages, which use brief statements and mathematical expressions to specify the sequence of instructions a computer must perform. Instead, the trend is toward the use of a Continue reading

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Need of Corporate Vision Statements

A corporate entity needs a vision because “where there is no vision, the people perish”(Proverb 29:18). This quotation from the holy writ aptly captures the essence of vision both at individuals and corporate level. Vision is important in that it guides and perpetuates corporate existence. Vision is viewed as a mental picture of a compelling future situation. It originates from creative imagination, the act or power of perceiving imaginative mental images or foresightedness. Corporate vision could be thought of as related to intuition. This is, however, not to eliminate other sources of corporate vision. Corporate vision can be associated with external agencies imposition of strategy or vision and, they can be deliberately formulated as part of strategic planning process. Notwithstanding the process leading to the emergency of vision, from strategic management perspectives, corporate vision creates a picture of a company’s destination and provides a rational for going there – Somewhat Continue reading

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Proxy and Reverse Proxy Servers

Proxy Server Proxy server is a computer system or application which works as an intermediary for clients searching resources which exist on other servers. It allows different users to access the internet at the same time on a single Internet connection.  It aims to improve the speed of surfing the internet and reducing network traffic. It receives requests from a web user such as a web page or a file available on a different server, then it evaluates at responds to the request. It simplifies this process and controls it. A proxy server is also part of a firewall and helps to prevent hackers from using the internet in order to not let them gain access to computers on a private network. The main features of a proxy server are: Caching: This happens when a user requests for a file. The proxy first browses its cache and forwards it if Continue reading

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